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Global Arthroscopy Procedures and Products Market Is Poised to Reach US$ 8,621.3 Million by 2027 – Coherent Market Insights

Arthroscopy, also known as arthroscopic or keyhole surgery, is a minimally invasive surgical procedure on a joint. An arthroscope, a device with a camera is inserted into the joint through a small incision in arthroscopy.

The global arthroscopy procedures and products market is estimated to account for US$ 5,661.4 Mn in terms of value by the end of 2019.

Market Drivers:

Increasing R&D in bioinductive implants is expected to boost growth of the global arthroscopy procedures and products market. For instance, in November 2019, Smith+Nephew announced that a clinical study demonstrated positive outcome in treatment of large and massive rotator cuff tears using its REGENETEN Bioinductive Implant. The implant is delivered arthroscopically through a small incision over the location of the rotator cuff tendon injury.

Increasing geriatric population is also expected to boost growth of the market over the forecast period. Aging contributes to soft tissue degeneration and related-disorders, which increases demand for arthroscopy procedures. According to the World Health Organization, the share of geriatric population is expected to increase from 12% to 22% between 2015 and 2050.

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Market Opportunities:

Key players in the market can focus on introducing new techniques that use arthroscopy procedures and products. For instance, in August 2019, Crystal Clinic Orthopaedic Center developed two novel techniques for patients with anterior cruciate ligament (ACL) injuries and cartilage loss in joints. One of those techniques, FlashFixTM uses arthroscopic repair/reconstruction combined with a collagen-platelet-rich-plasma composite to promote healing.

Increasing prevalence of articular cartilage defects (ACD) in the patellofemoral (PF) region of the knee joint is also expected to boost growth of the market. For instance, in April 2018, a study, ‘The Patello-Femoral Joint Degeneration and the Shape of the Patella in the Population Needing an Arthroscopic Procedure’, found that the patients with the Wiberg type III patella shape had a higher incidence and larger size of ACD in the PF of the knee compared to the groups of Wiberg type I and II.

Market Restraints:

Arthroscopy may lead to tissue or nerve damage and the placement and movement of the instruments within the joint can damage the joint's structures. These factors are expected to hinder growth of the global arthroscopy procedures and products market.

Key Takeaways:

The Arthroscopic Implants segment in the global arthroscopy procedures and products market was valued at US$ 3,486.0 Mn in 2018 and is expected to reach US$ 5,858.3 Mn by 2027 at a CAGR of 5.7% during the forecast period. The growth of the segment is attributed to increasing patient population and increasing research and development.

Market Trends:

Increasing R&D to reduce the degree of fluid extravasation in knee arthroscopy is expected to boost growth of the market. Arthroscopic surgery of the shoulder joint is widely used instead of open surgery. However, it can be life-threatening due to complication of fluid extravasation into the surrounding tissues. However, a study in May 2018 by researchers from McMaster University Fluid found that fluid extravasation is most commonly managed nonoperatively and symptoms typically resolve with no evidence of long-term complications.

Increasing clinical trials to assess the safety of hyperosmolar saline irrigation fluid in arthroscopic knee surgery is also expected to offer lucrative growth opportunities for market players.

Competitive Landscape:

Arthrex, Inc., CONMED Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Olympus Corporation, Richard Wolf GmbH, and Stryker Corporation.

Key Developments

  • Key players in the market are focused on conducting clinical trials related to arthroscopy. For instance, in December 2018, Arthrex, Inc. assessed whether patients with rotator cuff tear arthropathy benefit from the Univers Revers shoulder prosthesis in terms of low complication risk, as well as high function and quality of life.
  • Mayo Clinic is conducting a randomized controlled trial comparing inter-portal hip capsular repair vs. no repair following hip arthroscopy. The study is expected to be complete in December 2023.

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Market Segmentation:

  • Arthroscopy Procedures and Products Market, By Product Type:
    • Arthroscopes and Visualization Systems
    • Arthroscopic Resection Systems
    • Arthroscopic Fluid Management Systems
    • Arthroscopic Implants
    • Arthroscopy Radiofrequency (RF) Systems
    • Arthroscopic Drills and Fixation Systems
    • Other Arthroscopy Instruments and Accessories
  • Arthroscopy Procedures and Products Market, By Procedures:
    • Shoulder Arthroscopy
    • Hip Arthroscopy
    • Knee Arthroscopy
    • Elbow Arthroscopy
    • Small Joints Arthroscopy
    • Others
  • Arthroscopy Procedures and Products Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa

Contacts:

Mr. Raj Shah
Coherent Market Insights
1001 4th Ave.
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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