PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1605776
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1605776
Arthroscopic Shavers Market size was valued at USD 1,263.43 Million in 2023, expanding at a CAGR of 5.20% from 2024 to 2032.
Arthroscopic shavers are surgical instruments used during minimally invasive procedures, primarily in orthopedic surgery. These shavers are designed for use in arthroscopy, a technique where surgeons insert small instruments and a camera or arthroscope into a joint to diagnose or treat joint conditions.
Arthroscopic Shavers Market- Market Dynamics
Increasing prevalence of joint disorders, sports injuries and advancement in surgical treatments is expected to propel market demand
Rising incidence of arthritis, osteoarthritis, and other degenerative joint diseases has led to an increasing need for joint surgeries, boosting the demand for arthroscopic shavers. Sports injuries among athletes and active individuals, particularly in the knee and shoulder joints, require arthroscopic procedures for repair, which in turn drives demand for these instruments. Further, greater awareness about the benefits of physical fitness and active lifestyles has led to more people seeking treatment for joint-related injuries, particularly among middle-aged and elderly populations. This has fueled the demand for joint repair procedures and, consequently, arthroscopic shavers.
Advancements in arthroscopic shaver technology, such as enhanced blade designs, better control systems, and integration with real-time imaging technologies, are driving market growth. These innovations enable more precise surgeries and improve patient outcomes. Integration with suction and irrigation systems for clearing the surgical field is another technical improvement that enhances efficiency. Additionally, the growing number of outpatient or ambulatory surgical centers offering same-day surgeries has increased the adoption of arthroscopic procedures, as these settings often favor minimally invasive techniques that require shorter recovery times.
Arthroscopic Shavers Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.20% over the forecast period (2024-2032)
Based on Product Type segmentation, the arthroscopic shaver system segment was predicted to show maximum market share in the year 2023, as they are more compatibility & convenient.
Based on Application segmentation, knee arthroscopy segment was the leading Application segment in 2023, due to the high prevalence of knee problems.
Based on End User segmentation, hospitals segment was the leading End User segment in 2023, mainly due to its ability to perform complex procedures & surgical treatment.
On the basis of region, North America was the leading revenue generator in 2023, due to the rapid growing aging population.
Global Arthroscopic Shavers Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into two categories based on Product Type: arthroscopic shaver systems and arthroscopic shaver accessories. The arthroscopic shaver systems segment dominates the market. These systems are compatible with all blades & offer better reliability, which is driving segment growth.
The market is divided into six categories based on Application: Knee arthroscopy, hip arthroscopy, shoulder and elbow arthroscopy, spine arthroscopy, foot and ankle arthroscopy, and others. The knee arthroscopy segment dominates the market. High prevalence of knee problems, sport injuries related knee is mainly supplementing segment growth.
The market is divided into four categories based on End User: hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment dominates the market and is expected to maintain its high dominance during the forecast period. Advanced surgical infrastructure & ability to perform complex surgeries is enhancing segment demand.
Arthroscopic Shavers Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America holds the largest share of the global arthroscopic shaver market. High prevalence of sports injuries and degenerative joint disorders like osteoarthritis, especially among aging populations. Strong adoption of advanced medical technologies and minimally invasive surgical techniques. Europe has one of the highest elderly populations, leading to increased incidences of joint disorders like osteoarthritis. The Asia-Pacific region is experiencing rapid growth in the arthroscopic shaver market. Rising healthcare expenditure and improving healthcare infrastructure, particularly in emerging economies like China and India. Growing awareness of minimally invasive surgeries, leading to increased adoption of arthroscopic procedures.
The arthroscopic shaver market is highly competitive, with both global and regional players engaged in new product development, partnerships, etc. Companies like Stryker, Smith & Nephew, and Arthrex lead the market, leveraging cutting-edge technologies and strong global distribution networks, while other players like ConMed and Zimmer Biomet continue to strengthen their foothold, especially in emerging regions. Some players are integrating robotic technologies with their arthroscopic tools for more precision and control during surgeries. Also, companies are enhancing arthroscopic shavers with high-definition cameras and advanced visualization systems to improve the clarity and accuracy of procedures.
In January 2024, Integrated Endoscopy, a medical device company pioneer in the development of cordless 4K, low-cost, single-use endoscopes for the arthroscopic surgery, announced its partnership with Frii Medical to introduce its proprietary single-use shaver system.
In April 2023, Pristine Surgical completed its first human procedure by using Summit, the first ever 4K single-use surgical arthroscope.