How Has the Arthroscopy Devices And Equipment Market Evolved Historically and What is its Current Size?
The arthroscopy devices and equipment market has seen considerable growth due to a variety of factors.
• In recent times, there has been significant growth in the market size of arthroscopy devices and equipment. The market, which was valued at $5.69 billion in 2024, is projected to reach $6.07 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%.
Factors such as the prevalence of orthopedic conditions, the popularity of minimally invasive surgery, the aging population, and advances in sports medicine have contributed to the growth observed in the historic period.
What Is The Projected Growth Of The Arthroscopy Devices And Equipment Market Size In The Coming Years?
The arthroscopy devices and equipment market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the market for arthroscopy devices and equipment will experience significant expansion in the coming years. The market is projected to reach $8.4 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%.
The growth during the forecast period is expected to be driven by factors such as the growth of emerging markets, regulatory support and reimbursement, the rise of telehealth and remote consultations, and a focus on value-based healthcare. Key trends projected for this period include the introduction and increase of augmented reality (ar) and virtual reality (vr), 3D imaging and printing, artificial intelligence (ai), and sustainable practices.
What Are the Critical Driver Fuelling The Arthroscopy Devices And Equipment Market's Growth?
As the elderly population grows, it is anticipated that this will propel the arthroscopy devices and equipment market. Elderly individuals are susceptible to various orthopedic disorders such as arthritis, rheumatoid arthritis, and osteoarthritis. As the population ages, the prevalence of conditions like osteoarthritis and other joint diseases often requires arthroscopic interventions for both diagnosis and treatment. For example, World Health Organization data from October 2022 indicates that 1 in 6 people worldwide will be aged 60 or above by 2030, and this number is expected to double (reaching 2.1 billion) by 2050. Thus, the expanding elderly population is expected to push the market forward within the forecast period.
What Are The Principal Market Segments In The Global Arthroscopy Devices And Equipment Industry?
The arthroscopy devices and equipment market covered in this report is segmented –
1) By Product: Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Radiofrequency System, Arthroscopy Visualization System, Arthroscopy Implants
2) By Application: Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, Other Applications
3) By End User: Hospitals, Ambulatory Care, Trauma Centers
Subsegments:
1) By Arthroscopes: Rigid Arthroscopes, Flexible Arthroscopes
2) By Arthroscopy Shavers: Electric Arthroscopy Shavers, Pneumatic Arthroscopy Shavers
3) By Arthroscopy Fluid Management System: Gravity-Based Fluid Management Systems, Pump-Based Fluid Management Systems
4) By Arthroscopy Radiofrequency System: Monopolar Radiofrequency Systems, Bipolar Radiofrequency Systems
5) By Arthroscopy Visualization System: Video Arthroscopy Systems, High-Definition Visualization Systems
6) By Arthroscopy Implants: Knee Arthroscopy Implants, Shoulder Arthroscopy Implants, Hip Arthroscopy Implants
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Which Emerging Market Trends Are Altering The Arthroscopy Devices And Equipment Industry?
Leading firms in the arthroscopy devices and equipment market are concentrating on creating cutting-edge devices like the Single-Use, 4K, Battery Operated Cordless Arthroscope. This effort aims to bolster surgical precision, augment patient results, lessen the probability of infections, and offer more flexibility and practicality during minimal invasive procedures. The Single-Use, 4K, Battery Operated Cordless Arthroscope, a healthcare device utilized in non-complex joint surgeries, is created to give surgeons high-definition, live imagery. For instance, in November 2022, Integrated Endoscopy, a medical device manufacturer based in the US, introduced their Gen II NUVIS Single-Use, 4K, Battery Operated Cordless Arthroscope. This significant leap in arthroscopic surgical technology aims to overcome the drawbacks of conventional reusable arthroscopes by providing superior image quality and functional efficiency.
Who Are the Key Players In The Arthroscopy Devices And Equipment Market?
Major companies operating in the arthroscopy devices and equipment market include:
• Arthrex Inc.
• Smith & Nephew plc
• ConMed Corporation
• Stryker Corporation
• Medtronic plc
• Karl Storz SE & CO. KG
• ArthroCare
• Richard Wolf GmbH
• DePuy Synthes Companies
• Aesculap AG & Company
• CorTek Endoscopy
• Aurora Spine Corporation
• Agilent Technologies Inc.
• Vimex SP. Z O. O
• Cannuflow Inc.
• Wright Medical Group N.V.
• Zimmer Biomet Holdings Inc.
• GPC Medical Ltd.
• Breg Inc.
• Performance Health International Limited
• Bauerfeind AG
• Mueller Sports Medicine
• RTI Surgical Holdings
• Bioventus LLC
• MedicalExpo
• Outcare Medical Devices Pvt. Ltd.
What Are The Regional Insights Into The Arthroscopy Devices And Equipment Market?
North America was the largest region in global arthroscopy devices and equipment market in 2023. Western Europe was the second-largest region in global arthroscopy devices and equipment market. The regions covered in the arthroscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
