Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Arthroscopy Devices Market size is expected to reach $28.6 billion by 2028, rising at a market growth of 7.2% CAGR during the forecast period.
The Arthroscopes segment acquired maximum revenue share in the Global Arthroscopy Devices Market by Type in 2021, thereby, achieving a market value of $7.9 billion by 2028. It is due to the fact that the efficiency of arthroscopy instruments in checking bone joints for particular disorders such as osteoarthritis, rheumatoid arthritis, tendinitis, and bone tumors has spurred their use in healthcare facilities.
The Hip Arthroscopy segment is showcasing a CAGR of 7.5% during (2022 - 2028). Hip arthroscopy is a surgical treatment that allows surgeons to examine the hip joint without cutting the skin or other soft tissues. Arthroscopy is a procedure that is used to diagnose and treat a variety of hip disorders. The procedure is similar to that of knee arthroscopy. The surgeon can utilize very small incisions instead of the bigger incisions required for open surgery since the arthroscope and surgical equipment are thin. Patients experience less pain and joint stiffness as a result, and the time it takes to recuperate and return to favorite activities is often cut in half.
The North America market dominated the Global Arthroscopy Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.3 billion by 2028. The Europe market is estimated to witness a CAGR of 6.7% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 7.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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