Pune, India -- (SBWIRE) -- 01/26/2018 -- Global Arthroscopy Devices Market is expected to reach USD 14,957.97 million by 2024 from USD 7,886.20 million in 2016, at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Segmentation: Global Arthroscopy Devices Market

The global Arthroscopy devices market is segmented on the basis of components, products, application and services. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.

Based on product type, the global arthroscopy devices market is segmented into arthroscopes, arthroscopy fluid management systems, arthroscopy visualization systems, arthroscopy implants, arthroscopy shavers, arthroscopy RF ablation systems and arthroscopy RF wands. The arthroscopy devices market is dominated by arthroscopes implants with 36.1% market share in 2016, growing with the CAGR of 8.4% in the forecast period. Arthroscopy implants are further segmented into shoulder repair implants, hip repair implants, knee repair implants and others repair implants. Shoulder repair implants are further sub segmented into suture anchors and knotless anchors. Hip repair implants are further sub segmented into suture anchors and knotless anchors. Knee repair implants is further sub segmented into suture anchors, knotless anchors and interference anchors.

On the basis of procedure type, the global arthroscopy devices market is segmented into knee arthroscopy procedure, shoulder arthroscopy procedure, hip arthroscopy procedure and other arthroscopy procedure. In 2017, the knee arthroscopy procedure segment is expected to dominate the market with 52.9% market share

On the basis of end users, the global arthroscopy devices market is classified into hospitals, ambulatory surgical centers, orthopedic clinics and community hospitals. Among these, in 2017 hospital segment dominated the market and the trend is expected to remain the same till 2024.

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Table of Contents


- Introduction

- MARKET SEGMENTATION

- Market Overview

- Executive Summery

- Premium Insights

- GLOBAL Arthroscopy devices MARKET, BY Product type

- GLOBAL Arthroscopy devices MARKET, BY Procedure type

- GLOBAL Arthroscopy devices MARKET, BY End-user

- GLOBAL Arthroscopy Devices Market, By Geography

- Global Arthroscopy Devices Market, COMPANY landscape

- Company Profile


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Competitive Analysis

Some of the major factors driving the market for global Arthroscopy devices market are increase in geriatric and ageing population, increase in joint replacement surgery, increase demand for minimal invasive procedures and rise in sports related injuries. These factors demand the Arthroscopy devices system which boosts the market growth.

Drivers: Global Arthroscopy Devices Market


- INCREASE IN GERIATRIC AND AGEING POPULATION


The rise in the geriatric population across the globe is a major factor driving the growth of arthroscopy. According to United Nation Population Fund (UNFPA) the population with age above 60 years comprises more than the 12.3% of global population and is expected to rise up to 20.0% of the global population by 2050. Due to growing geriatric population, the cases of acute and chronic diseases such as obesity, arthritis and others are rising. Older population is more prone to diseases such as infections, cardio metabolic risks, joint related issues and cancer leading to more number of surgeries, driving the growth of the arthroscopy devices market. of the number of surgical procedures vary across regions, ranging from 3383 operations per 100,000 in central Latin America to 6495 operations per 100,000 in western sub-Saharan Africa.


- INCREASE IN JOINT REPLACEMENT SURGERY


The increase in joint replacement surgery across the globe will drive the arthroscopy market. For instance, According to Canadian Institute for Health Information (CIHI), around 113,000 knee and hip surgeries are performed in Canada annually. The number of hip replacements surgery increased by 20.0% and number of knee replacement surgery increased by 20.3% from 2009 to 2015 in the country. Furthermore, as per Centers for Disease Control and Prevention (CDC), in U.S. 54.4 million adults were diagnosed with arthritis between 2013 and 2015 and the number is expected to reach 78.4 million by 2040.

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Top Competitors of Market


- Depuy Synthes (subsidiary of Johnson & Johnson Services, Inc.),

- Stryker,

- Conmed Corporation and Zimmer Biomet

- Arthrex, Inc.,

- Medtronic,

- Wright Medical Group N.V.,

- Biotek (Chetan Meditech Pvt. Ltd.),

- GPC Medical Ltd,

- Vimex SP.

- Richard Wolf Gmbh,

- Karl Storz SE & CO.


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