The arthroscopy devices market is witnessing significant growth due to the rising prevalence of conditions such as rheumatoid arthritis, bone tumors, osteoarthritis, and tendonitis, as well as the increasing incidence of sports injuries. Arthroscopy devices play a crucial role in the diagnosis, visualization, and treatment of joint-related ailments, offering minimally invasive and effective solutions. The market is driven by technological advancements, increasing healthcare expenditure, and a growing aging population.
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Data Bridge Market Research analyses that the Arthroscopy Devices Market was valued at USD 5.57 billion in 2021 and is expected to reach USD 11.35 billion by 2029, registering a CAGR of 9.3% during the forecast period of 2022 to 2029. The growing prevalence of musculoskeletal disorders drives the demand for arthroscopy devices. These devices offer less invasive treatment options with faster recovery times, making them preferred by patients and healthcare providers seeking effective solutions for conditions like osteoarthritis, sports injuries, and degenerative joint diseases.
Key Findings of the Study
Strong investment in healthcare infrastructure is expected to drive the market's growth rate
Strong investment in healthcare infrastructure, especially in emerging economies, is a significant driver of the arthroscopy devices market. As countries invest in improving their healthcare systems, there is an increased focus on upgrading medical facilities and equipping them with advanced technologies. This includes the establishment of hospitals, clinics, and surgical centers that are equipped with arthroscopy devices. The availability of these devices in modern healthcare infrastructure supports the diagnosis and treatment of various joint-related conditions, driving the demand for arthroscopy devices in the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Arthroscopic Implants, Arthroscopes, Fluid Management Systems, Radiofrequency Systems, Visualization Systems, Powered Shaver Systems, and Other Arthroscopy Equipment), Application (Knee Arthroscopy, Hips Arthroscopy, Spine Arthroscopy, Foot and Ankle Arthroscopy, Shoulder and Elbow Arthroscopy, Others Arthroscopy Applications), End User (Hospital, Ambulatory Surgical Centers, Clinics, Others)
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Countries Covered
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(U.S.) ., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Arthrex (U.S.), Smith+Nephew (U.K.), Medical Device Business Services, Inc. (U.S.), Stryker (U.S.), CONMED Corporation (U.S.), Medtronic (Ireland), Boston Scientific Corporation (U.S.), B. Braun Melsungen AG (Germany), Zimmer Biomet (U.S.), KARL STORZ SE & Co. KG (Germany), Olympus Corporation (Japan), Richard Wolf GmbH (Germany), Wright Medical Group N.V. (U.S.) . , Bioventus (U.S.), Flexion Therapeutics Inc. (U.S.), Medicon Health Care Private Limited. (India), Sklar Surgical Instruments (U.S.), GPC Medical Ltd. (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The arthroscopy devices market is segmented on the basis of product, application and end user.
- On the basis of product, the arthroscopy devices market is segmented into arthroscopic implants, arthroscopes, fluid management systems, radiofrequency systems, visualization systems, powered shaver systems, and other arthroscopy equipment.
- On the basis of application, the arthroscopy devices market is segmented into knee arthroscopy, hips arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder and elbow arthroscopy, others arthroscopy applications.
- On the basis of end user, the arthroscopy devices market is segmented into hospital, ambulatory surgical centers, clinics, others.
Major Players
Data Bridge Market Research recognizes the following companies as the major global arthroscopy devices market players in global arthroscopy devices market are Arthrex (U.S.), Smith+Nephew (U.K.), Medical Device Business Services, Inc. (U.S.), Stryker (U.S.), CONMED Corporation (U.S.), Medtronic (Ireland), Boston Scientific Corporation (U.S.), B. Braun Melsungen AG (Germany),
Market Developments
- In February 2022: Formus Labs, a medical technology company, raised USD 5 million in funding and formed a partnership with Zimmer Biomet. The collaboration aims to co-develop and globally distribute Formus Labs' technology, enhancing the field of orthopedic surgery.
- In December 2020: Arthrex Inc., a leading medical device company, introduced the SwiveLock ACL Repair Kit. This innovative kit is the first and only FDA-cleared primary repair solution for anterior cruciate ligament (ACL) tears, providing surgeons with a new option for ACL repair procedures.
- In February 2022: Formus Labs, the pioneering automated 3D planner for joint replacement surgeries, announced a successful funding round of US$ 5 million. The company also unveiled its orthopedic surgery planning solution, offering surgeons valuable insights during pre-operation planning. To expand its reach worldwide, Formus Labs entered into a partnership with Zimmer Biomet, a leading player in the orthopedic industry.
- In April 2021: Orthofix signed an exclusive license agreement to distribute IGEA's advanced bone, cartilage, and soft tissue stimulation product portfolio in the United States and Canada. This collaboration strengthens Orthofix's presence in the regenerative medicine market.
- In December 2020: Arthrex introduced the SwiveLock ACL Repair Kit, the sole FDA-approved kit for repairing anterior cruciate ligament (ACL) tears. This groundbreaking solution utilizes SwiveLock Anchors and demonstrates Arthrex's commitment to delivering innovative orthopedic solutions.
Regional Analysis
Geographically, the countries covered in the global arthroscopy devices market report are (U.S.) ., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in global arthroscopy devices market during the forecast period 2022 - 2029
North America's arthroscopy devices market is at the forefront due to its extensive implementation of cutting-edge technology and the strong presence of key industry players. The region's well-developed healthcare infrastructure further bolsters its leadership, offering easy access to advanced medical facilities and skilled healthcare professionals. These favorable conditions foster a thriving environment for the arthroscopy devices market in North America, driving continuous growth and advancements in the field.
Asia-Pacific is estimated to be the fastest growing region in global arthroscopy devices market the forecast period 2022 - 2029
Asia-Pacific is poised for significant growth due to the rise of medical tourism and the presence of prominent market players in developing markets. The increasing patient population, coupled with the region's improving healthcare facilities, contributes to the market's expansion. The adoption of advanced medical devices and increasing healthcare expenditure further stimulate the growth of the arthroscopy devices market in Asia-Pacific.
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