Arthroscopy Devices Market

Arthroscopy Devices Market by Product Type (Arthroscopes, Arthroscopic Radiofrequency Systems, Fluid Management Systems, Arthroscopic Implants, and Others), Application (Knee Arthroscopy, Hip Arthroscopy, Shoulder Arthroscopy, Ankle Arthroscopy, and Others), End-User (Hospitals, Orthopedic Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a respectable CAGR forecast till 2030 owing to the increasing instances of bone related-disorders and the growing number of sports-related injuries across the globe

The Arthroscopy devices market was valued at USD 8.82 billion in 2023, growing at a CAGR of 5.04% during the forecast period from 2024 to 2030 to reach USD 11.83 billion by 2030. The arthroscopy devices market is growing significantly due to the increasing prevalence of bone-related disorders such as osteoarthritis & rheumatoid arthritis, sports-related injuries, and osteoporotic hip fractures that are acting as major factors in escalating the demand for arthroscopy devices during the forecast period from 2024 to 2030.

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Arthroscopy Devices Market Dynamics

According to the World Health Organization (2023), 344 million individuals were affected by osteoarthritis globally. Among this population, 73% of people living with osteoarthritis are older than 55 years, and 60% are female. Osteoarthritis is a degenerative joint disease characterized by the breakdown of cartilage in the knee joint, leading to pain, stiffness, and reduced range of motion. As per the same source, 13 million people were living with rheumatoid arthritis. This causes the joint lining to become inflamed and eroded, leading to progressive destruction of the cartilage and bone. Arthroscopy devices are used to diagnose and treat joint issues in osteoarthritis and rheumatoid arthritis. In osteoarthritis, these devices help visualize the joint through a small camera and address issues such as cartilage damage and debris. For rheumatoid arthritis, arthroscopy enables surgeons to examine the joint and perform procedures such as synovectomy, where inflamed synovial tissue is removed to reduce pain and prevent further joint damage.

According to the National Safety Council (2024), it stated that in 2023, emergency departments treated 3.7 million people for injuries related to sports and recreational equipment. The activities that most often led to these injuries were exercise, cycling, and basketball. Furthermore, it stated that injuries from exercise and exercise equipment went up by 8% in 2023, with 482,886 injuries compared to 445,642 in 2022. The highest injury rate was among 15 to 24-year-olds. Arthroscopy devices use a small camera to view and treat joint issues through tiny incisions, making the procedure minimally invasive. This is particularly effective for repairing damaged cartilage or ligaments and allows for a quicker recovery compared to traditional surgery.

According to the International Osteoporosis Foundation 2021 data, more than about 50% of all osteoporotic hip fractures will occur in Asia by the year 2050. Moreover, as per data from the National Institute of Health (2023), it is projected that the global incidence of hip fractures will rise from 7 to 21 million by 2050. Arthroscopy devices aid in treating hip fractures by offering a minimally invasive approach. These devices allow the visualization of the internal structures of the hip joint through small incisions, using a camera and specialized instruments. This helps in accurately assessing the extent of the fracture and in performing repairs with precision, reducing the need for larger surgical openings.

Therefore, the factors stated above collectively will drive the overall arthroscopy devices market during the forecast period from 2024 to 2030.

However, nerve and blood vessel injury, bleeding, and stiffness associated with the procedure among others may limit their end-user base, thus acting as key constraints limiting the growth of the arthroscopy devices.

Arthroscopy Devices Market Segment Analysis

Arthroscopy Devices Market by Product Type (Arthroscopes, Arthroscopic Radiofrequency Systems, Fluid Management Systems, Arthroscopic Implants, and Others), Application (Knee Arthroscopy, Hip Arthroscopy, Shoulder Arthroscopy, Ankle Arthroscopy, and Others), End-User (Hospitals, Orthopedic Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

In the product type segment of arthroscopy devices, the arthroscopes category is expected to have a significant revenue share in the year 2023. The rapid growth of this product category can be attributed to the features associated with this category.

Arthroscopy devices offer a range of advanced features that enhance their utility in orthopedic surgery. They are equipped with high-definition imaging capabilities, leveraging fiber-optic technology to deliver clear, real-time visuals of the joint interior. Their compact and small-diameter design allows for minimally invasive procedures, which minimizes trauma to surrounding tissues. Integrated instruments within the arthroscope enable simultaneous visualization and intervention, streamlining the surgical process.

Rising product launches are also likely to push forward the market revenue shares of this category. For example, in November 2023, Pristine Surgical announced the introduction of its groundbreaking Summit 4K single-use surgical arthroscope. This innovative device marked a significant advancement in the field, offering enhanced imaging capabilities and the convenience of single-use functionality for surgical procedures.

Therefore, owing to all the above-mentioned factors, the demand for the arthroscopes category upsurges, thereby the category is expected to witness considerable growth eventually contributing to the overall growth of the arthroscopy devices market during the forecast period from 2024 to 2030.

