Arthroscopy Instruments Market Explosive Growth Seen for Key Business Segments || Medtronic, KARL STORZ SE & Co. KG, Vimex Sp. z o.o.., B. Braun Melsungen AG, Olympus Corporation
The Global Arthroscopy Instruments Market is expected to rise from its initial estimated value of USD 4.41 billion in 2018 to an estimated value of USD 6.92 billion by 2026 registering a CAGR of 5.8% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and prevalence of demand of arthroscopy in these populations.
Few of the major market competitors currently working in the arthroscopy instruments market are Arthrex Inc., Smith & Nephew, DePuy Synthes, CONMED Corporation, Zimmer Biomet, , Medtronic, KARL STORZ SE & Co. KG, Vimex Sp. z o.o.., B. Braun Melsungen AG, Olympus Corporation, Richard Wolf GmbH, Sklar Surgical Instruments, Takeda Pharmaceutical Company Limited, GPC Medical Ltd, Wright Medical Group N.V., Active Implants, Bioventus, Orthofix Holdings Inc., Cannuflow, DJO Global, Flexion Therapeutics Inc., NuOrtho Surgical Inc., and OrthoSpace.
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Arthroscopy is a minimally invasive surgical procedure that is performed where examination or even treatment is performed through an endoscope or through an arthroscope. These procedures require a number of instruments to aid in the entire surgical procedures and such instruments are known as arthroscopy instruments.
Market Drivers:
- Rising geriatric population has increased the demand for these instruments as these population usually suffer from arthritis
- Constant innovations and advancements in the industry will act as a major market driver
Market Restraints:
- High cost of arthroscopy instruments is acting as a major restraint for the market
- Lack of trained professionals that can utilize completely these instruments is also acting as a major market restraint
Segmentation: Global Arthroscopy Instruments Market
- By Product
- Arthroscopes
- Arthroscopic implants
- Fluid management systems
- Radiofrequency systems
- Visualization systems
- Powered shavers
- By Application
- Knee
- Hips
- Spine
- Foot & ankle
- Shoulder & elbow
- Other
- By End-User
- Hospitals
- Ambulatory & surgical centers
- Clinics
- By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
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Key Developments in the Market:
- In December, 2017, DePuy Synthes launched Purevue visualization system imaging platform capable of use in minimally invasive surgery procedures
- In February, 2016, Smith & Nephew entered into a multi-country distribution agreement with OrthAlign Inc., for the distribution of Smith & Nephew’s Total Knee Arthroplasty (TKA) technology, KneeAlign.
Competitive Analysis: Global Arthroscopy Instruments Market
The global arthroscopy instruments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of arthroscopy instruments market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Primary Respondents:
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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