Global arthroscopy market is anticipated to reach USD 6.34 billion by 2024, according to a new report by Grand View Research, Inc. Increasing geriatric population base and rising obesity levels are the major factors driving the growth.
Rising medical tourism, cost efficiency and faster recovery rate are some of the factors resulting in increased adoption. As a result, demand for arthroscopy is increasing, since it’s used in the diagnosis of joint conditions. In addition, constant decline in the price coupled with reimbursement coverage is spurring the adoption of arthroscopy in the treatment of injuries.
For PDF sample Copy or More Details please visit link @: http://www.grandviewresearch.com/industry-analysis/arthroscopy-market
Presently, the sector is fragmented in nature with presence of many players competing with each other. The key players are implementing mergers and acquisition strategies to strengthen their position by the expansion of customer base and reduce the number of competing players.
Further key findings from the study suggest:
• Arthroscopic implant segment dominated globally and is estimated to remain dominant throughout the forecast period. Increasing adoption of implants for diagnosis is mainly driving the growth of the segment.
• The arthroscopic visualization systems are anticipated to witness strong demand during the forecast period due to their ability to provide clear high definition resolution of internal organs.
• The demand for Fluid Management Systems is going to increase considerably during the forecast period with new products entering the sector especially in emerging countries such as Brazil, Mexico and South Africa.
• The key players have faced challenges due to severe pricing pressures and stringent regulatory guidelines. The existing companies are finding it difficult to garner strong revenues.
• Rising demand for minimally surgeries is also supporting the revenue growth since arthroscopy supports the same.
• China, India, Brazil and South Africa are anticipated to register significant growth over the forecast period owing to rising patient awareness related to arthroscopy, presence of largest pool of geriatric population prone to injuries and the surging prevalence of chronic diseases such as osteoarthritis, bone tumor and rheumatoid arthritis.
• Lenient regulatory approval procedures in Asia Pacific are offering easy entry of the new products in the region.
• Some of the key players operating at the global level include but are not limited to ConMed Corporation, Arthrex Inc, Stryker Corporation, Olympus Corporation, Smith & Nephew plc, DePuy Synthes and Zimmer Biomet.
• North America dominated the global scenario with regional share of over 40.0% in 2015. Technological advancements, such as introduction of advanced visualization systems, primarily led to highest revenue generation in the region. Visualization systems help in minimally invasive surgery by providing 3D image of the joint.
• In addition, favorable reimbursement structure, presence of large target patient population and well defined regulatory framework are few factors that are positively affecting the market.
To request research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/arthroscopy-market/request/rs1
Grand View Research has segmented the Arthroscopy market on the basis of product, application, and region:
Arthroscopy Market, by Product
• Powered Shave Systems
• Visualization Systems
• Fluid Management Systems
• Ablation Systems
• Arthroscopes
• Arthroscope Implants
• Accessories and Disposables
Arthroscopy Market, by Application
• Hip
• Knee
• Shoulder
• Foot & Ankle
• Hand & Wrist
• Elbow
• Sports Medicines
Arthroscopy Market, by Region
• North America
o U.S.Arthroscopy Market, by Product
o U.S.Arthroscopy Market, by Application
o Canada Arthroscopy Market, by Product
o Canada.Arthroscopy Market, by Application
• Europe
o Germany Arthroscopy Market, by Product
o U.K.Arthroscopy Market, by Product
• Asia Pacific
o China Arthroscopy Market, by Product
o Japan Arthroscopy Market, by Product
• Latin America
o Brazil Arthroscopy Market, By Product
o Mexico Arthroscopy Market, By Product
o Rest of Latin America Arthroscopy Market, By Product
• MEA
o South Africa Arthroscopy Market, By Product
o Middle East Arthroscopy Market, By Product
For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/3087/ibb
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.