Dublin, Dec. 07, 2020 (GLOBE NEWSWIRE) -- The "Arthroscopy Devices Market by Product Type Systems, by Application - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

The Global Arthroscopy Devices Market was valued at USD 4.53 billion in 2019, and is estimated to garner USD 7.97 billion by 2030, expanding at a CAGR of 5.20% during the forecast period, from 2020 to 2030.

Arthroscopy devices are small, pen-shaped instruments. These devices help in the diagnosis and the treatment of various ailments and disorders such as osteoarthritis and rheumatoid arthritis. Arthroscopy devices are utilized by orthopedic surgeons during the examination of joint-related issues. The devices includes optical fibers to provide light and small lenses for magnifying the afflicted area or joint.

Market Dynamics and Trends

The expansion of the global arthroscopy device market is attributed to the growing demand of various joints and orthopaedic ailments such as rheumatoid arthritis and osteoarthritis. Increase in the number of sports injuries and joint replacement surgeries and rise in geriatric population. Moreover, developments in the healthcare infrastructure, increase in disposable income, and surge in the demand for minimally invasive procedure are expected to propel the market growth.

However, high cost of devices is expected to hamper the market growth. On the otherhand, technological advancements and increasing investments in R&D activities are expected to create lucrative opportunities in the market during the forecast period.

Market Segmentations and Scope of the Study:

The global arthroscopy devices market is segmented on the basis of product type, application, and geography. In terms of product type, the market is segmented into arthroscopic implants, arthroscopes, fluid management systems, radiofrequency (RF) systems, visualization systems, powered shaver systems, and other arthroscopy equipment. The arthroscopic implants segment is sub-segmented into Knee Implants, Hip Implants, Shoulder Implants, and others. The radiofrequency (RF) systems segment is trifurcated into RF generators, radiofrequency probes & wands, and Footswitch.

Based on application, the market is segregated into knee arthroscopy, hips arthroscopy, spine arthroscopy, foot & ankle arthroscopy, shoulder & elbow arthroscopy, and others arthroscopy applications. On the basis of geography, the arthroscopy devices market is classified as North America, Europe, Asia-Pacific, and Rest of World (RoW).

Geographical Analysis

North America is expected to hold a major share of the market during the forecast period owing to the rise in adoption of advanced technology and advanced devices, growth in the prevalence of orthopedic disorders, and surge in sports injuries.

The market in Asia Pacific is expected to grow owing to the development of healthcare facilities, increase in geriatric population, rise in joint replacement surgeries, and growth in minimally invasive surgeries.

Competitive Landscape

Key players in the global arthroscopy devices market include Arthrex, Inc. Conmed Corporation, Johnson & Johnson, KARL STORZ GmbH & Co. KG, Medtronic, Plc, Richard Wolf GmbH, Smith & Nephew, Plc, Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc.

KEY MARKET SEGMENTS:

Global Arthroscopy Devices Market - By Product Type

Global Arthroscopy Devices Market - By Application

Global Arthroscopy Devices Market - By Geography

KEY PLAYERS:

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