What is Arthroscopy Devices Market?

 

The major contributing factors to the overall burden of musculoskeletal conditions across the globe include fractures (436 million), osteoarthritis (343 million), other injuries (305 million), neck pain (222 million), amputations (175 million) and rheumatoid arthritis (14 million). Hence, the rising prevalence of degenerative bone disorders such as knee osteoarthritis and different musculoskeletal ailments is expected to aid in the product demand in the arthroscopy devices market as the number of arthroscopy procedures is said to increase owing to the rise in disease burden. 

Arthroscopy Devices Market Dynamics

Furthermore, the growing popularity of minimally invasive procedures has also been instrumental in driving the demand for arthroscopy procedures and eventually boosting the growth of the arthroscopy devices market. Compared to an ‘open’ surgery, arthroscopy surgeries offer faster healing time, less pain after operation, and ability to resume daily activities faster. This is one of the key factors resulting in the commendable growth of the arthroscopy devices market. 

However, complications associated with the arthroscopy procedures as well as a temporary setback in the product demand due to the COVID-19 pandemic are some impeding factors to the arthroscopy devices market growth.

What is the Arthroscopy Devices Market Forecast Analysis?

Arthroscopy Devices Market by Product Type (Arthroscopes, Arthroscopic Radiofrequency Systems, Fluid Management Systems, Arthroscopic Implants, and Others), by Application (Knee Arthroscopy, Hip Arthroscopy, Shoulder Arthroscopy, Ankle Arthroscopy, and Others), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World) 

In the product type segment of the arthroscopy devices market, arthroscopes are expected to account for a significant market share in the arthroscopy devices market. An arthroscope is a small tube which consists of lenses, a small video camera, and a light for facilitating in viewing of the operating area. The device is inserted into the body and helps in the visualization of operating area. The high demand for arthroscopes can be attributed to their essential purpose in the arthroscopy procedures due to their function as a visualization tool in arthroscopy procedures. 

Get Detailed Information @ Arthroscopy Devices Market Analysis

The demand for arthroscopy procedures is witnessing an increase due to the rising prevalence of musculoskeletal diseases, sports-related injuries, and other bone-related ailments. Additionally, the technological advancements in terms of better visualization capacity such as the incorporation of high-definition cameras in arthroscopes, such as full HD arthroscopes by Endomed Systems which offer a wider and clearer viewing field of the operating are are another aspect aiding in the growing demand for arthroscopes in the arthroscopy devices market during the forecast period.

Among all the regions, North America is expected to account for the largest share in the arthroscopy devices market. This increase in the North America arthroscopy devices market growth can be attributed to a number of factors such as increasing number of sports-related injuries, rising prevalence of osteoporosis, and the surging geriatric population.