Handheld Arthroscopic Instruments Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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What is the Projected Growth Rate of the Handheld Arthroscopic Instruments Market from 2024 to 2033?
The handheld arthroscopic instruments market size expanded steadily, anticipated to grow from $3 billion in 2023 to $3.19 billion in 2024, with a CAGR of 6.3%. Growth during the historical period was driven by increased government and private spending, adoption of disposable instruments, emphasis on surgical efficiency, and the rise of ambulatory surgical centers (ASCs).
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What Are the Key Drivers of Growth in the handheld arthroscopic instruments Market?
The increasing number of knee implant patients is expected to drive the growth of the handheld arthroscopic instrument market. The rise in knee implant procedures is due to an aging population, a higher prevalence of osteoarthritis, and advancements in surgical techniques. Handheld arthroscopic instruments enhance knee implant surgeries by allowing minimally invasive procedures with greater precision. According to the Canadian Institute for Health Information, hip and knee revision surgeries in Canada grew by 4.6% in 2023, with 8,942 procedures performed in 2021–2022. As a result, the growing number of knee implant patients is contributing to the expansion of the handheld arthroscopic instrument market.
What Are the Notable Segments in the Handheld Arthroscopic Instruments Market?
1) By Type: Disposable Handheld Arthroscopic Instrument, Reusable Handheld Arthroscopic Instrument
2) By Product Type: Knives, Graspers, Scissors, Other Product Types
3) By Application: Knee Surgery, Shoulder Surgery, Hip Surgery, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers (ASCs1), Specialty Clinics
Which Emerging Trends Are Altering the 234 Market?
Companies in the handheld arthroscopic instruments market are advancing products like the 4K single-use surgical arthroscope to improve surgical precision and patient outcomes. These disposable instruments eliminate the need for cleaning, reducing the risk of infection. In November 2023, Pristine Surgical launched the Summit 4K single-use surgical arthroscope. This device features high-definition 4K imaging and integrates with Pristine Connect, a cloud-based system for managing surgical images and inventory. The single-use format offers cost savings and eliminates maintenance challenges, making it a valuable option for healthcare facilities.
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Which Regions Are Most Influential in Expanding the Handheld Arthroscopic Instruments Market?
North America was the largest region in the handheld arthroscopic instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handheld arthroscopic instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Handheld Arthroscopic Instruments Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the handheld arthroscopic instruments market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Handheld Arthroscopic Instruments Market Include
1. Handheld Arthroscopic Instruments Market Executive Summary
2. Handheld Arthroscopic Instruments Market Segments
3. Handheld Arthroscopic Instruments Market Size And Template Market Growth Rate
4. Key Handheld Arthroscopic Instruments Market Trends
5. Major Handheld Arthroscopic Instruments Market Drivers
……
25. Key Mergers And Acquisitions In The Handheld Arthroscopic Instruments Market
26. Top Handheld Arthroscopic Instruments Companies
27. Handheld Arthroscopic Instruments Market Opportunities And Strategies
28. Handheld Arthroscopic Instruments Market, Conclusions And Recommendations
29. Appendix
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