Global Arthroscopy Devices Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global arthroscopy devices market accounted approximate USD 3.4 billion in 2020 and it is expected to reach approximate USD 6.3 billion by 2030 with a CAGR of 6.4% during the forecast period. Additionally, it helps to avoid post-surgery difficulties, infection during surgery and significantly reduces patient recovery period. Arthroscopy is a medical device used to diagnose, visualize, examine and treat the problem inside the joints of the body such as knee, hip, spine, shoulder, elbow and others. Moreover, arthroscopic devices are rapidly adopted to examine the bone joints for specific conditions such as osteoarthritis, tendinitis and bone tumor.
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Market Dynamics and Factors:
Rising prevalence of chronic diseases across the globe and rising number of orthopedic surgeries are major factor anticipated to drive growth of global market. Moreover, favorable reimbursement policies in developed countries, increasing medical tourism in developing countries and developing healthcare infrastructure are the factors anticipated to drive growth of the market. Additionally, the growth in number of sports injuries where arthroscopy procedure avoids the total joint replacements and increase in demand for minimal invasive procedures is expected to boost the market growth. Increasing use of robotics creates more potential for global arthroscopic devices market. However, high cost of arthroscopic devices, implants and surgery is a major factor expected to restrain growth of the market. Additionally, absence of skilled professionals is restraining the growth of market. Technological advancement and R & D activities by major key players for development of advanced cost effective devices that aid in complicated surgeries is expected to create new opportunities to the market.
Market Segmentation:
Global Arthroscopy Devices Market – By Product Type
Arthroscopic Implants
Arthroscopes
Fluid Management System
Radiofrequency Systems
Visualization Systems
Other Arthroscopic Equipment
Global Arthroscopy Devices Market – By Application
Knee Arthroscopy
Hips Arthroscopy
Spine Arthroscopy
Foot & Ankle Arthroscopy
Shoulder & Elbow Arthroscopy
Others
Global Arthroscopy Devices Market – By End-Users
Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Global Arthroscopy Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is dominating the market and is anticipated to maintain same trend during the forecast period. According to research study the region accounted approximate 53% of global market share. Rising incidents of sports injuries among the population and the presence of advanced technological facilities in the region are driving factors for the market. Europe is the second largest share in the market. According to study, region is anticipated to rise at a CAGR of 6.1% during the forecast period. Asia Pacific is the fastest growing region and is anticipated to maintain same trend during forecast period. The region is accounted an approximate CAGR of 7.3% during the forecast period.
Competitive Scenario:
Some of the key players in global arthroscopy devices market are Arthrex Inc., Richard wolf GmbH, Johnson & Johnson, Zimmer Biomet Holdings Inc., Minlnvasive Ltd., NuOrtho Surgical Inc., Flexion Therapeutics, DJO Global Inc., Cannuflow Inc., Active Implants.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Arthroscopy Devices industry, although key threats, opportunities and disruptive technologies that could shape the Global Arthroscopy Devices Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Arthroscopy Devices Market most.
The data analysis present in the Global Arthroscopy Devices Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Arthroscopy Devices Market business.
The 2021 Annual Global Arthroscopy Devices Market offers:
100+ charts exploring and analysing the Global Arthroscopy Devices Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Arthroscopy Devices Market type
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