Arthroscopic Devices Market Grows Demand, Growth Analysis

The global arthroscopy devices market is expected to grow at a moderate CAGR of 4.9% during the forecast period (2024-2031). The major factor supporting the market growth is the growing knee arthroscopy. Knee osteoarthritis is a globally prevalent phenomenon among the elderly population and is gaining popularity due to the increase in the global geriatric population. For example, in February 2021, according to the World Health Organization, about 28.0% of people above the age of 50 years experienced knee pain due to knee osteoarthritis. Arthroscopic knee surgery for knee osteoarthritis is the most common orthopedic procedure in the US and other developed countries. The demand for knee arthroscopy is increasing globally due to the increasing incidence of sports injuries, especially those incurred in contact sports.

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Knee OA is a leading cause of morbidity and disability in the U.S. For example, as per the Centers for Disease Control and Prevention (CDC), the average lifetime risk of developing symptomatic knee OA was almost 50.0% as of September 2021. Knee arthroscopy has become one of the most commonly performed orthopedic procedures for the treatment of knee OA. The latest National Health Statistics Report from the Centers for Disease Control and Prevention states that around 18,572,000 knee arthroscopies were performed in 2021. Many of these procedures were performed to treat pain attributed to knee OA. Hence, the rising number of knee OA cases is generating demand for arthroscopic devices, which is driving the market. Moreover, the rising number of knee injuries in athletes is another major aspect contributing to the market growth. For example, the U.S. Centers for Disease Control and Prevention reported that approximately 32.5 million people were diagnosed with osteoarthritis in 2020. Hence, the rising prevalence of joint disease is positively impacting the growth of the arthroscopic device market as more patients seek minimally invasive procedures for such conditions.

Global Arthroscopic Devices Market Segment Report

By type

• Arthroscopes
• Arthroscopic implants
• Fluid Management Systems
• Radio systems
• Visualization systems
• Electric shavers

By application

• Knee arthroscopy
• Hip arthroscopy
• Spine arthroscopy
• Shoulder and elbow arthroscopy

The full report on the arthroscopic devices market is available at https://www.omrglobal.com/industry-reports/arthroscopy-devices-market

Arthroscopic Devices Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia and Pacific

• China
• Japan
• India
• Rest of Asia Pacific

Rest of the world

• Middle East and Africa
• Latin America

Company profiles

• ACTEON Group
• Bioventus
• Breg, Inc.
• DePuy Synthes (Medical Device Business Services, Inc.)
• EndoMed Systems GmbH
• Enovis Corp.
• Flexion Therapy
• Gimmi GmbH
• Medical Globe
• Henke Sass Wolf GmbH
• Johnson & Johnson Sp. z o. o.

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