Arthroscopy Devices And Equipment Market Valuation Expected To Reach $8.4 Billion By 2029, Growing At A Rate Of 8.4%
Discover trends, market shifts, and competitive outlooks for the arthroscopy devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Arthroscopy Devices And Equipment Market Expected to Grow Between 2025 And 2029?
The size of the arthroscopy devices and equipment market has seen solid growth in the last few years. It is projected to increase from $5.69 billion in 2024 to $6.07 billion in 2025, which represents a compound annual growth rate (CAGR) of 6.8%. The prior growth can be linked to a number of factors, including the incidence of orthopedic conditions, the use of minimally invasive surgery, an aging population, and the field of sports medicine.
In the forthcoming years, the arthroscopy devices and equipment market is anticipated to witness robust growth, with its size increasing to $8.4 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.4%. The expansion during the forecast period can be credited to the burgeoning growth of emerging markets, regulatory backing and reimbursement, telehealth and remote consultation, and value-based healthcare. Key trends projected during this timeframe encompass augmented reality (AR) and virtual reality (VR), 3D imaging and printing, artificial intelligence (AI), as well as sustainable practices.
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Which Factors and External Forces Are Driving Demand in the Arthroscopy Devices And Equipment Market?
The surge in the aging population is predicted to propel the market for arthroscopy devices and equipment in the future. Elderly people are more susceptible to various orthopedic ailments such as arthritis, rheumatoid arthritis, and osteoarthritis. As the number of individuals transitioning into old age increases so does the probability of diseases like osteoarthritis and other joint disorders, usually demanding arthroscopic interventions for diagnosis and treatment. For instance, data from the World Health Organization, a US-based specialized health agency, stated in October 2022 that by 2030, 1 in 6 people globally will be 60 or over. The figure is anticipated to double by 2050, reaching 2.1 billion. Thus, the escalating elderly population is likely to stimulate the market throughout the predicted period.
Which Segments in the Arthroscopy Devices And Equipment Offer the Most Growth?
The arthroscopy devices and equipment market covered in this report is segmented –
1) By Product: Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Radiofrequency System, Arthroscopy Visualization System, Arthroscopy Implants
2) By Application: Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Shoulder & Elbow Arthroscopy, Other Applications
3) By End User: Hospitals, Ambulatory Care, Trauma Centers
Subsegments:
1) By Arthroscopes: Rigid Arthroscopes, Flexible Arthroscopes
2) By Arthroscopy Shavers: Electric Arthroscopy Shavers, Pneumatic Arthroscopy Shavers
3) By Arthroscopy Fluid Management System: Gravity-Based Fluid Management Systems, Pump-Based Fluid Management Systems
4) By Arthroscopy Radiofrequency System: Monopolar Radiofrequency Systems, Bipolar Radiofrequency Systems
5) By Arthroscopy Visualization System: Video Arthroscopy Systems, High-Definition Visualization Systems
6) By Arthroscopy Implants: Knee Arthroscopy Implants, Shoulder Arthroscopy Implants, Hip Arthroscopy Implants
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What Are the Fastest-Growing Geographies in the Arthroscopy Devices And Equipment Market?
North America was the largest region in global arthroscopy devices and equipment market in 2023. Western Europe was the second-largest region in global arthroscopy devices and equipment market. The regions covered in the arthroscopy devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Are the Current Market Growth and Trends in the Arthroscopy Devices And Equipment Industry?
Major firms in the arthroscopy devices and equipment market are shifting their focus towards the development of innovative tools such as the Single-Use, 4K, Battery Operated Cordless Arthroscope to increase surgical accuracy, enhance patient results, diminish infection risks, and offer more flexibility and convenience during minimal invasive procedures. The Single-Use, 4K, Battery Operated Cordless Arthroscope is a specialized device used in minimal invasive joint surgeries, engineered to deliver high-definition, real-time pictures for surgeons. As an illustration, Integrated Endoscopy, a medical devices manufacturing company based in the US, unveiled their Gen II NUVIS Single-Use, 4K, Battery Operated Cordless Arthroscope in November 2022, signifying a noteworthy leap in terms of arthroscopic surgical technology. This revolutionary device is engineered to tackle the limitations of conventional reusable arthroscopes, with improved image quality and operative efficiency.
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What Are the Key Elements That Define the Arthroscopy Devices And Equipment Market?
Arthroscopy devices and equipment are used in arthroscopy procedures (a minimally invasive procedure) for the diagnosis and treatment of joint problems such as torn cartilage, ACL, and sports-related injuries of the hip, knee, shoulder, spine, ankle, wrist, and elbow.
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