Arthroscopic Shaver Market

Arthroscopic Shaver Market Outlook (2021-2031)

The global arthroscopic shaver market is valued at US$ 1.8 Bn, and is projected to top US$ 2.9 Bn by 2031, rising at a steady CAGR of 5.6% over the next ten years.

As per detailed industry analysis by Fact.MR, arthroscopic shavers account for 6% of the global medical surgical instruments market, and this is expected to increase rapidly owing several manufacturers producing technologically advanced medical instruments meant to be used in surgeries.

Report Attributes	Details
Arthroscopic Shavers Market Size (2020A)	US$ 1.7 Bn
Projected Year Value (2031F)	US$ 2.9 Bn
Value CAGR (2021-2031)	5.6%
Collective Value Share (U.S. ,U.K., India, Brazil) : Top 4 Countries	60%
Key Companies Profiled	Karl Storz Arthrex CONMED Corporation Stryker Corporation Smith Nephew DePuy Synthes Mitek Sports Medicine Zimmer Biomet Medtronic plc Richard Wolf GmbH Tulpar Medical Solutions GPC Medical (India) Sklar (US) MEDICON (Germany) B. Braun (Germany) Olympus (Japan)

Demand Analysis of Arthroscopic Shaver (2016-2020) Vs Market Outlook (2021-2031)

There has been commendable progress in arthroscopic procedures, along with sophistication of the equipment over the past decade. Powered instruments, such as an arthroscopic shavers, are increasingly used in numerous arthroscopic procedures. Arthroscopic shavers have become a vital apparatus in routine arthroscopic surgeries for enhanced visualization and therapeutics.

Advancement of arthroscopic surgery has radically altered the diagnosis and treatment of various joint diseases. Arthroscopic shavers are also needed in reconstructive surgery to clean ligament residue and prepare for reconstruction of the ligament.

Manufacturers are working on offering other features such as tooth and edge profiles, different sizes of the cutting window, cutting precession of blades, and enhanced performance of resection. They are producing different types of shavers in varying sizes and shapes to meet different requirements of joint surgery.

Surgeons are increasingly preferring single use arthroscopic shavers in place of traditional reuse shavers due to growing risk of infection and damage to instrument from operating procedures.

Fact.MR projects the global market for arthroscopic shaver to exhibit growth at 5.6% CAGR from 2021 to 2031 as compared to the CAGR of 4.5% recorded for 2016 to 2020.

Why are Arthroscopic Shavers Gaining Traction in the Industry?

Companies are investing in research & development activities to offer technologically advanced surgical instruments to increase the recovery rate of patients suffering from orthopedic diseases such as cartilage or ligament tear in the knees and tendon tear in the shoulders. Consumer willingness to spend on high-end surgeries using technological instruments to prolong their life expectancy and reduce pain quickly is expected to drive demand for arthroscopic shaving equipment.

Increase in geriatric population and growing health aliments across different age groups due to unhealthy lifestyle habits are expected to provide opportunities in this market. Manufacturers are developing electric shavers for orthopedic surgeries to provide higher safety for joint cartilage therapy.

Country-wise Insights

U.S. to Remain Leading Market for Arthroscopic Shavers

In North America, the U.S. has the highest value share contribution to overall market revenue. This is attributed to technologically advanced healthcare facilities and high government expenditure on healthcare. Demand for arthroscopic shavers is currently valued at US$ 436.7 Mn in the U.S.

The U.S. holds a market share of 73.4% in the North American arthroscopic shaving devices market, is anticipated to grow steadily through 2031.

• Arthrex, based in Florida, USA, is a global leader in medical devices, and is known for its product development and medical education in orthopedics. Arthrex is a pioneer in the field of arthroscopy and has developed more than 2,000 surgical products for minimally invasive orthopedics, globally.

Which is the Dominant Market for Arthroscopic Shavers in Asia?

Increasing cases of orthopaedic diseases and rising population of elderly people are expected to the open doors for many untapped opportunities in Asia Pacific countries such as India and China, for arthroscopic shaver suppliers. Governments are expected to increase expenditure on healthcare, which is expected to boost technological developments in the healthcare sector, in turn driving demand for arthroscopic shavers.

China holds around 50% share in the East Asia market for arthroscopic shavers.

Category-wise Insights

Why are Hand-piece Arthroscopic Shavers Expected to Witness High Consumption?

Shaver hand-piece shows highest consumption among all the product types. These hand-pieces can accommodate different types of surgical blades and give manual control during suction procedures. They are available in different sizes and weights specific to surgical needs. Some hand-pieces have additional features such as push buttons to control blade movement.

High torque hand-pieces are used for handling surgeries according to variation in tissue sizes. Sales of shaver hand-pieces account for 4.5% market, and are projected to increase at a CAGR of 5.5% over the forecasted period.

Which is the largest Application for Arthroscopic Shaving Systems?

Knee and hip repair contribute highest share in the application of arthroscopic shavers. Extended working hours and wrong body postures are affecting the overall health of people, and, as a result, there are growing instances of pain in joints and back.

Orthopedic diseases are also increasing, resulting in rise in cases of serve joint pains that need operating. According to Fact.MR, use of arthroscopic shavers for knee repair is projected to increase at a CAGR of 5.7% over the decade.

Impact of COVID-19

The COVID-19 pandemic adversely affected the global arthroscopic shavers market. Several companies were hit due to closure of manufacturing and assembling companies. Lack of availability of products in the market affected the sale of arthroscopic shavers.

Instore sales came to a standstill as shops were forced to close down owing to fear of the spread of the virus. But as the economy reopened, the market is slowly gaining impetus. Additionally, the outbreak has hugely impacted consumer preferences as they continue to spend on primarily on essential Items.

Competitive Landscape

The market for arthroscopic shavers is highly segmented due to the uneven distribution of companies. Already established players are focusing on product innovation and new product development.

• KARL STORZ crafts innovative products for meniscal refixation, cruciate ligament reconstruction, reconstruction of shoulder instability, as well as hip arthroscopy.
• Zimmer Biomets Tricera System is an advanced arthroscopy system that successfully combines hemostasis, tissue resection, bone cutting, and fluid management into one system.

Key Segments Covered in Arthroscopic Shavers Industry Survey

• By Product Type :

  • Control Systems
  • Shaver Hand-pieces
  • Accessories
  • Others

• By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics

• By Application :

  • Knee Repair
  • Shoulder Repair
  • Hip Repair
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • MEA