Market Trends of Europe Arthroscopy Devices Industry
This section covers the major market trends shaping the Europe Arthroscopy Devices Market according to our research experts:
Knee Arthroscopy is Expected to Witness a Significant Growth Over the Forecast Period.
- Knee arthroscopy is expected to witness significant growth over the forecast period due to an increase in the geriatric population, technological development in Europe, and degenerative knee disease is largely increasing in prevalence. For instance, Euro Stats 2022 factsheet reported that the region is marked by the presence of a high number of geriatric individuals and about 129.8 million people will be aged 65 and above by 2050. Thus, a high geriatric population is expected to increase the demand for arthroscopic surgery, thereby driving the studied market.
- Arthroscopic knee surgery for degenerative knee disease is the most common orthopedic procedure in European countries. The demand for knee arthroscopy is increasing in the region due to the growing prevalence of sports injuries, particularly those acquired through contact sports. For instance, an article published in the journal Sports Medicine, in January 2022, carried out a retrospective study of 7,809 athletes from Germany, Switzerland, and Austria who were competing in competitive or recreational levels of sports. For them, the knee and shoulder were more common injury areas, with a prevalence of 28% and 14%, respectively. Thus, high knee injuries in sports may increase the demand for knee implantology surgery.
- The companies are advancing their technology on absorbable polymers, such as the development of calcium polymer composite materials for making these implants. For instance, in September 2022, Image Navigation Ltd launched its second-generation Image Guided Implantology (IGI) system during the European Association for Osseointegration (EAO) Congress in Geneva.
- Similarly, in May 2022, European Research and Innovation magazine reported the new technology of using spinning silk in the next generation of eye and knee implants. The silk protein implant provides a scaffold for bone and connective tissue to grow on so that even slow-repairing cartilage begins to regenerate. Currently, the study is under clinical trial. Such technological advancements are expected to offer unprecedented growth opportunities for segment expansion over the forecast period.
- Thus, due to the increase in the geriatric population, technological development in Europe, and degenerative knee disease largely increasing in prevalence, the segment is expected to witness significant growth over the forecast period.
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Germany is Expected to Dominate the Market Over the Forecast Period.
- Germany is expected to dominate the market over the forecast period due to the increasing geriatric population and the presence of technological advancements. Moreover, the rising number of medical centers and growing investment in the development of sports injury surgeries are anticipated to result in rapid product adoption throughout the country.
- Key players dealing in the German market have built a vast product portfolio and created their presence in all major European countries. For instance, in June 2022, NGMedical GmbH, a medical device manufacturer exclusively focused on creating innovative technologies for spinal applications, launched its new product, the ART fixation system, in Europe.
- Also, the report published by the German Knee Society in January 2022, reported that between May 2020 to April 2021, more than 13,000 knee surgical procedures were performed and the majority of them were among the geriatric population of the country. Thus, a high number of knee surgeries is contributing to the market growth in the country.
- Furthermore, the research and clinical studies are also fueling the growth of the market in the country. For instance, an article published in the journal Knee Surgery Sports Traumatology Arthroscopy, in May 2021, reported that the arthroscopic popliteus bypass (PB) graft technique provided good-to-excellent clinical results in the mid-term follow-up in patients with posterolateral rotational instability (PLRI) and a concomitant posterior cruciate ligament (PCL) injury of the knee.
- Thus, due to the increasing geriatric population, the presence of technological advancements, the rising number of medical centers, and growing investment in the development of sports injury surgeries, the region is expected to show significant growth over the forecast period.
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