Arthroscopy Devices Market to Grow with a CAGR of 5.56% through 2030F
The increasing
prevalence of musculoskeletal disorders, a surge in sports-related injuries,
and the appeal of minimally invasive techniques are expected to drive the
Global Arthroscopy Devices Market growth in the forecast period, 2026-2030
According to TechSci
Research report, “Arthroscopy Devices Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global
Arthroscopy Devices Market stood at USD 6.01 billion in 2024 and is anticipated
to grow with a CAGR of 5.56% in the forecast period, 2026-2030. This can be
attributed to advancements in technology. Continuous advancements in
arthroscopic technology have been a game-changer in the field. High-definition
cameras, 3D imaging systems, and precision instruments have improved the
accuracy of arthroscopic procedures, enhancing surgical outcomes and patient
satisfaction. Surgeons now have access to better tools and equipment, making
arthroscopy an attractive option for many joint surgeries.
The sustainability is
becoming a consideration in the medical device industry, including arthroscopy.
Manufacturers are focusing on reducing the environmental footprint of their
products, from production to disposal. Sustainable practices are also extending
to packaging and materials used in devices.
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The COVID-19 pandemic
presented an unprecedented public health crisis, significantly impacting the
market under consideration. To prioritize essential healthcare resources,
directives were issued in mid-March 2020, instructing surgeons to perform only
critical surgical procedures. For example, in April 2020, the Journal of
Arthroplasty reported that around 30,000 primary and 3,000 revision knee
replacement surgeries were being canceled every week during the early part of
2020. These figures underscore the profound effect of COVID-19 on surgeries
related to joint disorders. However, dedicated efforts were made by various
healthcare authorities, hospitals, and surgeons to restore arthroplasty
procedures to pre-pandemic levels. During the pandemic, Enhanced Recovery after
Surgery (ERAS) programs were introduced to reduce hospital stays, morbidity,
and surgical complications. With the return to regular surgical volumes
post-COVID-19, a significant influx of patients occurred due to postponed and
canceled surgeries. Thus, changes in surgical protocols have played a role in
restoring surgical volumes after the pandemic.
Several factors are
driving market growth, including the increasing incidence of sports injuries, a
rising geriatric population, and advancements in arthroscopic implant
technology. Common sports injuries include fractures, strains, sprains, and
dislocations, often treated with rest, ice, compression, and elevation (RICE).
However, in cases of severe injuries, arthroscopy may be recommended for
diagnosis and treatment. These injuries can affect various body parts and may
involve cartilage tears, ligament injuries, joint lining inflammation, or the
removal of loose bone or cartilage fragments lodged in a joint. Arthroscopic
surgery is valuable for diagnosing and treating these conditions.
However, the average
cost of outpatient arthroscopic surgery for complex tears can be significant,
ranging from approximately USD 7,400 to 9,000 or more. This cost varies based
on factors such as patient age, injury severity, location, associated injuries,
and the healthcare facility where the procedure is performed. According to the
Agency for Healthcare Research and Quality's Healthcare Cost and Utilization
database, outpatient arthroscopic surgery typically costs around USD 8,970.
Insured patients typically face out-of-pocket expenses consisting of specialist
co-pays, often exceeding USD 100 for hospital co-pays, and coinsurance ranging
from 10% to 50% for the procedure, potentially reaching annual out-of-pocket
maximums. As of April 2020, the Kaiser Family Foundation reported an average
hospital co-pay of USD 132 for outpatient surgery and USD 232 for inpatient
surgery, with an average coinsurance rate of 17-18%. These high costs can
discourage individuals from opting for arthroscopic procedures, presenting a
potential market restraint.
The Global Arthroscopy
Devices Market is segmented into application, product, end-user, regional
distribution, and company.
Based on its product, arthroscopic
implant segment is the fastest growing. This growth is primarily driven by the
increasing prevalence of sports injuries, osteoarthritis, and other
joint-related conditions that require surgical intervention. Arthroscopic
implants, such as anchors, screws, and fixation devices, play a crucial role in
repairing soft tissue and stabilizing joints during minimally invasive
procedures. Their growing adoption is also supported by continuous advancements
in implant materials, including bioabsorbable and hybrid implants, which
enhance healing and reduce the need for secondary surgeries. The rising patient
awareness about minimally invasive surgeries and quicker recovery times is
boosting demand. As the global population ages and sports participation rises,
the need for reliable, innovative implants continues to surge rapidly.
Based on region, Asia
Pacific is the fastest-growing region in the global arthroscopy devices market
due to a combination of demographic, economic, and healthcare-related factors.
The region is experiencing a significant rise in its aging population, which is
more prone to joint disorders such as osteoarthritis and degenerative diseases
requiring arthroscopic intervention. The increasing participation in sports and
physical activities has led to a surge in sports-related injuries, driving
demand for arthroscopic procedures. Rapid urbanization, rising disposable
incomes, and improved healthcare infrastructure in countries like China, India,
Japan, and South Korea are also contributing to higher adoption of advanced
medical technologies, including minimally invasive surgical tools. Government
initiatives to modernize healthcare systems, growing medical tourism, and an
expanding base of skilled orthopedic surgeons are further propelling market
growth. Greater awareness among patients about the benefits of arthroscopy—such
as shorter hospital stays and quicker recovery—continues to boost its
popularity across the Asia Pacific region.
Major companies
operating in Global Arthroscopy Devices Market are:
·
Arthrex
Inc
·
CONMED
Corp
·
Johnson
& Johnson
·
Karl
Storz SE & Co KG
·
Medtronic
PLC
·
Richard
Wolf GmbH
·
Smith
& Nephew PLC
·
Stryker
Corp
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“The Global Arthroscopy
Devices Market is undergoing a transformation driven by innovation,
patient-centric care, and the adoption of advanced technologies. The novel
advancements represent the future direction of arthroscopy, with a focus on
precision, efficiency, and improved patient experiences. As the market
continues to evolve, it is crucial for manufacturers, healthcare providers, and
regulators to adapt to these trends to ensure that arthroscopy remains at the
forefront of orthopedic medicine” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Arthroscopy Devices
Market, By Application (Knee Arthroscopy, Hip Arthroscopy, Spine
Arthroscopy, Shoulder and Elbow Arthroscopy, Others), By Product (Arthroscope,
Arthroscopic Implant, Fluid Management System, Radiofrequency (RF) System,
Visualization System, Others), By End-User (Hospitals & Clinics, Ambulatory
care Centers, Others), By Region, By
Competition Forecast &
Opportunities, 2020-2030F”, has evaluated the
future growth potential of Global Arthroscopy Devices Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Arthroscopy Devices Market.
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