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(Medical-NewsWire.com, October 29, 2019 ) Market Overview:
Arthroscopy devices are surgical devices to visualize, examine, and execute therapeutic interventions inside bone joints of knee, hip, spine, shoulder, and elbow for specific conditions, such as osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumor.
Arthroscopy devices are means of viewing inside joints. In an arthroscopic surgery a small device is implanted into a joint through a small cut. In the arthroscope, a tiny lens and fiber optic light is connected to a camera and monitor which lets the orthopedic surgeon to observe inside the joint and perform variety of different procedures. Most large or medium sized joints, like knees and shoulders are repaired by arthroscopic approaches. Arthroscopic approach has long-term outcomes, low post-operative pain, and reducing hospital stays.
• Increase in Prevalence Of Musculoskeletal Disorders To Fuel Market Growth
• The major drivers fueling the growth of the market are rise in geriatric population that leads to increase in prevalence of musculoskeletal disorders like osteoarthritis and rheumatoid arthritis, advancement in technology and growth in number of sport injuries where arthroscopy procedure avoids the total joint replacements.
• The high cost of arthroscopy implants and instruments and risks and complications after the arthroscopy procedures such as bleeding, pain in the operated area, nerve damage, stiffness of the skin and infections are going to restrain the market in the forecast period.
• In some instances, the metal screws, plates, and rods that form the hardware of fixation devices either break or get displaced and on an average 15%-20% of the tendons are not fully healed.
The Arthroscopic Devices Market are segmented by product type as Arthroscopic Implants, Arthroscopes, Arthroscopy Instruments and Accessories, Arthroscopy Fluid Management Devices, Arthroscopy Radiofrequency Devices, Arthroscopy Shaves and Arthroscopy Visualization Devices, by application as knee, shoulder, hip, foot and ankle and others and by end user as hospitals, ambulatory surgical centres and others.
The arthroscopy instruments and accessories market dominated the market in 2018 accounting for more than 30% of the market.
Hip Arthroscopy accounted for more than 25% of the market in 2018……
On the basis of application hip arthroscopy is expected to hold the dominance. It accounted for more than 25% of the total Arthroscopy Devices Market in 2018. According to a study by World Health Organization (WHO) in 2014, osteoarthritis is one of the ten most disabling diseases in developed countries. 10% of men and 18% of women aged over 60 years have symptomatic osteoarthritis, including moderate and severe forms all over the world.
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Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America holds a dominant position in the global Arthroscopy market accounting for more than 75% of the total market share and is expected to grow at the highest CAGR of 6.2% over the period of forecast, the reason being technological advancements and growth of orthopedic disorders.
In South America, various orthopedic organizations and National Institutes of Health (NIH), actively plays a key role in creating awareness regarding the importance of minimally invasive techniques for treating orthopedic and musculoskeletal disorders. South America is expected to grow at a CAGR of 4.5% over the forecast period.
Some of the major key players in the market are Arthrex, Stryker Corporation, Conmed, DePuy Synthes, Smith & Nephew, Karl Storz GmbH & Co.KG, Olympus America Inc., Vimex Sp. Z.o.o., Wright Medical Group N.V., and Richard Wolf GmbH.
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