Arthroscopy Devices Market Size, Global Industry Analysis, Assessment and Forecast by 2025

Arthroscopy Devices Market Overview:

Arthroscopy is a common surgical procedure in which a joint (arthro) is viewed (scopy) through a small camera. Arthroscopy gives surgeons a clear view of the joint which helps them diagnose the problem. Arthroscopy is performed on different joints such as the knee, wrist, hip, shoulder, and other joints in the human body. Knee arthroscopy is usually performed to address issues such as repair or removal of torn meniscal cartilage, trimming or torn pieces of articular cartilage, reconstruction of torn anterior cartilage ligament, removal of inflamed synovial tissue and removal of loose fragments of bone or cartilage. The procedure is performed through small incisions. The orthopedic surgeon inserts an arthroscope which is a camera based device about the size of a pencil, into the knee joint. The arthroscope sends the image back to a television monitor where the surgeon can see the structure of the knee joint in detail. The surgeon then repairs or removes damaged tissues through small incisions using other surgical instruments such as scissors, lasers or motorized shavers.

Wrist arthroscopy is performed to address common wrist related issues such as ligament tear and triangular fibrocartilage complex (TFFC) damage. The ligaments between the bones and the wrist can sometimes tear. This usually occurs between the scaphoid and lunate bones or the lunate and the triquetrum bones. These tears can result in pain and swelling leading to a loose grip. The bones may pull apart and limit motion in case of a full tear.  Hip joints are highly flexible which allow our legs to move freely. A problem related to the hip joint may cause pain and restricted movement of the legs. Hip arthroscopy is performed to restore the normal structure of the hip joint.

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The global arthroscopy devices market is driven by key factors such as the increasing prevalence of geriatric population, rise in incidence of sports related injuries, and rise in demand for minimally invasive surgical procedures. Increase in prevalence of musculoskeletal disorders such as rheumatoid arthritis and osteoarthritis will also significantly contribute to the growth of global arthroscopy devices market. However, factors such as stringent regulatory policies for approval of arthroscopy devices and risk of complications such as instrument failure, infection or excess bleeding in certain cases can hinder the growth of the arthroscopy devices market.

Technological advancements in designing and developing next generation arthroscopic devices and procedures will further spearhead the market evolution and growth over coming years. Advanced anterior cruciate ligament (ACL) reconstruction surgeries related to sports injuries are increasingly becoming minimally invasive in nature, which significantly reduces the swelling, pain and recovery time of surgery.

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The major players in the arthroscopy devices market focus on product development facilitated by technological advancements to gain competitive advantage over other players. Some of the key players operating in the global arthroscopy devices market are Smith & Nephew Plc., Stryker Corporation, Cortek Endoscopy Inc., CONMED Corporation, Medtronic Plc., Aesculap, Inc., Olympus Corporation, Surgical Innovations, and Arthrex, Inc.

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