Arthroscopy Instruments Market Analysis by Product (Arthroscopic Implants, Arthroscopes, Surgical Shavers, Fluid Management Systems, Visualization Systems, Radiofrequency (RF) Ablation Systems)

Arthroscopy Instruments Market Snapshot

"From 2023 to 2030, the Arthroscopy Instruments Market is estimated to develop at a 6.12% CAGR. From USD 5.78 billion in 2023, it is predicted to exceed USD 7.45 billion by 2030."

Arthroscopy is a minimally invasive procedure used by orthopaedic doctors to diagnose and treat internal body components. It involves inserting a tiny probe through an incision, primarily for diagnosing the body's internal structure.

Known as surgical arthroscopy, it is widely used to treat bone disorders and joint issues, such as those affecting the knee, shoulder, and elbow. The procedure requires an extremely small incision in the skin.

The increasing prevalence of musculoskeletal disorders in the elderly population, coupled with a rise in sports injuries, has led to a surge in demand for arthroscopy procedures, with arthroscopy implants currently dominating the global market for arthroscopy devices.

One of the key elements boosting the rise and demand of arthroscopy tools is the incidence of target conditions, which is also one of the rapidly growing geriatric population's major concerns. Additionally, throughout the projected period of 2023 to 2030, the global market is expected to grow due to ongoing technological improvements.

Additionally, the market is being helped grow by consumers' increasing demand for MIS procedures, increased government funding for R&D, and an increase in the occurrence of bone-related illnesses.

In addition, the rising number of sports-related injuries and the accessibility of technologically sophisticated tools are both boosting market expansion throughout the aforementioned estimate period.

Arthroscopy Instruments Market expansion is, nevertheless, being constrained by a few factors. The rising number of FDA recalls resulting from sterility problems, product failures, and inconsistent product quality.

These flaws in the manufacturing process could lead to patient infection. The global market for arthroscopy instruments will suffer as a result of the manufacturing-related problems.

 In addition, the high price of arthroscopy equipment, implants, and surgical procedures may slow the market's expansion for arthroscopy instruments. A significant barrier to the market for arthroscopy instruments is the shortage of trained experts to operate the equipment.

A growing desire for less invasive procedures, an increase in the prevalence of joint and orthopaedic problems, technological improvements, emerging markets, and an ageing population are just a few of the factors that present growth and expansion prospects for the arthroscopy tools market.

Companies who are able to take advantage of these opportunities by creating cutting-edge products and entering new markets are likely to see tremendous growth and profitability.

Worldwide healthcare services have been affected by COVID-19, although the worst-hit nations are the US, Russia, Spain, Italy, the UK, India, Germany, and Spain.

The arthroscopy market is expected to suffer due to the pandemic's impact on the orthopaedic industry, primarily due to potential declines in demand for arthroscopy tools. The priority given to COVID-19 patients has led to delays in orthopaedic surgery, potentially affecting the market for arthroscopy devices.

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Arthroscopy Instruments Market Segment Analysis

Arthroscopy Instruments Market segmented based on product

The market is segmented into Arthroscopic Implants, Arthroscopes, Surgical Shavers, Fluid Management Systems, Visualization Systems, and Radiofrequency (RF) Ablation Systems depending on the kind of product.

The market for arthroscopes is predicted to increase quickly and to be the most popular product among all others. The minimally invasive method is used with arthroscopes.

The arthroscope segment is expected to dominate the market for arthroscopy instruments due to decreased scarring and faster patient recovery.

The market is segmented into knee arthroscopy, shoulder arthroscopy, and others.

The knee arthroscopy segment is predicted to grow significantly due to the World Health Organisation's report that 25% of people over 50 with degenerative knee disease experience substantial pain. Knee replacement surgery is the most common orthopaedic therapy, increasing the need for arthroscopy equipment worldwide.

Arthroscopy Instruments Market segmented based on End user

Hospitals are expected to dominate the global market due to the high volume of procedures performed there.

Arthroscopy Instruments Market Player

The arthroscopy instruments market key players includes

• Smith & Nephew
• Arthrex
• DePuy Synthes
• Stryker
• CONMED
• Zimmer Biomet
• Medtronic
• Karl Storz
• Braun

New Developments

24 April 2023: Smith+Nephew the global medical technology company, introduced its new CORI Digital Tensioner - a purpose built device that lets surgeons measure the ligament tension in a knee prior to cutting bone. By enabling a surgeon to quantify joint laxity in the native knee and achieve an optimal ligament tensioning force, the CORI Digital Tensioner helps to reduce variability when balancing the knee in surgery. This helps make surgical planning more objective versus other commercially available alternatives.

