The arthroscopy devices market share is expected to increase by USD 1.70 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.4%. This arthroscopy devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The arthroscopy devices market report also offers information on several market vendors, including Arthrex Inc., B. Braun Melsungen AG, CONMED Corp., Johnson & Johnson, Medtronic Plc, Olympus Corp., RTI Surgical Holdings Inc., Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc. among others. Furthermore, this report extensively covers arthroscopy devices market segmentation by product (arthroscopic implants, arthroscopy instruments and accessories, and arthroscopes) and geography (North America, Europe, and Asia).

What will the Arthroscopy Devices Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Arthroscopy Devices Market Size for the Forecast Period and Other Important Statistics

"Advanced arthroscopes are in huge demand from the end-users due to the recent technological advancements." 

Arthroscopy Devices Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing prevalence of orthopedic disorders coupled with an aging population is notably driving the arthroscopy devices market growth, although factors such as high cost of implants and instruments may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the arthroscopy devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Arthroscopy Devices Market Driver

One of the key factors driving the arthroscopy devices market growth is the increasing prevalence of orthopedic disorders coupled with an aging population. Limited physical activity and eating habits can negatively influence the body's homeostasis. This complication intensifies with aging, making most people aged 60 years and above susceptible to orthopedic diseases such as arthritis. Osteoarthritis in people of this age group can affect the joints and put stress on the knees, hips, and lower spine. Arthritis, trauma, back pain, and osteoporosis are the most common joint problems worldwide. The CDC estimated that 10% of the adults over 50 years of age have osteoporosis or lumbar spine-related pain, and roughly one-half of them had low bone mass at either of these two skeletal sites. According to the CDC, in 2019, about 65.6% of adults aged over 65 years and above visited dentists. Such an increase in the prevalence of orthopedic disorders requires arthroscopy devices for the fixation or binding of joint disorders. Thus, the increasing number of orthopedic disorders will increase the demand for arthroscopy devices.

Key Arthroscopy Devices Market Trend

Growing popularity of physician-owned ASCs are the major trend influencing the arthroscopy devices market growth. The major factor that fuels the growth of these physician-owned ASCs is less procedure timing, as most of the surgeries are performed within 24 hours. For instance, a knee arthroscopy procedure can be done in 28 minutes in ASCs.. The reimbursement payment is also increasing steadily for some approaches like arthroscopy, with an average increase of 3% every year. Also, reimbursements for outpatient settings are lower compared to hospitals, and the chances of reimbursement are minimal in out-patient settings. This will also encourage the surgeons to opt for minimally invasive procedures for the treatment of many orthopedic disorders in an outpatient facility. The practice of minimally invasive surgeries in emerging markets such as Brazil, India, and China is likely to witness an increase in the number of physician-owned ASCs. This enables surgeons to have more control for opting for highly advanced MI surgeries for the treatment of various critical orthopedic ailments, sports injuries, and accident cases.

Key Arthroscopy Devices Market Challenge

High cost of implants and instruments is one of the key challenges hindering the arthroscopy devices market growth. The cost of arthroscopy implants and instruments is highly expensive as the cost of raw materials used in manufacturing these devices consist of expensive materials like metal alloys, titanium, cobalt, and other bioabsorbable materials. The price of arthroscopic implants used in the shoulder, knee, hip, ankle, and other small joint surgeries vary, and the price of implants will be determined as per the severity and condition of the damaged area. For knee arthroscopy, the price ranges from $4,899 - $8,000; for hip arthroscopy, the average cost ranges from $15,000 - $59,000; for shoulder arthroscopy, the average cost ranges from $700 - $6,000 depending upon the type of injury. Procurement of these devices involves many procedures and various budget allocation considerations before making the buying decision. Equipment maintenance is another factor that adds to the financial burden of the end-users. Also, this market lacks competitive pricing, where leading players are fixing their own prices, minimizing the bargaining power of buyers to low levels. Thus, the usage of these products subject to their prices, which could directly affect the growth of the market.

This arthroscopy devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global arthroscopy devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the arthroscopy devices market during the forecast period.

Who are the Major Arthroscopy Devices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Arthrex Inc.
• B. Braun Melsungen AG
• CONMED Corp.
• Johnson & Johnson
• Medtronic Plc
• Olympus Corp.
• RTI Surgical Holdings Inc.
• Smith & Nephew Plc
• Stryker Corp.
• Zimmer Biomet Holdings Inc.

This statistical study of the arthroscopy devices market encompasses successful business strategies deployed by the key vendors. The arthroscopy devices market is fragmented and the vendors are deploying growth strategies such as new product launches and advances in technology to compete in the market.

Product Insights and News

• Arthrex Inc. - It is a set of endoscopes and instruments associated with minimally invasive surgical procedure on hipjoint used for an examination and treatment of damage.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The arthroscopy devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Arthroscopy Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the arthroscopy devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Arthroscopy Devices Market?

For more insights on the market share of various regions Request for a FREE sample now!

40% of the market's growth will originate from North America during the forecast period. US is the key market for arthroscopy devices in North America. Market growth in this region will be faster than the growth of the market in Europe regions.

Owing to the presence of many global players and favorable reimbursement for arthroscopy will facilitate the arthroscopy devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected all countries in North America, especially the US. It had a mixed impact on the arthroscopy devices market in the region in 2020. A rise in the number of COVID-19 cases in the first quarter of 2021 led to partial lockdowns in several countries, including Canada and Mexico. Thus, various non-urgent treatments and clinical visits were partially or completely closed as per the COVID-19 guidelines. Some of the scheduled treatments were either delayed or postponed. Hence, the adoption of arthroscopy devices decreased to an extent, which impacted the market's growth in 2020 and in Q1 2021. However, by the second half of 2020, the restrictions in various countries were somewhat relaxed, which included resuming business activities and offering essential services, including arthroscopy procedures. The relaxation of such restrictions will encourage people to go for health checkups and treatments, which will drive the growth of the arthroscopy devices market in North America during the forecast period.

What are the Revenue-generating Product Segments in the Arthroscopy Devices Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The arthroscopy devices market share growth by thearthroscopic implants will be significant during the forecast period. Arthroscopy implants constitute a major share of the market owing to the growing need for treating increased orthopedic disorders. The incidence of orthopedic disorders requiring early and accurate diagnosis has fueled the growth of the arthroscopy devices market. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the arthroscopy devices market size and actionable market insights on post COVID-19 impact on each segment.

Request for a FREE sample

What are the Key Data Covered in this Arthroscopy Devices Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive arthroscopy devices market growth during the next five years
• Precise estimation of the arthroscopy devices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the arthroscopy devices industry across North America, Europe, and Asia
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of arthroscopy devices market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch