Global Arthroscopy Devices Market Research Report: Forecast (2023-2028)
By Type (Arthroscopes, Arthroscopic Implants, Fluid Management, Radio Frequency, Powered shavers), By Application (Knee, Shoulder, Spine, Other), By End-User (Hospitals, Ambulatory...Surgical Centers), By Region (North America, South America, Europe, The Middle East & Africa, Asia Pacific), By Company (Arthrex Inc, Stryker corporation, Karl sortz, B.Braun SE, Richard Wolf Gmbh, Conmed Corporation, Zimmer Bionet, Olympus, Sklar, Millenium Surgical, GPC Medical, Henke SaaS Wolf, Double Medical Technology Inc., Smith& Nephew, DePut Synthes, Others) Read more
- Healthcare
- Jul 2023
- 195
- PDF, Excel, PPT
Market Definition
Arthroscopy devices refer to the instruments, tools, and equipment used in the field of arthroscopy, which is a minimally invasive surgical procedure performed to diagnose and treat various joint-related conditions. Arthroscopy involves the insertion of a small, flexible fiber-optic camera called an arthroscope through a small incision or portal into the joint space. This camera allows the surgeon to visualize the interior of the joint on a monitor and perform necessary surgical interventions.
Market Insights & Projections: Global Arthroscopy Devices Market (2023-28):
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. The increasing prevalence of joint diseases worldwide, driven by sedentary lifestyles and a lack of physical activity, especially among the geriatric population, is driving the need for minimally invasive arthroscopy surgeries globally. Moreover, as the median age of the global population continues to rise, there is a corresponding increase in the incidence of degenerative bone disorders like arthritis and osteomyelitis among individuals.
- According to the World Health Organization (WHO), the global population aged 60 & above was approximately 1.4 billion in 2020, and this number is projected to double to around 2.1 billion by the end of 2050. This demographic shift is contributing to a growing burden of bone & joint disorders, creating a greater demand for arthroscopy surgeries among patients.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2018-21 |
Base Year: 2022 | |
Forecast Period: 2023-28 | |
CAGR (2023-2028) | 6.8% |
Regions Covered | North America: US, Canada, Mexico |
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
South America: Brazil, Argentina, Rest of South America | |
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA | |
Key Companies Profiled | Arthrex Inc, Stryker corporation, Karl sortz, B.Braun SE, Richard Wolf Gmbh, Conmed Corporation, Zimmer Bionet, Olympus, Sklar, Millenium Surgical, GPC Medical, Henke SaaS Wolf, Double Medical Technology Inc., Smith& Nephew, DePut Synthes, Others |
Market Value (2022) | USD 9.8 Billion |
Furthermore, the increasing incidence of degenerative bone disorders like knee osteoarthritis and various musculoskeletal conditions is another crucial aspect expected to drive the demand for arthroscopy equipment. This is primarily due to the rise in arthroscopy procedures resulting from the growing disease burden.
- According to the World Health Organization, 2023, there is a high global prevalence of musculoskeletal conditions, affecting approximately 1.71 billion people.
Among these conditions, low back pain is identified as the primary contributor to the overall burden of musculoskeletal ailments. Other major factors contributing to this burden include fractures (436 million cases), osteoarthritis (343 million cases), neck pain (222 million cases), amputations (175 million cases), and rheumatoid arthritis (14 million cases). As these surgeries require arthroscopy surgeries to fix bone issues, the demand for arthroscopy instruments is constantly rising globally.
Global Arthroscopy Devices Market Driver
Mounting Incidence of Trauma & Sports Injuries: Sports necessitate high-intensity physical exertion at the professional level, which can often result in player injuries. These injuries range from minor to major, requiring clinicians to employ arthroscopy for diagnosis and treatment. In view of this need, several sports authorities have partnered with specialized orthopedic clinics, such as Atlantic Orthopaedic, Scripps Clinic Medical Group, etc. These clinics focus on sports injuries and offer minimally invasive arthroscopy surgeries. As a result, the growing incidence of sports injuries and the presence of improved healthcare facilities in sports institutions are positively influencing the demand for arthroscopic equipment in the market. For instance:
- In 2023, House of Sports partnered with Becker Healthcare Orthopaedic & Neurosurgery Specialist for their athlete’s physical health.
- In 2022, AFC Mobile partnered with Alabama Orthopaedic Clinic to provide the team with high-quality healthcare facilities.
Global Arthroscopy Devices Market Growth Opportunity
Advancements in Arthroscopy Devices: With the growing prevalence of joint-related diseases such as meniscal tears, shoulder impingement, cartilage damage, etc., arthroscopy device manufacturers are actively making R&D efforts to bring more effective products to the market. They are integrating advanced features like 4K cameras, knotless sutures, etc., into these devices to improve surgical procedures.
For instance, in 2021, Smith+ Nephew introduced new technologies for its INTELLIO Connected Tower Solution, including the DOUBLEFLO Inflow/Outflow Pump and 4K (Optimized) Arthroscopic device. These advancements in arthroscopy instruments are aimed at delivering better surgical outcomes, attracting patients who may have been hesitant to undergo open surgeries. Thus, the availability of minimally invasive arthroscopy surgeries, made possible by these enhancements, is expected to spur growth in the global arthroscopy devices market over the coming years.
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.
The high cost of these procedures is already a factor, and if the availability of skilled professionals is limited, it can further impact the adoption rate of arthroscopy equipment among end-users. This can have implications for hospitals, as they may face challenges in performing these surgical procedures, ultimately affecting the revenue & utilization of arthroscopic instruments.
