Arthroscopy Products Market

Market Outlook for Arthroscopy Products

According to the arthroscopy products market insights detailed by Fact.MR, the global market was valued at over US$ 6.2 Bn in 2020, and is projected to expand 1.9X over the decade to be valued at US$ 11.7 Bn by 2031. Stryker Corporation, Arthrex Inc., ConMed Corporation, Johnson & Johnson, and Karl Storz SE & Co. KG are identified as prominent manufacturers of arthroscopy products as the per industry analysis.

Key Points Addressed in Arthroscopy Products Industry Research:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Demand for Arthroscopy Products and How to Navigate
• Recommendation on Key Winning Strategies

Sales Analysis of Arthroscopy Products from 2016-2020 Vs Industry Outlook for 2021-2031

Arthroscopy products industry insights reveal a growth trajectory of around 3.7% CAGR from 2016 to 2020. Demand was largely spurred by prevalence of musculoskeletal disorders, rising application in sports medicine, and increased product launches and developmental activities.

Adjusting for COVID-19-induced recessionary pressures, the market for arthroscopy products was estimated at over US$ 6.2 Bn in 2020, and is forecast to top US$ 11.7 Bn by 2031, expanding at a CAGR exceeding 6%.  

Why there is Growing Adoption of Arthroscopic Meniscal Surgeries?

Menisci are semi-lunar shock-absorbing cartilages between the femur and tibia. Meniscal surgeries take roughly an hour and include a few minor incisions. It takes a few weeks to recover and rehabilitate. The surgery can help reduce pain, enhance mobility and stability, and help get back to normal activities.

As per a report published in the Journal of Experimental Orthopedics in June 2021, a survey was conducted among ESSKA members that led to an analysis of the national trend in Arthroscopic Partial Meniscectomy (APM) and meniscus repair procedures in their respective countries (France, Belgium, Germany, and Japan).

It was concluded that:

• In France, APM decreased by 21.4% while the repair rate increased by 320% between 2005 and 2017.
• In Belgium, APM decreased by 28.6% between 2007 and 2017.
• In Germany, APM decreased by 30% while the repair rate increased by 55%.
• In Japan, APM decreased by 91% to 75% while meniscal repair procedures increased from 9% to 25% between 2011 and 2016.

Therefore, Menisci has been a major focus area for arthroscopists, and currently, meniscal repair surgery of the knee is the most common less-invasive arthroscopic surgery and products, as it is highly effective and successful leading to good results.

Will Rising Prevalence of Musculoskeletal Disorders Strengthen Demand for Arthroscopy Products?

As per a World Health Organization (WHO) report in 2021, nearly 1.71 billion people worldwide are suffering from musculoskeletal conditions, with low back pain being the leading cause of disability in around 568 million people.

Increasing prevalence of musculoskeletal conditions such as osteoarthritis, rheumatoid arthritis, back and neck pain, and bone fragility that affect the locomotor system such as muscles, joints, bones, and associated tissues can be diagnosed and treated with arthroscopic devices, which will drive demand for arthroscopy products.

Why is Application of Arthroscopy Products Increasing in Sports Medicine?

The arthroscopy market largely centers around sports and other physical activities where injuries are common. Owing to the benefits such as less muscle damage, faster recovery, and faster rehabilitation, arthroscopic treatment is being preferred over traditional surgeries.

Arthroscopic devices in the field of sports medicine are anticipated to provide huge opportunities to key players. Top suppliers of arthroscopic instruments are focusing on improving visualization with high-definition cameras, providing superior suturing techniques, and making customized suturing materials for specific applications.

According to the National Health Statistics report 2016, globally, around six million injuries occur in children and teens annually, out of which, one-third are sports-related. Anterior cruciate ligament (ACL) injury is regarded as a career-ending injury for professional athletes; however, with the advent of arthroscopy, ACL injury is reconstructed, allowing athletes to return to pre-injury activity levels.

Owing to benefits such as less muscle damage, faster recovery, and faster rehabilitation, arthroscopic treatment is being preferred over traditional surgeries

Country-wise Analysis

Will the U.S. Remain a Key Market for Arthroscopy Products?

In 2021, the U.S. is estimated to account for over 94% value share in North America.

