Global Arthroscopy Instrument Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Arthroscopy Instrument Market 2021 (Includes Business Impact of COVID-19)
Global Arthroscopy Instrument Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global arthroscopy instrument market report has been segmented on the basis of product, application, end user, and region.
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The global Arthroscopy Instrument market size was valued at USD $4.37 billion in 2020 and is projected to reach USD $7.55 billion by 2030, and is anticipated to expand at a CAGR of 5.55% over the forecast period from 2020 to 2030.


Global Arthroscopy Instrument Market: Overview


Arthroscopy is also known as keyhole surgery or arthroscopic. It is a type of minimal invasive surgery on joints that is performed to examine and treatment of damages in the joints. Arthroscopy is widely used to treat several knee problems. The instruments used during an arthroscopy surgeries are very small that makes small incision in the skin. In addition, they are used in surgical procedures including knee, shoulder, hand, hip, and other small joint procedures.


Global Arthroscopy Instrument Market: Dynamics


Rising geriatric population and increasing incidences of chronic diseases are key factors expected to drive the revenue growth of the target market over next 10 years. According to the 2017 data published by the United Nation, estimated that nearly 962 Mn people are aged 60 and above, comprising of 13 % worlds population.

In addition, increasing health care expenditure, Higher demand for minimal invasive surgical/operating room procedures, improving medical facilities, are some of the factors boosting the demand for the arthroscopy instrument worldwide.

However, high cost of arthroscopy instrument is a factor expected to hamper the growth of the target market to a certain extent.


Global Arthroscopy Instrument Market: Segment Analysis


On the basis of product segment, arthroscope is expected to register fastest growth rate over the forecast years, due to multiple usage of this instrument after sterilization. On the basis of application segment, knee arthroscopy segment is expected to witnessed high revenue share. This is primarily to, growing prevelance knees related disorders among the elderly population. On the basis of end user segment, hospital is expected to dominate the market over the forecoming years.


Global Arthroscopy Instrument Market: Trends


The prominent players are focusing on broadening marketing and strengthen its distribution channels for increasing the outreach of their products in various hospitals and clinics, and is the key trend witnessed in the target market.

For instance, in January 2018, Arthroscopy Association of North America (AANA) and VirtaMed AG signed 2-year collaboration agreement for virtual reality simulation training.

In March 2017, DePuy Synthes Mitek Sports Medicine introduces, which is a US-based company launched new suite of knee arthroscopy solutions to aid in improving operating room efficiency.


Global Arthroscopy Instrument Market: Regional Analysis


In 2018, the markets in North America accounted largest market share in the target market. This is primarily attributed to rising incidences of joint-related diseases and high adoption rate of minimal invasive devices and instruments in countries in the region. According to the American Orthopedic Society for Sports Medicine, estimated that approximately 4 million people had undergo knee arthroscopies in 2016. The market in Asia Pacific is expected to gain highest growth rate, due to growing awareness regarding minimal invasive surgeries and higher healthcare expenditure of people in countries such as China and India in the Asia Pacific region.

Global Arthroscopy Instrument Market Segmentation:

Segmentation by product:

  
Arthroscopy Implants
  
Arthroscope
  
Visualization Systems
  
RF Ablation Systems
  
Motorized Shavers
  
Fluid Management Systems

Segmentation by application:

  
Knee Arthroscopy
  
Shoulder Arthroscopy
  
Other Arthroscopy Applications (include hips, wrist, spine, etc.)

Segmentation by end user:

  
Hospitals
  
Ambulatory Surgical Centers & Clinics


Key Market Players included in the report:


  
Arthrex (US)
  
B. Braun Melsungen AG
  
CONMED Corporation
  
Depuy Synthes Companies
  
GPC Medical (India).
  
Karl Storz GmbH
  
MEDICON (Germany)
  
Medtronic (Ireland)
  
Millennium (US)
  
Olympus (Japan)
  
Richard Wolf (Germany)
  
Sklar (US)
  
Smith & Nephew (UK)
  
Stryker Corporation
  
Takeda Pharmaceutical Company Limited
  
Wright Medical Group
  
Zimmer Biomet


Below are the key development related to Arthroscopy Instrument Market in 2020 and 2021.


July 2020: Anika To Launch Six FDA-Cleared Sports Medicine and Extremities Products in Third Quarter of 2020. Innovative Products Designed to Meet Needs of Surgeons and their Patients in Joint Preservation and Restoration Procedures. Anika Therapeutics, Inc. (NASDAQ: ANIK), a global, integrated joint preservation, restoration and regenerative solutions company with products across the orthopedic early intervention continuum of care, announced U.S. Food and Drug Administration (FDA) clearance and the planned launch of multiple new product innovations that address the needs of orthopedic and sports medicine surgeons and their patients seeking to stay active by overcoming soft tissue damage. Six minimally invasive surgical devices and instruments have been cleared by the FDA to repair rotator cuffs, perform arthroscopic knee repairs and treat arthritis damage in the hand and wrist. Source

April  2021: Erbe Elektromedizin to acquire Maxer Endoscopy. Strategic acquisition of German fluorescence-guided surgery leader drives growth of Erbe’s surgical endoscopy business. Source

April 2020: Trice Medical Announces the Release of Worlds First Fully Disposable Endoscopic Carpal Tunnel System. Trice Medical announced the launch of Seg-WAY ECTR-d, the worlds first fully disposable endoscopic carpal tunnel release system. ECTR-d is available for immediate sale in the United States to enable surgeons to perform endoscopic carpal tunnel release surgery, without relying on traditional reusable instruments and cameras. Trice Medical announced the launch of Seg-WAY ECTR-d, the worlds first fully disposable endoscopic carpal tunnel release system. ECTR-d is available for immediate sale in the United States to enable surgeons to perform endoscopic carpal tunnel release surgery, without relying on traditional reusable instruments and cameras. Source