New York, NY, July 10, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Arthroscopy Instrument Market by Product (Arthroscope, Arthroscopy Implants, Visualization Systems, Fluid Management Systems, RF Ablation Systems, and Powered Shaver's), by Application (Knee Arthroscopy, Shoulder Arthroscopy, and Others), and by End User (Hospitals and Ambulatory Surgery Centers & Clinics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024” . According to the report, the global arthroscopy instrument market accounted for USD 4,050 million in 2017 and is expected to reach USD 6,222.5 million by 2024, growing at a CAGR of around 6.34% between 2018 and 2024.
An arthroscopy is a surgical procedure performed by orthopedic surgeons to visualize, diagnose, and treat the problems in joints. The procedure involves a small incision in the patient’s skin and insertion of small pipe sized instrument that contains a small lens and light source (fiber light) to examine the inside structure of joint, the light is transmitted through fiber optics. An arthroscopy is usually performed for a torn meniscus, rheumatoid arthritis, cubital tunnel syndrome, elbow pain, and problems, etc. Rising demand for robotics and autonomous systems in arthroscopy instruments for minimally invasive surgeries and expansion of healthcare expenditure in developing countries are acting as future opportunities for arthroscopy instrument manufacturers.
Browse through 18 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "Global Arthroscopy Instrument Market: Industry Type, Size, Share, Trends and Forecast, 2018 - 2024”.
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Based on product, arthroscopy instrument market is segmented into arthroscope, arthroscopy implants, visualization systems, fluid management systems, RF ablation systems, and powered shavers. Arthroscopic implants segment hold the highest share of the global arthroscopy instrument market due to the use of implants in the majority of the arthroscopic surgeries.
Based on application, the arthroscopy instrument market is segmented into knee arthroscopy, shoulder arthroscopy, and others (hip, wrist, elbow, foot, and ankle). Knee arthroscopy segment has contributed the highest share to the market growth and the other segment is expected to grow with highest CAGR due to rise in hip surgeries and growing availability of advanced instruments for complex hip surgeries.
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Based on the end-user, arthroscopy instrument market is segmented into hospitals and ambulatory surgical centers & clinics. In 2017, hospitals segment accounted for the largest share of the global arthroscopy instrument market.
As of 2017, North America was the developed regional market for global arthroscopy instrument market and is expected to see rapid growth in the years to come. The U.S. is by far leading in the arthroscopy instrument market country wise in North America. Growth in the region is mainly due to the high sports-related surgery rate and advanced surgical instruments. As reported in 2017, about 2 million sports-related surgeries were performed each year in U.S. Moreover, increasing patient population established medical reimbursement policy, and presence of established key market players and their adopted collaboration strategies for high revenue contributed to the regional growth.
Browse the full "Arthroscopy Instrument Market by Product (Arthroscope, Arthroscopy Implants, Visualization Systems, Fluid Management Systems, RF Ablation Systems, and Powered Shavers), by Application (Knee Arthroscopy, Shoulder Arthroscopy, and Others), and by End User (Hospitals and Ambulatory Surgery Centers & Clinics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2024" report at http://www.zionmarketresearch.com/report/arth...ent-market
Europe was the second largest regional market and is expected to show significant growth in the years to come, owing to rising prevalence of bone disorders and expected government funding for research and development.
Asia Pacific is expected to grow with the highest CAGR during the forecast period. In the Asia Pacific, China; India; Australia; and Japan will be the fastest growing markets in arthroscopy instrument. Growth is attributed to rapidly improving healthcare infrastructure and rising government funding for research in the region. Moreover, growing patient pool and rising demand for minimally invasive surgeries in the region is contributing to the arthroscopy instrument market in the region.
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Some of the key players in arthroscopy instrument market are Arthrex, DePuy Synthes, Smith & Nephew, CONMED, Stryker, Medtronic, Zimmer Biomet, B. Braun, Karl Storz, Olympus, MEDICON, Sklar, Millennium, and GPC Medical.
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This report segments the arthroscopy instrument market as follows:
Global Arthroscopy Instrument Market: Product Analysis
- Arthroscope
- Arthroscopy Implants
- Visualization Systems
- Fluid Management Systems
- RF Ablation Systems
- Powered Shavers
Global Arthroscopy Instrument Market: Application Analysis
- Knee Arthroscopy
- Shoulder Arthroscopy
- Others
Global Arthroscopy Instrument Market: End User Analysis
- Hospitals
- Ambulatory Surgical Centers & Clinics
Global Arthroscopy Instrument Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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