Its dominance is driven due to increasing application in sports medicine, rising prevalence of osteoarthritis, new product launches, and ease in FDA clearance. These factors are driving demand for knee arthroscopy in the U.S.

Why is Germany Considered a Lucrative Market for Arthroscopy Products in Europe?

Germany accounts for 33.9% of the market share in Europe in 2021.

Demand for arthroscopy products is burgeoning at a mounting pace in Germany, primarily due to factors such as broad medical applications, technological advancements, and rising preference for minimally invasive surgeries for knee replacement and other injuries.

What are the Growth Opportunities for Arthroscopy Product Suppliers across China?

The China market is expected to account for over 9% CAGR throughout the forecast period.

In China, there is a rise in geriatric population along with increasing cases of rheumatoid arthritis and osteoarthritis, rising consumer income, increasing government initiatives, new product launches, and growing funding for life science research, which may affect current and future market trends.

Growing product penetration, rising health awareness, and latest innovations in shoulder arthroscopy are major factors driving market growth.

Category-wise Insights

Why Do Arthroscopic Implants Lead This Market Space?

In terms of product, arthroscopic implants will continue to hold highest share of 66.1%.

Arthroscopic implants greatly reduce the size of incisions needed to perform procedures, less scarring once the surgery site heals, and also reduce the risk of infection as the wounds are significantly smaller.

Which Procedures Contribute to Market Expansion?

In terms of procedure, knee arthroscopy procedure accounted for 46.9% of the market share in 2020. This latest trend in arthroscopes and visualization systems is expected to continue during the forecast period as well.

Competitive Landscape

Manufacturers of arthroscopy products emphasize on developing technologically advanced and innovative products by investing in research & development activities to gain a competitive advantage. Small manufacturers of arthroscopy products are focusing on increasing their global footprint to expand their businesses.

Improvement and streamlining of regulatory processes, ease in FDA approval, and growing funding for life science research in developing countries are expected to boost the product portfolio and development of top manufacturers of arthroscopy wands.

• In December 2020, Arthrex Inc. launched SwiveLock® ACL Repair Kit, the first and only FDA-cleared primary repair kit for repairing anterior cruciate ligament (ACL) tears.
• In March 2019, Stryker acquired OrthoSpace, Ltd., an Israel-based medical device company, to complement its current portfolio in arthroscopy and sports medicine. OrthoSpace's product InSpace was designed to provide a highly differentiated technology for treating rotator cuff tears and realigning the natural biomechanics of the shoulder.
• In October 2018, MinInvasive launched the OmniCuff rotator cuff repair system in the U.S. to expand its business activities internationally.
• In February 2018, Johnson & Johnson Medical Devices acquired Orthotaxy, a privately-held developer of software-enabled surgery technologies, including differentiated robotic-assisted surgery solutions. It helped the company broaden its application to a range of orthopaedic surgery procedures.

Arthroscopy Products Industry Report Scope

Attribute	Details
Market size value in 2020	USD 6.2 Billion
Market forecast value in 2031	USD 11.7 Billion
Growth Rate	CAGR of 3.7% from 2021 to 2031
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & Number of Product
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Countries Covered	U.S. Canada Germany U.K. France Italy Spain India China Japan South Korea Australia Brazil Mexico Argentina GCC South Africa
Key Market Segments Covered	Product Procedure Region
Key Companies Profiled	Arthrex Inc. Conmed Corporation Johnson & Johnson KARL STORZ GmbH & Co. KG Olympus Corporation Richard Wolf GmbH Stryker Corporation Smith & Nephew plc Zimmer Biomet Holdings Stryker Corporation Medtronic plc B Braun Melsungen AG
Pricing	Available upon Request

Key Segments Covered in Arthroscopy Products Industry Survey

• Product

  • Arthroscope and Visualization Systems
  • Arthroscopic Resection Systems
  • Arthroscopic Fluid Management Systems
  • Arthroscopic Implants
  • Arthroscopic RF Systems
  • Arthroscopic Drills and Fixation Systems
  • Other Arthroscopy Instruments & Accessories

• Procedure

  • Shoulder Arthroscopy
  • Hip Arthroscopy
  • Knee Arthroscopy
  • Elbow, Wrist, Digits & Ankle Arthroscopy