Global Arthroscopes Market 2018-2022
Arthroscopes are used to diagnose and treat several joint issues of the knee, shoulder, wrist, foot and ankle, and hip. Arthroscopy technique offers several advantages over open traditional surgery and fastens recovery process.
Technavio’s analysts forecast the global arthroscopes market to grow at a CAGR of 5.25% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global arthroscopes market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Arthroscopes Market 2018-2022
Technavio recognizes the following companies as the key players in the global arthroscopes market: Arthrex, KARL STORZ, Maxer Medizintechnik, Olympus, Smith & Nephew, and Stryker.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological improvements. Recent advances in the designing and manufacturing of advanced arthroscopes have led to the increased demand and adoption among the end-users. Also, most of the arthroscopy techniques require advanced technological applications for effective surgical outcome. This, in turn, is increasing the pressure on manufacturers to improve the design and incorporate innovative technological platforms in arthroscopes.”
According to the report, one driver in the market is growing incidence of orthopedic disorders. Physicians use the arthroscopes to view the joint area to detect, diagnose, and repair the joint tissues such as ligaments. These arthroscopes are well equipped with camera head, which helps the surgeon to visualize and treat the disorder precisely. Arthroscopy is an MI surgery procedure, which is used to repair ACL reconstruction, knee replacement, shoulder, ankle, elbow, and hip joints.
Further, the report states that one challenge in the market is high procedural and equipment maintenance cost. The present MI arthroscopy procedure involves the use of highly advanced arthroscopes to treat orthopedic disorders. Several diseases such as joint abnormalities are being treated with arthroscopes. However, the high procedural cost and maintenance cost would significantly affect the growth of the market.
Smith & Nephew