Feb 03, 2023 Zimmer Biomet Announces Fourth Quarter and Full-Year 2022 Financial Results

Zimmer Biomet Holdings, Inc. reported financial results for the quarter and year ended December 31, 2022.  The Company reported fourth quarter net sales from continuing operations of $1.825 billion, an increase of 2.7% over the prior year period, and an increase of 8.3% on a constant currency basis.  Net sales from continuing operations for the full year were $6.940 billion, an increase of 1.6% over the prior year, and an increase of 6.6% on a constant currency basis.  Net loss from continuing operations for the fourth quarter was $130.5 million, or net earnings from continuing operations of $396.3 million on an adjusted1 basis.  For the full year, net earnings from continuing operations were $290.2 million, or $1,449.2 million on an adjusted1 basis.

07 March 2023: Smith+Nephew the global medical technology company, introduced the UltraTRAC QUAD ACL Reconstruction Technique which consists of the new QUADTRAC Quadriceps Tendon Harvest Guide System, X-WING Graft Preparation System and family of ULTRABUTTON Adjustable Fixation Devices. These technologies work together to provide an innovative procedural solution, expanding Smith+Nephew’s ability to address surgeon graft preference.

Arthroscopy Instruments Market Regional Analysis

Asia Pacific arthroscopy instruments market is expected to grow rapidly due to federal government initiatives for orthopaedic disease treatment and the development of arthroscopy instruments. The Indian Arthroscopy Society (IAS) plans to launch the Indian Ligament Registry (ILR) on December 6, 2021, sponsored by the society, the official national body for arthroscopy surgeons in India. The society, known for its training and assistance, has a membership of around 3,000 active and associate members.

North America is expected to dominate the market due to the early adoption of new technologies and the increasing complexity of surgical procedures. The demand for arthroscopy equipment will rise as more arthroscopies are performed in the region, and the prevalence of chronic diseases and orthopaedic problems, especially among the senior population, is expected to drive demand.

Europe is the second largest market for arthroscopy tools globally, driven by increasing bone disease prevalence and government funding for research and development. In 2016, around 10 million UK residents had arthritis, and the market is expected to grow with 86,000 hip and 90,000 knee replacements annually.

Segments Covered in the Arthroscopy Instruments Market Report

Arthroscopy Instruments Market by Product

• Arthroscopic Implants
• Arthroscopes
• Surgical Shavers
• Fluid Management Systems
• Visualization Systems
• Radiofrequency (RF) Ablation Systems

Arthroscopy Instruments Market by Application

• Knee Arthroscopy
• Shoulder Arthroscopy
• Others

Arthroscopy Instruments Market by Voltage Level

• Hospitals
• Ambulatory Surgery Centers & Clinics
• Others

The above information has been provided for the following regions and countries:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Italy
• Russia

Asia Pacific

• China
• India
• Japan
• South Korea

Latin America

• Brazil
• Mexico

MEA

• UAE
• Saudi Arabia
• South Africa

Frequently Asked Questions

What is the worth of arthroscopy instruments market?

Arthroscopy Instruments Market is estimated to develop at a 6.12% CAGR. From USD 5.78 billion in 2023, it is predicted to exceed USD 7.45 billion by 2030.

What is the size of the Asia Pacific arthroscopy instruments industry?

The Asia Pacific region accounted for over 33% of the arthroscopy instruments market revenue in 2022 and is expected to continue growing in the forecast period.

What are some of the market's driving forces?

Because musculoskeletal disorders such as osteoarthritis and rheumatoid arthritis are becoming increasingly widespread in the elderly population, there is a greater demand for arthroscopy procedures.

Which are the top companies to hold the market share in arthroscopy instruments market?

The arthroscopy tools industry is dominated by major players such as Smith & Nephew, Arthrex, DePuy Synthes, Stryker, CONMED, Zimmer Biomet, Medtronic, Inc., Karl Storz, Braun, and Olympus.

What is the leading application of arthroscopy instruments market?

The market is divided based on Application into Knee Arthroscopy, Shoulder Arthroscopy, and Others. Over the projection period, the knee arthroscopy segment is expected to have tremendous expansion.

Which is the largest regional market for arthroscopy instruments market?

North America is the largest regional market for arthroscopy instruments market.