Global Arthroscopy Devices Market to register high growth and reach USD 6.2 BN by 2026
Posted On February 12, 2020
The Global Arthroscopy Devices Market value is expected to grow to USD 6.2 BN in 2026 from the market value of USD 4.2 BN in 2019 at a CAGR of 5.7% during the study period of 2020-2026, as stated in the published report by Value Market Research. The soaring preponderance of chronic diseases across the world and an increasing number of surgeries related to the spine are prominent factors predicted to drive the growth of the global market. Besides, rising accidents worldwide, linked with the growing emergency patients with chronic, level 3 grade wounds is stemming in boosting demand for arthroscopy devices in order to visualize and diagnose problems. These are the primary components foreseen to expand the growth of the global market to a great extent. Nonetheless, the high expenses of equipment’s can be a main factor anticipated to hinder the growth of the global arthroscopy market. Also, non-favourable compensation policy is another barrier predicted to restrict the growth of the global market.
Arthroscopy is a surgical method used to diagnose, visualize and cure the injury inside the joints. During the arthroscopic analysis, the surgeon inserts a pencil-sized tool into the sufferer’s skin. This tool has a light source and tiny lenses to illustrate and magnify the internal image of a joint. The light is carried with the help of optical fibres. The arthroscopy is linked with a screen which projects the inner structure of the joint. Fractures, sprains and dislocations are the most familiar sports wounds. The conventional aid suggested for these injuries includes RICE which stands for rest, ice, compression, and elevation. For severe injuries, arthroscopy could be recommended depending on the situation.
"Global Arthroscopy Devices Market Report By Type (Arthroscopic Implants, Arthroscope, Fluid Management Systems, Arthroscopic Shaver Systems, Arthroscopic Radio Frequency Devices, Arthroscopic Visualization, And Other), Application (Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years.
By product the global arthroscopy devices market is divided into arthroscopic implants, arthroscope, fluid management systems, arthroscopic shaver systems, arthroscopic radio frequency devices (RF Generator, RF Probes & Wands, and Footswitch), arthroscopic visualization and others. Arthroscopic implants assists in customized implants leading the growth curve among other products. Global arthroscopy devices market is divided on the basis of application as knee arthroscopy, hip arthroscopy, spine arthroscopy, foot & ankle arthroscopy, shoulder & elbow arthroscopy, and others. Knee arthroscopy grasped the highest market share mainly due to increasing geriatric population who are prone to knee related disorders.
The geographical segmentation of the report highlights the share of the revenue or/and volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. North America holds a strong position as it houses a large section of elderly population.
The Report Segments Global Arthroscopy Devices Market -
- Arthroscopic implants
- Fluid management systems
- Arthroscopic shaver systems
- Arthroscopic Radio Frequency Devices
- Arthroscopic Visualization
- Knee Arthroscopy
- Hip Arthroscopy
- Spine Arthroscopy
- Foot & Ankle Arthroscopy
- Shoulder & Elbow Arthroscopy
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Arthrex Inc., Bioventus LLC, Cannuflow Incorporated, Johnson & Johnson, KARL STORZ Ltd, NuOrtho Surgical, Inc., OrthoSpace, Richard Wolf GmbH, ROG, Smith & Nephew Plc., and Stryker.
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