Arthroscopy Instruments Market Analysis

Arthroscopy Instruments Market Overview

The Arthroscopy Instruments Market is expected to reach USD 6.42 Billion by 2032 at 6.2% CAGR during the forecast period 2023-2032. Arthroscopy is a minimally invasive surgical procedure in which small incisions or portals are used to enter instruments into the joint. Arthroscopes are used in arthroscopic surgery. These are the medical instruments that are used to view, evaluate, and perform therapeutic interventions inside the joints of the body, such as the knee, hip, spine, shoulder, and elbow. Arthroscopy devices can look for illnesses like osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumors in the joints.

The demand for arthroscopy procedures is driven by the prevalence of musculoskeletal illnesses, such as osteoarthritis and rheumatoid arthritis, among the elderly population. Furthermore, the rise in the frequency of sports injuries necessitating arthroscopy to avoid total joint replacements propels the arthroscopy instruments market forward. Furthermore, arthroscopic implants now hold the majority of the worldwide arthroscopy devices market share.

Key Players

Some of key the players in the global arthroscopy instrument  market Smith & Nephew (U.K.), Arthex (U.S.), DePuy Synthes (U.S.), Stryker (U.S.), Conmed (U.S.), Medtronic, Inc. (U.S.), Zimmer Biomet (U.S.), B. Braun (Germany), Olympus (Japan), Karl Storz (Germany), Richard Wolf  (Germany), Medicon (Germany), Sklar (U.S.), GPC Medical (India), Millennium (U.S.), and others.

Segmentation

The global arthroscopy instrument market is segmented on the basis of product, application, and end-user.

On the basis of product, the market is classified into arthroscope, arthroscopic implants, fluid management systems, visualization systems, radiofrequency system, power shavers and others. The arthroscopic implants are further segmented as knee implants, hip implants, shoulder implants, and others. The radiofrequency systems are further segmented as RF generators, RF probes, and wands and footswitch.

On the basis of application, the market is segmented into knee arthroscopy, hip arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder arthroscopy, and others (wrist and hand arthroscopy).

On the basis of end-user, the market is segmented into hospitals, ambulatory surgical centers, and others.

Geographically, the global arthroscopy instruments market has been segmented into America, Europe, Asia Pacific, and the Middle East and Africa. The American arthroscopy instruments market is further segmented into North America and South America. North America is further classified as the U.S. and Canada.

The Europe arthroscopy instruments market is segmented into Western Europe and Eastern Europe. Western Europe is further classified as Germany, France, U.K., Italy, Spain, and Rest of Western Europe.

The Asia Pacific arthroscopy instruments market is segmented into Japan, China, India, Republic of Korea, Australia, and Rest of Asia Pacific.

The Middle East & Africa arthroscopy instruments market is segmented into the Middle East and Africa.

Regional Analysis

Global Arthroscopy Instruments Market, by Region Market Share, 2017 (%)

Source: MRFR Analysis

The Americas dominates the global arthroscopy instruments market owing to the presence of major market players, the high adoption rate of minimally invasive devices, and increasing incidences of joint-related diseases boost the market growth in this region. Further, according to the American Orthopedic Society for Sports Medicine, in the United States, an estimated 4 million people undergo knee arthroscopies, whereas the number of patients undergoing shoulder arthroscopies is 1.4 million per annum. Furthermore, rising cases in arthroscopic surgeries along with rising population awareness regarding health are driving the growth of the arthroscopy instruments market.

Europe holds the second position in the global arthroscopy instruments market. It is expected that the government support towards research & development expenditure and rising prevalence bone disorders is likely to drive the European market. Additionally, according to the Arthritis Research U.K. in 2016, around 10 million people in the U.K. had a form of arthritis. Furthermore, it was estimated that over 86,000 hip and over 90,000 knee replacements take place every year.

Asia Pacific is the fastest growing region in the global arthroscopy instruments market owing to a huge patient pool, increasing demand for minimally invasive surgeries, and development in healthcare technology. According to Osteoporosis Australia, around 4.74 million Australians over 50 years of age are suffering from either osteoporosis or poor bone health, which further fuels the need for arthroscopy surgeries. Healthcare expenditure is found to be improving in various Asia Pacific regions. Moreover, the availability of skilled physicians and nurse practitioners and the low cost of surgeries have fueled medical tourism in India. Most of the key players expanding their business in developing economies in the Asia Pacific region.

The Middle East & Africa holds the lowest share of the global arthroscopy instruments market due to low development, lack of technical knowledge, and poor medical facilities.

Research Methodology

Market Research Future research is conducted by industry experts who offer insight into industry structure, market segmentation, Treatment assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments & categories geographically presented are studied and are estimated based on primary & secondary research.

• Primary Research

The extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report, we have conducted primary surveys (interviews) with the key level executives (VP, CEO's, Marketing Director, Business Development Manager and many more) of the major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.

• Secondary Research

Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the arthroscopy instruments market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, & developments related to the market and Treatment Perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, the international organization of chemical manufacturers, some paid databases and many others.

Global Arthroscopy Instruments Market, by Product

• Arthroscope


• Arthroscopy Implants


• Knee Implants


• Hip Implants


• Shoulder Implants


• Others


• Fluid Management Systems


• Visualization Systems


• Radiofrequency Systems


• RF Generators


• RF Probes and wands


• Footswitch


• Others

Global Arthroscopy Instruments Market, by Application

• Knee Arthroscopy


• Hip Arthroscopy


• Spine Arthroscopy


• Foot & Ankle Arthroscopy


• Shoulder & Elbow Arthroscopy


• Others

Global Arthroscopy Instruments Market, by End-User

• Hospitals


• Ambulatory Surgical Centers & Clinics


• Others

Global Arthroscopy Instruments Market, by Region

• North America




• US


• Canada




• Europe




• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe




• Asia-Pacific




• China




• Japan


• India


• Australia


• South Korea


• Rest of Asia-Pacific






• Rest of the World




• Middle East


• Africa


• Latin America

Arthroscopy Instruments Market Company Profiles       

• Smith & Nephew


• Arthrex


• DePuy Synthes


• Stryker


• CONMED


• Zimmer Biomet


• Medtronic, Inc.


• Karl Storz


• Braun


• Olympus


• Richard Wolf


• MEDICON


• Sklar


• Millennium


• GPC Medical

Recent Development

Titan Medical Inc., a medical device startup focused on the development and commercialization of new surgical technologies for single access robotic-assisted surgery (RAS), has received a $2.6 million purchase order from Medtronic plc, a worldwide healthcare technology leader. The deal comprises the procurement of preclinical instruments and cameras, as well as a review of Titan Medical as a possible manufacturing and supply partner for Medtronic. Titan will produce instruments and cameras for Medtronic's evaluation and testing as well as our own single-access RAS platform, Enos, with this contract.

An estimated $42,042,577 fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for craniomaxillofacial and trauma orthopedic procedure packages and supplies has been awarded to Johnson & Johnson Health Care Systems DePuy Synthes, Piscataway, New Jersey. The contract has a one-year base year and four one-year option periods. Army, Navy, Air Force, Marine Corps, and federal civilian agencies are among the consumers. Defense working capital funds are the type of appropriation for fiscal years 2022-2023.Intended Audience

• Medical Devices Companies


• Research and Development (R&D) Companies


• Government Research Institutes


• Academic Institutes and Universities