PUBLISHER: The Business Research Company | PRODUCT CODE: 1619422
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619422
Arthroscopic visualization instruments are medical devices designed to view and examine the interior of joints through small incisions. They include a fiber-optic camera and specialized lenses, facilitating minimally invasive diagnostics and treatments. Their main function is to offer a clear, detailed view of the joint's interior, enabling surgeons to perform accurate procedures with minimal impact on surrounding tissues.
The key types of arthroscopic visualization products include arthroscopic implants, arthroscopes, visualization systems, motorized shavers, fluid management systems, and radiofrequency devices. Arthroscopic implants, such as screws, anchors, and suture implants, are used during surgery to repair or replace damaged joints. These tools are applicable in various procedures, including knee, hip, and shoulder arthroscopies, and are used by hospitals, ambulatory surgery centers, and other healthcare facilities.
The arthroscopic visualization instruments market research report is one of a series of new reports from The Business Research Company that provides arthroscopic visualization instruments market statistics, including arthroscopic visualization instruments industry global market size, regional shares, competitors with arthroscopic visualization instruments market share, detailed arthroscopic visualization instruments market segments, market trends and opportunities, and any further data you may need to thrive in the arthroscopic visualization instruments industry. This arthroscopic visualization instrument market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The arthroscopic visualization instruments market size has grown strongly in recent years. It will grow from $2.26 billion in 2023 to $2.40 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to heightened awareness and patient demand, greater focus on joint health, a rise in the demand for arthroscopic procedures, advancements in light sources and fiber optics, and a stronger emphasis on training programs.
The arthroscopic visualization instruments market size is expected to see strong growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth during the forecast period can be attributed to the expansion of healthcare infrastructure, government initiatives, a shift toward outpatient surgeries, international health efforts, and evolving regulatory frameworks. Key trends expected to influence this period include miniaturization and portability of devices, the use of advanced biocompatible materials, improved ergonomics and user experience, enhanced fluid management systems, and the development of quantitative imaging biomarkers.
The increasing number of knee implant patients is expected to drive the growth of the handheld arthroscopic instrument market. Knee implant patients are individuals who have had knee replacement surgery and now have artificial knee joints, or prostheses, implanted. This rise in knee implant patients is attributed to factors such as increasing obesity rates, advancements in surgical techniques, higher lifestyle expectations, longer life expectancy, high patient satisfaction, and improvements in implant technology. As the number of knee implant patients grows, there is a greater demand for handheld arthroscopic instruments, which offer minimally invasive surgical options that improve precision and recovery times in orthopedic procedures. For example, a report by the Canadian Institute for Health Information in 2023 indicated that there were 8,942 knee replacement diagnoses in 2021-2022, up from 8,548 in 2020-2021. The largest demographic was patients aged 65-74, comprising 41.2% of females and 42.3% of males. Thus, the increase in knee implant patients is driving the demand for handheld arthroscopic instruments.
Leading companies in the arthroscopic visualization instruments market are focusing on creating innovative solutions such as single-use arthroscopes to enhance patient safety, minimize infection risks, and provide cost-effective alternatives to reusable devices. Single-use arthroscopes are designed for one-time use, reducing the risk of infection and eliminating the need for sterilization between procedures. For instance, in November 2023, Pristine Surgical, a U.S.-based medical technology manufacturer, introduced the Summit 4K single-use surgical arthroscope in the U.S. This device features a sterile, single-use design that removes the need for reprocessing, thereby reducing infection risks, and provides high-definition 4K imaging for improved surgical visualization.
In January 2023, AA Medical, a U.S.-based provider of sustainable solutions for medical device equipment, formed a partnership with Certified Endoscopy Products LLC. This collaboration aims to establish a leading medical device reprocessing company, enhancing service offerings, expanding market reach, and improving access to high-quality medical devices for healthcare providers. Certified Endoscopy Products LLC is a U.S.-based company specializing in the reprocessing of arthroscopic visualization instruments.
Major companies operating in the arthroscopic visualization instruments market are Johnson & Johnson Services Inc., Medtronic plc, Medline Industries Inc., Stryker Corporation, Boston Scientific Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, Smiths Medical, B. Braun Medical Inc., Arthrex Inc., Teleflex Incorporated, KARL STORZ SE & Co. KG, CONMED Corporation, KLS Martin Group, Richard Wolf GmbH, Anika Therapeutics Inc., GPC Medical Ltd., Tekno-Medical Optik-Chirurgie GmbH, Millennium Surgical Corp., DePuy Synthes, WISAP Medical Technology GmbH
North America was the largest region in the arthroscopic visualization instruments market in 2023. The regions covered in the arthroscopic visualization instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the arthroscopic visualization instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The arthroscopic visualization instruments market consists of sales of video monitors, endoscopes, optical cables and fluid management systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Arthroscopic Visualization Instruments Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on arthroscopic visualization instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for arthroscopic visualization instruments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The arthroscopic visualization instruments market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.