The global arthroscopy devices and equipment market was valued at about $2.6 billion in 2018 and is expected to grow to $2.9 billion at a CAGR of 2.8% through 2022.
The increasing prevalence of arthritis is driving the need for arthroscopy devices. Sedentary lifestyle of the people has led to an increase in the number of people suffering from arthritis. The National Arthritis Prevalence Projections stated that arthritis is expected to increase with the aging population, thereby increasing the demand for arthroscopic devices. According to Centers for Disease Control and Prevention (CDC), in 2015, 54.4 million adults in the USA were diagnosed with arthritis and the number is predicted to reach 78.4 million by 2040.
Rise in product recalls is one of the restraints for the Arthroscopy Treatment Devices and Equipment market. Product recall is a process of retrieving all faulty and defective products that have been sold or are available in the market. When a company recalls a product from the market, the company baers all the cost of fixing the defective product and cost of replacement. This replacement cost for large number of products can go up to multi-million dollars, restraining the growth of the company and for the whole market as well. For example, in the year 2017, Windstone Medical Packaging recalled its cover light handle disposable gloves of AMS kits as the gloves contained splits and punctures holes.
The arthroscopy device and equipment industry is witnessing rise in mergers and acquisition activity. Major companies in the arthroscopy device market strategically acquired start-ups and mid-sized companies to broaden their products and services. For instance, in 2019, Smith & Nephew acquired Ceterix orthopedics in order to expand its product portfolio on NovoStitch Pro Meniscal Repair System, a knee repair device, and capitalize on the rising demand. In April 2016, Stryker Corp. acquired CareFusion vertebral compression fracture (VCF) portfolio from Becton, Dickinson and Company. The portfolio includes minimally-invasive systems used in vertebroplasty and vertebral augmentation procedures. Through this acquisition, Stryker Corp. will strengthen its position in the minimally invasive vertebral compression fracture treatment market. Anika Therapeutics is in strategic partnerships with industry leaders such as DePuy Synthes, Mitek Sports Medicine, Medtronic, and Boehringer Ingelheim to develop new orthrobiologics. In June 2015, Anika Therapeutics collaborated with the Institute for Applied Life Sciences at the University of Massachusetts for the development of new therapies to treat bone-related diseases. The company aims to launch new products to improve its market position in the global arthroscopy devices market. In November 2016, Stryker Corporation announced multi-year partnership with Indo UK Institute of Health to deliver affordable arthroscopic care in India.
In June 2018, Medicines and Healthcare products Regulatory Agency (MRHA), a regulatory body for arthroscopic and orthopedic devices of the UK, sent an urgent field safety notice to Stryker corporation, a medical and Orthopedics device manufacturer, initiating a lot-specific recall for the Stryker hip Products. The notice was sent as the implantation devices were either larger or smaller than the intended device. This impacted patientÕs health by insufficient soft tissue tension, excessive stress in soft tissue, hip instability and risks associated with revision surgeries. To reduce incidences associated with these devices MRHA has sent an urgent field safety notice to take a corrective action by returning to supplier in order to conduct an investigation and correct the device.
In 2018, Stryker Corporation acquired K2M Group Holdings, Inc. for $1.4 billion. This acquisition will strengthen and expand Stryker's offerings in the arthroscopy, minimally invasive spine portfolio and increase its capabilities in additive manufacturing. K2M Group Holdings, Inc., a company offering complex spine and minimally invasive solutions, designs, develops, and commercializes innovative complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat some of the most complicated spinal pathologies. The company was founded in 2004 and is headquartered in Leesburg, Virginia, USA.
Major players in the market are Arthrex, Inc., Smith & Nephew, ConMed Corporation, Stryker and Medtronic.
Arthroscopy Devices And Equipment Market Global Report 2020 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the global arthroscopy devices and equipment market.
Reasons to Purchase
¥ Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
¥ Create regional and country strategies on the basis of local data and analysis.
¥ Identify growth segments for investment.
¥ Outperform competitors using forecast data and the drivers and trends shaping the market.
¥ Understand customers based on the latest market research findings.
¥ Benchmark performance against key competitors.
¥ Utilize the relationships between key data sets for superior strategizing.
¥ Suitable for supporting your internal and external presentations with reliable high quality data and analysis
¥ Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for the arthroscopy devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Arthroscopy Devices And Equipment Market Global Report from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
¥ The Market Characteristics section of the report defines and explains the market.
¥ The Market Size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
¥ Market Segmentations break down market into sub markets.
¥ The Regional and Country section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
¥ Competitive Landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
¥ The Trends and Strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
Scope
Markets Covered: 1) By Product : Arthroscopes, Arthroscopy Shavers, Arthroscopy Fluid Management System, Arthroscopy Radiofrequency System, Arthroscopy Visualization System, Arthroscopy Implants 2) By Application : Knee Arthroscopy , Hip Arthroscopy , Spine Arthroscopy , Foot & Ankle Arthroscopy , Shoulder & Elbow Arthroscopy, Others 3) By End User : Hospitals, Ambulatory Care, Trauma Centers
Companies Mentioned: Arthrex, Inc., Smith & Nephew, ConMed Corporation, Stryker, Medtronic
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time Series: Five years historic and forecast.
Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
2. Arthroscopy Devices And Equipment Market Characteristics
3. Arthroscopy Devices And Equipment Market Size And Growth
3.1. Global Arthroscopy Devices And Equipment Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Arthroscopy Devices And Equipment Forecast Market, 2019 - 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Arthroscopy Devices And Equipment Market Segmentation
4.1. Global Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
Arthroscopes
Arthroscopy Shavers
Arthroscopy Fluid Management System
Arthroscopy Radiofrequency System
Arthroscopy Visualization System
Arthroscopy Implants
4.2. Global Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
Knee Arthroscopy
Hip Arthroscopy
Spine Arthroscopy
Foot & Ankle Arthroscopy
Shoulder & Elbow Arthroscopy
Others
4.3. Global Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
Hospitals
Ambulatory Care
Trauma Centers
5. Arthroscopy Devices And Equipment Market Regional And Country Analysis
5.1. Global Arthroscopy Devices And Equipment Market, Split By Region, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
5.2. Global Arthroscopy Devices And Equipment Market, Split By Country, Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Arthroscopy Devices And Equipment Market
6.1. Asia-Pacific Arthroscopy Devices And Equipment Market Overview
6.2. Asia-Pacific Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
6.4. Asia-Pacific Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
7. China Arthroscopy Devices And Equipment Market
7.1. China Arthroscopy Devices And Equipment Market Overview
7.2. China Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
7.3. China Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
7.4. China Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F,$ Billion
8. India Arthroscopy Devices And Equipment Market
8.1. India Arthroscopy Devices And Equipment Market Overview
8.2. India Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
8.3. India Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
8.4. India Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9. Japan Arthroscopy Devices And Equipment Market
9.1. Japan Arthroscopy Devices And Equipment Market Overview
9.2. Japan Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9.3. Japan Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
9.4. Japan Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10. Australia Arthroscopy Devices And Equipment Market
10.1. Australia Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10.2. Australia Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
10.3. Australia Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11. Indonesia Arthroscopy Devices And Equipment Market
11.1. Indonesia Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11.2. Indonesia Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
11.3. Indonesia Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12. South Korea Arthroscopy Devices And Equipment Market
12.1. South Korea Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12.2. South Korea Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
12.3. South Korea Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13. Western Europe Arthroscopy Devices And Equipment Market
13.1. Western Europe Arthroscopy Devices And Equipment Market Overview
13.2. Western Europe Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13.3. Western Europe Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
13.4. Western Europe Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14. UK Arthroscopy Devices And Equipment Market
14.1. UK Arthroscopy Devices And Equipment Market Overview
14.2. UK Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14.3. UK Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
14.4. UK Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15. Germany Arthroscopy Devices And Equipment Market
15.1. Germany Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15.2. Germany Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
15.3. Germany Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16. France Arthroscopy Devices And Equipment Market
16.5. France Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16.6. France Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
16.7. France Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17. Eastern Europe Arthroscopy Devices And Equipment Market
17.1. Eastern Europe Arthroscopy Devices And Equipment Market Overview
17.2. Eastern Europe Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17.3. Eastern Europe Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
17.4. Eastern Europe Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18. Russia Arthroscopy Devices And Equipment Market
18.1. Russia Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18.2. Russia Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
18.3. Russia Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19. North America Arthroscopy Devices And Equipment Market
19.1. North America Arthroscopy Devices And Equipment Market Overview
19.2. North America Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19.3. North America Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
19.4. North America Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20. USA Arthroscopy Devices And Equipment Market
20.1. USA Arthroscopy Devices And Equipment Market Overview
20.2. USA Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20.3. USA Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
20.4. USA Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21. South America Arthroscopy Devices And Equipment Market
21.1. South America Arthroscopy Devices And Equipment Market Overview
21.2. South America Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21.3. South America Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
21.4. South America Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22. Brazil Arthroscopy Devices And Equipment Market
22.1. Brazil Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22.2. Brazil Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
22.3. Brazil Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23. Middle East Arthroscopy Devices And Equipment Market
23.1. Middle East Arthroscopy Devices And Equipment Market Overview
23.2. Middle East Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23.3. Middle East Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
23.4. Middle East Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24. Africa Arthroscopy Devices And Equipment Market
24.1. Africa Arthroscopy Devices And Equipment Market Overview
24.2. Africa Arthroscopy Devices And Equipment Market, Segmentation By Product , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24.3. Africa Arthroscopy Devices And Equipment Market, Segmentation By Application , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
24.4. Africa Arthroscopy Devices And Equipment Market, Segmentation By End User , Historic and Forecast, 2015-2019, 2022F, 2025F, 2030F, $ Billion
25. Arthroscopy Devices And Equipment Market Competitive Landscape And Company Profiles
25.1. Arthroscopy Devices And Equipment Market Competitive Landscape
25.2. Arthroscopy Devices And Equipment Market Company Profiles
25.2.1. Arthrex, Inc.
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Smith & Nephew
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. ConMed Corporation
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Stryker
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Medtronic
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Arthroscopy Devices And Equipment Market
27. Arthroscopy Devices And Equipment Market Trends And Strategies
28. Arthroscopy Devices And Equipment Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
Research Methodology
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.