iCrowdNewswire Feb 6, 2021 7:00 AM ET
High cases of sports injuries, a rise in geriatric population along with launch of technologically advanced tools and devices are the key factors contributing to the CAGR in the forecast period.
Market Size – USD 3.89 Billion in 2018, Market Growth – CAGR of 6.3%, Market Trends – heavy investments for research and development and launch of products with higher efficiencies.
According to the current analysis of Reports and Data, the global Arthroscopy market was valued at USD 3.89 Billion in 2018 and is expected to reach USD 6.78 Billion by year 2026, at a CAGR of 6.3%. The study covers the genre of healthcare with special focus on medical devices for Arthroscopy. Arthroscopy is a surgical procedure that orthopedics use to diagnose, visualize and treat several problems of the joints. It is applicable to knee, shoulder, wrist, hip, spine and temporomandibular joints. Unlike the traditional open surgeries, Arthroscopy, doesn’t need to fully open the joints. Originally, Arthroscopy was designed simply as a visualizing and diagnosis machine. However, with the rising technological advancements arthroscopy was promoted from being a procedure to being a surgery. The tools and devices required for this surgery include, arthroscopes, grasping tools, implants, shavers and fiber optics. A rise in the preferences of the people towards less painful and less invasiveness during surgeries has been fueling the arthroscopic market. An increase in the geriatric population with arthritis problems has been a key driving factor of the market. However, the high costs of the surgery and lack of skilled surgeons, especially, in developing and under-developed countries have been a few of the major restraining factors.
The report systematically segments the market to provide a more in-depth understanding of the market’s distinctive aspects. Besides inspecting the financial positions of the leading companies in this industry, the report carefully evaluates the gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and numerous other financial ratios of these market players. Reports and Data’s expert team of researchers have vividly pictured the global market scope over the projected timeline and analyzed the growth prospects of the new market entrants leveraging a set of advanced analytical tools, including the SWOT analysis, Porter’s Five Forces Analysis, and investment assessment. Therefore, the research study offers the latest updates about the significant impact of the ongoing COVID-19 on the Arthroscopy business sector. The coronavirus outbreak has drastically impacted the global economic landscape. The report’s authors have performed a complete dissection of the current market scenario that is struggling with a severe financial crunch.
The key market players profiled in the report: Stryker, Arthex Inc., DePuy Synthes Co., Arthrotek Inc., Smith & Nephew and ConMed Corp. Arthex Inc., etc.
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Global Arthroscopy Market: Competitive Landscape
The global Arthroscopy market is highly competitive in nature. The report conducts a precise study of the functioning mechanisms of the global Arthroscopy market’s leading contenders. Industry experts have observed a wide array of business growth strategies employed by these industry players that enable them to accrue significant shares of the global market and further fortify their market positions. This section of the report thus emphasizes the fundamental strategic initiatives, such as new business deals, collaborations, joint ventures, mergers & acquisitions, and technological upgradation, undertaken by these players to build a valuable market standing. The global Arthroscopy market report studies the company profiles of these market players in detail to enable readers to gain meaningful insights into this industry’s emerging growth and development prospects.
Type (Revenue, USD Million; 2016–2026)
• Arthroscopy Shavers
• Visualization Systems
• Fluid Management
• Radio Devices
Application (Revenue, USD Million; 2016–2026)
• Temporomandibular Joints
End Use (Revenue, USD Million; 2016–2026)
• Ambulatory surgical centers and clinics
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Key Takeaways from the Global Arthroscopy Market report:
• The global Arthroscopy market report entails a broad product segmentation.
• It methodically evaluates the overall product expanse of this business space.
• The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
• The report provides the reader with a generic summary of the application gamut of the global Arthroscopy market.
• The report further details the market share and product demand for each application segment.
• The study estimates the growth rate of each application segment over the projected timeframe.
• Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
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Global Arthroscopy Market: Table of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
3.1. Rising prevalence of sports injuries
3.2. Rise in geriatric population
Chapter 4. Arthroscopy Segmentation & Impact Analysis
4.1. Arthroscopy Segmentation Analysis
4.2. Arthroscopy Market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Arthroscopy Market Impact Analysis
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Keywords: Arthroscopy Market, Arthroscopy Industry, Arthroscopy Market size, Arthroscopy Market share, Arthroscopy Market trend, Arthroscopy Market forecast, Arthroscopy Market growth, Arthroscopy Market 2021