Research and Markets: Global Arthroscopy Devices Market 2014-2018: CAGR, Market Size, Forecasts till 2018
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p54r57/global) has announced the addition of the "Global Arthroscopy Devices Market 2014-2018" report to their offering.
The analysts forecast the Global Arthroscopy Devices market 2014-2018 to grow at a CAGR of 6.22 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing aging population. The Global Arthroscopy Devices market has also been witnessing the increasing small-joint and hip arthroscopy procedure volumes. However, the lack of reimbursement benefits could pose a challenge to the growth of this market.
Key vendors dominating this space include Arthrex Inc., CONMED Corp., Johnson & Johnson and Smith & Nephew plc.
Other vendors mentioned in the report are ArthroCare Corp., Biomet Inc., KARL STORZ GmbH & Co. KG, Olympus Corp., StryKer Corp. and Richard Wolf Medical Instruments Corp.
Commenting on the report, an analyst from the team said: There has been an increase in the small-joint and hip arthroscopy procedure volumes over the past decade. There has been an increasing number of trained physicians that perform hip arthroscopy for the diagnosis and treatment of hip pain as well as the removal of loose bodies in the hip joint. The reduction in the dimensions of arthroscopic devices and the improvement in understanding the internal anatomy of small joints have led to arthroscopically evaluating and treating various disorders. Certain companies such as ArthroCare, ConMed, Smith & Nephew, and Stryker have developed specialized devices for hip arthroscopy that include extended-length arthroscopes, radio frequency probes, and power shaver blades.
According to the report, one of the main drivers in this market is the increasing aging population. The increasing prevalence of musculoskeletal disorders and joint injuries in the rising aged population has increased the demand for arthroscopy devices for the early diagnosis of joint disorders.
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