Arthroscopy Devices Market Revenue Analysis Study 2022

Arthroscopic Implants

The global arthroscopes implants market is valued at USD **Mn in 2019 and is estimated to grow at a CAGR of 5.9% over the forecast period to reach USD ***Mn by 2027. The arthroscopes implants market contributes the market share of about 32.5% in the year 2019 and expected to increase by 0.7% to reach 39.3%  by 2027, in global arthroscopy devices market. The collective revenue of arthroscopes implants market is expected to generate USD 15,716.5  Mn between 2019-2027. The average implants cost varies from $1,000-$15,000 depending on the patient condition and severity of the damaged area. Most of the implants are implanted through minimally invasive techniques such as arthroscopy owing to the existence of many advantages compared to open surgeries. Some of the benefits of MI surgeries include cost-effectiveness in the long-run, speedy recovery, less surgery time, fast post-surgery recovery, and improved quality of life. Due to these advantages, many insurance companies especially private health insurance companies are offering reimbursement programs and encouraging the usage of arthroscopy implants.

Arthroscopes

The arthroscopes market contributes the market share of about 32.3% in the year 2019 and expected to slowly increase by 0.3% to reach 32.7%  by 2027, in global arthroscopy devices market. The collective revenue of arthroscopes market is expected to generate USD *** Mn between 2019-2027. Arthroscopy is a typical type of endoscope which is inserted into the patient’s body through wounds, natural cavities or through a small incision which is used to treat or diagnose the problems . The average cost of arthroscopes ranges from $1,600-$2,000. The process is being carried out by a physician or an outpatient setting. Arthroscopes can be differentiated into two types, rigid and flexible  arthroscopes. Some of the available rigid arthroscopes available in the market include CONMED's HD 400 series, and Stryker's HD arthroscope straight  and some of the available arthroscopy implants in the market are all-in-one TMJ fiberscope arthroscope by Karl Storz and MODUS OptoFIX 2.0 by Medartis. Such advanced arthroscopic implants will increase the market growth.

Arthroscopy Instruments and Accessories

The arthroscopy instruments and accessories market hold the strongest market share among other products contributing a major share of about 35.2% in the year 2019 and however, it is expected to slightly decline by less than 1% , through it dominates the market  in 2027, for global arthroscopy devices market. The collective revenue of arthroscopy instruments and accessories market is expected to generate USD 16,385.1 Mn between 2019-2027. Arthroscopy instruments consist of the devices used during the procedure, including cameras, video monitors, light sources, video recorders, video processors, electrosurgical generators, and insufflators. Arthroscopic instruments and accessories are a largely commoditized segment that requires constant replacement by the hospitals. Arthroscopic instruments and accessories will see increased innovation in the coming years due to increased need for technologically advanced products for the effective treatment of orthopedic disorders.

Arthroscopy Shaves

Shaver's are software based tools, which gives an aggressive tissue resection and removal of damaged tissue or foreign objects in the bone during arthroscopic surgery. It is an electrical device which operates under specified programming module with optimal parameters for the process. These devices have several speeds and can operate at different size based on the burs and blades based on the wound, and it consists of rotary instruments like a sagittal saw which are used in small joints surgery of wrist and ankle. In arthroscopy, they are used as a combination of fiber-optic video arthroscopes, irrigation systems, and other manual instruments. They are mostly used for the removal of defective cartilage and in synovectomy. Some of the available shavers in the market include Stryker's CORE shaver system, CONMED's Advantage turbo shaver, and DePuy Synthes's micro tornado shaver handpiece.

Arthroscopy Visualization Devices

Visual systems are used in the arthroscopy procedure for identifying and locating the damaged area of the orthopedic joints for further evaluation and treatment. Visualization system consists of cameras, video monitors, light sources, video recorders, video processors, high definition monitors, and screens, which helps the physicians to have a clear-cut idea of the damaged region in the body.

For instance, Arthrex has developed wireless display technology VisionPro SYNK 26 in which the picturization will be in 1080p with dual channel technology. Similarly, CONMED has developed a 3D HD vision system which is very useful in minimally invasive surgery, which provides robotic technology in the 3D vision at low cost and enhances the visualization of dissection, suturing and stapling. 500XL Xenon Light Source by Smith & Nephew gives a higher range of illumination, with brighter white light for natural color reproduction with fiber optic light cables to optimize the visualization, and also it has a brighter panel including the usage of the lamp and digital shutter control with automatic standby. 

Arthroscopy Fluid Management Devices

It is a technique used to collect the liquid waste, (blood) and blood fluids during surgery. Which are carried out through suction pumps and canisters? The fluid management system in arthroscopy performs various functions such as suctioning, irrigating the fluids through wounds, fluid filtration, distension of body cavity and disposal of body fluid waste. Some of the available arthroscopy instruments and accessories in the market include products are Stryker's CrossFlow arthroscopy pump, Arthrex's Continuous Wave III arthroscopy pump, and Smith &Nephew's DYONICS 25 fluid management system.

Arthroscopy Radiofrequency Devices

Radio frequency devices are used in the surgeries which correspond to the frequency of radio waves and alternating currents used in the form electrical oscillations. These signals heat up and remove the soft tissue and coagulate bleeding areas in the damaged area in the body. Some of the available products in the market include Stryker's Crossfire integrated arthroscopy system, Smith & Nephew's VULCAN RF arthroscopy system.

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