Arthroscopy Instruments Market is expected to Grow at CAGR of 6.5 % during the forecast period of 2019–2023

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Arthroscopy Instruments Market is expected to
Grow at CAGR of 6.5 during the forecast period
of 20192023
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Arthroscopy Instruments Market
Market Highlights A number of factors such as
increasing preference for minimally invasive
procedures, ongoing technological advancements,
and improving regulatory framework are fueling
the growth of the global arthroscopy instrument
market. Additionally, increasing occurrences of
sports-related musculoskeletal disorders, such as
the bone tumor, rheumatoid arthritis, and
osteoarthritis, are propelling the growth of this
market. The world health organization predicts
the prevalence of rheumatoid arthritis to be
between 0.3 and 1 and more common in women and
developed countries. Moreover, the prediction
also states that 9.6 of men and 18.0 of women
aged over 60 years have osteoarthritis. However,
the high cost of arthroscopy instruments,
reimbursement challenges in the medical device
industry, and poor healthcare system in low and
middle-income countries may hamper the growth of
the market. For instance, as per the National
Center for Health Statistics, in the United
States, an approximate 650,000 arthroscopic
lavage and debridement procedures are performed
for knee pain each year, at an average cost of
USD 5,000 each. Request For Sample Report
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Arthroscopy Instruments Market
Regional Analysis The Americas dominates the
global arthroscopy instrument market owing to the
presence of major market players, the high
adoption rate of minimally invasive devices, and
increasing incidences of joint-related diseases
boost the market growth in this region. Further,
according to the American Orthopedic Society for
Sports Medicine, in the United States, an
estimated 4 million people undergo knee
arthroscopies, whereas the number of patients
undergoing shoulder arthroscopies is 1.4 million
per annum. Furthermore, rising cases in
arthroscopic surgeries along with rising
population awareness regarding health are driving
the growth of the arthroscopy instruments
market. Europe holds the second position in the
global arthroscopy instrument market. It is
expected that the government support towards
research development expenditure and rising
prevalence bone disorders is likely to drive the
European market. According to the Arthritis
Research U.K. in 2016, around 10 million people
in the U.K. have a form of arthritis. Moreover,
it was estimated that over 86,000 hip and over
90,000 knee replacements take place every
year. Get Discount _at_ https//www.marketresearchfut
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Arthroscopy Instruments Market
Segmentation The global arthroscopy instrument
market is segmented on the basis of the product,
application, and end-user. On the basis of
product, the market is classified into
arthroscope, arthroscopic implants, fluid
management systems, visualization systems,
radiofrequency system, power shavers and others.
The arthroscopic implants are further segmented
as knee implants, hip implants, shoulder
implants, and others. The radiofrequency systems
are further segmented as RF generators, RF
probes, and wands and footswitch. On the basis of
application, the market is segmented knee
arthroscopy, hip arthroscopy, spine arthroscopy,
foot and ankle arthroscopy, shoulder arthroscopy,
and others. On the basis of end-user, the market
is segmented into hospitals, ambulatory surgical
centers, and others. Key Players Some of key the
players in the global arthroscopy instrument
market Smith Nephew (U.K.), Arthex (U.S.),
DePuy Synthes (U.S.), Stryker (U.S.), Conmed
(U.S.), Medtronic, Inc. (U.S.), Zimmer Biomet
(U.S.), B. Braun (Germany), Olympus (Japan), Karl
Storz (Germany), Richard Wolf (Germany), Medicon
(Germany), Sklar (U.S.), GPC Medical (India), and
Millennium (U.S.).
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