Albany, NY -- (SBWire) -- 11/28/2017 --According to a research report on the global arthroscopy devices market recently released by Transparency Market Research (TMR), the market stood at US$3.3 billion in 2012. The report projects the market to expand at a CAGR of 6% over a period of 2013-2019 and attain a value of US$5.1 billion by the end of the forecast period.The report, titled "Arthroscopy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", signifies that the rapid increase in the incidence of chronic arthritis coupled with the rise in the global geriatric population is the primary driving factor behind the growth of the global arthroscopy devices market.Apart from this, the rising number of sports injuries is also adding to the development of the global market for arthroscopy devices. However, strict regulatory policies related to the approval of arthroscopy devices and increasing cases of complications after surgeries are hampering the market, states the report.
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The global market for arthroscopy devices is analyzed on the basis of types of devices and the numerous regional markets in this report.Based on the type of devices, the worldwide market for arthroscopy devices is classified into the markets for arthroscopes, arthroscopic shavers, fluid management systems, arthroscopic implants, radiofrequency systems, and visualization systems.Among these, in 2012, the market for arthroscopic implants accounted for the largest share in the overall arthroscopy devices market and reached around US$2 billion. This market is further sub-segmented into the markets for shoulder implants, hip implants, knee implants, and other implants. The market for visualization systems is poised to record the highest growth rate of over 9% during the period from 2013 to 2019, whereas the market for radiofrequency systems is expected to follow the market for arthroscopic implants in terms of growth rate and is expected to reach a value of over US$230 million by the end of the forecast period.
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In addition to this, the market for arthroscopic shavers is likely to witness a sluggish growth compared to other arthroscopy devices over the forecast period.Regionally, the global market for arthroscopy devices is spread across North America, Europe, Asia Pacific, and the Rest of the World, wherein the market in North America captured the biggest portion of the global market in 2012. However, the market in Asia Pacific is estimated to report the highest growth during the forecast period.This report on the global market for arthroscopy devices offers special benefit for the players, consultants, and the stakeholders operating in this market by assisting them in creating crucial strategies and making beneficial decisions. Arthrex, Inc., Conmed Corp., Arthrocare Corp., DePuy Synthes Inc., Stryker Corp., and Smith & Nephew are the major participants of the global arthroscopy devices market profiled in this report.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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Arthroscopy Devices Market to Expand at a Rapid CAGR of 6% from 2013 to 2019