North America is expected to dominate the overall Arthroscopy Devices Market:

Among all the regions, North America is expected to dominate the Arthroscopy devices market in the year 2023 and is expected to do the same during the forecast period from 2024 to 2030. This is due to the high incidence of hip fractures, avascular necrosis, and various shoulder injuries, combined with the growing need for effective, minimally invasive treatments, and the strong presence of major market players & supportive healthcare infrastructure in the region will further drive the market for arthroscopy devices during the forecast period from 2024 to 2030.

According to data from the American Academy of Orthopaedic Surgeons (2024), annually, over 300,000 individuals in the U.S. experience a hip fracture, with the majority occurring in those aged 65 and older due to falls in the home or community. In addition to this, the National Institute of Health (2023) stated that in the United States, avascular necrosis of the femoral head is estimated to affect between 20,000 and 30,000 new patients each year. Arthroscopy devices enable orthopedic surgeons to view and treat hip joint issues through small incisions. By inserting an arthroscope into the joint, surgeons can assess the extent of damage, guide treatment decisions, and perform procedures such as debridement or repairing damaged tissue. 

As per data from the American Academy of Physical Medicine and Rehabilitation (2022), in the US, the incidence of shoulder dislocations is approximately 23.9 per 100,000 person-years, with 85-98% of these being anterior dislocations. The frequency of proximal humerus fractures rises with age, increasing by about 15% per year, and these fractures often become more complex in older individuals. Among those over 65 years old, the incidence of humeral fractures is 101 per 100,000 person-years. Clavicle fractures represent about 2.6% to 10% of all fractures across various sports, with a global incidence ranging from 17.4 to 91 per 100,000 person-years. Acromioclavicular joint separations account for 9-12% of shoulder girdle injuries, with Type I and II separations being the most common. These injuries are predominantly seen in contact sports and occur most frequently in young males aged 20 to 30 years. Arthroscopy devices are essential for diagnosing and treating shoulder injuries. By using a fiber-optic camera through small incisions, surgeons can view and repair internal damage, such as torn ligaments or fractured bones. This minimally invasive technique is effective for managing dislocations, fractures, and joint separations.

The prompt and well-established healthcare services and infrastructure further contribute to the growth of the regional arthroscopy devices market growth. The presence of key players such as Johnson & Johnson Services, Inc., Stryker Corporation, and Zimmer Biomet with their strong distribution networks ensure widespread availability and accessibility of these devices across the region increasing their revenue shares in the market, and supportive reimbursement programs providing immense growth opportunities for the same.

Therefore, the interplay of all the aforementioned factors above would provide a conducive growth environment for the North America region in the arthroscopy devices market.

Arthroscopy Devices Market Key Players

Some of the key market players operating in the arthroscopy devices market include Stryker, Zimmer Biomet, Johnson & Johnson Services, Inc., Medtronic, Globus Medical, Olympus, DJO, LLC, Richard Wolf GmbH, Active Implants, CONMED Corporation, EndoMed Systems, RUDOLF Medical GmbH + Co. KG, COMEG Medical Technologies, Gimmi® GmbH, Vimex Sp. z o.o., Smith and Nephew, KARL STORZ SE & Co. KG, SCHÖLLY FIBEROPTIC GMBH, Medacta International, and others.

Recent Developmental Activities in Arthroscopy Devices Market

• In January 2024, Arthrex, a global leader in minimally invasive surgical technology and surgical skills education, launched a new patient-focused resource, TheNanoExperience.com. This platform highlighted the science and benefits of Nano arthroscopy, a cutting-edge, minimally invasive orthopedic procedure designed to enable a quicker return to activity and reduced pain.
• In July 2021, Stryker received clearance from the US FDA for the first balloon implant for arthroscopic treatment of massive irreparable rotator cuff tears (MIRCTs).
• In June 2021, Arthrocare Corporation (acquired by Smith and Nephew) received the 510k approval from the US FDA for their product-Werewolf+ Coblation System, Werewolf+ Controller, Werewolf Fastseal 6.0 Hemostasis Wand.

Key Takeaways from the Arthroscopy Devices Market Report Study

• Market size analysis for current arthroscopy devices market size (2023), and market forecast for 6 years (2024 to 2030)
• Top key product/services developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the Arthroscopy devices market
• Various opportunities available for the other competitors in the arthroscopy devices market space
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current arthroscopy devices market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for arthroscopy devices market growth in the coming future?

Target Audience who can be benefited from this Arthroscopy Devices Market Report Study

• Arthroscopy devices product providers
• Research organizations and consulting companies 
• Arthroscopy devices-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in arthroscopy devices 
• Various end-users who want to know more about the arthroscopy devices market and the latest developments in the arthroscopy devices market