LAMEA 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 Latin America, Middle East and Africa Arthroscopy Devices Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).
Arthroscopy devices are medical tools and equipment, which are used to visualize, inspect, and perform therapeutic procedures inside the body's joints. They're most commonly utilized to treat medical disorders like osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumors. Arthroscopes, fluid management systems, implants, imaging systems, radiofrequency systems, and other instruments are widely utilized during arthroscopy. These devices are put into the patient's body with a small lens attached to study the structures and anomalies inside the joints. Arthroscopy of the knee, hip, spine, ankle, shoulder, elbow, wrist, and mouth uses these devices extensively.
Injuries can happen in a variety of places and in a variety of ways. Shoulder, hip, knee, elbow, wrist, and ankle injuries; cartilage rips or ligament injuries; inflammation of the joint lining; removal of loose fragments of bone or cartilage that become stuck in a joint; and osteoarthritis caused by cartilage loss in a joint are just a few of the prevalent injuries. Some of these conditions may necessitate arthroscopic surgery, which can aid in diagnosis and therapy.
Hip arthroscopy developed in Africa as a logical continuation of a noninvasive approach to the hip for various hip diseases, starting in South Africa. This relatively recent treatment to the hip joint was first introduced in South Africa in 2001 and has since spread throughout the world. South African surgeons will strive to remain at the forefront of arthroscopic hip procedures research and development through the South African Organization for Hip Arthroscopy, SASHA, and its international sister society, ISHA.
According to the World Bank, healthcare spending in the United Arab Emirates hit $18.2 billion in 2018 and is anticipated to reach $21.3 billion by 2021. By 2026, total healthcare spending is expected to account for 4.6 percent of GDP, up from 4.27 percent in 2018. The healthcare sector in the United Arab Emirates is on a long-term upward trend.
The Brazil market dominated the LAMEA Arthroscopy Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $511.5 million by 2028. The Argentina market is poised to grow at a CAGR of 11.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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