Global Arthroscopy Devices Market Insights Report Overview
According to the latest market study by MarkNtel Advisors titled “Global Arthroscopy Devices Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.
Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.
Arthroscopy Devices Market Overview:
The Global Arthroscopy Devices Market size was valued at USD 9.8 billion in 2022 and is projected to grow at around 6.8% CAGR during the forecast period, i.e., 2023-28.
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Global Arthroscopy Devices Market Challenge
High Costs of Arthroscopic Surgeries and Lack of Skilled Professionals: The scarcity of experienced & skilled healthcare professionals that can perform arthroscopic procedures accurately & safely is a major growth restraint for the Global Arthroscopy Devices Market. Conditions involving joints & bones, such as cartilage damage, rotator cuff tears, and shoulder impingement, carry a higher risk of complications & infections, such as temporary inflammation & swelling, and thus require trained medical personnel to perform safe & effective treatment. Moreover, the average cost of arthroscopic surgeries is very high, which leads to people not opting for such procedures. Hence, the high cost of these procedures is another potential restraint for market growth in the coming years.
Competitor Insight: Arthroscopy Devices Market
This report focuses on major market participants like:
- Arthrex Inc.
- Stryker Corporation
- Karl Sortz
- B Braun SE
- Richard Wolf Gmbh
- Conmed Corporation
- Zimmer Bionet
- Olympus
- Sklar
- Millennium Surgical
- GPC Medical
- Henke SaaS Wolf
- Double Medical Technology Inc.
- DePuy Synthes (Johnson & Johnson)
- Smith & Nephew
- Others
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Segmentation Summary: Arthroscopy Devices Market
This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Arthroscopy Devices Market, with notable highlighting on:
-By Application
- Knee
- Shoulder
- Spine
Here, the knee holds a strong position in the Global Arthroscopy Devices Market, primarily due to the growing prevalence of degenerative knee disease, driven by the rising elderly population worldwide, for which knee replacement procedure through arthroscopic knee surgery is the most common & only resort to alleviate the pain.
Moreover, the rising number of athletic knee injuries is another prominent aspect contributing to market growth. For instance, the US Centers for Disease Control and Prevention reported that approximately 32.5 million individuals were diagnosed with Osteoarthritis in 2020. Hence, the escalating incidence of joint disorders is positively impacting the expansion of the arthroscopy devices market as more & more patients seek minimally invasive procedures for such conditions.
-By Type
- Arthroscopes- Market Size & Forecast 2018-2028, (USD Million)
- Arthroscopic Implants- Market Size & Forecast 2018-2028, (USD Million)
- Fluid Management- Market Size & Forecast 2018-2028, (USD Million)
- Radio Frequency- Market Size & Forecast 2018-2028, (USD Million)
- Powered Shavers- Market Size & Forecast 2018-2028, (USD Million)
-By End-User
- Hospitals - Market Size & Forecast 2018-2028, (USD Million)
- Ambulatory Surgical Centers - Market Size & Forecast 2018-2028, (USD Million)
Arthroscopy Devices Market Geographical Reach:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Questions Addressed:
- Factors Driving Market Growth: Understand the primary drivers propelling the Arthroscopy Devices market forward.
- Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
- Growth Projections: Gain insights into anticipated growth projections for the coming years.
- Geographical Hotspots: Identify geographical poised for significant market growth soon.
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