Arthroscopic Shavers Market Size Worth US$ 3.0 Billion by 2031 - Growth Plus Reports
Growth Plus Reports
6 min read
Growth Plus Reports
Newark, New Castle, USA, May 10, 2023 (GLOBE NEWSWIRE) -- Growth Plus Reports estimated the size of the global market for arthroscopic shavers in 2022 to be worth US$ 1.88 Billion, and it is expected to increase at a revenue CAGR of 5.3% to reach US$ 3.0 Billion by 2031.
The global market for arthroscopic shavers was analyzed and is expected to rise significantly in terms of revenue share during the forecast period. Medical tools called arthroscopic shavers are used in arthroscopic treatments to remove diseased bone or tissue from joints. The use of arthroscopic shavers is common in orthopedic treatments involving the knee, shoulder, and hip.
Key Takeaways:
The rising prevalence of joint disorders and related surgeries is driving the market revenue share.
The inversing geriatric population is driving the market demand.
The market is rising with the recent technological developments in healthcare.
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Recent Development in the Global Arthroscopic Shavers Market:
In April 2021, Smith & Nephew plc announced new enabling technologies for its INTELLIOTM Connected Tower Solution together with the introduction of the DOUBLEFLOTM Inflow/Outflow Pump and 4KOTM (Optimised) Arthroscopes and Laparoscopes.
Competitive Landscape
A list of the prominent players operating in the global market for arthroscopic shavers includes:
Zimmer Biomet Group
Johnson & Johnson
Arthrex Inc.
Stryker Corporation
Smith & Nephew Plc
Market Drivers and Restraints:
The global arthroscopic shavers market revenue is driven by the rising increasing incidence of joint disorders and injuries, the need for effective and minimally invasive surgical procedures, and the growing adoption of arthroscopic shaver technology by healthcare professionals. Furthermore, the rising geriatric population will likely contribute potential growth to the global market revenue.
However, due to the high cost of arthroscopic shaver devices, the lack of skilled healthcare professionals to perform arthroscopic surgeries, and the potential risk of complications associated with arthroscopic procedures, the market revenue growth is expected to be restrained.
Based on type, the global arthroscopic shavers market is segmented into plastic, polycarbonate, stainless steel, and others. Due to the powerful, long-lasting, and sharp enough to cut through bone or tissue without endangering the tissues around it, the stainless-steel segment accounts for the largest market revenue share.
Segmentation By Application
Based on the application, the global arthroscopic shavers market is segmented into hips, spine, and knee arthroscopy, among others. The knee arthroscopy segment accounts for the largest revenue share. This is because knee-related conditions, including meniscus tears and cartilage tears, are becoming more common.
Segmentation By End User
Based on end-user, the global arthroscopic shavers market is segmented into hospitals, ambulatory surgical centers, and orthopedic clinics. Due to the numerous orthopedic surgeries carried out by skilled surgeons in sterile hospital settings, hospitals with the largest revenue share dominate the global market.
Based on the region, the global arthroscopic shavers market is segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Due to the rise in arthroscopy procedures being brought on by the region's increased frequency of chronic illnesses and orthopedic disorders, notably among its aging population, North America, with the largest revenue share, dominates the global market.
Report Coverage
Growth Plus Reports studied the global market for arthroscopic shavers in-depth. We studied the fundamental market characteristics, significant investment sectors, regional growth analytics, revenue estimates, competing market players, and mergers and acquisitions.
Table of Content
INTRODUCTION
Market Ecosystem
Timeline Under Consideration
Historical Years – 2021
Base Year – 2022
Forecast Years – 2023 to 2031
Currency Used in the Report
RESEARCH METHODOLOGY
Research Approach
Data Collection Methodology
Data Sources
Secondary Sources
Primary Sources
Market Estimation Approach
Bottom Up
Top Down
Market Forecasting Model
Limitations and Assumptions
PREMIUM INSIGHTS
Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2022)
Regulatory Landscape
MARKET DYNAMICS
Drivers
Restraints/Challenges
Opportunities
GLOBAL ARTHROSCOPIC SHAVERS MARKET - ANALYSIS & FORECAST, BY TYPE
Plastic
Polycarbonate
Stainless Steel
Others
GLOBAL ARTHROSCOPIC SHAVERS MARKET - ANALYSIS & FORECAST, BY APPLICATION
Hips Arthroscopy
Spine Arthroscopy
Knee Arthroscopy
Others
GLOBAL ARTHROSCOPIC SHAVERS MARKET - ANALYSIS & FORECAST, BY END USER
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