Arthroscopic Devices Market

Arthroscopic Devices Market is Expected to Represent US$ 1,700 Mn by 2022-end
The global arthroscopic devices market is estimated to register a CAGR of 5.1% over the forecast
period 2017 to 2022, according to a new report by Persistence Market Research (PMR). The market
for arthroscopic devices has been witnessing a paradigm shift from conventional open surgeries to
the minimally invasive ones, on the back of complications pertaining to the former. Many
governments around the world are taking initiatives associated with healthcare tourism via deals &
packages, which include easier visa approvals, and post-operation follow-ups. These factors will
positively influence the market for arthroscopic devices globally. Revenues from the market are
expected to exceed US$ 1,700 Mn by 2022-end.
Hospitals are expected to remain the largest end-users of arthroscopic devices in the global market.
Most of the patients prefer hospitals for arthroscopic procedure over other healthcare settings such
as orthopedic clinics, and ASCs. This is mainly because hospitals procure medical products,
consumables, and accessories in bulk quantity, engaging closely with manufacturers & suppliers,
government agencies, and reimbursement authorities.
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Among various products in the global arthroscopic devices market, arthroscopes are expected to
remain the most lucrative, with sales anticipated to register an impressive expansion through 2022.
The number of arthroscopic procedures is witnessing a significant surge, owing to the rise in older
population worldwide. In addition, requirement for accurate and early diagnosis of patient
conditions have increased demand for cost-effective minimally-invasive procedures, such as
arthroscopy. These factors are expected to spur demand for arthroscopes over the forecast period.
The market in Asia-Pacific excluding Japan (APEJ) is poised to gain a significant traction over the
forecast period, particularly in the region’s developing economies such as China and India.
Existence of better insurance schemes, favorable reimbursements, low taxation, increased sports
activity and related injuries, and rise in purchasing power of population in the region are key drivers
for growth of the market in APEJ.
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Moreover the healthcare tourism in India and China is gaining popularity owing to a relatively
lower expenditure requirement, and rising treatment success rates through use of technologically
advanced systems. This will further influence expansion of the arthroscopic devices market in
APEJ. However, the markets in North America and Europe are expected to remain comparatively
more lucrative, owing to presence of leading market players, and relatively higher healthcare
tourism attraction.
Knee Arthroscopy is expected to remain the largest application of arthroscopic devices, with
revenues accounting for over one-third share of the market during 2017 to 2022. Hip arthroscopy
will stick to its position of being the second most lucrative application of arthroscopic devices.
Between spine arthroscopy and shoulder & elbow arthroscopy, the former will account for larger
revenues, whereas the latter will exhibit a higher CAGR through 2022.
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The global arthroscopic devices market is estimated to register a CAGR of 5.1% over the forecast period 2017 to 2022, according to a new report by Persistence Market Research (PMR)