The global handheld arthroscopic instruments market is on track for steady expansion, with forecasts projecting a valuation of US$5.2 billion by the year 2033. This represents a significant increase from its estimated value of US$3.3 billion in 2023, with a robust Compound Annual Growth Rate (CAGR) of 4.7% anticipated during the forecast period.
Handheld arthroscopic instruments play a pivotal role in minimally invasive orthopedic procedures, allowing surgeons to visualize and treat joint-related conditions with precision and minimal tissue damage. These instruments include arthroscopes, graspers, probes, shavers, and other specialized tools essential for arthroscopic surgeries.
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The anticipated growth in the global handheld arthroscopic instruments market can be attributed to the rising prevalence of musculoskeletal disorders and sports injuries, coupled with the increasing adoption of minimally invasive surgical techniques. As patients seek less invasive treatment options with quicker recovery times, healthcare providers are increasingly turning to arthroscopic procedures, driving the demand for advanced handheld instruments.
Benefits of Arthroscopy
When compared to conventional open operations, arthroscopic techniques have various benefits. Patients who undergo minimally invasive procedures usually experience shorter recovery periods and less discomfort following surgery. As a result, many patients and surgeons prefer arthroscopy since it allows for a quicker return to regular daily activities.
The Future of Arthroscopy
The arthroscopic surgical scene is constantly changing, as seen by the growing requirement for sophisticated hand devices. We may anticipate more developments in instrument functionality and design as the market grows. This opens the door for a future in which arthroscopy plays an increasingly important role in the diagnosis and treatment of joint problems, especially when combined with the inherent advantages of minimally invasive treatments.
Market Competition:
Among the leading companies in the worldwide market for portable arthroscopic instruments are Tornier N.V., Zimmer Biomet, Arthrex, Smith & Nephew, Karl Storz, and Stryker.
Because the major players are present, the market is quite competitive. Global giants like Stryker, Karl Storz, and Smith & Nephew represent a sizeable portion of the market, while a number of regional businesses are also active in important growing areas, most notably Asia Pacific.
- In June 2022 – Stryker announced the opening of its new research and development facility, Stryker’s Global Technology Centre (SGTC), at the International Tech Park, Gurgaon. The facility is estimated to help accelerate innovation in India and globally and further support the company’s mission to improve healthcare.
- In May 2022, Karl Storz inaugurated the construction of the new production buildings Take Off (TO) 85 and 87 in Germany. With this project, the company intends to widen its manufacturing capabilities in the Tuttlingen region, paving the way for ultra-modern workplaces. The expansion project is also estimated to enhance the company’s capacity to produce arthroscopic instruments, among other product offerings.
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Handheld Arthroscopic Instruments Market by Segmentation:
By Product Type:
- Knives
- Graspers
- Scissors
- Others
By Application:
- For Knee Surgery
- For Shoulder Surgery
- For Hip Surgery
- For Others
By End User:
- For Hospitals
- For Ambulatory surgical centers (ASCs)
- For Specialty Clinics
By Region:
-
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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