Global Arthroscopy Devices Market By Product Type (Arthroscopy Fluid Management Systems, Arthroscopy Visualization Systems, Arthroscopy Implants, Arthroscopy Shavers, Arthroscopy RF Ablation Systems, Arthroscopy RF Wands), By Procedure Type (Shoulder Arthroscopic Procedures, Hip Arthroscopic Procedures, Knee Arthroscopic Procedures, Others), By End User (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, Community Hospitals), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa))- Industry Trends and Forecast to 2024
Global Arthroscopy Devices Market is expected to reach USD 14,957.97 million by 2024 from USD 7,886.20 million in 2016, at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Frequently Asked Questions?
- What will the market size be in 2024?
- What are the key factors driving the global market?
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- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
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Drivers: Global Arthroscopy Devices Market
- INCREASE IN GERIATRIC AND AGEING POPULATION
The rise in the geriatric population across the globe is a major factor driving the growth of arthroscopy. According to United Nation Population Fund (UNFPA) the population with age above 60 years comprises more than the 12.3% of global population and is expected to rise up to 20.0% of the global population by 2050. Due to growing geriatric population, the cases of acute and chronic diseases such as obesity, arthritis and others are rising. Older population is more prone to diseases such as infections, cardio metabolic risks, joint related issues and cancer leading to more number of surgeries, driving the growth of the arthroscopy devices market. of the number of surgical procedures vary across regions, ranging from 3383 operations per 100,000 in central Latin America to 6495 operations per 100,000 in western sub-Saharan Africa.
- INCREASE IN JOINT REPLACEMENT SURGERY
The increase in joint replacement surgery across the globe will drive the arthroscopy market. For instance, According to Canadian Institute for Health Information (CIHI), around 113,000 knee and hip surgeries are performed in Canada annually. The number of hip replacements surgery increased by 20.0% and number of knee replacement surgery increased by 20.3% from 2009 to 2015 in the country. Furthermore, as per Centers for Disease Control and Prevention (CDC), in U.S. 54.4 million adults were diagnosed with arthritis between 2013 and 2015 and the number is expected to reach 78.4 million by 2040.
TABLE OF CONTENTS GLOBAL ARTHOSCOPY DEVICES MARKET
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL ARTHROSCOPY DEVICES MARKET
1.4. CURRENCY AND PRICING
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
3. MARKET OVERVIEW
3.1.1. INCREASE IN GERIATRIC AND AGEING POPULATION
3.1.2. INCREASE IN JOINT REPLACEMENT SURGERY
3.1.3. INCREASE DEMAND FOR MINIMAL INVASIVE PROCEDURES
3.1.4. RISE IN SPORTS RELATED INJURIES
3.2.1. HIGH COST OF ARTHROSCOPIC DEVICES, IMPLANTS AND SURGERY
3.3.1. RISING OBESITY POPULATION
3.4.1. LOW REIMBURSEMENT RATE FOR ARTHROSCOPY SURGERIES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL ARTHROSCOPY DEVICES MARKET, BY PRODUCT TYPE
