The main objective of this report is to define, describe, and forecast the global “Arthroscopy Instrument” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Arthroscopic surgical instruments are designed to ease cutting and trimming with ergonomic designs and balanced weight. They are used in procedures such as hand, hip, knee, shoulder, and other small joint procedures. An arthroscopy is a surgical process implemented by orthopedic surgeons to visualize, diagnose, and treat the problems in joints. This process involves a small opening in the patient’s skin and inserts a small sized pipe instrument that contains a small lens and the light source (fiber light) that is transmitted through fiber optics to examine the inside structure of joint. An Arthroscopy device is generally used to examine the bone joints for specific conditions such as rheumatoid arthritis, bone tumor, elbow pain, and osteoarthritis.
Growing occurrence of musculoskeletal disorders such as osteoarthritis and rheumatoid arthritis owing to growth in aged population, and technological advancements are driving factors for the Arthroscopy Instrument Market. Furthermore, increasing in the sport injuries where arthroscopy process avoids the total joint replacements is projected to boost the market growth. Additionally, the arthroscopic implantation hold a leading share in the global arthroscopic devices market and is predictable to maintain its lead over upcoming years. Moreover, increasing demand for autonomous systems and robotics in arthroscopy instruments for nominally invasive surgeries and development of healthcare expenses in developing countries acts as a future opportunities for this market. But on the contrary, high cost of arthroscopy instruments and underprivileged healthcare system in developed and underdeveloped countries may restrain the growth of this market.
In terms of geographic, North America has dominated the Arthroscopy Instrument Market followed by Europe and Asia Pacific. In North America factors such as growing frequencies of joint-related diseases, high rate of sports-related surgery, and development of advanced surgical instruments are driving the growth of this market in the North America region. Further, improved reimbursement healthcare policies are facilitating growth in North America. The growth in Europe region is due to growing frequency of bone disorders and estimated government funding for research and development is expected to drive the growth in this market. In addition, as per the Arthritis Research U.K. in 2016, , about 10 million people in the U.K. had a form of arthritis and further it was that above 86,000 hip and over 90,000 knee replacements take place every year. Some factors boost the growth in Asia Pacific region are increasing in aged population and on-going progressive changes in healthcare infrastructure in the region.
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Smith & Nephew collaborated with OrthAlign
February 2016, Smith & Nephew entered into a multi-country distribution agreement with OrthAlign, a U.S. based private company. This collaboration was expected to develop arthroscopy instruments and distribute their Total-Knee Arthroplasty (TKA) technology
June 2017, Olympus launched the ENDOEYE 3D video telescope. South America is still a developing region in terms of infrastructure and technology
Dec 2017, DePuy launched the PURVUE – Next-Generation high-definition visualization system
Companies Profiled:
The report provides profiles of the companies in the global arthroscopy instrument market such as, Arthrex, Johnson & Johnson, CONMED Corporation, Karl Storz GmbH, Medtronic, Richard Wolf GmbH, Smith & Nephew, Stryker Corporation, Wright Medical Group and Zimmer Biomet.