An Arthroscopy is a procedure for diagnosing and treating joints related problems. It is used commonly to deal with the knees, wrist, ankles, elbows and shoulders. The rising awareness of different sports, many youngsters are involved in outdoor activities, which has increased injuries related to sports. Moreover, rise in obesity, growing aging population, and also increasing prevalence of musculoskeletal disorders such as rheumatoid arthritis, bone tumor, osteoarthritis and others are the drivers for the growth of this market. The report is considering advance and conventional medical equipments. The report provides a key trend that affects market growth, technology offerings and competitive landscape.
Advancement in the technologies to innovate novel products and the support from regulatory bodies for research and development provides opportunity for the growth of this market. The stringent taxation policies and reimbursement issues are limiting the growth of arthroscopy growth market.
Arthroscopy Devices Market Analysis by Types
On the basis of its types, global arthroscopy devices market is segmented into arthroscopy Shavers, arthroscopes, arthroscopy radiofrequency system, arthroscopy fluid management system, arthroscopy visualization system and arthroscopy implants. The arthroscopy visualization system is the highest revenue-generating segment in the overall types of devices due to growing demand for high-tech devices such as better quality of pictures and videos benefiting both the physicians and patients.
Arthroscopy Devices Market Analysis by Geography
The geography market is segmented into various regions such as North America, Europe, Asia Pacific and LAMEA, where North America has the highest revenue in the market. However, Asian countries such as India and China would have high growth rate due to low taxation, increase in disposable incomes and investment friendly environment augmenting the growth of Arthroscopy devices market in Asia-pacific regions.
The key companies profiled in this report are Conmed, Smith & Nephew, Arthrex, Stryker and Depuy Synthes. Arthrex has recently launched web-based software, which has unique and powerful quality of endoscopic visualization system that helps to increase OR efficiency, enhance patient satisfaction and reduce increasing infrastructure costs.
HIGH LEVEL ANALYSIS
Many companies have developed innovative marketing strategies for selling different arthroscopic products and its procedures for the growth of this market. The report analyses the potency of suppliers and buyers along with threats of new entrants and substitute products based on the Porter’s five force analysis. The key investment pockets are analyzed in the report based on the growth estimations of the application segment.
The market is segmented into types and geographies as follows: