The global arthroscopic instruments market is projected to achieve a valuation of USD 3.3 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% over the next decade. According to industry forecasts, the market is anticipated to reach USD 5.2 billion by 2033.
The growth of the arthroscopic instruments market is driven by the rising demand for specialized hand instruments used in arthroscopy. These instruments, primarily metallic and non-disposable, are essential for the treatment, visualization, and diagnosis of joint-related problems. They come in various configurations to accommodate different surgeon preferences and specific surgical requirements.
From 2018 to 2022, the market demonstrated a CAGR of 3%, reflecting steady growth in the adoption of these critical tools. As the need for precise and effective arthroscopic procedures increases, so does the demand for high-quality instruments that support successful outcomes and enhance surgical precision.
Arthroscopic instruments are sold as complete packages tailored to specific indications, providing healthcare professionals with the tools necessary for effective joint care. This specialization and customization contribute to the growing market, as more healthcare providers seek advanced solutions for arthroscopic procedures.
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The market for handheld arthroscopic equipment is expected to rise due to the increasing incidence of sports injuries and musculoskeletal problems, as well as the growing use of minimally invasive surgical methods. The demand for cutting-edge handheld devices is being driven by healthcare professionals’ increased use of arthroscopy operations in response to patients’ desire for less intrusive treatment choices with faster recovery times.
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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