NEW YORK, September 24, 2019 (Newswire.com) - The study covers the genre of healthcare with a special focus on medical devices for arthroscopy. Arthroscopy is a surgical procedure that orthopedics use to diagnose, visualize and treat several problems of the joints. It is applicable to knees, shoulders, wrists, hips, spines and temporomandibular joints. Unlike traditional open surgeries, arthroscopy doesn’t need to fully open the joints.
Originally, arthroscopy was designed simply as a visualizing and diagnosis machine. However, with rising technological advancements, arthroscopy was promoted from being a procedure to being a surgery. The tools and devices required for this surgery include arthroscopes, grasping tools, implants, shavers and fiber optics. A rise in people's preference towards less painful and less invasiveness during surgeries has been fueling the arthroscopic market. An increase in the geriatric population with arthritis problems has been a key driving factor of the market. However, the high costs of the surgery and lack of skilled surgeons, especially, in developing and underdeveloped countries have been a few of the major restraining factors.
According to the current analysis of Reports and Data, the global Arthroscopy market was valued at USD $3.89 billion in 2018 and is expected to reach USD $6.78 billion by the year 2026, at a CAGR of 6.3%.
Request a free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1525
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Arthroscopy market on the basis of type, application, end use, and region:
Type (Revenue, USD Million; 2016–2026)
- Arthroscope
- Implants
- Arthroscopy Shavers
- Visualization Systems
- Fluid Management
- Radio Devices
Application (Revenue, USD Million; 2016–2026)
- Knee
- Shoulder
- Spine
- Hip
- Wrist
- Temporomandibular Joints
End Use (Revenue, USD Million; 2016–2026)
- Hospitals
- Ambulatory surgical centers and clinics
Order Now: https://www.reportsanddata.com/checkout-form/1525
Regional Outlook: (Revenue, USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
Further key findings from the report suggest
- The rising cases of sports injuries, osteoarthritis, bone cancer etc. have been the key indicative metric for this market.
- Arthroscopy is a minimally invasive surgery. People's rising preference for minimal invasiveness has been a key driving factor for the market.
- With the rising technological advancements and the launch of new integrated devices and tools, the medical authorities are further encouraged to opt for this market.
- Enhanced healthcare tourism further fuels the growth of the market. For instance, the U.S. Healthcare tourism initiatives by the government through packages and deals inclusive of post-operative follow-up and easier visa approval has expected to propel the market growth over the forecast period.
- A lot of manufacturers and medical institutions are working on digitalization and are expected to take a digital leap in the near future and offer customized operation theaters that standardize and utilize imaging components. These centralized operation theaters are expected to integrate power instruments, fluid management system, endoscopes and cameras. Digital ORs are anticipated to gain popularity due to the reduced turnover time.
- High costs of the surgery, however, discourage a large chunk of population opt for this surgery. This is a major restraining factor for the market. However, the rising insurance facilities and financial aids provided by the government has brought a significant change.
- North America dominates the market with the largest market share due to the rising incidents of sports injuries among the population and the presence of advanced technological facilities. Europe, on the other hand, has the second-largest share in the market and is expected to rise at a CAGR of 6%. Asia-Pacific is the fastest-growing region, with a CAGR of 7.2% due to the rising technological developments and the increasing numbers of patients with problems in the emerging economies.
- Key players in the market include Stryker, Arthex Inc., DePuy Synthes Co., Arthrotek Inc., Smith & Nephew and ConMed Corp. Arthex Inc. is the leading manufacturer of arthroscopes and implants. Stryker and DePuy Synthes are the leading manufacturers of arthroscopy shavers.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/arthroscopy-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help clients make smarter business decisions. We offer market intelligence studies, ensuring relevant and fact-based research across multiple industries, including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existing in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-800-819-3052
Email: sales@reportsanddata.co
Source: Reports and Data
Share: