The Infinium Global Research analyzes the Arthroscopy Instrument Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global arthroscopy instrument market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of arthroscopy instrument. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the arthroscopy instrument market during the period. The global arthroscopy instrument market is projected to grow at a CAGR of 5.9% over the forecast period of 2018-2024.
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Arthroscopic surgical instruments are designed to ease cutting and trimming with ergonomic designs and balanced weight. They are used in procedures such as hand, hip, knee, shoulder, and other small joint procedures. Arthroscopy is a surgical process implemented by orthopedic surgeons to visualize, diagnose, and treat the problems in joints. This process involves a small opening in the patient’s skin and inserts a small-sized pipe instrument that contains a small lens and the light source (fiber light) that is transmitted through fiber optics to examine the inside structure of joint. An Arthroscopy device is generally used to examine the bone joints for specific conditions such as rheumatoid arthritis, bone tumor, elbow pain, and osteoarthritis.
Osteoarthritis and Rheumatoid Arthritis Owing to Growth in the Aged Population and Technological Advancements are Driving Factors for the Arthroscopy Instrument Market
The growing occurrence of musculoskeletal disorders such as osteoarthritis and rheumatoid arthritis owing to growth in the aged population and technological advancements are driving factors for the Arthroscopy Instrument Market. Furthermore, increasing in the sports injuries where the arthroscopy process avoids the total joint replacements is projected to boost the market growth. Additionally, the arthroscopic implantation holds a leading share in the global arthroscopic devices market and is predictable to maintain its lead over upcoming years. Moreover, increasing demand for autonomous systems and robotics in arthroscopy instruments for nominally invasive surgeries and the development of healthcare expenses in developing countries acts as future opportunities for this market. But on the contrary, the high cost of arthroscopy instruments and underprivileged healthcare systems in developed and underdeveloped countries may restrain the growth of this market.
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North America has Dominated the Arthroscopy Instrument Market
In terms of geographic, North America has dominated the Arthroscopy Instrument Market followed by Europe and the Asia Pacific. In North America factors such as growing frequencies of joint-related diseases, high rate of sports-related surgery, and development of advanced surgical instruments are driving the growth of this market in the North America region. Further, improved reimbursement healthcare policies are facilitating growth in North America. The growth in the Europe region is due to the growing frequency of bone disorders and estimated government funding for research and development is expected to drive the growth in this market. In addition, as per the Arthritis Research U.K. in 2016, about 10 million people in the U.K. had a form of arthritis, and further, it was that above 86,000 hips and over 90,000 knee replacements take place every year. Some factors that boost the growth in the Asia Pacific region are increasing in the aged population and on-going progressive changes in healthcare infrastructure in the region.
Fastest Growing Segments in the Arthroscopy Instruments Industry
The report on the global arthroscopy instrument market covers segments such as product type, application, and end-user. On the basis of product type the global arthroscopy instrument market is categorized into arthroscopes, arthroscopic implants, fluid management systems, radiofrequency systems, visualization systems, power shaver systems, and another arthroscopy equipment. On the basis of application, the global arthroscopy instrument market is categorized into knee arthroscopy, hip arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder & elbow arthroscopy and other arthroscopy applications. On the basis of end user, the global arthroscopy instrument market is categorized into hospitals, ambulatory surgical centers & clinics and others.
Key Players in the Arthroscopy Instruments Industry
The report provides profiles of the companies in the global arthroscopy instrument market such as Arthrex, Johnson & Johnson, CONMED Corporation, Karl Storz GmbH, Medtronic, Richard Wolf GmbH, Smith & Nephew, Stryker Corporation, Wright Medical Group, and Zimmer Biomet.
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- Comprehensive analysis of global as well as regional markets of the arthroscopy instrument.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.