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Arthroscopy devices marketArthroscopy Devices Market to Surpass US$ 6.0 Billion Threshold by 2025, with Arthroscopy Implants Segment Taking Center Stage

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The Global Arthroscopy Devices Market was valued at US$ 2,369.6 million in 2016 and is projected to expand at a CAGR of 5.1% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Increasing num
GLOBAL ARTHROSCOPY DEVICES
MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2017–2025
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Arthroscopy Devices Market Overview
The Global Arthroscopy Devices Market was valued at US$ 2,369.6 million in 2016 and is
projected to expand at a CAGR of 5.1% during the forecast period (2017–2025), as
highlighted in a new report published by Coherent Market Insights. Increasing number of
knee implantation and hip implantation procedure is supporting growth of the arthroscopy
devices market.
Arthroscopy being a minimally invasive surgery, significantly reduces patient recovery time,
decreases chances of infection during surgical procedure, and curtails bleeding during
surgery. Being a largely outpatient surgical procedure, the patient needs to stay in the
hospital for just a few days, with the procedure itself lasting for a few hours. Therefore, the
preference for arthroscopic procedures is increasing instead of general/open surgical
procedure. Furthermore, wide adoption of technologically advanced implants such as
cementless prosthetics are also supporting growth in number of people opting for such
implantations. The other factors related to the growth of implantation are alarming increase
in rate of road accidents and growing obese population worldwide leading to the growth of
knee pain, fractures and osteoarthritis which also known as degenerative joint disease.
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As per the stats published by Centers for Disease Control and Prevention, around 54.4
million people in U.S. were suffering from some form of arthritis and rheumatoid arthritis in
2013-2015. This number is expected to increase to around 78 million by 2040.
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Arthritis is a highly prevalent disease, with prevalence rate increasing steadily. For instance,
as per data published by Arthritis Foundation, in U.S., arthritis affects 1 in 4 adults and its
prevalence increased by 22.7% during 2010-2012. Furthermore, the prevalence of severe
joint pain was 27% among adults with arthritis in 2016, with prevalence especially high
among people ages 64 years and above.
Also, as per Arthritis Foundation, the number of adults suffering from severe joint pain
increased from 10.5 million in 2002 to 14.6 million in 2014, in the U.S.
Browse Press Release: https://www.coherentmarketinsights.com/pressrelease/arthroscopy-devices-market-to-surpass-us-60-billion-threshold-by2025-with-arthroscopy-implants-segment-taking-center-stage-231
Also, other factors driving growth of arthroscopy devices market is increasing number of
arthroscopy procedures due to sport injuries. Athletes and sportspersons are inclined
towards opting for arthroscopy surgery for treatment of sports related injuries, as the
recovery time associated with it is relatively less. As per stats published by Orthopaedic
Institute, Stuart Gold, M.D., Inc., over 600,000 arthroscopy surgeries are performed every
year and knee arthroscopy surgery contributes over 80% of the total procedures.
Arthroscopic knee surgery is commonly used to treat patella-femoral syndrome.
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION
Key takeaways of the market:
• The global arthroscopy devices market is expected to expand at a CAGR of 4.8%
during the forecast period (2017–2025). Technological advancements in devices is
expected to favor the demand for arthroscopy devices over the forecast period.
• The arthroscopy implants segment in the global arthroscopy devices market was
estimated to be the largest in 2016 and is expected to retain its dominance in the
market throughout the forecast period in terms of value closely followed by
arthroscopy visualization systems. Rise in cases for joint pain and knee surgery
globally is projected to support the growth for arthroscopy devices market in the
near future.
• The market in North America is expected to expand at a significant CAGR of 4.7%
during the forecast period, owing to more installations of arthroscopy devices
• The global arthroscopy devices market is characterized by strategic research and
development and advancements in the arthroscopy devices
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