6.2. ARTHROSCOPY FLUID MANAGEMENT SYSTEMS
6.3. ARTHROSCOPY VISUALIZATION SYSTEMS
6.4. ARTHROSCOPY IMPLANTS
6.4.1. KNEE REPAIR IMPLANTS
22.214.171.124. SUTURE ANCHORS
126.96.36.199. KNOTLESS ANCHORS
188.8.131.52. INTERFERENCE SCREWS
6.4.2. SHOULDER REPAIR IMPLANTS
184.108.40.206. SUTURE ANCHORS
220.127.116.11. KNOTLESS ANCHORS
6.4.3. HIP REPAIR IMPLANTS
18.104.22.168. SUTURE ANCHORS
22.214.171.124. KNOTLESS ANCHORS
6.5. ARTHROSCOPY SHAVERS
6.6. ARTHROSCOPY RF ABLATION SYSTEMS
6.7. ARTHROSCOPY RF WANDS
7. GLOBAL ARTHROSCOPY DEVICES MARKET, BY PROCEDURE TYPE
7.2. SHOULDER ARTHROSCOPIC PROCEDURES
7.2.1. ROTATOR CUFF REPAIR
7.2.2. INSTABILITY REPAIR
7.2.3. SLAP REPAIR
7.2.4. DELTOID REPAIR
7.2.5. LABRAL RECONSTRUCTION
7.3. HIP ARTHROSCOPIC PROCEDURES
7.3.1. ACETABULAR LABRAL REPAIR
7.3.2. FEMORAL HEAD REPAIR
7.4. KNEE ARTHROSCOPIC PROCEDURES
7.4.1. ACL RECONSTRUCTION
7.4.2. PCL RECONSTRUCTION
7.4.3. CARTILAGE AND MENISCUL REPAIR
7.5. OTHERS ARTHROSCOPIC PROCEDURES
8. GLOBAL ARTHROSCOPY DEVICES MARKET, BY END-USER
8.3. AMBULATORY SURGICAL CENTERS
8.4. ORTHOPEDIC CLINICS
8.5. COMMUNITY HOSPITALS
9. GLOBAL ARTHROSCOPY DEVICES MARKET, BY GEOGRAPHY
9.2. NORTH AMERICA
9.5. SOUTH AMERICA
10. GLOBAL ARTHROSCOPY DEVICES MARKET, COMPANY LANDSCAPE
10.1. COMPANY SHARE ANALYSIS:
11. COMPANY PROFILE
11.1. ARTHREX, INC.
11.1.1. COMPANY OVERVIEW
11.1.2. COMPANY SNAPSHOT
11.1.3. PRODUCT PORTFOLIO
11.1.4. RECENT DEVELOPMENTS
11.2. SMITH & NEPHEW
11.2.1. COMPANY OVERVIEW
11.2.2. REVENUE ANALYSIS
11.2.3. PRODUCT PORTFOLIO
11.2.4. RECENT DEVELOPMENTS
11.3. ZIMMER BIOMET
11.3.1. COMPANY OVERVIEW
11.3.2. REVENUE ANALYSIS
11.3.3. PRODUCT PORTFOLIO
11.3.4. RECENT DEVELOPMENTS
11.4. CONMED CORPORATION
11.4.1. COMPANY OVERVIEW
11.4.2. REVENUE ANALYSIS
11.4.3. PRODUCT PORTFOLIO
11.4.4. RECENT DEVELOPMENTS
11.5.1. COMPANY OVERVIEW
11.5.2. REVENUE ANALYSIS
11.5.3. PRODUCT PORTFOLIO
11.5.4. RECENT DEVELOPMENTS
11.6.1. COMPANY OVERVIEW
11.6.2. REVENUE ANALYSIS
11.6.3. PRODUCT PORTFOLIO
11.6.4. RECENT DEVELOPMENTS
11.7. DEPUY SYNTHES (SUBSIDIARY OF JOHNSON & JOHNSON SERVICES, INC.)
11.7.1. COMPANY OVERVIEW
11.7.2. REVENUE ANALYSIS
11.7.3. PRODUCT PORTFOLIO
11.7.4. RECENT DEVELOPMENTS
Some of the major factors driving the market for global Arthroscopy devices market are increase in geriatric and ageing population, increase in joint replacement surgery, increase demand for minimal invasive procedures and rise in sports related injuries. These factors demand the Arthroscopy devices system which boosts the market growth.
High cost of arthroscopic devices, implants and surgery may hinder the growth of the market.
Many companies are increasingly focusing on technological advancement of Arthroscopy devices in order to strengthen their product portfolios in the Arthroscopy devices market.
Market Segmentation: Global Arthroscopy Devices Market
The global Arthroscopy devices market is segmented on the basis of components, products, application and services. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.
Based on product type, the global arthroscopy devices market is segmented into
- arthroscopy fluid management systems,
- arthroscopy visualization systems,
- arthroscopy implants,
- arthroscopy shavers,
- arthroscopy RF ablation systems and
- arthroscopy RF wands
The arthroscopy devices market is dominated by arthroscopes implants with 36.1% market share in 2016, growing with the CAGR of 8.4% in the forecast period. Arthroscopy implants are further segmented into shoulder repair implants, hip repair implants, knee repair implants and others repair implants. Shoulder repair implants are further sub segmented into suture anchors and knotless anchors. Hip repair implants are further sub segmented into suture anchors and knotless anchors. Knee repair implants is further sub segmented into suture anchors, knotless anchors and interference anchors.
On the basis of procedure type, the global arthroscopy devices market is segmented into
- knee arthroscopy procedure,
- shoulder arthroscopy procedure,
- hip arthroscopy procedure and
- other arthroscopy procedure
In 2017, the knee arthroscopy procedure segment is expected to dominate the market with 52.9% market share
On the basis of end users, the global arthroscopy devices market is classified into
- ambulatory surgical centers,
- orthopedic clinics and
- community hospitals
Among these, in 2017 hospital segment dominated the market and the trend is expected to remain the same till 2024.
Based on geography, the market is segmented into 5 geographical regions,
- North America,
- South America and
- Middle East and Africa
Top Competitors of Market
- Depuy Synthes (subsidiary of Johnson & Johnson Services, Inc.),
- Conmed Corporation and Zimmer Biomet
- Arthrex, Inc.,
- Wright Medical Group N.V.,
- Biotek (Chetan Meditech Pvt. Ltd.),
- GPC Medical Ltd,
- Vimex SP.
- Richard Wolf Gmbh,
- Karl Storz SE & CO.
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