Key Players in the European Arthroscopic Devices market are Stryker, Zimmer, DePuy Synthes, Medtronic, Smith and Nephew, Exactech Inc., Tornier, Biomet Inc., Wright Medical Group and Ottobock.
(PRWEB) October 06, 2014
The European arthroscopic devices report defines and segments the concerned market in Europe with analysis and forecast of revenue. The arthroscopic devices market in Europe is estimated to grow to $1,387.8 million by 2018, at a CAGR of 6.1% from 2013 to 2018.
Browse through the TOC of the European arthroscopic devices market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market in the same region, and is supported by various tables and figures.
Arthroscopes are a type of endoscopes, used for viewing internal structure of joints or the spinal cord. These high precision devices are used as guides to operate with minimum body invasion.
The technological innovation in arthroscopic procedures for the treatment of orthopedic conditions is rapidly replacing open surgeries, as they cause lesser trauma to a connective tissue. Developments in visualization and monitoring equipment like arthroscopic devices have facilitated greater precision in joint and spinal surgeries by providing better image quality. The use of arthroscopes has not only lessened the size of surgical incisions required in a typical joint replacement or spinal fusion surgery, but has also dramatically reduced the post-operative recovery time and hospital stays. Furthermore, increasing awareness and popularity of preventive care treatments in Europe is expected to boost the demand for minimally invasive surgeries for joint replacement, and thereby the arthroscopic devices market.
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Europe is the second-largest market for arthroscopic devices, due to increasing use of these devices in joint replacement and spinal surgeries across the region. The arthroscopic devices market is highly developed in the Western Europe, but the eastern European market including former Soviet republics, such as Ukraine, Georgia, Poland, and Hungary still have low penetration rate due to low level of reimbursements and lack of advanced facilities.
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This market is segmented and forecast based on six sub markets, namely arthroscopes, arthroscopic hand instrument, drill guide, fluid management device, power saver system, and radio frequency probe. The market is further segmented and forecast based on major countries, such as Germany, France, Italy, the U.K., and Spain. The market is also segmented and analyzed based on end users.
This report includes the market share and value chain analyses, along with market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
Related Reports :
North American Arthroscopic Devices Market
About 25 in every 1000 people opt for an orthopedic surgery due to osteoarthritis. Such high incidences coupled with aging population and increasing awareness among people is driving the growth of the global orthopedic devices market.
The North American Arthroscopic Devices Market is mainly driven by aging population and increasing prevalence of Osteoarthritis and increasing number of orthopedic surgeries.
The report “North American Arthroscopic Devices Market forecast, 2008-2018” analyzes the market of devices by 6 segments such as Arthroscopes, Arthroscopic hand instrument, Fluid management devices, Power saver devices, Radiofrequency probe, and Drill guide. All these segments experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques.
Procedure volume growth is significantly higher in North America because of fast disease progression, higher prevalence, improving healthcare infrastructure, economic growth, broadening insurance coverage, expanding private healthcare sector and increasing awareness among-st people.
Asian Arthroscopic Devices Market
The Asian Arthroscopic Devices Market is mainly driven by aging population and increasing prevalence of Osteoarthritis and number of orthopedic surgeries.
Minimally Invasive procedures are rapidly replacing open surgeries as a result of technological innovations. Developments in visualization and monitoring equipment for instance have facilitated greater precision in joint and spinal surgeries by providing better image quality.
MIS devices are high-precision instruments made of expensive materials such as platinum, titanium, and cobalt. The leading high cost of MIS devices forms a major factor, therefore limiting market growth. In addition, lack of training in some cases is also hindering the growth of the market in some developing countries such as India and China.
Geographically, the Asian Arthroscopic Devices Market is segmented into China, India, Japan and Rest of Asia .In Japan, the rising rates of obese population have been driving the procedure growth but Asia-wide effort to cut healthcare costs and decrease the reimbursements, will compel patients to opt for alternative surgeries like Arthroscopic Debridement and MIS.
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