Arthroscopy Instrument Market trends shows a rapid growth by 2023
Arthroscopy Instrument Market
, 15 April 2019
-- The demand for arthroscopy instrument market has grown significantly due to the rising geriatric population who are more susceptible to get injured. Moreover, rising number of ambulatory surgery centers, increasing sports-related injuries, and availability of technically advanced instruments has also benefited this market.
Arthoscope is now a trusted and a developed method for surgery used by various surgeons and doctors across the globe. This device has a camera, fiber optic light, small lens, and monitor, which is inserted in the bones of the patient to examine and treat the damaged area. This technique is widely used for treating injuries in knee, shoulders, elbow, hips, wrists, and ankles.
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The global arthroscopy instrument market is diverse, observing demand from various segments and several applications. The key segments in which this market can be segmented include product, end-user, and application. In terms of end-user, the market can be segmented into arthroscopy implants, arthroscope, visualization systems, RF ablation systems, fluid management systems, and powered shavers.
The demand for arthroscopy instrument has grown significantly due to the rising geriatric population who are more susceptible to get injured. Moreover, rising number of ambulatory surgery centers, increasing sports-related injuries, and availability of technically advanced instruments has also benefited this market. In addition, growing preference for minimally invasive surgery that are much better than traditional surgery as it is capable of innovative pain mapping process and results in shorter recovery process will further demand in this market. Considering these factors, the global arthroscopy instrument market is likely to grow at a high growth rate in coming years.
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From regional point of view, the global arthroscopy instrument market covers Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Among these regions, North America is expected to dominate the market during the forecast tenure. As around 2 million sports-related surgeries were performed in the U.S. itself made this region lead the global arthroscopy instrument market. Most importantly, presence of major players in the regions further augmented the North America arthroscopy instrument market. Europe is likely to offer lucrative growth opportunity for this market due to the increasing government support in research and development and rising prevalence of bone-related disorders.
Emerging economies in Asia Pacific are also expected to contribute in the growth of this market. Large number of geriatric population, rising expenditure on healthcare, and growing demand for minimally invasive surgeries are some of the key factors stoking up the arthroscopy instrument market in Asia Pacific.
In order to understand prevailing competition in the market, the report also gives information on some of the leading players operating in the global arthroscopy instrument market. The report presents strengthen and weaknesses of these companies and provides information about various strategies used by these players. Developing new products, innovation, expanding business through mergers, acquisitions, and partnership are some of the key strategies used by the leading players. Moreover, information provided in this section helps in gaining competitive edge and expanding their customer base. Arthrex, Smith & Nephew, DePuy Synthes, CONMED, Medtronic, Stryker, Zimmer Biomet, MEDICON, B. Braun, Karl Storz, Sklar, Millennium, Olympus, and GPC Medical are some the leading players functioning in the global arthroscopy instrument market.
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Submitted by hawer on Monday, 15 April 2019 at 8:58 PM
Category: Health Care & Medical
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