“The Arthroscopy Devices Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to a rise in ageing population, rising technological advancements in medical and healthcare sector, increase in usage of robotics.
Precision Business Insights (PBI) in its report titled “Arthroscopy Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The arthroscopy devices market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased application in diagnosis process due to rise in ageing population, and rising technological advancement will create a demand for the growth of the arthroscopy devices market. However, lack of skilled professionals and a high cost of arthroscopic devices expected to dampen the arthroscopy devices market.
Arthroscopy devices market segmented on the basis of product type, application, and end user and geographical regions.
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Visualization System Segment Expected to Dominate the Market
On the basis of product type, visualization systems are expected to gain higher traction, with sales projected to reach nearly US$ XX Mn by 2025-end. Growing demand for visualization systems can be highly attributed to integration of advanced technologies, such as the multi-light technology using the 4-light emitting diode, which enhances the video quality. In addition, although fluid management systems are expected to be the least attractive product in the market, their demand will witness a steady uptake over the forecast period.
North America, Accounts for Major Revenue Share for Arthroscopy Devices Market
Precision Business Insights (PBI), arthroscopy devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share owing to rise in sports as the career, growing disposable income, improved healthcare funding and the large pool of the population. Due to the rise in medical tourism, growing awareness regarding usage and benefits of arthroscopy devices, increase in investments in the healthcare manufacturers are expected to fuel the growth of arthroscopy devices market in Brazil, Saudi Arabia and South Africa.
New Product Launch Play Vital Role in Arthroscopy Devices Market
Launch of the product will play an important role in the development of the arthroscopy devices market. For instance, in 2016 September, Vanguard total knee arthroplasty implant was launched by Zimmer Biomet and in 2016 February, Smith & Nephew and OrthAlign has entered into a multi-country distribution agreement for the distribution of total knee arthroplasty technology in various countries of the Middle East and Africa.
Key players in the market include Conmed Corporation (U.S), Arthrex, Inc. (U.S), KARL STORZ GmbH & Co. KG (Germany), Johnson & Johnson (U.S), Medtronic, Plc (U.S), Smith & Nephew, Inc.(U.S), Richard Wolf GmbH (Germany), Stryker Corporation (U.S), Zimmer Biomet Holdings, Inc. (U.S)., Wright Medical Group N.V.(U.S) to name some few.
By Product Type
o Arthroscopic implants
o Other instruments and accessories
o Foot and ankle
o Shoulder and elbow
By End Users
o Orthopaedic clinics
o North America
Rest of Europe
Rest of Asia Pacific
o Latin America
Rest of Latin America
o Middle East and Africa
Gulf Cooperation Council Countries(GCC)
Rest of MEA
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