Arthroscopy is a minimally invasive surgical procedure performed by surgeons to visualize, diagnose and treat the joint related disease. The surgeon makes a small incision through which they insert the probe contain a small lens and lightening system to visualize the inside structure. The arthroscopic surgery is performed to treat the acute or chronic injury related to knee, shoulder, hip and wrist by avoiding post-surgery complications, infection and appears minimum scars at surgery site. There are various applications of arthroscopy devices in knee, shoulder and hip implantation and among these knee implantation contributes the major market share followed by shoulder implantation supported by the increase in cases of knee and shoulder replacement surgery procedures worldwide due to increase in number of obese and aging population.

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Market Dynamics

Rapid advancements in technology has led to increasing adoption of arthroscopy devices, in turn creating a highly conducive environment for growth of the market. It is expected that North America and Asia-Pacific region will show high growth rate during the forecast period, mainly due to increasing geriatric population and growing number of injuries necessitating knee and shoulder surgery. The surgery is especially preferred by sportspersons, due to its low recovery time and minimally-invasive nature. Also, the growth is supported by increased rate of knee surgery. The leading cause behind increased rate of joint pain is overweight and aging population.

High cases of joint replacement surgery is leading the growth of arthroscopy devices market in North America

Increasing incidence of joint replacement in North America is providing opportunity for the growth of arthroscopy devices market. According to Canadian Institute for Health Information (CIHI), around 113,000 knee and hip surgeries are performed in Canada annually. According to the same source, during the period 2009 to 2015, knee replacement surgery and hip replacements surgery increased by 20.3% and 20% respectively. According to Centers for Disease Control and Prevention (CDC), in the U.S. during 2013-2015 nearly 54.4million adults were diagnosed with arthritis and it is expected to reach 78.4million by 2040. These instances will increase the sale of arthroscopy devices in the near future.

The global arthroscopy devices market was valued at US$ 3,910.7 million in 2016 and is expected to witness a robust CAGR of 5.4% during the forecast period (2017 – 2025).

Competitive Landscape

Key companies covered as a part of this study include Smith & Nephew, Olympus Inc., Karl Storz, Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o. and DePuy Synthes Inc.

Detailed Segmentation:

Global Arthroscopy Devices Market, By Product Type:

Arthroscopes

Arthroscopy Shavers

Arthroscopy Fluid Management System

Arthroscopy Implants

Arthroscopy Radio Frequency Systems

Arthroscopy Visualization Systems

Global Arthroscopy Devices Market, By Therapeutic Application:

Knee Implants

Shoulder Implants

Hip Implants

Others

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Worldwide Market Reports added Latest Research Report titled “Arthroscopy Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis”to its Large Report database.

The Global Arthroscopy Devices Market was valued at US$ 3,910.7 million in 2016 and is projected to expand at a CAGR of 5.4% during the forecast period (2017-2025), as highlighted in a new report published by Coherent Market Insights. Increasing number of knee implantation and hip implantation procedure is supporting growth of the arthroscopy devices market.
Arthroscopy being a minimally invasive surgery, significantly reduces patient recovery time, decreases chances of infection during surgical procedure, and curtails bleeding during surgery. Being a largely outpatient surgical procedure, the patient needs to stay in the hospital for just a few days, with the procedure itself lasting for a few hours. Therefore, the preference for arthroscopic procedures is increasing instead of general/open surgical procedure. Furthermore, wide adoption of technologically advanced implants such as cementless prosthetics are also supporting growth in number of people opting for such implantations. The other factors related to the growth of implantation are alarming increase in rate of road accidents and growing obese population worldwide leading to the growth of knee pain, fractures and osteoarthritis which also known as degenerative joint disease.

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As per the stats published by Centers for Disease Control and Prevention, around 54.4 million people in U.S. were suffering from some form of arthritis and rheumatoid arthritis in 2013-2015. This number is expected to increase to around 78 million by 2040. Therefore, it is estimated that this factors will support the growth of arthroscopy devices market in the near future.
Arthritis is a highly prevalent disease, with prevalence rate increasing steadily. For instance, as per data published by Arthritis Foundation, in U.S., arthritis affects 1 in 4 adults and its prevalence increased by 22.7% during 2010-2012. Furthermore, the prevalence of severe joint pain was 27% among adults with arthritis in 2016, with prevalence especially high among people ages 64 years and above.
Also, as per Arthritis Foundation, the number of adults suffering from severe joint pain increased from 10.5 million in 2002 to 14.6 million in 2014, in the U.S.
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Also, other factors driving growth of arthroscopy devices market is increasing number of arthroscopy procedures due to sport injuries. Athletes and sportspersons are inclined towards opting for arthroscopy surgery for treatment of sports related injuries, as the recovery time associated with it is relatively less. As per stats published by Orthopaedic Institute, Stuart Gold, M.D., Inc., over 600,000 arthroscopy surgeries are performed every year and knee arthroscopy surgery contributes over 80% of the total procedures. Arthroscopic knee surgery is commonly used to treat patella-femoral syndrome.
Major players in the arthroscopy devices market are focusing on introducing various technological advancements in their products. For instance, Vimex Sp. z o.o. - a leading arthroscopy device manufacturing company - provides wireless footswitch to operate the shaver during surgical procedure also the shaver automatically get connect with the handpiece and set of previously used instruments and it has counter-wise and counter-clockwise rotation modes, which help to increase the efficiency of instrument during procedure.
Key takeaways of the market:
• The global arthroscopy devices market is expected to expand at a CAGR of 5.4% during the forecast period (2017-2025). Technological advancements in devices is expected to favor the demand for arthroscopy devices over the forecast period.
• The arthroscopy implants segment in the global arthroscopy devices market was estimated to be the largest in 2016 and is expected to retain its dominance in the market throughout the forecast period in terms of value closely followed by arthroscopy visualization systems. Rise in cases for joint pain and knee surgery globally is projected to support the growth for arthroscopy devices market in the near future.
• The market in North America is expected to expand at a significant CAGR of 4.7% during the forecast period, owing to more installations of arthroscopy devices
• The global arthroscopy devices market is characterized by strategic research and development and advancements in the arthroscopy devices
• Some of the major players in the global arthroscopy devices market are Smith & Nephew, Olympus Inc., Karl Storz, Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o. and DePuy Synthes Inc.

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