Global Market Study on Arthroscopic Devices : North America will Remain Most Lucrative Region in the Market During 2017-2022


Arthroscopic Devices Market
  • Published On : Sep-2017 |
  • Pages : 170 Pages |
  • Format :

Persistence Market Research (PMR), in its recent report titled “Arthroscopic Devices Market: Global Industry Analysis 2012-2016 and Forecast 2017-2022”, offers a comprehensive analysis on arthroscopic devices, encompassing their growth prospects across the globe. The report gives a detailed analysis of the global arthroscopic devices market, key trends influencing the market growth, market segmentation, regional analysis, and information about leading players competing in the market. Future prospects of the global arthroscopic devices market offered in the report have been derived by PMR’s analysts using accurate assumptions and proven research methodologies.

Structure of Report

The report begins with an executive summary of the global market for arthroscopic devices, providing a 360-degree view of the revenue forecasts, listing key trends and factors affecting the demand for arthroscopic devices. Rising geriatric population, increasing incidences of sports injuries, technological advancements and innovations, surging popularity of healthcare tourism, and government initiatives, are some factors propelling the growth of the market. However, high initial cost of arthroscopic devices, such as the biodegradable and 3D implants, and lack of skilled professionals are factors curbing growth of the market. The executive summary highlights the research findings compiled in the report, including insights about regional and product segments. In the next chapter, the report offers an introduction to the entire arthroscopic devices market, followed by the definition of arthroscopic devices.

In the subsequent chapters of the report, the Y-o-Y growth rates and market size forecasts have been offered, supported by the analysis macroeconomic factors. The report also analyzes the global arthroscopic devices market on the basis of raw material sourcing strategies, pricing & cost structure, supply chain breakdown, and presence of market participants across all regional segments. The report considers various aspects on the basis of secondary research to deduce the market size. Along with secondary research, reviewed information from PMR’s in-house panel of industry experts, and qualitative inputs from primary research are incorporated in the report to attain appropriate market estimates.

Market Taxonomy

Following the market introduction, key market segments considered in the report are portrayed using a taxonomy table. The global market for arthroscopic devices is segmented on the basis of product, application, end-user, and region. The report provides in-depth insights on all these segments.

Region

Product

End User

Application

North America

Arthroscopes

Hospitals

Knee Arthroscopy

Latin America

Arthroscopic Hand Instrument

Orthopedic Clinics

Hip Arthroscopy

Europe

Fluid Management Devices

ASCs

Spine Arthroscopy

Japan

Power Shaver Systems

Foot and Ankle Arthroscopy

APEJ

Radiofrequency Systems

Shoulder & Elbow Arthroscopy

MEA

Visualization Systems

Other Arthroscopy Applications

Others

The regional segmentation rendered in the report has further been extended on the basis of fastest growing and dominant countries included under the specific regions. The report includes chapters offering segmentation-wise forecast across all key parameters. These chapters also offer country-specific analysis & forecast, and cross-sectional data of the arthroscopic devices market, concluding with detailed profiling of leading market participants in the last chapter of the report. The last chapter unveils competitive landscape of the market, shedding light on latest developments in arthroscopic devices, and current conditions as well as future prospects of the players.

Research Methodology

For interpreting the market size, primary responses, and historical data have been analyzed thoroughly in the report. Revenues from global leaders in the arthroscopic devices market have been benchmarked to comprehend the market size for base year. Macroeconomic indicators, such as industry growth, are considered in the report for market size forecasts. Historical growth trends of end-use industries, present macroeconomic outlook, as well as information about performances of market participants are considered for deducing the overall market forecast. The data derived in the report is extensively scrutinized for reaching qualitative and quantitative insights about the global market for arthroscopic devices.

Arthroscopic devices are used by surgeons for examination of joint-related problems. These devices are essential for diagnosis and treatment of osteoarthritis, carpal tunnel syndrome, rheumatoid arthritis, and bone tumor. Arthroscopes, radiofrequency systems, visualization systems, fluid management devices, arthroscopic hand instrument, and power shaver systems fall under arthroscopic devices.

Commoditization of Arthroscopic Devices to Create Steady Revenue Generation for Manufacturers

A number of technological advancements have been witnessed in arthroscopic devices over the past few years. For example – in 2016, Zimmer Biomet introduced its Vanguard which is a total knee arthroplasty implant system, comprising two polyethylene bearings of different articulations on lateral and medial side of implants. Arthroscopic devices are largely commoditized in high volume as they require continuous replacement, creating a steady revenue generation for manufacturers. In addition, various innovations have been done on arthroscopy visualization systems, including the development of high definition & ultra-high definition video systems, enhancing visualization of a patient’s anatomy. The market for arthroscopic devices market has witnessed a paradigm shift from traditional surgeries to minimally invasive surgeries, owing to various complications related to conventional open surgeries. These factors might have a positive influence on the market growth.

arthroscopic devices market

Several governments are taking healthcare tourism initiatives through deals and packages inclusive of easier visa approvals, and follow-ups after the procedure. Arthroscopy is being witnessed to take a digital leap towards customization of operation theatres, which will utilize standardized imaging systems. These centralized operation theatres will integrate cameras, endoscopes, fluid management systems, and power instruments, thereby augmenting demand for arthroscopic devices. Other factors driving growth of the market include reduced hospital stay time post-treatment, lower risk of infections, faster results & recovery time, and affordability of the procedure, which have prompted surgeons in preferring arthroscopy procedures and devices. In contrast, absence of skilled professionals, and significant costs of arthroscopic devices, especially of the novel implants such as 3D and biodegradable implants, are expected to hinder the market growth in the upcoming years.

A new report published by Persistence Market Research (PMR) has projected the global arthroscopic devices market to register an impressive growth over the forecast period 2017 to 2022. The global market for arthroscopic devices is poised to account for approximately US$ 1,800 Mn revenues by 2022-end.

Visualization Systems to Gain Higher Traction during 2017 to 2022

On the basis of product type, visualization systems are expected to gain higher traction, with sales projected to reach nearly US$ 500 Mn by 2022-end. Growing demand for visualization systems can be highly attributed to integration of advanced technologies, such as the multi-light technology using the 4-light emitting diode, which enhances the video quality. In addition, although fluid management systems are expected to be the least attractive product in the market, their demand will witness a steady uptake over the forecast period.

ASCs and Hospitals are expected to witness a parallel expansion in the market, based on end-users. However, Hospitals are expected to remain comparatively more lucrative end-users of arthroscopic devices than ASCs across the globe.

Knee Arthroscopy & Hip Arthroscopy – Lucrative Applications of Arthroscopic Devices

Based on application, arthroscopic devices are expected to exhibit the largest application in knee arthroscopy and hip arthroscopy. This can be mainly attributed to growth in geriatric population, as older individuals are more prone to knee and hip injuries and disorders. Sales of arthroscopic devices for application in hip arthroscopy and knee arthroscopy are expected to account for over two-third revenue share of the market during 2017 to 2022.

North America will continue to dominate the global arthroscopic devices market, in terms of revenues. Increased prevalence of musculoskeletal disorders in this region has driven demand for technologically advanced arthroscopic devices. The surgeons and physicians in North America are gradually inclining towards adoption of robotic assistance for enhancing the success rate and overall surgical outcome.

Company Profile

  • Arthrex, Inc.
  • Stryker Corporation
  • CONMED Corporation
  • Smith & Nephew
  • Zimmer Biomet Holdings, Inc
  • Medtronic Plc
  • Wright Medical Group N.V.
  • Stryker Corporation
  • Richard Wolf GMBH
  • Others

 

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