Global Arthroscopy Devices Market Trend
Rising Utilization of Single-use Arthroscopes: Single-use arthroscopes in hospitals & surgical centers have gained significant traction in recent times, backed by the drawbacks associated with traditional arthroscopes that require reprocessing & sterilization, which are both time-consuming & costly. In response, arthroscope device manufacturers are actively focusing on developing single-use scopes that offer a more efficient alternative for clinicians during procedures. For instance:
- In 2023, Pristine announced the FDA clearance of its 4K Single-Use Surgical arthroscope.
These advancements in single-use arthroscopes are anticipated to positively impact their demand in hospitals and, consequently, spur growth in the Global Arthroscopy Devices Market over the forecast years.
Global Arthroscopy Devices Market (2023-28): Segmentation Analysis
The Global Arthroscopy Devices Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:
Based on Type:
- Arthroscope
- Arthroscopic Implants
- Fluid Management
- Radio frequency
- Powered Shavers
Among all, Arthroscopes are expected to account for a substantial share of the Global Arthroscopy Devices Market during 2023-28. Their high demand owes to their crucial role as a visualization tool in arthroscopy procedures. The rising prevalence of musculoskeletal diseases, such as osteoarthritis, rheumatoid arthritis, gout, etc., is leading to an increasing number of arthroscopy procedures globally. As of 2022, there were approximately 1.71 billion population worldwide suffering from musculoskeletal conditions, cites the World Health Organization (WHO).
Moreover, advancements in arthroscopes by companies like Arthrex, Karl Sortz, etc., also contribute to their mounting demand in the global market. For instance, the integration of high-definition quality cameras into arthroscopes offers improved visualization with wider & clearer viewing fields, which enhances the surgeon's ability to perform procedures accurately and results in better patient outcomes.
Based on 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.
Global Arthroscopy Devices Market Regional Projection:
Geographically, the Global Arthroscopy Devices Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-pacific
Of all regions globally, North America holds the largest share of the Arthroscopy Devices Market. It ascribes to the growing prevalence of arthritis, osteoporosis, etc., coupled with the surging geriatric population in the region. According to the Centers for Disease Control and Prevention, an estimated 67 million individuals in the country are likely to be medically diagnosed with arthritis by 2025, reaching 78 million by 2045. Moreover, the US & Canada have among the most well-endowed healthcare infrastructures in the world, with supportive reimbursement programs that cover the costs of devices & medical procedures.
For instance, in 2022, the US Department of Health and Human Services (HHS) invested around USD 98.9 million in improving health coverage through programs like the Marketplace, Medicaid, and the Children's Health Insurance Program (CHIP). These efforts aim to make healthcare services more equitable & accessible to everyone, i.e., supporting the growth of the North America Arthroscopy Devices Market.
Global Arthroscopy Devices Industry Recent Developments:
- In 2022, Arthrex & Richard Wolf announced a partnership to offer comprehensive technology and product offerings in surgical procedures.
- In 2022, Formus Labs, a New Zealand-based start-up that makes fully automated 3D orthopedic surgery planning software, announced that it had raised USD5 million and struck a partnership with Zimmer Biomet for co-development & global distribution of its technology.
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- Global Arthroscopy Devices Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
- This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
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- The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.
Frequently Asked Questions
Global Arthroscopy Devices Market Research Report (2023-2028) - Table of Contents
- Market Segmentation
- Introduction
- Market Definition
- Research Process
- Assumptions
- Executive Summary
- Global Arthroscopy Devices Background and Overview
- Global Arthroscopy Devices Market Trends & Developments
- Global Arthroscopy Devices Market Dynamics
- Drivers
- Challenges
- Global Arthroscopy Devices Market Patent Analysis
- Global Arthroscopy Devices Market Porter Five Analysis
- Global Arthroscopy Devices Market Guidelines and Standards
- Global Arthroscopy Devices Hotspot and Opportunities
- Global Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Size & Analysis
- 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 Application
- Knee- Market Size & Forecast 2018-2028, (USD Million)
- Shoulder- Market Size & Forecast 2018-2028, (USD Million)
- Spine- Market Size & Forecast 2018-2028, (USD Million)
- Other (Hip, Elbow)- 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)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- By Competition
- Competition Characteristics
- Market Share Analysis
- By Type
- Market Size & Analysis
- North America Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Application- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Canada Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Mexico Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- South America Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Application- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Argentina Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Application - Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Germany Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- The UK Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- France Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Spain Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Italy Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- The Middle East & Africa Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Application- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- The UAE
- Saudi Arabia
- Egypt
- South Africa
- Rest of Middle East & Africa
- The UAE Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Saudi Arabia Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Egypt Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- South Africa Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Application- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- China Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Japan Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- India Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- South Korea Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Australia Arthroscopy Devices Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type- Market Size & Forecast 2018-2028, USD Million
- By End-User - Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Arthroscopy Devices Market Key Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- Arthrex Inc.
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Stryker Corporation
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Karl Sortz
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- B Braun SE
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Richard Wolf Gmbh
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Conmed Corporation
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Zimmer Bionet
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Olympus
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Sklar
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Millennium Surgical
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- GPC Medical
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Henke SaaS Wolf
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Double Medical Technology Inc.
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DePuy Synthes (Johnson & Johnson)
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Smith & Nephew
- Business Description
- Type Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others.
- Others
- Arthrex Inc.
- Company Profiles
- Disclaimer