Arthroscopy Devices Market - Size & Upcoming Industry Trends 2024-2032

Arthroscopy Devices Market Synopsis:

Arthroscopy Devices Market Size Was Valued at USD 6.65 Billion in 2023, and is Projected to Reach USD 14.80 Billion by 2032, Growing at a CAGR of 9.3% From 2024-2032.

The arthroscopy devices market refers to a spectrum of surgical tools and techniques that are deployed to perform minimally invasive surgeries on joint-related complications. These devices are mainly being used in arthroscopic surgeries which involve surgeries of joints which includes knee, shoulder and hip surgery. The market includes products for arthroscopy, visualization, hand instruments and radiofrequency devices, applicable to various specialties within hospitals, ambulatory surgical centres and specialty clinics or surgery centres. Thus, the market is expected to experience a rapid growth due to such factors as a growing demand for the minimally invasive procedures, new technologies, higher percentage of elderly population, and rising incidence of sports injuries.

Global arthroscopy devices market is showing adequate growth during the past few years because of the increasing orthopaedic disorders and the growing number of arthroscopic surgeries all over the world. Laparoscopic procedures are becoming more common because of various benefits over conventional open operations including short post-operative convalescence period, fewer complications, and less conspicuous scars, and operative arthroscopy is a sub-set that is gaining popularity with both surgeons and patients. Also, other factors like development in imaging services, high definition imaging and improved visualization systems also have played a role in extending the market size and operations for arthroscopic surgeries in the future.

In addition, the global population has gradually aged and has joint-related problems, while the number of sports injuries has increased, which has also greatly stimulated the demand for arthroscopy devices. This has stimulated the patients to opt for the operations, as well as the growing understanding of minimally invasive surgical procedures. In addition, the demand for better treatment and drastic reduction in cost is the major reasons that make the healthcare providers to opt for the new arthroscopic technologies thus driving this market. Honing of new technologies and modernities like robotic control and artificial intelligence to the bolster of arthroscopy devices to increase the future scope for growth in this market will also benefit the surgeons in increased meticulous and control while operating the procedures.

Arthroscopy Devices Market Trend Analysis:

Increased Adoption of Robotic-Assisted Arthroscopy

• The growing incidence of robotic assisted arthroscopy has emerged as key trends in the arthroscopy devices market. Robotic systems offer the surgeon greater directions, accuracy and maneuverability than the conventional arthroscopic approach. Such systems facilitate the performance of intricate procedures in a better manner by providing 3D display and instrumented that resemble the wrist movement of the human hand. This capability enables the intricate movements within the joint space to enable better treatment delivery to the patients. Since healthcare organizations aim at reducing post-surgery complications and at getting patients back into their daily routines as soon as possible, an increased adoption of robots in arthroscopic surgery is emerging.
• Technological advancements in the future appear set to introduce new innovations into robotics with additional areas of application of robotic assisted arthroscopy, across multiple joints and Campo, et.al, 2013/14. Such a trend further augments surgical effectiveness while simultaneously providing better results for the patients by allowing more accurate operations. It is believed that the new robotic technology will mark the future of orthopaedic surgery by placing it at the centre of arthroscopic surgery. With the growing population’s interest in sparing and efficient surgical procedures, the further development of robotic-assisted arthroscopy can be considered promising.

Expansion in Emerging Markets

• Launched markets in Asia-Pacific and Latin America represent a significant potential for arthroscopy devices market growth. Also, these regions have been rapidly embracing improved medical technologies with governments as well as private sectors put more effort in funding the developments in the health sector. This is mainly because, with increased awareness of the benefits of minimally invasive techniques, healthcare access is becoming increasingly accessible which in turn fuel the need for and demand for enhanced arthroscopy devices. Doubling this shift is a growing number of orthopaedic disorders that with an increase in the disposable income, the middle-class population. When customers Demand More Treatment for Joint Related Problems the Opportunity for Market Growth is Pervasive in Those Regions.
• For companies to be able to take advantage of these opportunities they need to understand the markets inside out and provide suitable products that meets the need of the healthcare providers in emerging markets. This deters to perceiving of the health status of the districts, legal requirements, and buying influences particular to the area. If new approaches to meeting local needs are considered, identified and adapted, firms can obtain competitive advantages and thus expand the share of the market. They remain potential giants in the international arthroscopy devices market and hold a promising prospect for growth in the future years.

