The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s arthroscopy devices and equipment market report forecasts the arthroscopy devices and equipment market size to grow to$7.43 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
Learn More On The Arthroscopy Devices And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/arthroscopy-devices-and-equipment-global-market-report
Arthroscopy Devices And Equipment Market Size Forecast
The global arthroscopy devices and equipment market is expected to grow from $5.27 billion in 2022 to $5.64 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The arthroscopy devices and equipment market size is expected to grow to $7.43 billion in 2027 at a CAGR of 7.1%.
North America held the largest arthroscopy devices and equipment market share.
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Key Arthroscopy Devices And Equipment Market Trend – Witnessing A Rise In Mergers And Acquisition Activity
Major companies in the arthroscopy device market strategically acquired start-ups and mid-sized companies to broaden their products and services. For instance, in 2020, Olympus Corporation acquired FH ORTHO SAS. The acquisition is in line with Olympus’ commitment for expanding its footprint in the field of orthopaedic minimally invasive surgery. FH ORTHO SAS is a n international orthopaedic company.
Arthroscopy Devices And Equipment Market Segment
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
Arthroscopy Devices And Equipment Market Major Players and Strategies
Major players in the arthroscopy devices and equipment market are Arthrex Inc., Smith & Nephew, ConMed Corporation, Stryker, Medtronic, Karl Storz SE & CO. KG, ArthroCare, Richard Wolf Gmbh, Karl Storz SE & CO. KG, and DePuy Synthes Companies.
In January 2021, Smith+Nephew, a company operating in the arthroscopy devices and equipment based in the UK acquired Extremity Orthopaedics for a deal amount of $240 million. With this acquisition, Smith+Nephew expands and strengthens its portfolio in extremities. Extremity Orthopaedics is a company operating in medical technology and arthroscopy devices and equipment market-based in the United States.
The Arthroscopy Devices And Equipment Global Market Report 2023 covers regional data on arthroscopy devices and equipment market size, arthroscopy devices and equipment market trends and drivers, opportunities, strategies, and arthroscopy devices and equipment market competitor analysis. The countries covered in the arthroscopy devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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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