The shoulder arthroscopy market was valued at $432.46 million in 2022 and is estimated to reach $712.12 million by 2032, exhibiting a CAGR of 5.1% from 2023 to 2032. Shoulder arthroscopy is an outpatient procedure that uses a small camera called an arthroscope to project images of the shoulder joint onto a video screen. The images are then used by the healthcare provider to diagnose the part of the shoulder that has been injured and repair it using small surgical instruments to restore shoulder's mobility. The procedure is minimally invasive and requires smaller incisions. The incision size is about the same as a keyhole. The full procedure can take anywhere from weeks to months, but patients may get discharged on the same day. Shoulder arthroscopy allows healthcare providers to treat shoulder pain that hasn’t responded to other non-surgical treatments like physical therapy, medications, injections, and rest.
Arthroscopy of the shoulder can be used for the removal of inflamed tissue. Thus, it is used to treat injuries such as biceps tendon injuries, bone spurs, frozen shoulder, labrum tears, injuries to the tissue around the shoulder socket, osteoarthritis, rotator cuff tears, rotator cuff tendinitis, shoulder impingement syndrome and shoulder instability, when the shoulder joint becomes loose or dislocated. Arthroscopy surgery for the shoulder is the second largest orthopedic procedure after knee surgery. However, the most common type of arthroscopic surgery performed on the shoulder is the rotator cuff. The growth of the market is attributed to the rise in the number of procedures, which, in turn, surges the demand for equipment.
Rise in incidence of shoulder injuries, advancements in arthroscopic techniques, aging population, and preference for minimally invasive surgery, are major factors driving the growth of the shoulder arthroscopy market. One of the main causes of shoulder arthroscopic procedures is the growing incidence of injuries to the shoulder, such as rotator cuff tears and labral tears, as well as shoulder impingements. Injuries from sports, as well as the wear and tear that comes with aging, are also contributing factors to the increase in shoulder arthroscopies.
However, high procedure costs, limited access to specialized facilities and competition from alternative treatments may act as a restraint toward market growth. Arthroscopic procedures on the shoulder can be expensive, and this can discourage some patients from undergoing the procedure. It can also cause reimbursement issues for healthcare providers. This may hinder market growth to some extent.
The shoulder arthroscopy market is segmented into product type, indication, end user, and region. On the basis of product type, the market is categorized into arthroscopes, power shaver systems, arthroscopic implants, arthroscopic systems, and others. On the basis of indication, the market is divided into rotator cuff tears, shoulder instability, frozen shoulder, shoulder impingement syndrome and others. On the basis of end user, the market is classified into hospitals, ambulatory surgical centers, and others.
By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA). Major players that operate in the market include Arthrex, Inc., Stryker Corporation., ConMed Corporation, GPC Medical Ltd., Johnson & Johnson, Star Sports Medicine Co., Ltd., Sironixmedtech, Osteocare Medical Pvt Ltd., Biotek and Karl Storz GmbH & Co. KG.
Arthroscopy of the shoulder can be used for the removal of inflamed tissue. Thus, it is used to treat injuries such as biceps tendon injuries, bone spurs, frozen shoulder, labrum tears, injuries to the tissue around the shoulder socket, osteoarthritis, rotator cuff tears, rotator cuff tendinitis, shoulder impingement syndrome and shoulder instability, when the shoulder joint becomes loose or dislocated. Arthroscopy surgery for the shoulder is the second largest orthopedic procedure after knee surgery. However, the most common type of arthroscopic surgery performed on the shoulder is the rotator cuff. The growth of the market is attributed to the rise in the number of procedures, which, in turn, surges the demand for equipment.
Rise in incidence of shoulder injuries, advancements in arthroscopic techniques, aging population, and preference for minimally invasive surgery, are major factors driving the growth of the shoulder arthroscopy market. One of the main causes of shoulder arthroscopic procedures is the growing incidence of injuries to the shoulder, such as rotator cuff tears and labral tears, as well as shoulder impingements. Injuries from sports, as well as the wear and tear that comes with aging, are also contributing factors to the increase in shoulder arthroscopies.
However, high procedure costs, limited access to specialized facilities and competition from alternative treatments may act as a restraint toward market growth. Arthroscopic procedures on the shoulder can be expensive, and this can discourage some patients from undergoing the procedure. It can also cause reimbursement issues for healthcare providers. This may hinder market growth to some extent.
The shoulder arthroscopy market is segmented into product type, indication, end user, and region. On the basis of product type, the market is categorized into arthroscopes, power shaver systems, arthroscopic implants, arthroscopic systems, and others. On the basis of indication, the market is divided into rotator cuff tears, shoulder instability, frozen shoulder, shoulder impingement syndrome and others. On the basis of end user, the market is classified into hospitals, ambulatory surgical centers, and others.
By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA). Major players that operate in the market include Arthrex, Inc., Stryker Corporation., ConMed Corporation, GPC Medical Ltd., Johnson & Johnson, Star Sports Medicine Co., Ltd., Sironixmedtech, Osteocare Medical Pvt Ltd., Biotek and Karl Storz GmbH & Co. KG.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shoulder arthroscopy market analysis from 2022 to 2032 to identify the prevailing shoulder arthroscopy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the shoulder arthroscopy market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global shoulder arthroscopy market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By End User
- Hospitals
- Ambulatory Surgical Centers
- Other
By Product Type
- Arthroscopes
- Power shaver systems
- Shoulder arthroscopic implants
- Arthroscopic systems
- Others
By Indication
- Rotator cuff tears
- Shoulder instability or dislocation
- Frozen shoulder
- Shoulder impingement syndrome
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- ConMed Corporation
- Johnson & Johnson
- Sironixmedtech
- Arthrex, Inc.
