Arthroscopy Devices Market Rises to Meet Increasing Sports Injury Needs; to Reach US$5.1 bn by 2019
Arthroscopy involves the study and treatment of the internal joint structure of a patient. To achieve this, arthroscopy devices that can create images of the joint or help a doctor gain visual access to the joint using other imaging equipment or endoscopes are used. Most of the times, the global arthroscopy devices market provides solutions that are minimally invasive but are still detailed in explaining what the doctor should do next. In the case of joint injuries, the global arthroscopy devices market can provide ample support to such patients. The list of injuries that can be treated using arthroscopy devices include rheumatoid arthritis, osteoarthritis, cartilage tears, and ligament tears.
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According to the report, the prime drivers of the global arthroscopy devices market are the increasing number of sports-related injuries and the growing percentage of the geriatric demographic. The latter poses a major requirement for arthroscopy devices owing to the increasing cases of arthritis.
The global arthroscopy devices market, however, is expected to face the challenges created by increasingly stringent government regulations pertaining to the arthroscopy devices approval process. The market also constantly faces issues linked to medical complications that patients might suffer from after the surgeries.
The report analyzes the global arthroscopy devices market according to the type of devices.
According to this, the market is divided into multiple segments including arthroscopes, arthroscopy shavers, arthroscopy implants, radio frequency systems, and visualization systems. Of these, arthroscopic implants dominated the market in 2012. This segment had globally reached a value of US$2 bn. At the same time, the segment of visualization systems is expected to show the fastest growth rate in the given forecast period. It is expected to expand at a compounded annual growth rate of more than 9% within the forecast period.
The report’s geographic representation of the global arthroscopy devices market is performed using the major regions of North America, Europe, Asia Pacific, and the Rest of the World. Of these, the market was dominated by North America in 2012. At the same time, the fastest growth rate in the market is being registered by Asia Pacific.
The key players in the global arthroscopy devices market are Smith & Nephew, Stryker Corp., DePuy Synthes Inc., Arthrocare Corp., Conmed Corp., and Arthrex, Inc.
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