Arthroscopy Device Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global arthroscopy device market provides qualitative and quantitative analysis for the period from 2021-2030. The global arthroscopy device market was valued at USD 5.05 billion in 2022 and is expected to reach USD 6.65 billion in 2030, with a CAGR of 3.03% during the forecast period 2023-2030. The study on arthroscopy device market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

An arthroscopy device is a medical device used to visualize, examine, and execute therapeutic interventions inside the body joints, including the knee, hip, spine, shoulder, and elbow. As arthroscopy is a minimally invasive surgical procedure used to diagnose and treat various sports injuries, the demand for arthroscopy devices surges along with the rising prevalence of sports injuries. Moreover, the growing incidence of musculoskeletal disorders is set to propel the arthroscopy market forward. Owing to the rise in the elderly population and increased cases of traumatic injuries, the frequency of musculoskeletal disorders is also increasing. As per the World Health Organization, around 1.71 billion individuals globally suffer from musculoskeletal ailments. Arthroscopy tools are paramount in diagnosing and addressing musculoskeletal issues. Moreover, technological advancements, such as enhanced imaging technologies and more advanced arthroscopic instruments, amplify the procedure's precision and effectiveness, making it increasingly sought-after.

Knee arthroscopy is poised to significantly influence market growth in the foreseeable future. This segment's expansion can be attributed to the increasing elderly population, surging obesity rates, and a greater participation in sports and physical activities. Recent data from the Centers for Disease Control and Prevention's national health statistics report indicates that in 2021, more than 1,857,000 knee arthroscopies were performed. As knee osteoarthritis-related pain continues to rise, there is a corresponding increase in demand for arthroscopy devices. This procedure, carried out by medical professionals, enables the diagnosis of knee joint issues without the need for extensive incisions through the skin and surrounding soft tissues. Furthermore, ongoing advancements in arthroscopic technology, including state-of-the-art imaging systems and precision instruments, further enhance the diagnostic and therapeutic capabilities of knee arthroscopy, establishing it as a critical driver in the overall growth of the arthroscopy device market.

North America region holds largest market share within the global arthroscopy device market share. North America has experienced significant growth due to the rising number of elderly individuals. For example, in 2020, the number of seniors in the U.S. reached 55.8 million, representing 16.8% of the overall population. Furthermore, increasing rates of obesity have been noted, with projections suggesting that by 2020, 42.4% of Americans will be categorized as obese. By 2021, the CDC indicated that over 70% of Americans aged 20 and above were either overweight or obese. This upward trend in obesity and the aging population contributes to a higher prevalence of musculoskeletal problems. Consequently, as musculoskeletal conditions become more common, there's an increased demand for arthroscopy devices in North America. Additionally, the region boasts advanced healthcare infrastructure and a high level of awareness among both healthcare professionals and patients regarding the benefits of arthroscopic procedures which contributed to the growth of the market. Furthermore, with the rising demand, manufactures Manufacturers are channelling their investments into cutting-edge innovations within the arthroscopy device sector, which presents additional growth opportunities in the North American market.

Report Findings

1) Drivers

• The arthroscopy market's growth rate will be propelled by the rising incidence of sports injuries.
• Increasing prevalence rate of musculoskeletal disease will drive arthroscopy market.

2) Restraints

• High costs associated with arthroscopy devices can obstruct market growth.

3) Opportunities

• Technological advancements in arthroscopic surgery create an opportunity for the market to grow.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global arthroscopy device market is segmented on the basis of type, application, and end user.

The Global Arthroscopy Device Market by Type

• Arthroscopic Implants
• Fluid Management Systems
• Radio Frequency Systems
• Visualization Systems
• Powered Shavers
• Others

The Global Arthroscopy Device Market by Application

• Knee Arthroscopy
• Hip Arthroscopy
• Shoulder and Elbow Arthroscopy

The Global Arthroscopy Device Market by End User

• Hospital
• Ambulatory Surgery Center
• Clinics

Company Profiles

The companies covered in the report include

• Arthrex, Inc.
• CONMED Corporation
• Johnson & Johnson Services, Inc.
• KARL STORZ
• Richard Wolf GmbH
• HenkeSassWolf
• Zimmer Biomet
• Stryker Corporation
• B. Braun SE
• Sklar Surgical Instruments
• CYRIX HEALTHCARE

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the arthroscopy device market.
2. Complete coverage of all the segments in the arthroscopy device market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global arthroscopy device market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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