Arthroscopy Devices Market to Garner $41.9 Bn, Globally, by 2030 at 8.5% CAGR: Allied Market Research
Rise in demand for minimal invasive procedures, rapidly aging global population, surge in the number of sports-related injuries, and minimal postoperative complications drive the growth of the global arthroscopy devices market.
PORTLAND, Ore., April 18, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Arthroscopy Devices Market by Type (Arthroscopes, Arthroscopic Implants, Fluid management systems, Radiofrequency systems, Visualization systems, Powered Shavers, Others), by Application (Knee Arthroscopy, Hip arthroscopy, Shoulder and elbow arthroscopy, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030." As per the report, the global arthroscopy devices industry was accounted for $18.0 billion in 2020, and is expected to reach $41.9 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030.
Download Sample Report- https://www.alliedmarketresearch.com/request-sample/426
Drivers, restraints, and opportunities-
Rise in demand for minimal invasive procedures, rapidly aging global population, surge in the number of sports-related injuries, shorter recovery time, and minimal postoperative complications drive the growth of the global arthroscopy devices market. On the other hand, high cost of arthroscopic devices & implants impedes the growth to some extent. However, upsurge in the obesity rate among people is expected to create lucrative opportunities in the industry.
Impact of Covid-19 on Arthroscopy Devices Market-
- Lockdown in several countries across the world gave way to distorted supply chain and slanted manufacturing activities, which in turn, impacted the global arthroscopy devices market negatively, especially during the initial period.
- However, the market has already started recovering and is expected to get back on track soon.
Get detailed COVID-19 impact analysis on the Arthroscopy Devices Market- https://www.alliedmarketresearch.com/request-for-customization/426?reqfor=covid
The arthroscopes segment held the lion's share-
Based on type, the arthroscopes segment held the major share in 2020, generating around two-fifths of the global arthroscopy devices market. This is due to rise in demand for minimal invasive procedures across the world. The visualization systems segment, on the other hand, is projected to cite the fastest CAGR of 10.4% during the forecast period. This is owing to advancements in visualization technology.
The knee arthroscopy segment held the highest share in 2020-
Based on application, the knee arthoscopy segment held the highest share in 2020, generating nearly half of the global arthroscopy devices industry. Rise in geriatric population boosts the segment growth. The shoulder and elbow arthroscopy segment, however, would cite the fastest CAGR of 10.1% from 2021 to 2030. This is attributed to surge in sports related injuries across the world.
North America, held the major share-
Based on region, the market across North America accounted for the major share in 2020, contributing to more than two-fifths of the global arthroscopy devices market, owing to advanced health care facilities across North America. The Asia-Pacific region, simultaneously, is expected to cite the fastest CAGR of 10.3% throughout the forecast period. Increase in demand for healthcare facilities fueled by rapid growth of population propels the market growth.
For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/426
Prominent market players-
- Johnson & Johnson
- Zimmer Biomet Holdings, Inc.
- Medtronic plc
- Richard Wolf GmbH
- Smith & Nephew plc
- Conmed Corporation
- Henke Sass Wolf GmbH
- Arthrex, Inc.
- Karl storz GmbH & Co. KG
- Stryker Corporation
Official Press Release- https://www.alliedmarketresearch.com/press-release/arthroscopy-devices-market.html
Similar Research Reports for Information, Communication and Technology:
Medical Tourism Market- Global Opportunity Analysis and Industry Forecast, 2021–2030
3D Cell Culture Market- Global Opportunity Analysis and Industry Forecast, 2021–2030
Neurovascular Devices Market- Global Opportunity Analysis and Industry Forecast, 2021–2030
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
Share this article