Name: Arthroscopy Procedures And Products MarketChallenges and Opportunities
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy

Arthroscopy Procedures and Products Market, By Product Type (Arthroscopes and Visualization Systems, Arthroscopic Resection Systems, Arthroscopic Fluid Management Systems, Arthroscopic Implants, Arthroscopy Radiofrequency (RF) Systems, Arthroscopic Drills and Fixation Systems, Other Arthroscopy Instruments and Accessories), By Procedures (Shoulder Arthroscopy, Hip Arthroscopy, Knee Arthroscopy, Elbow Arthroscopy, Small Joints Arthroscopy, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Dec 2019

Code : CMI3137

Pages :200

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Arthroscopy Procedures and Products Market: Drivers

Increasing adoption of minimally-invasive procedures is expected to boost growth of the global arthroscopy procedures and products market over the forecast period. For instance, according to Coherent Market Insights’ analysis, the global minimally invasive surgery devices market is expected to surpass US$ 30 Bn by 2018. Arthroscopy offers easy recovery and high success rate while minimizing recovery time and trauma.

Increasing number of sports-related accidents and injuries is also expected to boost growth of the market. For instance, according to the National High School Sports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases of sport-related were recorded in high schools in the U.S. Anterior cruciate ligament (ACL) injury is a major injury in professional sports that can be treated by arthroscopy.

Global Arthroscopy Procedures and Products Market: Restraints

However, shoulder arthroscopy procedure is prone to airway complications due to extravasation of irrigating fluids and extensive swelling across the chest, shoulder, face, and neck, and sometimes extending to the oral cavity. This is expected to hinder adoption of arthroscopy procedures.

Moreover, high cost of arthroscopy procedures and products is also expected to hamper growth of the global arthroscopy procedures and products market. The national average cost for arthroscopic knee surgery at inpatient facilities is US$ 21,990, while the same procedure at outpatient facilities averaged US$ 12,550.

Global Arthroscopy Procedures and Products Market: Market Opportunities

Pricing pressures and changing healthcare environment in the U.S. has prompted suppliers to reduce prices. This in turn has resulted in reduced profit margins. Therefore, players in the market can focus on adopting M&A strategies to expand their presence in emerging markets of Asia Pacific, Middle East and Africa, and Latin America.

Increasing growth in the sports medicine sector is expected to offer lucrative growth opportunities the market players. For instance, Andrews Sports Medicine & Orthopedic Center will start a clinic in Cullman, Alabama in January 2020.