Arthroscopy Devices Market Segment Analysis:

Arthroscopy Devices Market is Segmented on the basis of Type, Application, End User, and Region

By Type, biologics segment is expected to dominate the market during the forecast period

• The arthroscopy devices market can be broadly divided into the following product types: arthroscopes, visualization systems, hand instruments and radiofrequency devices, biologic products and others. Arthroscopes are the primary instruments used in limited invasive joint surgery; they allow the surgeon to view joint interiors in detail.
• Visualization systems encompassing image amplification technologies make the field of view clear and distinct, thus improving on the decision-making process during operations. Hand instruments include several tools utilized to make movements on the tissue and perform some exhaustive surgical functions, whereas the radio frequency devices are utilized in the destruction of tissue and blood coagulation. Autografts, allografts, or stem cells are common biologic supplements used in joint repairs to augment healing. Extra products also fall under the “others” category to ensure customers are presented with a vast array of devices they may require for arthroscopic procedures, as well as other surgeries the healthcare facilties or the orthopaedic surgeons may need.

By Application, knee arthroscopy segment expected to held the largest share

• The arthroscopy devices market has been categorized based on applications into specific major sections such as knee arthroscopy, shoulder arthroscopy, hip arthroscopy Ankle arthroscopy and other applications. Knee arthroscopy is the most widespread procedure used to diagnose and treat various knee problems including ligament rupture, meniscus and cartilage injuries. As a minimally invasive procedure surgery has many benefits including shorter recovery time and less postoperative pain making it the surgeon and patient’s favorite. Shoulder arthroscopy is also proving popular as it is markedly useful in such pathologies as rotator cuff tears and impingement syndromes, as is hip arthroscopy which is increasingly utilized in the treatment of hip labral tears and femoroacetabular impingement. Although rare, ankle arthroscopy is used to treat issues such as ankle joint stenosis, or impingement, and chronic instability, although the application of arthroscopic methods can be used in myriad joint disorders. only performed procedure, primarily utilized for diagnosing and treating a range of knee conditions such as ligament tears, meniscus injuries, and cartilage damage. Its minimally invasive nature allows for quicker recovery times and less postoperative pain, making it a preferred choice among both surgeons and patients. Shoulder arthroscopy is also gaining traction, as it effectively addresses common issues like rotator cuff tears and impingement syndromes, while hip arthroscopy is increasingly recognized for its role in treating hip labral tears and femoroacetabular impingement.
• Ankle arthroscopy, although less prevalent, is employed to manage conditions like ankle joint impingement and chronic instability, highlighting the versatility of arthroscopic techniques across various joint-related disorders. Being less numerous, all the other applications that can be performed arthroscopically are grouped in the “others” category that demonstrates the broadening of the arthroscopy role in Orthopedic practice. This segmentation seems to highlight that there is a increased use of arthroscopy devices in various anatomical areas, and specialty fields due to improvements in techniques, product technology and an increased preference from the patient for minimally invasive procedures. Since many healthcare providers are embracing these unique strategies, the arthroscopy devices market will grow due to the provision of efficient solutions to numerous orthopaedic complications.

Arthroscopy Devices Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• In 2023 North America has a greater market share in the arthroscopy devices market for several reasons including improved healthcare facility, high demands for minimally invasive techniques, and the presence of some key players. The United States is the largest player in this market, with an approximate market share of about 45% of the total arthroscopy devices market share globally.
• These include; There is a growing ageing population, there is increased incidence of Orthopaedic disorders, and Sports activities resulting in injuries that require arthroscopic procedures.Further, the constant technological developments and the augmentation of qualitatively new products also contribute to the leadership of North America in the market.

Active Key Players in the Arthroscopy Devices Market:

• Arthrex (USA)
• CONMED Corporation (USA)
• DePuy Synthes (USA)
• Healicoil (USA)
• Medtronic (USA)
• Olympus Corporation (Japan)
• Smith & Nephew (UK)
• Stryker Corporation (USA)
• TSBM (China)
• Wright Medical Group N.V. (USA)
• Zimmer Biomet (USA)
• Karl Storz (Germany)
• Aesculap (Germany)
• Richard Wolf (Germany)
• MAXIM Medical (USA)
• Other Active Players