Global Arthroscopy Devices Market to Reach US$ 9.0 Billion by 2032, Bolstered by Growing Popularity of MI Procedures

March 25, 2021 | Healthcare

According to the latest report by IMARC Group, titled “Arthroscopy Devices Market Report by Device Type (Arthroscope, Arthroscopic Implant, Fluid Management System, Radiofrequency System, Visualization System, and Others), Arthroscopy Type (Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Shoulder and Elbow Arthroscopy, Foot and Ankle Arthroscopy, and Others), End-User (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, and Others), and Region 2024-2032,” the global arthroscopy devices market reached a value of US$ 4.9 Billion in 2023. Arthroscopy devices are utilized to visualize, examine, and execute therapeutic interventions inside the joints of the body. These devices are equipped with lighting systems and small lenses that enable surgeons to see the inner structure of the joints. They assist in examining specific conditions, such as rheumatoid arthritis, osteoarthritis, tendinitis, and bone tumor. They find extensive application in the arthroscopy of the hip, spine, knee, elbow, and shoulders. Some of the commonly used devices are radiofrequency systems, fluid management systems, implants, and visualization systems.

Global Arthroscopy Devices Market Trends:

The demand for arthroscopy devices is escalating on account of the increasing geriatric population and rising bone-related and musculoskeletal disorders. Moreover, the growing awareness about the available treatment alternatives, along with the improving healthcare infrastructure, is strengthening the growth of the market. Apart from this, due to the rising preference for minimally invasive (MI) treatment procedures, the demand for arthroscopy devices is increasing worldwide. Furthermore, the development of technologically advanced devices, which focus on improving visualization with high-definition (HD) cameras, customized suturing materials and superior suturing techniques, are strengthening the market growth. Additionally, innovations in the field of sports medicine are positively influencing the sales of these devices. Looking forward, the market value is projected to reach US$ 9.0 Billion by 2032, expanding at a CAGR of 6.8% during the forecast period (2024-2032).

Market Summary:

  • Based on the device type, the market has been segmented into arthroscopes, arthroscopic implants, fluid management systems, radiofrequency systems, visualization systems, and others.
  • On the basis of the arthroscopy type, the market has been divided into the knee, hip, spine, shoulder and elbow, foot and ankle, and other arthroscopies.
  • Based on the end user, the market has been categorized into hospitals, ambulatory surgical centers, orthopedic clinics, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Arthrex Inc., CONMED Corporation, Johnson & Johnson Services, Inc., KARL STORZ SE & Co. KG, Medtronic plc, Richard Wolf GmbH, Smith & Nephew PLC, Stryker Corporation, Vimex Sp. z o o and Zimmer Biomet Holdings, Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

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Global Arthroscopy Devices Market to Reach US$ 9.0 Billion by 2032, Bolstered by Growing Popularity of MI Procedures
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