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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
Growing occurrence of musculoskeletal injuries with the proliferation of sports activities and desire of injured athletes to resume sports activities as soon as possible and increased awareness among people with respect to minimally invasive surgical procedures are expected to drive the market growth. The market is expected to grow with a rise in the number of arthroscopy procedures across the globe. Advances in the equipment and devices used in the arthroscopy procedures, such as improvements in visualisation, imaging, and fluid management, combined with regulatory approvals and reimbursement policies available for expanded indications, are the factors that are significantly augmenting the market growth globally.
Industry Definition and Major Segments
Arthroscopy is a surgical procedure that surgeons use to examine, diagnose, and treat joint issues. It is usually a simple surgery that is done as an outpatient treatment, with the patient being able to go home the same day. When a joint is inflamed, injured, or damaged, an arthroscopy may be advised. Any joint, including the shoulder, ankle, knee, hip, elbow, and wrist, can be viewed with an arthroscope. Arthroscopy is a procedure that involves inserting an arthroscope into a joint through tiny incisions.
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By product, the market is segmented into:
- Pump Management Disposables
- Gravity Management Disposables
By application, the market is divided into:
- Medical Centres
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
With increasing disposable income and a higher quality of living, the public has become more receptive to arthroscopy. Another factor that is likely to propel the market expansion is increased awareness and adoption of medical insurance. The rising prevalence of osteoarthritis is increasing the patient pool, which is expected to boost the growth of the global market. The market leaders are engaged in various product launches and development activities focusing on orthopaedic surgical treatments to increase their market presence globally. Various government initiatives and the rising geriatric population are further propelling the market growth. The increasing healthcare infrastructure and the growing number of hospital visits by patients are further boosting the market growth.
Key Market Players
The major players in the market are Arthrex, Stryker, Smith and Nephew, DePuy, Zimmer Biomet, ConMed, and Karl Storz, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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