Global arthroscopy devices market is anticipated to grow at a moderate CAGR of 4.9% during the forecast period (2024-2031). A major factor supporting the market growth is the increasing knee arthroscopy. Degenerative knee disease is a globally occurring phenomenon among the elderly, which is gaining prevalence due to an increase in the global geriatric population. For instance, In February 2021, according to World Health Organization, approximately 28.0% of people older than 50 years experience knee pain from degenerative knee disease. Arthroscopic knee surgery for degenerative knee disease is the most common orthopedic procedure in the US and other developed countries. The demand for knee arthroscopy is increasing globally, due to the increasing prevalence of sports injuries, particularly those acquired in contact sports.
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Osteoarthritis of the knee is a leading cause of morbidity and disability in the US. For instance, In September 2021, according to the Centers for Disease Control and Prevention (CDC), a person’s average lifetime risk for symptomatic kneeosteoarthritis is almost 50.0%. Knee arthroscopy has become one of the most commonly performed orthopedic procedures to treat knee osteoarthritis. The latest National Health Statistics Report from the Centers for Disease Control and Prevention states that approximately 18,572,000 knee arthroscopies were performed in 2021. Many of these procedures were performed to treat pain attributed to knee osteoarthritis. Thus, the increasing cases of osteoarthritis of the knee are generating the need for arthroscopy devices, which is fueling the market. Moreover, the rising number of athletic knee injuries is another prominent aspect contributing to market growth. For instance, the US Centers for Disease Control and Prevention reported that approximately 32.5 million individuals were diagnosed with Osteoarthritis in 2020. Hence, the escalating incidence of joint disorders is positively impacting the expansion of the arthroscopy devices market as more & more patients seek minimally invasive procedures for such conditions.
Global Arthroscopy Devices Market Report Segment
By Type
- Arthroscopes
- Arthroscopic Implants
- Fluid management systems
- Radiofrequency systems
- Visualization systems
- Powered Shavers
By Application
- Knee Arthroscopy
- Hip arthroscopy
- Spine Arthroscopy
- Shoulder and elbow arthroscopy
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Arthroscopy Devices Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- ACTEON Group
- Bioventus
- Breg, Inc.
- DePuy Synthes (Medical Device Business Services, Inc.)
- EndoMed Systems GmbH
- Enovis Corp.
- Flexion Therapeutics
- Gimmi GmbH
- Globus Medical
- Henke Sass Wolf GmbH
- Johnson & Johnson Pvt Ltd.
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