Europe Arthroscopy Devices Market Size, Share & Industry Trends Analysis Report By Type, By Application (Knee Arthroscopy, Hip Arthroscopy, Shoulder & Elbow Arthroscopy), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Arthroscopy Devices Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
The usage of arthroscopy instruments for inspecting and executing therapeutic procedures has expanded as the number of patients suffering from joint illnesses such as rheumatoid arthritis, osteoarthritis, tendinitis, and bone tumors has increased. The growth of the arthroscopy equipment market was positively influenced by a rise in the number of sports injuries caused by an increase in the number of sports competitions held across the world. Furthermore, technological improvements have permitted the use of arthroscopy devices for a variety of bone and joint disorders, resulting in a significant arthroscopy devices market opportunity. Furthermore, the arthroscopy devices market is driven by the development of the healthcare industry in emerging nations and the advancement of healthcare facilities in established countries. Major industry players are also concentrating on the development of low-cost arthroscopy instruments
Degenerative knee disease is becoming more common in Europe due to an increase in the aging population. According to the WHO, diagnosis of knee illnesses, including osteoarthritis, varies from 2.8 percent in Romania to 18.3 percent in Hungary throughout EU member states. The agony is debilitating, and a knee replacement treatment is sometimes the last and only option for pain relief. In European countries, arthroscopic knee surgery for degenerative knee disease is the most prevalent orthopedic procedure. Due to the rising prevalence of sports injuries, particularly those sustained in contact sports, the need for knee arthroscopy is increasing in the region.
The Germany market dominated the Europe Arthroscopy Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,867.1 million by 2028. The UK market is anticipated to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.5% during (2022 - 2028).
Based on Type, the market is segmented into Arthroscopes, Arthroscopic Implants, Radiofrequency Systems, Fluid Management Systems, Visualization Systems, Powered Shavers, and Others. Based on Application, the market is segmented into Knee Arthroscopy, Hip Arthroscopy, Shoulder & Elbow Arthroscopy, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Arthroscopy Devices Market Size will Hit $28.6 Billion by 2028, at a CAGR of 7.2%The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Johnson & Johnson, Smith & Nephew PLC, ConMed Corporation, Stryker Corporation, Zimmer Biomet Holdings, Inc., Karl Storz SE & Co. KG, Arthrex, Inc., Richard Wolf GmbH, and Henke Sass Wolf GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Arthroscopic Implants
- Radiofrequency Systems
- Fluid Management Systems
- Visualization Systems
- Powered Shavers
- Knee Arthroscopy
- Hip Arthroscopy
- Shoulder & Elbow Arthroscopy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Johnson & Johnson
- Smith & Nephew PLC
- ConMed Corporation
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Karl Storz SE & Co. KG
- Arthrex, Inc.
- Richard Wolf GmbH
- Henke Sass Wolf GmbH
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