Global Arthroscopy Procedures and Products Market: Overview
The global arthroscopy market is slated to tread on a solid path in the coming years, finds a report by Transparency Market Research. Arthroscopy, a surgical procedure leveraged by orthopedic surgeons to diagnose and treat joint problems such as torn cartilage, ACL, etc., is minimally invasive. To conduct an arthroscopic examination, an orthopedic surgeon makes a small incision in the patient’s skin through which they insert pencil-sized instruments embedded with tiny lens and lighting system to magnify and reveal structures inside the joint. Arthroscopy finds application particularly in treating professional athletes, who suffer from joint injuries pretty. Arthroscopic procedures can be carried out on almost any joint in the human body.
The global market for arthroscopy can be segmented on the basis of procedures and products.
- For example, there are arthroscopy procedures conducted for hip, knee, shoulder, spine, ankle, wrist, and elbow. Among them, hip and knee arthroscopy are the commonest arthroscopic procedures, performed especially on professional sportsmen and the elderly. Depending upon the type of products, the market can be classified into arthroscopes, fixation devices, hand instruments, cannulae, fluid management systems, patient positioning systems, and radiofrequency probes.
- The report, prepared after extensive research, is a compilation of facts and figures related to the global arthroscopy market. Utilizing historical data and current market events and trends, the research analysts have attempted to predict the market’s future prospects. The report also brings to the fore valuable market insights derived through the use of analytical tools such as Porter’s Five Forces analysis and a SWOT analysis.
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Global Arthroscopy Procedures and Products Market: Trends and Opportunities
The unique perceived benefit of arthroscopy is its non-invasive nature. It does not require complete opening of the joint and hence recovery time for patients is significantly reduced along with the risk of infection. It costs less too compared to open surgical methods. Hence its popularity has been soaring, providing a solid boost to its market.
As per the American Academy of Orthopedic Surgeons, an estimated 4 million knee arthroscopic surgeries that helps patients to avoid knee replacements, are conducted globally. Other factors driving up demand in the market are the rising instances of musculoskeletal disorders, particularly on account of a growing geriatric population highly susceptible to osteoarthritis and arthritis. In fact, joint related disorders account for a substantial proportion of chronic diseases occurring in the geriatric population.
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