PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1452687
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1452687
The landscape of arthroscopic surgery is undergoing a transformative shift propelled by rapid technological advancements and evolving surgical practices. Arthroscopic shavers, powered systems crucial for soft tissue and bone resection during joint procedures, have emerged as indispensable tools in modern orthopedic practices. However, with the emphasis on patient safety and enhanced efficiency, surgeons are increasingly favoring single-use arthroscopic shavers over traditional reprocessed counterparts.
In response to concerns regarding physical damage to shaver blades and the risk of infection associated with reuse, surgeons worldwide are gravitating towards single-use arthroscopic shavers. This paradigm shift reflects a commitment to optimizing patient outcomes and minimizing post-operative complications.
According to Fairfield Market Research the global arthroscopic shaver market is poised for substantial growth, with projected revenues exceeding US$ 1.7 billion in 2024. Europe is anticipated to dominate the market by the end of the forecast period. Notably, while Europe remains a lucrative market, regions like North America and Latin America are also poised for significant growth.
Shaver handpieces are expected to capture the largest revenue share of the market, fueled by the introduction of advanced designs that enhance performance and prevent stalling. The market is witnessing a surge in high torque and lightweight handpieces, empowering surgeons with unparalleled precision and speed during procedures.
Orthopedic clinics are projected to emerge as the fastest-growing end-users of arthroscopic shavers by 2031, underscoring the expanding role of outpatient facilities in orthopedic care delivery. While hospitals and ambulatory surgical centers continue to dominate the market, orthopedic clinics are poised for accelerated growth, driven by increasing procedural volumes and advancements in minimally invasive techniques.
Knee and hip repair procedures are expected to remain the primary applications of arthroscopic shavers. However, the market for hip repair procedures is projected to exhibit a higher compound annual growth rate (CAGR) compared to knee repair procedures. In contrast, arthroscopic shavers for shoulder repair procedures are anticipated to account for a smaller revenue share throughout the forecast period.
The global arthroscopic shaver market is characterized by intense competition, fueled by a surge in mergers and acquisitions among established players and regional vendors. Key players identified in report include Karl Storz GmbH, Arthrex, Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew, DePuy Synthes Mitek Sports Medicine, and Zimmer Biomet. Additionally, the market is witnessing a proliferation of application-specific products as vendors strive to cater to the evolving needs of surgeons and patients alike.
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