According to FutureWise analysis the market for arthroscopy devices in 2023 is US$ 23.13 billion, and is expected to reach US$ 45.15 billion by 2031 at a CAGR of 8.70%.
An arthroscope is a medical equipment that allows doctors to see bodily joints such as the knee, hip, spine, shoulder, and elbow to inspect, diagnose, and perform therapeutic procedures. Arthroscopy devices can look for illnesses like osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumors in the joints. Because of the older population, the prevalence of musculoskeletal illnesses such as osteoarthritis and rheumatoid arthritis boosts the demand for arthroscopy procedures. Furthermore, the rise in the number of sports injuries necessitating arthroscopic surgery to avoid total joint replacements is propelling the arthroscopy devices market forward. Furthermore, arthroscopic implants now hold the majority of the worldwide arthroscopy devices market share and are projected to do so for the foreseeable future. This is due to a variety of implant applications with improved designs, such as smart and tailored implants to treat various ailments, and a surge in implant usage in arthroscopic treatments for injured joints. Furthermore, the use of arthroscopy devices has increased as the frequency of sports-related injuries has increased as the number of sports tournaments has increased. Furthermore, the need for intrusive therapies is increasing. Furthermore, technological improvements have allowed arthroscopy devices to be used for a wide range of bone and joint disorders, resulting in a significant arthroscopy devices market opportunity.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Arthroscopy Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Arthroscopy Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.