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Global Arthroscopic Visualization Instruments Market: Overview

Endoscopy devices have evolved as a promising alternative to minimally invasive surgeries (MIS) and open surgeries. MIS are convenient for patients as well as hospitals, in that they allow quick recovery and reduce hospital stay. They also reduce chances of infections and post surgery complications such as excessive blood loss and infection at the surgery site. Arthroscopy is endoscopy surgery of joints such as knees, shoulder, wrist and others. In an arthroscopy surgery, a surgeon makes a small incision and inserts a rod shaped instrument that consists of a lens and illumination system for clear visualization of internal organs. A camera can also be attached to the arthroscope for better visualization. This method serves the purpose of diagnosis as well as treatment. Arthroscopy surgeries can be advised in cases of osteoarthritis or soft tissue repair such as anterior cruciate ligament (ACL) repair, posterior cruciate ligament (PCL) repair, Achilles tendon repair, labral tear, and others. These injuries are common during sports like football, rugby, tennis, basket ball, cricket where quick movements are common.

Global Arthroscopic Visualization Instruments Market: Segmentation

The field of arthroscopy is continuously evolving with the introduction of advanced technology, which makes it easier for surgeons to reach critical organs, provide better visualization and ergonomic working conditions. Arthroscopy visualization system consists of light source, a camera, and a medical monitor. A light source can be a light emitting diode (LED), xenon or halogen. Currently xenon light sources are widely used as they are lightweight and provide better illumination. To minimize the heat generated by light sources, light is transmitted inside the body through a fiber optic cable. Camera allows better visualization of the surgery process on screen and allows surgeons to save the video files for training and further references. Development in imaging technology has led to the use of high-definition (HD) and three-dimensional (3D) imaging technology to be used in medical field. HD technology provides a wider viewing angle with aspect ratio of 16:9. It also provides better clarity and better color contrast for enhanced visual quality. For HD imaging, all components in a visualization system including camera, monitor, camera control unit and others must be HD compatible. 3D endoscopy provides better depth perception because of its 3 dimensional view. 3D endoscopy also requires all visualization components to be compatible with 3D imaging. In spite of the advantages of 3D viewing, the market for 3D endoscopy is restricted because of the dizziness and eye strain caused to surgeons due to the difference in the view and the natural human eyesight. Nevertheless, although more expensive as compared to earlier 2D endoscopy and with smaller aspect ratio of 4:3, these devices have started capturing the global market.

Global Arthroscopic Visualization Instruments Market: Geographical Dynamics

The market is growing rapidly in Asia-Pacific where countries such as India, China, Japan, Malaysia and others hold great potential. Due to increasing awareness about medical facilities, improving medical services, and increasing preference for minimally invasive surgeries, the arthroscopy market is expected to grow rapidly in this region. Medical tourism is also propelling the market’s growth in Asia-Pacific. The growth will also be leveraged by the rising global aging population, which has increased the incidence of arthritis. Increasing health awareness and sports activities among elderly population have also been observed in the recent past. This has increased the incidence of sports injuries in the age group above 40 years of age. Key players in the market for arthroscopy visualization systems include Olympus, KARL STROZ, Richard Wolf, Stryker, Conmed, Smith & Nephew, and Wright Medical.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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