Portland, OR -- (SBWIRE) -- 02/23/2018 -- Sophisticated radiofrequency systems employing wireless and USB technology have revolutionized minimally invasive surgeries by offering precise soft-tissue ablation, cutting of blood vessels, and hemostasis during arthroscopy procedures. This has led to increase in demand for radiofrequency systems to execute arthroscopy interventions.

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Arthroscopy Devices Market Report, published by Allied Market Research, forecasts that the global market was valued at $3,453 million in 2015 and is projected to reach $5,334 million by 2022, growing at a CAGR of 6.2% from 2016 to 2022. The arthroscopic implants segment held nearly two-fifths of the total market in 2015.

Arthroscopy devices are rapidly adopted to examine the bone joints for specific conditions, such as osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumor. The increase in prevalence of musculoskeletal disorders (osteoarthritis and rheumatoid arthritis) due to the rapidly ageing population is the prime factor to drive the demand for arthroscopy procedure. Moreover, the growth in number of sport injuries where arthroscopy procedure avoids the total joint replacements is anticipated to propel the market growth. In addition, the arthroscopic implants hold a dominating share in the global arthroscopic devices market, and is expected to maintain its lead during the forecast period. This is attributed to the diverse application of these implants with improved designs, such as smart and customized implants to treat different conditions and increased adoption of implants in arthroscopy procedures of damaged joints.

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Key factors that boost the growth of global arthroscopy devices market are the benefits of arthroscopy devices including shorter recovery time, minimal post-operative complications, and greater precision to perform surgeries of highly sensitive areas such as spine. In addition, upsurge in obesity rate causing bone degradation in population and the rise in demand for arthroscopic treatment in emerging economies offer lucrative opportunities for the growth of this market. However, dearth of skilled professionals and high costs associated with arthroscopic devices especially the novel implants (biodegradable and 3D implants) impede the market growth.

Many market players have focused to expand their foothold in the LAMEA region by adopting strategies including product launches to discover the untapped opportunities in this region. These arthroscopy device manufacturing companies, such as Smith & Nephew, Stryker Corporation, and DePuy Synthes (J&J) also have a wide distribution network in this region. For instance, Smith & Nephew entered into a multi-country distribution agreement with OrthAlign, a U.S. based private company in February 2016. The partnership focused to develop medical devices and distribute their Total-Knee Arthroplasty (TKA) technology across several countries in Africa and Middle East.

Arthroscopy Devices Market Key Segments:

By Product
Arthroscopes
Arthroscopic Implants
Knee Implants
Hip Implants
Shoulder Implants
Other Implants
Fluid Management Systems
Radiofrequency (RF) Systems
RF Generators
Radiofrequency Probes & Wands
Footswitch
Visualization Systems
Powered Shaver Systems
Other Arthroscopy Equipment

By Application
Knee Arthroscopy
Hip Arthroscopy
Spine Arthroscopy
Foot & Ankle Arthroscopy
Shoulder & Elbow Arthroscopy
Other Arthroscopy Applications (Wrist and Jaw)

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