Arthroscopic Shaver Market Overview:
As per MRFR analysis, the Arthroscopic Shaver Market Size was estimated at 676.79 (USD Billion) in 2022. The Arthroscopic Shaver Market is expected to grow from 706.16 (USD Billion) in 2023 to 1,035.4 (USD Billion) by 2032. The Arthroscopic Shaver Market CAGR (growth rate) is expected to be around 4.34% during the forecast period (2024 - 2032).
Key Arthroscopic Shaver Market Trends Highlighted
The arthroscopic shaver market continues to witness advancements in technology, driven by the increasing adoption of minimally invasive surgical procedures.
The demand for arthroscopic shavers is fueled by factors such as the rising prevalence of joint disorders, sports injuries, and the growing geriatric population. These devices offer advantages, including reduced invasiveness, shorter recovery times, and improved patient outcomes.
Key market drivers include advancements in visualization technologies, the development of smaller and more precise devices, and the expansion of arthroscopic applications beyond orthopedic surgery.
Opportunities for growth lie in the exploration of innovative technologies such as robotic assistance and the integration of artificial intelligence.
Recent trends include the adoption of disposable shaver blades for improved efficiency and infection control, as well as the development of shavers with multidirectional cutting capabilities for enhanced precision.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Arthroscopic Shaver Market Drivers
Growing Prevalence of Orthopedic Conditions
There has been a rise in the prevalence of orthopedic conditions such as osteoarthritis, rheumatoid arthritis as well as sports injuries globally.
This is mainly due to the aging population, prevalence of obesity among the population and the increase of individuals involved in sports and recreational activities. Arthroscopic shavers are used in the removal of damaged tissue and bone in arthroscopic procedures.
They are surgical wares that are minimally invasive and used to access, investigate, and treat joints through little inserts made in the skin performing arthroscopic.
The rise in volumes of arthroscopic procedures has driven the growth of the arthroscopic shaver market. Several factors might drive the rise in the demand for arthroscopic shavers as time goes on. First and foremost is the rise in the prevalence of orthopedic conditions.
Technological advancements have also been influential in the rise in the demand of the market. Through the advancements, more sophisticated arthroscopic shavers have been made that are quick and efficient and minimally invasive. Another factor contributing to the rise in demand for the product is the increase in health expenditure.
Technological Advancements
Technological advancements are playing a significant role in the growth of the arthroscopic shaver market. The development of new and more advanced arthroscopic shavers is making arthroscopic procedures safer, more effective, and less invasive.
For example, some of the latest arthroscopic shavers feature high-definition cameras and advanced LED lighting systems, which provide surgeons with a clearer and more detailed view of the surgical site.
Other advancements include the development of new blade designs and materials, which are making arthroscopic shavers more efficient and durable.
Rising Healthcare Expenditure
Another factor driving the growth of the market is the rising healthcare expenditure. The ever-expanding healthcare expenditure has led to more Americans being able to afford arthroscopic procedures.
Moreover, the prevalence of government initiatives and favorable reimbursement policies has also facilitated the accessibility of these procedures, which in turn is driving the demand for Arthroscopic Shavers.
Arthroscopic Shaver Market Segment Insights:
Arthroscopic Shaver Market Procedure Insights
The Arthroscopic Shaver Market size of hip arthroscopy is estimated to generate USD 156.94 million by 2023 and is projected to account for 233.28 million by 2032, at a CAGR of 4.6% from 2024 to 2032.
Hip arthroscopy is anticipated to hold the largest market share among all the applications due to increasing hip injuries, such as labral tears, and hip impingements as well as the rising preference of minimally invasive surgical techniques.
The Arthroscopic Shaver Market size of shoulder arthroscopy is estimated to generate USD 234.08 million by 2023, 348.92 million by 2032, and grow at a CAGR of 4.9% from 2024 to 2032.
Increasing incidences of rotator cuff tears and shoulder injuries and the mounting demand for arthroscopic repair are pushing the growth of the shoulder arthroscopy segment.
The global market size of knee arthroscopy is projected to register USD 287.21 million by 2023 and is estimated to reach 425.16 million by 2032 and grow at a CAGR of 4.7% from 2024 to 2032.
The knee arthroscopy segment is anticipated to lead the market share as a result of the high incidence of knee injuries, such as anterior cruciate ligament tear and meniscus tears, along with the growing adoption of the arthroscopic procedure for knee surgeries.
The global market size of ankle arthroscopy is estimated to generate USD 67.29 million by 2023 and 2ill account for 99.72 million by 2032 and expand at a CAGR of 4.4% from 2024 – 2032.
The ankle arthroscopy segment is predicted to grow due to the increasing number of ankle sprains and the rise in ankle surgeries, which are in demand for minimally invasive surgical techniques.
