The global arthroscopy product market is anticipated to witness lucrative growth over the forecast period. The arthroscopy procedures and products are gaining momentum owning to increased geriatric and obese patient base. Key driver for the market growth is rising occurrence of injuries and orthopedic dislocation. .Presence of orthopedic conditions such as benign lesions, carpal tunnel syndrome, herniated disc, osteochondroma and others are further anticipated to fuel the growth of arthroscopy market. Other vital drivers are the technological advancements in manufacturing process and materials and increased popularity for arthroscopic surgery. Benefits perceived for arthroscopic surgery are cost effectiveness, quicker healing, minimal invasion and post operative complications.
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Arthroscopes held the largest share in arthroscopy product market due to growing number of diagnosis and procedures taking place each year. Improvement in the designing and camera systems of the arthroscopes is further expected to fuel the market. Arthroscopy implants are the fastest growing segment due to better and bioresorbable material utilization, reducing risk and post operative trauma. The knee and shoulder procedures comprise the largest segments due to increased occurrence of knee joint dislocations and disorders such as osteoarthritis and rheumatoid arthritis.
North America is the largest market contributing highest revenue by arthroscopes. Dominance is due to the direct influence of the escalating geriatric population and broader age span of Americans leading more active and outdoor lifestyles. European market is anticipated to expand modestly owning to popularity of arthroscopic surgery over open surgery. Constraints such as the European debt crisis would limit the overall purchasing power of patients and hospitals. The APAC region is expected to be a lucrative market during the forecast period due to higher investments in the flourishing economies of India and China. Growing healthcare tourism due to low cost, reimbursement policies and lower taxation on the medical instruments are other vital drivers augmenting the growth of this region.
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