The arthroscopy visualization systems market is expected to grow from US$ 453.8 million in 2022 to US$ 902.5 million by 2032, at a CAGR of 7.1%. The market is driven by factors such as the increasing prevalence of musculoskeletal disorders, the rising demand for minimally invasive surgeries, and the technological advancements in arthroscopy visualization systems.
Arthroscopy visualization systems are used to provide surgeons with a high-definition view of the inside of a joint, allowing them to perform minimally invasive surgery. The systems consist of a camera, a light source, and a monitor. The camera is inserted into the joint through a small incision, and the images are displayed on the monitor.
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Arthroscopes are tiny fiber-optic scopes that make it possible to see into joints such the elbow, knee, shoulder, wrist, hip, and ankle. The minimally invasive surgical techniques employ the arthroscopic system.
A minimally invasive procedure called arthroscopy is used to diagnose and treat joint issues. It enables an operation to be performed without a significant incision being made to examine the joint. During arthroscopy, physicians can even perform joint damage repair using surgical instruments as thin as pencils that are placed through incredibly small incisions.
Key takeaways from the market study:
- The visualization systems segment is the leading segment in the market, accounting for over 70% of the market share in 2022.
- The knee, shoulder, and hip are the major applications of arthroscopy visualization systems.
- Hospitals are the largest end-users of arthroscopy visualization systems.
- North America is the largest market for arthroscopy visualization systems, followed by Europe and Asia Pacific.
The key factors driving the growth of the arthroscopy visualization systems market include:
- Increasing prevalence of musculoskeletal disorders: The rising incidence of musculoskeletal disorders, such as osteoarthritis, rheumatoid arthritis, and sports injuries, is fueling the demand for arthroscopy procedures.
- Rising demand for minimally invasive surgeries: Arthroscopy is a minimally invasive surgery, which offers several advantages over traditional open surgeries, such as shorter hospital stay, less pain, and faster recovery time. This is driving the demand for arthroscopy visualization systems.
- Technological advancements: Technological advancements in arthroscopy visualization systems, such as the development of high-definition cameras, 3D visualization systems, and augmented reality (AR) systems, are making arthroscopy procedures more accurate and efficient. This is also boosting the demand for arthroscopy visualization systems.
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Key Companies Profiled:
- Arthrex, Inc.
- Stryker Corporation
- Smith & Nephew Plc.
- CONMED Corporation
- KARL STORZ GmbH & Co. KG
- Olympus Corporation
- Richard Wolf GmbH
- Johnson & Johnson
Key Market Segments Covered In The Arthroscopy Visualization Systems Industry Research:
By Product:
- Arthroscopes
- Visualization Systems
- Consumables & Accessories
By Application:
- Knee Arthroscopy
- Hip Arthroscopy
- Shoulder Arthroscopy
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic Clinics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa (MEA)
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