The arthroscopy devices market was valued at USD 5.0 Billion in 2021 and it is anticipated to grow further till USD 14.0 Billion by 2031, at a CAGR of 10.8% during the forecast period.
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An arthroscope is a device used in medicine to examine, diagnose, and treat bodily joints such the knee, hip, spine,shoulder, and elbow. Osteoarthritis, rheumatoid arthritis, tendinitis, and bone malignancies can all be detected using arthroscopy equipment. Due to an increase in sports injuries where arthroscopic surgery may be used to avoid complete joint replacements, the market for arthroscopic devices is anticipated to develop.
Major Players in the Global Arthroscopy Devices Market
The key players studied in the global arthroscopy devices are Arthrex, Inc., Conmed Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Medtronic, Plc, Richard Wolf GmbH, Smith & Nephew, Plc, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc. among others.
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Global Arthroscopy Devices Market Segmentation
By Type
- Arthroscopes
- Arthroscopic Implants
- Fluid Management Systems
- Radiofrequency Systems
- Visualization Systems
- Powered Shavers
- Others
By Application
- Knee Arthroscopy
- Hip Arthroscopy
- Shoulder & Elbow Arthroscopy
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
Market Trends and Drivers
The development of musculoskeletal conditions like osteoarthritis and rheumatoid arthritis increases the need for arthroscopy procedures as a result of the ageing population. The market for arthroscopy devices is also being driven by the increase in sports injuries that require arthroscopic operations to prevent total joint replacements. The expansion of the global market is also likely to be aided by favourable reimbursement policies in developed nations, an increase in medical tourism in developing nations, and expanding healthcare infrastructure. Over the course of the forecast period, arthroscopic implants are likely to maintain their dominance in the market for arthroscopy devices worldwide.
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