“The Arthroscopy devices market size It has experienced significant growth in the last decade, due to the increase in the number of patients with bone and joint disorders and the rapid growth of the healthcare industry. A number of players in the arthroscopy equipment industry are expanding their business to consolidate their foothold in the global market. By product, the arthroscopy segment dominated Arthroscopy devices market share In 2020, in terms of revenue. Depending on the application, the shoulder and elbow arthroscopy portion is expected to grow at a higher compound annual growth rate (CAGR) during the forecast period, due to the higher number of elderly people.”
Arthroscopy devices market by type (arthroscopes, arthroscopic implants, fluid management systems, radiofrequency systems, visualization systems, electric shavers, etc.), by application (knee arthroscopy, hip arthroscopy, shoulder and elbow arthroscopy, etc.): Global Opportunity Analysis and Industry Forecast, 2020-2030″. According to the report, the global arthroscopy devices industry was valued at $18.0 billion in 2020 and is expected to reach $41.9 billion by 2030, with a compound annual growth rate of 8.5% from 2021 to 2030.
In 2020, North America dominated the global arthroscopy device market forecast, in terms of revenue, accounting for about 41% of the arthroscopy device industry, followed by Europe and Asia Pacific. Moreover, the market in the Asia Pacific region is growing at a high CAGR, due to the advantages of arthroscopy devices such as short recovery time and minimal postoperative complications. In addition, the increase in FDI opportunities in many countries of the Asia-Pacific region, is driving the growth of the market.
For example, according to the US Department of Health and Human Services, 1 in 4 adults in the United States suffers from arthritis and more than $300 billion is spent annually on its treatment. By 2040, about 78 million adults in the United States are expected to have doctor-diagnosed arthritis. Furthermore, the number of elderly people in the United States is expected to reach 21.6% by 2040, up from 16% in 2019. In addition, healthcare infrastructure in developing countries in the Asia Pacific region has expanded rapidly. For example, according to India Brand Equity, Indian healthcare infrastructure is expected to reach $349.1 billion by 2025.
However, the market has already started to recover and is expected to get back on track soon.
1. Johnson & Johnson
2. Zimmer Biomet Holdings, Inc.
3. Medtronic plc
4. Richard Wolf GmbH
5. Smith & Nephew plc
6. Company Conmed
7. Henke Sass Wolf GmbH
8. Arthrex, Inc.
9. Karl storz GmbH & Co. KG
10. Stryker Company
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Spain and Rest of Europe)
Asia Pacific (China, Japan, India, Australia and Rest of Asia Pacific)
LAMEA (Latin America, Middle East and Africa)
Shoulder and elbow arthroscopy
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fluid management systems
Radio Frequency Systems
𝐅𝐑𝐄𝐐𝐔𝐄𝐍𝐓𝐋𝐘 𝐀𝐒𝐊𝐄𝐃 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍𝐒?
Q 1. What are the key growth strategies of the Arthroscopy Devices industry players?
Q2. What is the largest regional market for arthroscopy devices?
Q3. How was the company profile selected?
Q4. What is the estimated industry size for arthroscopy devices?
Q5. Which are the top companies with market share in Arthroscopy devices?