- GPC Medical Ltd.
- Biotek
- Karl Storz GmbH & Co. KG
- Osteocare Medical Pvt Ltd.
- Star Sports Medicine Co., Ltd.
- Stryker Corporation.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SHOULDER ARTHROSCOPY MARKET, BY PRODUCT TYPE
CHAPTER 5: SHOULDER ARTHROSCOPY MARKET, BY INDICATION
CHAPTER 6: SHOULDER ARTHROSCOPY MARKET, BY END USER
CHAPTER 7: SHOULDER ARTHROSCOPY MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The shoulder arthroscopy market is likely to experience a significant growth rate of 5.1% from 2023-2032 owing to increasing market demand from medical device & supplies sector.Arthroscopies are minimally invasive surgical procedures that help orthopedic surgeons diagnose and treat joint conditions, whereas arthroscopies performed for treatment of shoulder injuries are known as shoulder arthroscopy. An arthroscope is a small, flexible tube that is used to perform arthroscopies with a camera and light at the end that provides a real-time image of the inside of the joint on a screen. Shoulder arthroscopy involves making small incisions into the skin which allows surgeons to assess and treat various shoulder joint problems without having to perform open surgery.
Key factors driving the growth of the shoulder arthroscopy market is attributed to an increase in the demand for minimal invasive procedures, technological advancements in arthroscopy equipment and rising incidence of shoulder injuries. Minimally invasive procedures, such as shoulder arthroscopies, typically involve smaller incisions that cause less trauma to surrounding tissues. This results in less post-operative pain and swelling, as well as a faster recovery time compared to open surgeries. This is especially important for patients who want to get back to their normal activities or sports as quickly as possible.
For instance, according to the National Center for Biotechnology Information, the annual number of arthroscopic procedures in the US was predicted to be 1.77 million. Such an increase in the adoption of shoulder arthroscopies among the population is contributing to shoulder arthroscopy market growth.
Also, the rising incidence of shoulder injuries is a significant driver for the growth of the shoulder arthroscopy market. Athletes and individuals participating in sports and physical activities are prone to shoulder injuries. Sports like football, basketball, baseball, and tennis can lead to conditions such as rotator cuff tears, labral tears, and shoulder impingements. The competitive nature of sports often results in overuse injuries and traumatic events that damage the shoulder joint.
In addition, these arthroscopy procedures often allow patients to return home the same day, or after a short hospital stay, which reduces healthcare costs and the hassle associated with long hospital stays. This is in line with the growing preference for outpatient and outpatient-level care, which contributes to be the market growth.
Furthermore, arthroscopy procedures have evolved over time due to advances in technology. High-resolution imaging systems allow surgeons to observe the shoulder joint with unprecedented clarity and detail. Not only does this aid in diagnosis, but it also improves surgical accuracy, reducing the chance of complications and increasing patient success rates.
Also, rising awareness among population regarding minimally invasive procedures and rising preference for ambulatory surgical centers is anticipated to boost the market growth during the forecast period. Minimally invasive approaches using smaller, more accurate tools and instruments have also become increasingly popular. This minimally invasive approach reduces tissue damage and accelerates the recovery process, resulting in less pain and discomfort after surgery. This will assist in market expansion in the near future.
The shoulder arthroscopy market is segmented into product type, indication, end user, and region. On the basis of product type, the market is categorized into arthroscopes, power shaver systems, arthroscopic implants, arthroscopic systems, and others. On the basis of indication, the market is divided into rotator cuff tears, shoulder instability, frozen shoulder, shoulder impingement syndrome and others. On the basis of end user, the market is classified into hospitals, ambulatory surgical centers, and others.
By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
The key players profiled in the study include Arthrex, Inc., Stryker Corporation., ConMed Corporation, GPC Medical Ltd., Johnson & Johnson, Star Sports Medicine Co., Ltd., Sironixmedtech, Osteocare Medical Pvt Ltd., Biotek and Karl Storz GmbH & Co. KG. The players in the market have been actively engaged in the adoption of various strategies such as product approval and acquisition to remain competitive and gain an advantage over the competitors in the market.
For instance, in November 2020, Stryker announced the acquisition of Wright Medical Group N.V., a global medical device company focused on extremities and biologics. The company is a leader in the upper extremities (shoulder, elbow, wrist and hand), lower extremities (foot and ankle) and biologics market segments.
Key Market Insights
By product type, the shoulder arthroscopic implants segment was the highest revenue contributor to the market and is estimated to reach $238.21 million by 2032, with a CAGR of 4.9%.By indication, the rotator cuff tears segment dominated the global market and the shoulder impingement syndrome is expected to be the fastest-growing segment during the forecast period.
By end user, the hospitals segment dominated the market in 2022, whereas the ambulatory surgical centers segment is anticipated to grow at a fastest rate during the forecast period.
Based on region, North America garnered the largest revenue share in 2022 and the Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- ConMed Corporation
- Johnson & Johnson
- Sironixmedtech
- Arthrex, Inc.
- GPC Medical Ltd.
- Biotek
- Karl Storz GmbH & Co. KG
- Osteocare Medical Pvt Ltd.
- Star Sports Medicine Co., Ltd.
- Stryker Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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