LOS ANGELES, Sept. 19, 2022 (GLOBE NEWSWIRE) — The Global Arthroscopy Market Size accounted for USD 10.4 Billion in 2021 and is estimated to garner a market measurement of USD 19.1 Billion by 2030 rising at a CAGR of seven.3% from 2022 to 2030.
Arthroscopy Market Report Key Highlights
- Global arthroscopy market worth was USD 10.4 Billion in 2021 and anticipated to develop at CAGR of seven.3% from 2022 to 2030
- As per American Academy of Orthopedic Surgeons report, roughly 4 million knee arthroscopy surgical procedures are carried out worldwide
- North America arthroscopy market share occupied over 40% market share in coming years
- Asia-Pacific arthroscopy market development to rise with quickest CAGR over the projected years from 2022 to 2030
- Among product, arthroscope implants occupied over 35% of the general market share in 2021
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Report Coverage:
| Market | Arthroscopy Market | |
| Arthroscopy Market Size 2021 | USD 10.4 Billion | |
| Arthroscopy Market Forecast 2030 | USD 19.1 Billion | |
| Arthroscopy Market CAGR During 2022 – 2030 | 7.3% | |
| Arthroscopy Market Analysis Period | 2018 – 2030 | |
| Arthroscopy Market Base Year | 2021 | |
| Arthroscopy Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Product, By Application, And By Geography | |
| Arthroscopy Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Arthrex GmbH, CONMED Corporation, DePuy Synthes (Johnson & Johnson Family), Smith & Nephew plc, Stryker Corporation, Zimmer Biomet, and BioTek Instruments, Inc. | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
The main arthroscopy market pattern driving business development is the growing variety of arthroscopic procedures. Annually, roughly 1.6 million shoulder arthroscopic procedures are carried out, in accordance with the American Orthopedic Society for Sports Medicine. The quantity of arthroscopic procedures is anticipated to extend considerably with the combination of a number of technological advances and the introduction of improved variations.
Some of the Key Observations Regarding Arthroscopy Industry Include
- In December 2020, Arthrex GmbH introduced the discharge of a brand new product, the SwiveLock® ACL Repair Kit. The product is then cleared by the US Food and Drug Administration (USFDA). It is the primary and solely FDA-approved package for repairing anterior cruciate ligament (ACL) tears.
- DePuy Synthes introduced the launch of the Truespan meniscal restore system in May 2018, a knee arthroscopy resolution designed to simplify meniscal restore and make arthroscopy surgical procedures extra reproducible within the Middle East, Africa, and Europe
- Stryker Corporation introduced collaboration in December 2017 to supply high-quality, progressive biologics for sports activities drugs procedures. The collaboration motivates the businesses to make joint commitments to raised serve clients, assist sufferers in want, and totally honor the reward of tissue donation.
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Arthroscopy Market Segmentation
The arthroscopy market is split into product and software segments. The market is split into 4 product classes: ablation programs, powered shaver programs, arthroscopies, visualisation programs, arthroscopy implants, fluid administration programs, and equipment and disposables. Hip arthroscopy, knee arthroscopy, shoulder arthroscopy, foot and ankle arthroscopy, hand and wrist arthroscopy, elbow arthroscopy, and sports activities medicines are the applying segments of the arthroscopy market.
Sports-related accidents have accelerated the expansion of the arthroscopy market. According to the National Safety Council Fact Sheet, roughly 500,000 accidents had been reported within the United States in 2017 on account of basketball. Furthermore, in accordance with the Canadian Institute for Health Information (CIHI), over 74,888 sufferers underwent knee alternative surgical procedure in Canada between 2018 and 2019. As a results of the growing variety of sports activities accidents, the demand for arthroscopy surgical procedure is growing, as is the worldwide arthroscopy market.
Arthroscopy Market Regional Outlook
The international arthroscopy business is split into 5 areas: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa (MEA). North America leads the arthroscopy market, adopted by Europe. This is because of the excessive prevalence of joint-related problems, akin to sports activities accidents, osteoarthritis, joint-related problems, and others. Such elements contribute to the enlargement of the arthroscopy market in North America. Asia Pacific, nonetheless, will develop at a speedy tempo within the coming years, with a outstanding CAGR till the forecast interval. This is significantly aided by technological developments akin to the arrival of recent merchandise to the market. This strongly helps the enlargement of the APAC arthroscopy market.
The LAMEA area skilled important development when it comes to arthroscopy system adoption and is anticipated to develop at a outstanding CAGR of 6.5% over the forecast interval. Brazil is anticipated to develop quickly within the LAMEA arthroscopy market. This is basically because of the nation’s rising medical tourism business and elevated consciousness about using arthroscopic applied sciences. Furthermore, advances in arthroscopic system manufacturing firms investing within the LAMEA area propel regional development. Furthermore, excessive development in Brazil, Saudi Arabia, and South Africa, in addition to enhancements in healthcare companies, is anticipated to spice up the adoption of therapeutic and diagnostic arthroscopy programs throughout the LAMEA area.
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Arthroscopy Market Players
Some of the main arthroscopy firms working within the business embrace Arthrex GmbH, Zimmer Biomet, CONMED Corporation, Smith & Nephew plc, DePuy Synthes (Johnson & Johnson Family), Stryker Corporation, and BioTek Instruments, Inc.
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