The global arthroscopy instruments market is estimated to be valued at USD 4.17 Billion in 2017 and is projected to reach USD 5.61 Billion by 2022, at a CAGR of 6.1% from 2017 to 2022. The factors driving the growth of this market are the growing aging population, sports and trauma injuries, advanced products and established reimbursement policies in developed nations. In addition, the increasing preference for minimally invasive procedures, favorable initiatives by governments and healthcare providers, and technological advancements are expected to support the growth of the arthroscopy instruments market during the forecast period.
Analysis of the market developments between 2015 and 2017 revealed that several growth strategies such as product launches and product enhancement, strategic acquisitions, agreements, contracts, and market expansions were adopted by the market players to strengthen their product portfolios and maintain their positions in the arthroscopy instruments market. Among these business strategies, product development was the most widely adopted.
Arthrex (US) held the leading position with a share of 29.3% in the global arthroscopy instruments market in 2016. Arthrex is a pioneer in the field of arthroscopy & sports medicine. The company has developed more than 11,000 innovative products and surgical procedures to advance minimally invasive orthopedic treatments worldwide. Its focus on R&D activities and strong patent portfolio gives the company a competitive advantage over other players in the market. The company is also focused on expansion to strengthen its market position. In line with its strategy, in 2017 company announced the expansion plan for its global headquarters in Florida and its manufacturing facility in South Carolina.
Smith & Nephew (UK) held the second position with a share of 24.7% in the global arthroscopy instruments market in 2016. Its strong geographic presence, recent acquisitions of smaller arthroscopy market players, expansions, and presence in all major arthroscopic subsegments has helped the company maintain its leading market position. The company is a key player in the US market, from where it generated about 48% of its revenue in 2016. In 2017, the company acquired Rotation Medical Inc. for around USD 125 million. Rotation Medical is a developer of a novel tissue regeneration technology which enhances the body’s natural healing response and is used (mainly) for shoulder rotator cuff repair. Such acquisitions have enhanced the company’s product portfolio and consumer base.
Arthroscopy Instruments Market by Type (Implants, Arthroscope, Visualization System, Surgical Shaver, RF Ablation, Fluid Management), Application (Knee, Hip, Shoulder), End User (Hospitals, Ambulatory Surgery Centers & Clinics) - Global Forecast to 2022
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE