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Written by Mark Smith » Updated on: November 16th, 2024
The latest report by IMARC Group, titled “Arthroscopy Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the arthroscopy devices market outlook. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global arthroscopy devices market size reached US$ 4.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.0 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.
Arthroscopy Devices Market Trends:
The global arthroscopy devices market is primarily driven by the increasing prevalence of joint-related disorders such as osteoarthritis, rheumatoid arthritis, and sports injuries. Arthroscopy, a minimally invasive surgical procedure used to diagnose and treat joint conditions, has gained popularity due to its benefits over traditional open surgeries, including shorter recovery times, reduced hospital stays, and fewer complications. The aging global population, which is more prone to degenerative joint diseases, is a significant driver of market growth.
Moreover, the rising awareness of minimally invasive surgical techniques among patients and healthcare providers has spurred the adoption of arthroscopy devices. Advances in medical technology, such as the development of high-definition cameras, fiber optics, and specialized instruments, have also enhanced the precision and outcomes of arthroscopic procedures, further fueling market expansion. Additionally, the increasing number of sports-related injuries, particularly among young adults and athletes, has contributed to the growing demand for arthroscopy devices.
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Arthroscopy Devices Market Scope and Growth Analysis:
The scope of the global arthroscopy devices market spans various product types, including arthroscopes, powered shavers, radiofrequency devices, and fluid management systems. Arthroscopes, which provide a clear view of the joint interior, remain a dominant segment due to their critical role in the procedure. The market is segmented by application into knee, shoulder, hip, and other joints, with knee arthroscopy being the most common, driven by the high incidence of knee-related injuries and conditions.
Geographically, North America holds the largest share of the market, attributed to the high prevalence of joint diseases, well-established healthcare infrastructure, and the presence of key market players. Europe follows closely, supported by the growing geriatric population and increasing healthcare expenditure. The Asia-Pacific region is expected to witness significant growth, driven by the rising demand for advanced surgical procedures, improving healthcare infrastructure, and increasing awareness of minimally invasive treatments.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/arthroscopy-devices-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Arthroscopy Devices Market Segmentation:
Our report has categorized the market based on region, device type, arthroscopy type and end-user.
Breakup by Device Type:
Breakup by Arthroscopy Type:
Breakup by End-User:
Breakup by Region:
Key highlights of the report:
Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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