Global Arthroscopy Instrument Market Is Set For A Rapid Growth And Is Expected To Reach USD 10.14 Billion by 2032

14-Feb-2024 | Zion Market Research

Zion Market Research has published a new report titled “Arthroscopy Instrument Market by Product (Arthroscope, Arthroscopy Implants, Visualization Systems, Fluid Management Systems, RF Ablation Systems, and Powered Shaver's), by Application (Knee Arthroscopy, Shoulder Arthroscopy, and Others), and by End User (Hospitals and Ambulatory Surgery Centers & Clinics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032”. According to the report, the global arthroscopy instrument market accounted for USD 5.95 billion in 2023 and is expected to reach USD 10.14 billion by 2032, growing at a CAGR of around 6.10% between 2024 and 2032. 

Arthroscopy Instrument Market Size

An arthroscopy is a surgical procedure performed by orthopedic surgeons to visualize, diagnose, and treat problems in joints. The procedure involves a small incision in the patient’s skin and the insertion of a small pipe-sized instrument that contains a small lens and light source (fiber light) to examine the inside structure of the joint, the light is transmitted through fiber optics. An arthroscopy is usually performed for a torn meniscus, rheumatoid arthritis, cubital tunnel syndrome, elbow pain, problems, etc. Rising demand for robotics and autonomous systems in arthroscopy instruments for minimally invasive surgeries and expansion of healthcare expenditure in developing countries are acting as future opportunities for arthroscopy instrument manufacturers.

Browse the full "Arthroscopy Instrument Market by Product (Arthroscope, Arthroscopy Implants, Visualization Systems, Fluid Management Systems, RF Ablation Systems, and Powered Shavers), by Application (Knee Arthroscopy, Shoulder Arthroscopy, and Others), and by End User (Hospitals and Ambulatory Surgery Centers & Clinics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032"  report at http://www.zionmarketresearch.com/report/arthroscopy-instrument-market

Global Arthroscopy Instrument Market

High Popularity Of Autonomous Systems & Robotics To Propel Product Sales

“Escalating demand for autonomous systems and robotics in arthroscopy instruments for minimally invasive surgical procedures along with the expansion of the healthcare sector in emerging economies are likely to influence the growth of the arthroscopy instrument market in the years ahead,” says the author of this study. Apart from this, massive use of these devices in hospitals and ambulatory surgical centers & clinics is projected to boost the expansion of the arthroscopy instrument market in the coming years.

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 the 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.

Increase In Sports- Related Surgeries To Support Regional Dominance

Regionally, North America held the largest share of the global arthroscopy instruments market, owing to about 2 million sports-related surgeries performed each year in the U.S. only and the presence of key market players in the region. The high rate of sports-related surgeries and the enlarged popularity of modern surgical equipment are the main factors behind the dominance of the North American arthroscopy instrument market. The huge presence of renowned market players headquartered in North America is another significant factor that is supporting the growth of this regional arthroscopy instrument market. In addition, the rise in the patient population base and favorable medical reimbursement policies are likely to contribute significantly to the growth of the arthroscopy instrument market in North America.

Europe has the second-largest share of the arthroscopy instruments market due to the rising prevalence of bone-related disorders and government support for research and development. Asia Pacific region is expected to grow at the highest rate mainly due to rising demand for minimally invasive surgeries, a growing geriatric population, and expanding healthcare expenditure.

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.

This report segments the arthroscopy instrument market as follows:

Global Arthroscopy Instrument Market: Product Analysis

  • Arthroscope
  • Arthroscopy Implants
  • Visualization Systems
  • Fluid Management Systems
  • RF Ablation Systems
  • Powered Shavers 

Global Arthroscopy Instrument Market: Application Analysis

  • Knee Arthroscopy
  • Shoulder Arthroscopy
  • Others

Global Arthroscopy Instrument Market: End User Analysis

  • Hospitals 
  • Ambulatory Surgical Centers & Clinics

Global Arthroscopy Instrument Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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