The market for arthroscopy devices is expected to reach US$9,853. 88 million in 2028 from US$5,725. 24 million in 2021; it is expected to register a CAGR of 8.1% from 2021 to 2028. Key factors driving the market growth of arthroscopy devices include the growing prevalence of musculoskeletal disorders, an increasing number of sports injuries requiring an arthroscopy procedure to complete joint replacement, and rising elderly population is driving the market.
New York, July 5, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Arthroscopy Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product and Application” – https://www.reportlinker.com/p06289882/?utm_source=GNW
However, the high cost of arthroscopy devices is hampering the market growth of silicone-based catheters.
Arthroscopy is a procedure for diagnosing and treating joint problems. A surgeon inserts a narrow tube attached to a fiber-optic video camera called an arthroscope through a small incision the size of a buttonhole.
An arthroscope is a medical device that allows doctors to look inside body joints such as the knee, hip, spine, shoulder, and elbow to inspect, diagnose, and perform therapeutic procedures. Arthroscopy devices can examine diseases such as osteoarthritis, rheumatoid arthritis, tendonitis and bone tumors in the joints
Musculoskeletal disorders (MSDs) are the most common condition around the world. According to data published by the World Health Organization (WHO), approximately 1.71 billion people worldwide will suffer from musculoskeletal problems by February 2021, and low back pain is a widespread musculoskeletal disorder, affecting 568 million people worldwide. Low back pain is the leading cause of disability in 160 countries, with musculoskeletal disorders being the leading cause of disability. Musculoskeletal disorders severely impair mobility and dexterity, resulting in early retirement from work, impaired well-being and reduced ability to participate in society. The number of people disabled by musculoskeletal disorders is increasing and this trend is expected to continue in the coming decades.
In addition, according to the same source (WHO), high-income countries are the hardest hit in terms of population (441 million), followed by countries in the WHO Western Pacific Region with 427 million, while Southeast Asia has 369 million. Musculoskeletal disorders are also the leading cause of years of disability (YLDs) worldwide, accounting for approximately 149 million YLDs, or 17% of all YLDs.
In addition, according to the same source (WHO), low back pain is the leading cause of musculoskeletal disorders. Fractures, which affect 436 million people worldwide, osteoarthritis (343 million), other injuries (305 million), neck pain (222 million), amputations (175 million) and rheumatoid arthritis (14 million) are all factors in the total burden of diseases of the elderly. the musculoskeletal system.
For individuals with chronic joint pain and dysfunction, surgical arthroscopy is an established therapy option. Compared to open joint procedures, arthroscopy is less invasive and results in better overall patient outcomes in terms of symptom management, hospital stay, structural recovery, and long-term outcomes.
Thus, the growing prevalence of musculoskeletal disorders osteoarthritis and rheumatoid arthritis is expected to drive the market over the forecast period.
The arthroscopy device market is segmented by product into arthroscopes, arthroscopic implants, fluid management systems, radio frequency systems, visualization systems, powered razors, and other arthroscopic equipment. In 2021, the Arthroscopes segment had the largest market share and is expected to register the fastest CAGR of 9.1% over the forecast period.
The arthroscopy device market, based on application, is segmented into knee arthroscopy, hip arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder and elbow arthroscopy, and others. In 2021, the hip arthroscopy segment had the largest market share and is expected to report the highest CAGR of 8.9% in 2021-2028.
Arthrex, Inc.; CONMED company; Johnson and Johnson Services, Inc.; KARL STORZ SE & Co. KG; Medtronic; Richard Wolf GmbH.; Smith & Cousin; Stryker Corporation; Zimmer Biomet; and NuVasive, Inc. are among the leading companies operating in the arthroscopy device market
National Federation of State High School Associations (NFHS), Canadian Institute of Health Information (CIHI), Organization for Economic Co-operation and Development (OECD), International Osteoporosis Foundation (IOF), Australian Orthopedic Association National Joint Replacement Registry (AOANJRR), The Australian Bureau of Statistics (ABS) and the World Health Organization (WHO) are among the top secondary sources referenced in preparing the report on the market for arthroscopy devices.
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