A latest research report titled as “Arthroscopy Procedures and Products Market: Global Industry Analysis and Opportunity Assessment, 2015 - 2023” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.
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Arthroscopy is a minimally invasive procedure for visualisation, diagnosis and treatment of joint problems. During the arthroscopy procedure, surgeons inserts an arthroscope, which is a fibre-optic video camera, through a keyhole size incision. It allows arthroscopists to view inside the joint through a high-definition video monitor and determine the amount or type of injury, and further perform arthroscopy without the need of a large incision. Arthroscopy, a minimally invasive key-hole surgery performed on joints, results in higher success rates with less trauma and involves less scarring.
Market Value and Forecast
In 2015, the arthroscopy procedures and products market was valued at US$ 4,488.3 Mn and its revenue is expected to expand at a CAGR of 5.7% over 2015–2023.
Market Dynamics
Increasing application in sports medicine, demographic trends, increasing prevalence of osteoarthritis and ease in FDA clearance are the factors driving growth of the global arthroscopy procedures and products market currently. Ease of recovery and success rate, while minimising recovery time and trauma, is a special feature of arthroscopy procedures, which is also a major driving factor for the market. Risk of edema due to irrigation fluids and increasing pricing pressures are anticipated to hamper market growth during the forecast period.
Market Segmentation, by Product Type
By product type, the global arthroscopy procedures and products market is segmented into arthroscopes and visualization systems, arthroscopic resection systems, arthroscopic fluid management systems, arthroscopic implants, arthroscopy radiofrequency (RF) systems, arthroscopic drills and fixation systems and other arthroscopy instruments and accessories. The arthroscopic implants segment is further sub-segmented into knee implants, shoulder implants, hip implants and other implants. The arthroscopic implants product type segment accounts for highest revenue share of the arthroscopy procedures and products market currently, and is expected to remain the leading segment in terms of value during the forecast period. Increase in clinical evidences related to the safety, efficacy and economic benefits of arthroscopic implants in younger patients is expected to boost growth of arthroscopic implants segment over the forecast period.
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