Arthroscopic Devices Market

Arthroscopic Devices Market will Exceed US$ 1,700 Mn by 2022
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.
Patients Prefer Hospitals over Orthopedic Clinics & ASCs for Arthroscopic Procedures : 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.
Arthroscopic Devices Market in APEJ to Gain Higher Traction During 2017 to 2022 : 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. 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.
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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.
Arthroscopy Taking Digital Leap towards Operation Theatre Customization : High-volume
commoditization of arthroscopic devices, owing to their constant replacement, is creating a steady
revenue stream for medical device manufacturers. Various technological advancements are have
been witnessed in arthroscopic devices since recent past. For instance, Zimmer Biomet introduced
“Vanguard” in 2016, which revolutionized the total knee replacement procedure. In addition, a slew
of innovations in arthroscopy visualization systems, such as development of high, and ultra-high
definition systems providing an enhanced video quality, have facilitated visualization of patients’
anatomy. Lower risk of infections associated with the arthroscopy procedures, coupled with faster
recovery time of patients and rapid results obtained by the procedures are expected to propel
demand for arthroscopic devices. Utilizing standardized imaging systems, arthroscopy has taken a
digital leap to customized operation theatres, which have integrated fluid management systems,
power instruments, cameras, and endoscopes. This will further influence demand for arthroscopic
devices in the years to come.
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