The global shoulder arthroscopy market revenue was around US$ 432.5 million in 2022 and is estimated to reach US$ 712.1 million by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2023 to 2032.
Arthroscopy of the shoulder is a surgical process in which a small camera, called an arthroscope, is utilized to repair or examine tissues within or around the shoulder joint. The camera is placed into the shoulder via a small incision in the skin. The process involves the usage of different high-quality instruments and equipment which are minimally intrusive. Instruments like power shaver systems, arthroscopes, arthroscopic implants, radio frequency (RF) systems, fluid management systems, visualization systems, and others are utilized for carrying out the procedure.
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Factors Influencing Market Growth
– The growth of the shoulder arthroscopy market is majorly propelled by the rise in the incidence of sports injuries, technological improvement in arthroscopy instruments, and the surge in the aging population.
– The increase in research and development activities by market key players and the rise in technological improvement in the field of shoulder arthroscopy fuel the growth of the market.
– The rise in demand for minimally invasive surgeries and the surge in the aging population further drive the growth of the market.
– The products, surgery, and other related costs increase the overall cost of surgery. Therefore, the high cost of shoulder arthroscopy hinders the growth of the shoulder arthroscopy market.
In 2022, North America dominated the global shoulder arthroscopy market in terms of revenue because of the rising prevalence of shoulder-related conditions and injuries like osteoarthritis and rotator cuff tears. In addition, patients are seeking less invasive procedures that deliver less pain and faster recovery times, propelling the growth of the market. On the other hand, arthroscopically developed technologies like specialized tools and HD cameras, have enhanced the efficiency and accuracy of shoulder procedures. This has made surgeons more likely to utilize these methods, leading to further growth in the shoulder arthroscopy market.
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Also, Asia-Pacific is expected to be the fastest-growing segment during the forecast period. The development in this region is majorly attributed to the high prevalence of shoulder injury cases and the huge population. In addition, people are becoming conscious of the benefits of minimally invasive surgery, which is leading to more and more people and healthcare providers utilizing these techniques.
The leading prominent companies profiled in the global shoulder arthroscopy market are: –
– Arthrex, Inc.
– Stryker Corporation.
– ConMed Corporation
– GPC Medical Ltd.
– Johnson & Johnson
– Star Sports Medicine Co., Ltd.
– Osteocare Medical Pvt Ltd.
– Karl Storz GmbH & Co. KG.
– Smith & Nephew
– Zimmer Biomet
– Richard Wolf
– EndoMed Systems
– Other prominent key players
The global shoulder arthroscopy market segmentation focuses on End User, Product Type, Indication, and Region.
Segmentation based on End User
– Ambulatory Surgical Centers
Segmentation based on Product Type
– Power shaver systems
– Shoulder arthroscopic implants
– Arthroscopic systems
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Segmentation based on Indication
– Rotator cuff tears
– Shoulder instability or dislocation
– Frozen shoulder
– Shoulder impingement syndrome
Segmentation based on Region
– North America
– The U.S.
– Rest of Europe
– South Korea
– Rest Of Asia-Pacific
– Latin America
– Middle East
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
Key Questions Market Research and Analysis Report
What is the current market size, both in terms of value and volume?
What is the historical growth rate of the market, and what are the projected growth rates for the future?
Who are the major players in the market, and what is their market share?
What are the market trends and dynamics influencing the industry?
What are the key drivers of market growth?
What are the challenges and barriers faced by market participants?
What are the emerging opportunities in the market?
What is the competitive landscape of the market?
What are the consumer preferences, behaviors, and buying patterns within the market?
What is the market segmentation, and how are different market segments performing?
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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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