The global market size of wrist arthroscopy is projected to earn USD 60. 64 million by 2023 and 90.32 million by 2032 and grow at a CAGR of 4.5% from 2024 – 2032.
The wrist arthroscopy segment is estimated to increase as wrist injuries, such as carpal tunnel syndrome (CTS) and triangular fibrocartilage complex tears, are augmenting along with the rising adoption of the arthroscopic method for wrist surgeries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Arthroscopic Shaver Market Power Source Insights
The Arthroscopic Shaver Market is segmented based on Power Source, into Electric, Pneumatic, and Hydraulic. Among these segments, the Electric segment held the largest share in 2023 and is expected to remain dominant across the forecast period.
The growth of this segment can be attributed to the increasing adoption of electric shavers, which offer ease of use, portability, and affordability. Pneumatic shavers are anticipated to grow at a significant rate over the forecast period, owing to the high power and efficiency offered by these instruments.
Hydraulic shavers are expected to expand at the lowest rate due to their complex design and the high cost associated with these instruments, as compared to the other types of arthroscopic shavers.
Arthroscopic Shaver Market Blade Type Insights
The Blade Type segment of the Arthroscopic Shaver Market is categorized into Rotary, Oscillating, and Shaver-Blade. Rotary blades, with a market share of around 42% in 2023, are widely used in arthroscopic procedures due to their efficiency in removing soft tissue and providing a smooth surface.
Oscillating blades, with a market share of approximately 35% in 2023, offer precise cutting and are suitable for delicate procedures. Shaver blades, with a market share of about 23% in 2023, are commonly used in orthopedic surgeries for bone resection and contouring.
The increasing demand for minimally invasive surgical procedures and technological advancements in blade design are key growth drivers for the Arthroscopic Shaver Market.
Arthroscopic Shaver Market Application Insights
Arthroscopic shavers are used in a variety of surgical applications, including debridement, synovectomies, and capsulectomy.
The Arthroscopic Shaver Market revenue from debridement is expected to reach $342.2 million by 2024, growing at a CAGR of 4.7%.
The market for synovectomies is expected to reach $294.3 million by 2024, growing at a CAGR of 4.5%.
The market for capsulectomy is expected to reach $256.4 million by 2024, growing at a CAGR of 4.3%.
The growth of the arthroscopic shaver market is being driven by the increasing number of minimally invasive surgical procedures being performed.
Arthroscopic shavers are less invasive than traditional open surgery, and they offer a number of benefits, including reduced pain, scarring, and recovery time. Some of the key players in the Arthroscopic Shaver Market include Arthrex, Stryker, Smith Nephew, and Zimmer Biomet.
These companies are investing in research and development to develop new and innovative products that meet the needs of surgeons and patients.
Arthroscopic Shaver Market Device Type Insights
The Arthroscopic Shaver Market is segmented into standalone and integrated devices based on device type.
Standalone shavers are separate units that require a separate power source and control system, while integrated shavers are incorporated into the arthroscope and provide a more compact and streamlined setup.
In 2023, the standalone device segment accounted for the majority of the Arthroscopic Shaver Market revenue, owing to its versatility and compatibility with a wide range of arthroscopic procedures.
However, the integrated device segment is projected to exhibit a higher growth rate during the forecast period (2024-2032) due to its advantages in terms of ergonomics, efficiency, and cost-effectiveness.
Integrated shavers offer better control and precision during surgery, as well as reduced setup time and potential for infection control. As a result, the integrated device segment is expected to gain significant market share in the coming years.
Arthroscopic Shaver Market Regional Insights
The regional segmentation of the Arthroscopic Shaver Market provides insights into the market's geographic distribution and performance.
North America held the largest market share in 2023, owing to the high prevalence of orthopedic surgeries, advanced healthcare infrastructure, and increasing adoption of minimally invasive surgical techniques.
Europe is expected to witness significant growth due to rising geriatric population and increasing healthcare expenditure.
APAC is projected to grow at the highest CAGR during the forecast period, driven by rising disposable income, growing awareness about arthroscopic surgeries, and expanding healthcare infrastructure.
South America and MEA are expected to contribute a smaller share to the market but are expected to grow at a steady pace due to increasing healthcare investments and growing awareness about arthroscopic surgeries.
These regional insights are crucial for businesses in the Arthroscopic Shaver Market to make informed decisions about market expansion and resource allocation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Arthroscopic Shaver Market Key Players and Competitive Insights:
The leading players in the industry are concentrating on diversifying their product portfolio and exploring nascent markets for expanding their business. Some players are focusing on RD activities to introduce shavers with enhanced efficacy and fewer complications in the Arthroscopic Shaver Market.
The market is expected to fuel up owing to the increasing preference of minimally invasive surgeries over conventional surgical techniques and the growing prevalence of orthopedic diseases. The development in the market is supported by several industry players such as Arthrex, Stryker, Smith Nephew, Olympus and Karl Storz.
They are constantly developing new products and expanding their business operations across the globe to retain their position in the Arthroscopic Shaver Market.
Arthrex is a major company operating in the Arthroscopic Shaver Market. The key offerings of Arthrex in the Arthroscopic Shaver Market include AlphaVac arthroscopic shaver system and MicroFX arthroscopic shaver system.
The company has a wide geographical presence as it delivers shavers to over 100 countries. The mission of the company is to provide high-quality products and services to the medical community, which will make it the world's most valued organization by customers.
A key competitor company in the Arthroscopic Shaver Market is Stryker. The key offerings of Stryker in the market include Dyonics arthroscopic shaver system and Microvasive arthroscopic shaver system.
It has strong presence in the U.S. and Europe and is trying to expand in the other parts of the globe. The vision of the company is to provide customer-oriented and innovative products and services.
Key Companies in the Arthroscopic Shaver Market Include:
- Arthrex
- Karl Storz
- Medtronic
- Braun
- Stryker
- Aesculap
- Innomed
- Linvatec
- DePuy Synthes
- Smith Nephew
- Olympus
- Conmed
- Richard Wolf
- Zimmer Biomet
Arthroscopic Shaver Market Developments
Recent advancements in arthroscopic techniques and the increasing prevalence of minimally invasive surgeries are driving the growth of the global arthroscopic shaver market.
Key players are focusing on developing innovative products with improved precision and efficiency to meet the growing demand for minimally invasive procedures.
For instance, in 2023, Arthrex launched the latest generation of its shaver system, which features a smaller profile and improved irrigation for better visibility and access during arthroscopic surgeries.
Additionally, the rising adoption of robotic-assisted arthroscopic surgeries is expected to create new opportunities for market growth in the coming years.
Arthroscopic Shaver Market Segmentation Insights
Arthroscopic Shaver Market Procedure Outlook
- Hip Arthroscopy
- Shoulder Arthroscopy
- Knee Arthroscopy
- Ankle Arthroscopy
- Wrist Arthroscopy
Arthroscopic Shaver Market Power Source Outlook
- Electric
- Pneumatic
- Hydraulic
Arthroscopic Shaver Market Blade Type Outlook
- Rotary
- Oscillating
- Shaver-Blade
Arthroscopic Shaver Market Application Outlook
- Debridement
- Synovectomies
- Capsulectomy
Arthroscopic Shaver Market Device Type Outlook
Arthroscopic Shaver Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
676.79(USD Billion) |
| Market Size 2023 |
706.16(USD Billion) |
| Market Size 2032 |
1035.4(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.34% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Arthrex, Karl Storz, Medtronic, B. Braun, Stryker, Aesculap, Innomed, Linvatec, DePuy Synthes, Smith Nephew, Olympus, Conmed, Richard Wolf, Zimmer Biomet |
| Segments Covered |
Procedure, Power Source, Blade Type, Application, Device Type, Regional |
| Key Market Opportunities |
Rising prevalence of joint disorders Technological advancements Growing geriatric population Increasing adoption of minimally invasive surgeries Expansion into emerging markets |
| Key Market Dynamics |
Rising demand for minimally invasive surgical procedures Technological advancements Increased prevalence of arthritis and joint disorders |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Arthroscopic Shaver Market reached a value of USD 706.16 billion in 2023.
The Arthroscopic Shaver Market is projected to grow at a CAGR of 4.34% from 2024 to 2032.
North America is expected to hold the largest market share in the Arthroscopic Shaver Market in 2023.
The knee arthroscopy segment held the largest market share in the Arthroscopic Shaver Market in 2023.
Some of the key competitors in the Arthroscopic Shaver Market include Arthrex, Inc., Stryker Corporation, Smith Nephew plc, and Zimmer Biomet Holdings, Inc.
Some of the key trends driving the growth of the Arthroscopic Shaver Market include the increasing prevalence of musculoskeletal disorders, the growing popularity of minimally invasive surgeries, and the technological advancements in arthroscopic shavers.
Some of the challenges facing the Arthroscopic Shaver Market include the high cost of arthroscopic shavers, the stringent regulatory environment, and the intense competition from alternative surgical techniques.
The Arthroscopic Shaver Market is expected to reach a value of USD 1035.4 billion by 2032.
Asia-Pacific is expected to grow at the highest CAGR in the Arthroscopic Shaver Market from 2024 to 2032.
Some of the key opportunities for growth in the Arthroscopic Shaver Market include the development of new and innovative products, the expansion into new markets, and the increasing adoption of arthroscopic shavers in emerging economies.
