Albany, NY -- (SBWIRE) -- 02/22/2018 -- Arthroscopy is a relatively new surgical procedure that involves minimal invasion and offers rapid recovery. Arthroscopy is performed for diagnosis or surgical treatment of joints such as knee, hip, shoulder, and spine. The arthroscopy procedure involves an imaging system, suction catheters, irrigation systems, and energy equipment. Various energy equipment such as punches and shavers are used for performing this procedure. Arthroscopy shavers are used to resect diseased or non-functional parts of the joint such as cartilages and bones. Based on type of application, various consumable extensions are used with shaver systems such as burrs, saw, blades, and other extensions. The diseased tissue is resected using the shaver system; continuous irrigation is applied to inflate the joint area and keep the tissues away; and suction is applied to remove resected fragments of the tissue.
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Rising elderly population across the globe is driving prevalence of orthopedic diseases such as arthritis. Moreover, increasing incidence of sports and other traumas is likely to augment the number of arthroscopy surgeries in the near future. This, in turn, is estimated to drive the market for arthroscopy shaver systems during the forecast period. The increasing number of cases such as tendon tear in shoulder, cartilage tear in knee, and ligament tear in knee is projected to raise the number of therapeutic arthroscopy procedures performed using arthroscopy shaver systems. Minimal invasion and speedy recovery associated with arthroscopy procedures are attracting more patients and physicians toward arthroscopy. Technological advancements in arthroscopy shaver systems such as intuitive user interface and long-lasting consumables with better strength such as burrs and blades are factors projected to drive the market in the next few years. However, high costs of arthroscopy procedures and adverse effects during and after these procedures are factors likely to restrain the market during the forecast period.
The global arthroscopy shaver systems market can be segmented on the basis of component, technology, end-user, and region. In terms of component, the market can be segmented into consumables and equipment. Consumables used in arthroscopy shaver systems are burrs, blades, saw, and other extensions. Stringent rules and regulations and rising demand for safe and infection-free surgeries are factors anticipated to drive the consumables segment. Based on technology, the market has been segmented into pneumatic shavers and electric shavers. Pneumatic shavers were used extensively in the past. However, advantages of electric shavers such as precise power delivery and control as well as better stability are expected to drive the electric shavers segment during the forecast period. Based on end-user, the arthroscopy shaver systems market has been segmented into hospitals and ambulatory surgical centers. Increasing preference for short hospital stays and development of minimally invasive techniques are factors fueling the ambulatory surgical centers segment.
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In terms of region, the global arthroscopy shaver systems market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a significant share of the global market during the forecast period, due to high adoption of technology and well-established health care infrastructure in the region. Moreover, high prevalence of orthopedic diseases is estimated to contribute to the leading share held by North America in the global market. Europe is estimated to hold a prominent share of the global market in the near future. The market in the region is anticipated to witness strong growth during the forecast period. Increasing geriatric population is likely to raise the number of patients with orthopedic diseases, which is projected to drive the Europe market. Increasing health care expenditure in countries of Asia such as China and India is estimated to propel the arthroscopy shaver systems market in Asia Pacific during the forecast period.
Major players operating in the global arthroscopy shaver systems market include Arthrex, Inc., Stryker Corporation, Smith & Nephew, DePuy Synthes, B. Braun Melsungen AG, CONMED Corporation, Roth Holding Inc. (Dr. Medical), and De Soutter Medical.
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