Arthroscopy Instrument Market - Global Industry Analysis

Arthroscopy Instrument Market

Arthroscopy Instrument Market Insights, Statistics & Forecast, 2032

Category: Healthcare Report Format : PDF Pages: 220 Report Code: ZMR-3198 Published Date: Feb-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 5.95 Billion USD 10.14 Billion 6.10% 2023

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An arthroscopy is a surgical procedure (minimally invasive) carried out to visualize, diagnose, and treat joint-related problems through an arthroscope. Surgeons observe and perform surgery using an arthroscope which is an endoscope that is inserted into a patient's bone joints to examine and treat a damaged region. An arthroscope consists of a small lens and the fiber optic light, camera, and monitor. The technique is carried out in knee joints, hips, shoulders, ankles, wrists, and elbow area. The arthroscope is a trusted and developing surgery method over the traditional method due to its less post-operational pain and reduced recovery period because of small incisions. The arthroscopy surgery is highly beneficial for the athletes and sportspersons.

The rising geriatric population and growing osteoarthritis prevalence have affected the quality of life and environmental interactions thus, the need for improvement has raised the demand for the global arthroscopy instruments market. Moreover, increasing preference for minimal invasive surgery (MIS) over traditional surgery due to innovative pain mapping process, least possible invasion area, and shorter recovery period have contributed to the growth of the arthroscopy instrument market. Additionally, growing ambulatory surgery centers, technically advanced instruments, and rising sports-related injuries are also driving the global arthroscopy instrument market. On the contrary, the high price of arthroscopy instruments, poor healthcare expenditure in low and middle-income countries, and lack of skilled professionals in developing countries limit the growth of the global arthroscopy instrument market.

Global Arthroscopy Instrument Market

Based on product, the arthroscopy instrument market is segmented into arthroscopes, arthroscopy implants, visualization systems, fluid management systems, RF ablation systems, and powered shavers. The arthroscopic implants segment holds the highest share of the global arthroscopy instrument market due to the use of implants in the majority of arthroscopic surgeries.

Based on application, the arthroscopy instrument market is segmented into knee arthroscopy, shoulder arthroscopy, and others (hip, wrist, elbow, foot, and ankle). The knee arthroscopy segment has contributed the highest share to the market growth and other segment is expected to grow with the highest CAGR due to the rise in hip surgeries and the growing availability of advanced instruments for complex hip surgeries.

Based on the end-user, the arthroscopy instrument market is segmented into hospitals and ambulatory surgical centers & clinics. In 2023, the hospitals segment accounted for the largest share of the global arthroscopy instrument market.

Some of the key players in the arthroscopy instrument market are Arthrex, DePuy Synthes, Smith & Nephew, CONMED, Stryker, Medtronic, Zimmer Biomet, B. Braun, Karl Storz, Olympus, MEDICON, Sklar, Millennium, and GPC Medical.

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