Arthroscopy Devices Market to Surpass US$ 6.0 Billion Threshold by 2025, with Arthroscopy Implants Segment Taking Center Stage
Jul 26, 2017
The Global Arthroscopy Devices Market was valued at US$ 2,369.6 million in 2016 and is projected to expand at a CAGR of 5.1% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights.
Seattle, Washington - July 26, 2017 /MarketersMedia/ —
Increasing number of knee implantation and hip implantation procedure is supporting growth of the arthroscopy devices market. Arthroscopy being a minimally invasive surgery, significantly reduces patient recovery time, decreases chances of infection during surgical procedure, and curtails bleeding during surgery. Being a largely outpatient surgical procedure, the patient needs to stay in the hospital for just a few days, with the procedure itself lasting for a few hours. Therefore, the preference for arthroscopic procedures is increasing instead of general/open surgical procedure. Furthermore, wide adoption of technologically advanced implants such as cementless prosthetics are also supporting growth in number of people opting for such implantations. The other factors related to the growth of implantation are alarming increase in rate of road accidents and growing obese population worldwide leading to the growth of knee pain, fractures and osteoarthritis which also known as degenerative joint disease.
Request Sample Copy of the Business Report: https://www.coherentmarketinsights.com/insight/request-sample/412
As per the stats published by Centers for Disease Control and Prevention, around 54.4 million people in U.S. were suffering from some form of arthritis and rheumatoid arthritis in 2013-2015. This number is expected to increase to around 78 million by 2040. Therefore, it is estimated that this factors will support the growth of arthroscopy devices market in the near future.
Arthritis is a highly prevalent disease, with prevalence rate increasing steadily. For instance, as per data published by Arthritis Foundation, in U.S., arthritis affects 1 in 4 adults and its prevalence increased by 22.7% during 2010-2012. Furthermore, the prevalence of severe joint pain was 27% among adults with arthritis in 2016, with prevalence especially high among people ages 64 years and above.
Also, as per Arthritis Foundation, the number of adults suffering from severe joint pain increased from 10.5 million in 2002 to 14.6 million in 2014, in the U.S.
Also, other factors driving growth of arthroscopy devices market is increasing number of arthroscopy procedures due to sport injuries. Athletes and sportspersons are inclined towards opting for arthroscopy surgery for treatment of sports related injuries, as the recovery time associated with it is relatively less. As per stats published by Orthopaedic Institute, Stuart Gold, M.D., Inc., over 600,000 arthroscopy surgeries are performed every year and knee arthroscopy surgery contributes over 80% of the total procedures. Arthroscopic knee surgery is commonly used to treat patella-femoral syndrome.
Request a Customization: https://www.coherentmarketinsights.com/insight/request-customization/412
Major players in the arthroscopy devices market are focusing on introducing various technological advancements in their products. For instance, Vimex Sp. z o.o. – a leading arthroscopy device manufacturing company – provides wireless footswitch to operate the shaver during surgical procedure also the shaver automatically get connect with the handpiece and set of previously used instruments and it has counter-wise and counter-clockwise rotation modes, which help to increase the efficiency of instrument during procedure.
Key takeaways of the market:
The global arthroscopy devices market is expected to expand at a CAGR of 4.8% during the forecast period (2017–2025). Technological advancements in devices is expected to favor the demand for arthroscopy devices over the forecast period.
The arthroscopy implants segment in the global arthroscopy devices market was estimated to be the largest in 2016 and is expected to retain its dominance in the market throughout the forecast period in terms of value closely followed by arthroscopy visualization systems. Rise in cases for joint pain and knee surgery globally is projected to support the growth for arthroscopy devices market in the near future.
The market in North America is expected to expand at a significant CAGR of 4.7% during the forecast period, owing to more installations of arthroscopy devices
The global arthroscopy devices market is characterized by strategic research and development and advancements in the arthroscopy devices
To know the latest trends and insights prevalent in the arthroscopy devices market, click the link below: https://www.coherentmarketinsights.com/market-insight/arthroscopy-devices-market-412
Some of the major players in the global arthroscopy devices market are Smith & Nephew, Olympus Inc., Karl Storz, Stryker Corporation, CONMED Corporation, Vimex Sp. z o.o. and DePuy Synthes Inc.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Info:
Name: Mr. Shah
Email: [email protected]
Organization: Coherent Market Insights
Address: 1001 4th Ave, #3200 Seattle, WA 98154
Phone: +1-206-701-6702
For more information, please visit https://www.coherentmarketinsights.com/market-insight/arthroscopy-devices-market-412
Source: MarketersMedia
Release ID: 222010
More News
Shreyas Iyer moves up three places to career-high 4th in ICC T20 International rankings
Shreyas Iyer achieved a career-high fourth position in the ICC T20I rankings after scoring his maiden century. India now boasts four players in the top four of the T20I rankings for batters. Kusal Mendis, Sherfane Rutherford, and Sanju Samson also made significant gains in the T20I rankings. Additionally, Roston Chase improved his standing in both T20I bowlers and all-rounders categories.
Delhi Police refutes claims of attack at Rahul Gandhi's residence, says viral video 'fake'
A viral social media post falsely claimed there was an attack at Rahul Gandhi's residence. Delhi Police clarified that the video was old footage from December 2019. They stated the circulating information was misleading and urged users to verify facts. Legal actions are being initiated against accounts spreading misinformation and false claims. The authorities emphasized the importance of relying on official channels for accurate information.
Delhi Police refutes claims of attack at Rahul Gandhi's residence, says viral video 'fake'
A viral social media post falsely claimed there was an attack at Rahul Gandhi's residence. Delhi Police clarified that the video was old footage from December 2019. They stated the circulating information was misleading and urged users to verify facts. Legal actions are being initiated against accounts spreading misinformation and false claims. The authorities emphasized the importance of relying on official channels for accurate information.
A place in university the next goal for Chinese athlete Chen Yujie, Asia’s fastest woman
Fresh from a dominant showing at the Asian Games, teenage track star Chen Yujie is balancing professional training for next year’s World Championships with preparations for the national college entrance examinations, setting her sights on a local university. At the recently concluded 20th Asian Games in Aichi-Nagoya, the 17-year-old bagged four medals before returning home to resume life as a high school senior. Chen won gold medals in the 100m and two relays, and a silver in the 200m. Earlier...
We are working to develop relations with China once again: Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that India seeks to improve relations with China, ensuring fair deals. Bilateral trade between India and China reached USD 127.7 billion, which reflects significant growth in exports and imports. Furthermore, Goyal expressed concerns regarding the widening trade deficit and tightened FDI policies due to geopolitical tensions. India experienced supply chain vulnerabilities during Covid, leading to a focus on self-sufficiency.
Australia without migrants! Hotel association posts an apocalyptic video showing how the country will look without foreign worker from empty sheleves at supermarket to no coffee
A viral advertisement by the Australian Hotels Association uses exaggerated scenes to illustrate how the departure of migrant workers could affect everyday life, from coffee shops and supermarkets to restaurants, hotels and elderly care. The video emerges amid a political debate over immigration levels in Australia and proposals to reduce migration.
Behind big billions, the China hedge begins to take shape in India
Hyundai Motor Group plans to invest $15.5 billion in India over the period of 2026 to 2032. This initiative aims to strengthen local manufacturing and expand research and development facilities. Attracting global interest, especially with competitors like Toyota and Suzuki also enhancing their footprint, Hyundai’s success hinges on optimizing logistics and harnessing skilled labor for maximum output.
LAC must be stable for normalisation of ties with China: EAM S Jaishankar
External Affairs Minister S Jaishankar has said stable conditions along the Line of Actual Control are essential for normalising India-China relations, warning that border disturbances will have consequences. He linked expanded trade and investment ties to peace along the border, while flagging China's trade surplus and India's concerns over market access.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.