The global arthroscopic shaver market in its recent report, for the forecast period 2017-2026. Global sales of arthroscopic shaver are estimated to surpass revenues worth US$ 600 Mn by 2026-end.
Albany, NY -- (SBWIRE) -- 01/23/2018 -- This research report offers a comprehensive analysis of the "Global Market Study on Arthroscopic Shaver: Europe to Remain Most Lucrative Market for Arthroscopic Shaver during 2017 - 2026"The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Arthroscopic shavers are powered systems that are designed for sift tissue and bone resection during arthroscopic joint surgery procedures. Arthroscopic shavers basically comprise an electric/pneumatic power supply unit, dedicated software that offers optimal parameters required for respective procedures and stores previous settings, and display of operational characteristics.
Surgeons inclining their Preference toward Single-use Arthroscopic Shavers
Rapid development has been witnessed in arthroscopic procedures, along with the sophistication of instrumentation over the past few years. Powered instruments, such as an arthroscopic shaver, are generally used in all kinds of arthroscopic procedures. Arthroscopic shavers have become an imperative equipment in routine arthroscopic work, for improving visualization as well as for therapeutics. Surgeons are now inclining their preferences from traditional arthroscopic shavers that were reprocessed & reused toward adoption of single-use arthroscopic shavers. This is mainly because of physical damage caused to shaver blades during its use, and to prevent potential risk of infection caused by reuse.
The development of arthroscopic shavers has resulted into versatility of the arthroscopic surgery, enabling controlled management of bone and soft tissue resections as a part of the reconstructive arthroscopic procedures. However, remnants of debris within the spaces between joints after the arthroscopic shaving process have been noted to cause post-operative symptoms owing to mechanical interference or inflammatory reaction with joint function.
Persistence Market Research (PMR) has projected a steady rise for the global arthroscopic shaver market in its recent report, for the forecast period (2017-2026). Global sales of arthroscopic shaver are estimated to surpass revenues worth US$ 600 Mn by 2026-end.
Europe will continue to be Most Lucrative Market for Arthroscopic Shaver
In terms of revenues, Europe will continue to be the most lucrative market for arthroscopic shaver, with sales estimated to reach nearly US$ 200 Mn by 2026-end. However, the market in Europe will register a relatively lower CAGR than all the other regional segments except Japan through 2026. Japan is projected to reflect the lowest CAGR in the market through 2026. North America, and Latin America will also remain lucrative regions for growth of the arthroscopic shaver market.
Based on product type, shaver handpieces are expected to account for the largest revenue share of the market during 2017 to 2026. Introduction of new high torque & lightweight designs in shaver handpieces are helping surgeons to maintain their performance & speed, and prevent stalling. Sales of shaver handpieces are projected to witness the fastest expansion through 2026.
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Orthopedic Clinics to be Fastest Growing End-Users of Arthroscopic Shavers by 2026-end
Orthopedic clinics are anticipated to be the fastest growing end-users of arthroscopic shavers by 2026-end. However, revenues from arthroscopic shavers' sales in orthopedic clinics will remain relatively lower than those from hospitals and ambulatory surgical centers. In addition, revenues from ambulatory surgical centers will remain relatively lower than those from hospitals in the global arthroscopic shaver market.
Knee repair and hip repair will continue to be the largest application of arthroscopic shavers. Revenues from these two application segments are collectively estimated to surpass US$ 500 Mn by 2026-end. However, sales of arthroscopic shavers in hip repair procedures will exhibit a comparatively higher CAGR than that in knee repair procedures. Sales of arthroscopic shavers for application in shoulder repair will account for the lowest revenue share of the market throughout the forecast period.
Competition in the global arthroscopic shaver market is likely to intensify on the back of increasing M&A activities between established players and regional vendors, along with the rise in technological innovations. In addition, regional and local vendors are focusing on providing application-specific products. PMR's report has identified key players in the global arthroscopic shaver market, which include Karl Storz GmbH, Arthrex, Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew, DePuy Synthes Mitek Sports Medicine, and Zimmer Biomet.
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