North America Arthroscopy Devices Market - Growth, Trends, and Forecasts (2022 - 2027)

The North America Arthroscopy Devices market is Segmented by Application (Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Shoulder and Elbow Arthroscopy and Other Arthroscopy Devices), Product, and Geography

Market Snapshot

Market Snapshot1
Study Period: 2017-2025
Base Year: 2021
CAGR: 5.5 %

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Market Overview

The North America Arthroscopy Devices market is expected to register a CAGR of nearly 5.5% during the forecast period. The major factors driving the growth of the market include increasing incidences of sports injuries, a rising geriatric population, and technological advancements in arthroscopic implants.

According to the Centers for Disease Control and Prevention (CDC), with the aging of the United States population, the prevalence of doctor-diagnosed arthritis in United states has been increasing. For instance, by the year 2040, it is estimated that about 78.4 million adults aged 18 years and older will have doctor-diagnosed arthritis, compared with the 54.4 million adults in 2013–2015. Moreover, by 2040, an estimated 34.6 million adults (43.2% of adults with arthritis or 11.4% of all United States adults) will report arthritis-attributable activity limitations.

In addition, as per StatCan (Canadian Community Health Survey), in 2019, around 6 million Canadians were diagnosed with arthritis which was increased from 5 million in 2018. Thus, the growing geriatric population along with rising cases of arthritis population is expected to boost the market growth in the coming years.

Scope of the report

As per the scope of the report, arthroscopy devices are used to examine the bone joints for specific conditions, such as osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumor. The increase in the prevalence of musculoskeletal disorders, due to the rapidly aging population, is the prime factor driving the demand for arthroscopy procedures. The North America Arthroscopy Devices market is segmented by application, product, and geography.

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Key Market Trends

Knee Arthroscopy is Expected to Hold Significant Market Share in the Application Segment

Among the elderly population the prevalence of degenerative knee disease is increasing in this region and also the demand for knee arthroscopy is rising due to the increasing prevalence of sports injuries, particularly those acquired in contact sports.

Arthroscopic knee surgery for degenerative knee disease is the most common orthopedic procedure in the United States. As per the National Safety Council Fact Sheet, in 2017, in the United States, about 500,000 injuries were caused due to Basketball. In addition, according to the Canadian Institute for Health Information (CIHI), during 2018-2019 in Canada, more than 74,888 patients underwent knee replacement surgery. Thus, rising cases of sports injuries is expected to drive market growth in the near future.

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Competitive Landscape

The arthroscopy devices market is moderately competitive. Companies, like Arthrex Inc., Conmed Corporation, Johnson & Johnson (DePuy Synthes), Karl Storz GmbH & Co. KG, Medtronic PLC, Richard Wolf GmbH, Smith & Nephew PLC, and Stryker Corporation, among others, hold a substantial share in the market studied.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidences of Sports Injuries

      2. 4.2.2 Rising Geriatric Population

      3. 4.2.3 Technological Advancements in Arthroscopic Implants

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Surgeons

      2. 4.3.2 Stringent Regulatory Requirements

      3. 4.3.3 High Cost of Arthroscopy Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Knee Arthroscopy

      2. 5.1.2 Hip Arthroscopy

      3. 5.1.3 Spine Arthroscopy

      4. 5.1.4 Shoulder and Elbow Arthroscopy

      5. 5.1.5 Other Arthroscopy Applications

    2. 5.2 By Product

      1. 5.2.1 Arthroscope

      2. 5.2.2 Arthroscopic Implant

      3. 5.2.3 Fluid Management System

      4. 5.2.4 Radiofrequency (RF) System

      5. 5.2.5 Visualization System

      6. 5.2.6 Other Products

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Arthrex Inc.

      2. 6.1.2 Conmed Corporation

      3. 6.1.3 Johnson & Johnson

      4. 6.1.4 Stryker Corporation

      5. 6.1.5 Medtronic PLC

      6. 6.1.6 Karl Storz GmbH & Co. KG

      7. 6.1.7 Richard Wolf GmbH

      8. 6.1.8 Smith & Nephew PLC

      9. 6.1.9 Zimmer Biomet Holdings Inc

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The North America Arthroscopy Devices Market market is studied from 2017 - 2025.

The North America Arthroscopy Devices Market is growing at a CAGR of 5.5% over the next 5 years.

Stryker Corporation, Arthrex Inc., Conmed Corporation, Medtronic PLC, Johnson & Johnson (DePuy Synthes Inc.) are the major companies operating in North America Arthroscopy Devices Market.

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