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Arthroscopy Products Market

Arthroscopy Products Market

Rising Prevalence of Musculoskeletal Disorders & Application in Sports Medicine to Spur the Demand for Arthroscopy Products during 2021-2031

Arthroscopy Products Market
FACT6957MR
  • Sep-2021
  • List of Tables : 16
  • List of Figures : 69
  • 170 Pages
  • Healthcare

Market Snapshot

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

Know More Details About the Report

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%.  

Arthroscopy products market by product type by Fact.MR

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.

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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

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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.

Arthroscopy products market competitive analysis by Fact.MR

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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

Arthroscopy Products Market - Scope of Report

A recent study by Fact.MR on the arthroscopy products market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering arthroscopy products.

The study also provides the dynamics responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing arthroscopy products, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of arthroscopy products across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of arthroscopy products during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for arthroscopy products?
  • Which factors will impact growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the arthroscopy products industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for arthroscopy products market are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global arthroscopy products market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the arthroscopy products market during the forecast period.

Country-specific valuation on demand for arthroscopy products has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of arthroscopy product, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering arthroscopy products has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the arthroscopy products market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the arthroscopy products market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global arthroscopy products market is valued at above US$ 6.2 Bn.

Fact.MR expects demand for arthroscopy products to top US$ 11.7 Bn by 2031, expanding nearly 1.9X.

From 2016 to 2020, sales of arthroscopy products increased at a CAGR of approximately 3.7%.

Growing adoption of arthroscopic meniscal surgeries, market consolidation, and rise in medical tourism are key trends in this space.

The U.S., Germany, U.K., China, and Japan are the top 5 markets expected to drive demand for arthroscopy products.

North America is one of the key markets for arthroscopy products. According to Fact MR, the U.S. is expected to account for 92.3% of the North American market through 2031.

Demand for arthroscopy products is expected to register growth in Europe at 6% CAGR over the decade.

The market in Korea is expected to exhibit 3.4% CAGR, while Japan is expected to exhibit 5.8% CAGR during the forecast period.

Stryker Corporation, Arthrex Inc., ConMed Corporation, Johnson & Johnson, and Karl Storz SE & Co. KG are prominent players manufacturing arthroscopy products across key regions.

The East Asia market is set to exhibit a CAGR of 7.6% due to high availability of technologically advanced products and new manufacturers coming in.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.