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Arthroscopy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A2222
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Market Overview:
The global arthroscopy devices market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.
Arthroscopy devices refer to various medical equipment and tools that are used to visualize, examine and conduct therapeutic interventions inside various joints of the body. They are primarily used for the treatment of medical conditions, such as osteoarthritis, rheumatoid arthritis, tendonitis and bone tumor. Some of the commonly used devices during arthroscopy include arthroscope, implants, fluid management systems, radiofrequency systems, visualization systems, etc. These devices are usually attached with a small lens and are inserted into the patient’s body to examine the structures and abnormalities inside the joints. These devices find extensive application in the arthroscopy of the knee, hip, spine, ankle, shoulder, elbow, wrist and jaw.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The increasing prevalence of bone-related and musculoskeletal disorders is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population across the globe that is more susceptible to such ailments is also providing a boost to the market growth. There is an increasing preference for minimally invasive (MI) treatment procedures among the masses, which has led to the rising adoption of arthroscopy devices. Additionally, various innovations in the field of sports medicine and the development of technologically advanced product variants are also creating a positive outlook for the market. Product manufacturers are developing advanced arthroscopic devices to improve visualization with high-definition (HD) cameras, superior suturing techniques and customized suturing materials. Other factors, including rising health consciousness and awareness regarding the available treatment alternatives, along with the improving healthcare infrastructure, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global arthroscopy devices market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on device type, arthroscopy type and end-user.
Breakup by Device Type:
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- Arthroscope
- Arthroscopic Implant
- Fluid Management System
- Radiofrequency System
- Visualization System
- Others
Breakup by Arthroscopy Type:
- Knee Arthroscopy
- Hip Arthroscopy
- Spine Arthroscopy
- Shoulder and Elbow Arthroscopy
- Foot and Ankle Arthroscopy
- Others
Breakup by End-User:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic Clinics
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Arthrex Inc., CONMED Corporation, Johnson & Johnson Services Inc, Karl Storz SE & Co. KG, Medtronic Inc., Richard Wolf GmbH, Smith & Nephew plc, Stryker Corporation, Vimex Sp. z o.o., Zimmer Biomet Holdings Inc., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Device Type, Arthroscopy Type, End-User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Arthrex Inc., CONMED Corporation, Johnson & Johnson Services Inc, Karl Storz SE & Co. KG, Medtronic Inc., Richard Wolf GmbH, Smith & Nephew plc, Stryker Corporation, Vimex Sp. z o.o. and Zimmer Biomet Holdings Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global arthroscopy devices market was valued at US$ 4.6 Billion in 2022.
We expect the global arthroscopy devices market to exhibit a CAGR of 7.7% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective bone-related and musculoskeletal treatments for reducing the risk of the coronavirus infection upon hospital visits and interaction with medical devices, thereby negatively impacting the global market for arthroscopy devices.
The increasing prevalence of bone-related and musculoskeletal disorders, along with the rising demand for arthroscopy devices to visualize, examine, and execute therapeutic interventions inside the joints of the body, is primarily driving the global arthroscopy devices market.
Based on the device type, the global arthroscopy devices market can be categorized into arthroscope, arthroscopic implant, fluid management system, radiofrequency system, visualization system, and others. Currently, arthroscope accounts for the majority of the total market share.
Based on the arthroscopy type, the global arthroscopy devices market has been segregated into knee arthroscopy, hip arthroscopy, spine arthroscopy, shoulder and elbow arthroscopy, foot and ankle arthroscopy, and others. Among these, hip arthroscopy currently holds the largest market share.
Based on the end-user, the global arthroscopy devices market can be bifurcated into hospitals, ambulatory surgical centers, orthopedic clinics, and others. Currently, hospitals exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global arthroscopy devices market include Arthrex Inc., CONMED Corporation, Johnson & Johnson Services Inc, Karl Storz SE & Co. KG, Medtronic Inc., Richard Wolf GmbH, Smith & Nephew plc, Stryker Corporation, Vimex Sp. z o.o., Zimmer Biomet Holdings Inc., etc.
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