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Arthroscopic Shaver Market

Arthroscopic Shaver Market

Arthroscopic Shaver Market Analysis, By Product Type (Control Systems, Shaver Hand Pieces, Accessories), By End User (Hospitals, Ambulatory Surgical Centers, and Orthopedic Clinics), By Application (Knee Repair, Shoulder Repair, Hip Repair) - Global Market Insights 2021 to 2031

Arthroscopic Shaver Market
FACT7081MR
  • Jan-2022
  • List of Tables : 107
  • List of Figures : 64
  • 170 Pages
  • Consumer Goods

Arthroscopic Shaver Market Outlook

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.

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%

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.

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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.

Arthroscopic shavers market regional analysis by Fact.MR

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.

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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.

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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.

Arthroscopic Shavers Industry Report Scope

Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.K
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • Product Type
  • End User
  • Application
  • Region
Key Companies Profiled
Pricing Available upon Request

Key Segments Covered in Arthroscopic Shavers Industry Survey

  • Arthroscopic Shavers Market by Product Type

    • Control Systems
    • Shaver Hand-pieces
    • Accessories
    • Others
  • Arthroscopic Shavers Market by End User

    • Arthroscopic Shavers for Hospitals
    • Arthroscopic Shavers for Ambulatory Surgical Centers
    • Arthroscopic Shavers for Orthopedic Clinics
  • Arthroscopic Shavers Market by Application

    • Arthroscopic Shavers for Knee Repair
    • Arthroscopic Shavers for Shoulder Repair
    • Arthroscopic Shavers for Hip Repair
    • Others
  • Arthroscopic Shavers Market by Region

    • North America Arthroscopic Shavers Market
    • Latin America Arthroscopic Shavers Market
    • Europe Arthroscopic Shavers Market
    • East Asia Arthroscopic Shavers Market
    • South Asia Arthroscopic Shavers Market
    • Oceania Arthroscopic Shavers Market
    • MEA Arthroscopic Shavers Market

- FAQs -

The global arthroscopic shavers market is worth close to US$ 1.8 Bn at present.
Sales value of arthroscopic shavers is forecasted to surpass US$ 2.9 Bn by the end of 2031.
From 2016 to 2020, arthroscopic shaver sales increase at a 4.5% CAGR.
Some of the key suppliers of arthroscopic shavers are Karl Storz, Arthrex, CONMED Corporation, Stryker Corporation, Smith Nephew, DePuy Synthes, and Mitek Sports Medicine.
North America tops the global market for arthroscopic shavers with 35% market share.
Orthopedic clinics hold around 45.3% share in the overall sales of arthroscopic shavers.

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