The global arthroscopy devices market is prognosticated to grow at a notable pace in forthcoming years. Some of the leading firms in the market are Smith & Nephew, ConMed Corporation, Stryker Corporation, Arthrex Inc, and DePuy Synthes. These firms are investing in coming up with more effective and affordable arthroscopy devices in the global market. According to Transparency Market Research (TMR), the global arthroscopy devices market is anticipated to expand at a steady CAGR of 6% within the forecast period from 2013 to 2019. In 2012, the market was valued around worth of US$3.3 bn. This value is expected to reach around US$5.1 bn by 2019.
On the basis of type the global arthroscopy devices market is segmented into fluid management, implants, shavers, radiofrequency, visualization system, and arthroscopes. Among these, the arthroscopic implants system held the maximum market share, with a valuation of nearly around US$2.0 bn back in 2012. On the basis of geography, the North America market is expected to dominate the entire market with highest amount of share in 2012. The region is trailed by Asia Pacific and Europe.
Rise in Geriatric Population to Boost Market Demand
The arthroscopic methodologies are applied majorly on shoulder and knees. Nevertheless, due to technological advancements, the hip implants are also gaining attention. Along with this, the rise in elderly population who are comparatively more prone to trauma and fall injuries is another factor propelling the growth in global arthroscopy market. The arthroscopic process possess various benefits for example, reduced recovery time, minimal incision, shorter hospital stay, and less complications after the surgeries. These are the minimum invasive techniques which are preferred by most of the population in the world. These are some more driving factors fueling the demand for arthroscopy devices in the market.
The arthroscopic devices market has risen as one of the alluring sectors in the medical equipment department. A few years back, the orthopedics sector has experienced private equity exchanges, creative product launches, and various mergers which goes about as the key drivers for global arthroscopic devices market. Increase in geriatric people alongside headway in innovation particularly in healthcare and medical industry is likely to boost the global arthroscopy devices market. A developing geriatric population all over market.
Lack of Skilled Labor to Hinder Market Growth
Apart from this, the rise in the cases of obesity, which as a result is causing degradation of bones in the people’s body, surging the demand for arthroscopic treatment in developing nations, which provides a lucrative scope for business in future years. On the flipside, the lack of skilled professionals, along with increased cost of arthroscopic devices particularly in 3D implants and biodegradables are some of the factors hampering the over growth of market.
This analysis is based on a recent market research report by Transparency Market Research, titled, “Arthroscopy Devices Market (Arthroscopes, Arthroscopy Shavers, Arthroscopy RF systems, Arthroscopy Visualization Systems, Arthroscopy Implants, Arthroscopy Fluid Management Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”
- The rise in elderly population who are comparatively more prone to trauma and fall injuries is one of the factors propelling the growth in global arthroscopy market.
- Few years back, the orthopedics sector has experienced private equity exchanges, creative product launches, and various mergers which goes about as the key drivers for global arthroscopic devices market.
The global arthroscopy devices market is segmented into:
Arthroscopy Devices Market, By Types
- Arthroscopy Shavers
- Arthroscopy Fluid Management System
- Arthroscopy Radiofrequency System
- Arthroscopy Visualization System
- Arthroscopy Implants
Arthroscopy Devices Market, by Geography
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC