Global Arthroscopy Devices Market 2017-2021: Industry Analysis and Forecasts by Technavio

Technavio has announced the release of their 'Global Arthroscopy Devices Market 2017-2021' report. (Graphic: Business Wire)

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LONDON--()--According to the latest market study released by Technavio, the global arthroscopy devices market is expected to grow at a CAGR of more than 6% during the forecast period.

This research report titled ‘Global Arthroscopy Devices Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

“Arthroscopy implant procedures are a gold standard treatment option for individuals with orthopedic disorders. Public awareness of arthroscopy implants, particularly of those that are used for MI surgeries, is rising. This will also increase the volume of MI surgeries, particularly of fusion procedures, for treating knee, hip, and shoulder disorders,” says Barath Palada, a lead analyst at Technavio for medical devices research.

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Technavio’s market research analysts categorize the global arthroscopy devices market into three major product segments:

  • Arthroscopic implants
  • Arthroscopy instruments and accessories
  • Arthroscopes

Arthroscopic implants

Most common implants used during arthroscopy include shoulder implants, knee implants, hip implants, and foot and ankle implants. Arthroscopy implants constitute a major share of the market owing to the growing need for treating orthopedic disorders. The incidence of orthopedic disorders requiring early and accurate diagnosis has fueled the growth of the arthroscopy devices market. According to the CDC statistics, in 2012, 58% women and 42% men suffered from osteoporosis-related fractures.

In addition, growing technology advances are further expected to increase the demand for arthroscopy implants. For instance, in September 2016, Zimmer Biomet launched Vanguard total knee arthroplasty implant system, which has two polyethylene bearings with different articulations on the medial and lateral side of the implant.

Global arthroscopy instruments and accessories market

Arthroscopy instruments consist of devices used during the procedure, including cameras, video monitors, light sources, video recorders, video processors, electrosurgical generators, and insufflators. The average lifespan of an arthroscopic instrument is from six to seven years. Thus, the replacement of old equipment with new advanced devices is the major contributor to revenue generation in this segment.

“Arthroscopy accessories are a largely commoditized, high-volume segment requiring constant replacement, resulting in a steady revenue stream for the manufacturers,” says Barath.

Also, innovations in arthroscopy visualization systems, such as the development of the high-definition and ultra-high definition video systems, have enhanced the visualization of the patient's anatomy.

Global arthroscopes market

Arthroscope is a typical type of endoscope which is inserted into the patient’s body through wounds, natural cavities or through a small incision which is used to treat or diagnose the problems. The device consists of a camera or a light source attached to the tip of the device which assists the surgeon or physician to examine or view the damaged area. The process is being carried out by a physician or an outpatient setting.

These arthroscopes are further segmented into two types comprising of rigid arthroscopes and flexible arthroscopes. The growing incidence of orthopedic disorders has led to an increase in the number of arthroscopic procedures.

The top vendors highlighted by Technavio’s healthcare and life sciences market research analysts in this report are:

  • Arthrex
  • CONMED
  • DePuy Synthes
  • Smith & Nephew
  • Stryker

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com