Key Players in the North American arthroscopic devices market are Stryker, Zimmer, DePuy Synthes, Medtronic, Smith and Nephew, Exactech Inc., Tornier, Biomet Inc., Wright Medical Group and Ottobock.
(PRWEB) October 09, 2014
The North American arthroscopic devices report defines and segments the concerned market in North America with analysis and forecast of revenue. The arthroscopic devices market in North America is estimated to grow to $3,963.9 million by 2018, at a CAGR of 6.9% from 2013 to 2018.
Browse through the TOC of the North American arthroscopic devices market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the arthroscopic devices market in the same region, and is supported by various tables and figures.
The rising awareness among patients about the benefits, such as reduced hospitalization and less traumatic surgical experience of the minimally invasive arthroscopic procedures, has significantly increased the demand for the use of arthroscopic devices in North America. 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 in these surgeries 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. All these factors have contributed to the growth of the arthroscopic devices market in this region.
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Furthermore, rise in obese and aging population, and the consequent rise in prevalence of musculoskeletal disorders, such as osteoarthritis and others, is also expected to propel the growth of arthroscopic procedures, thus resulting in the growth of the arthroscopic devices market in this region. North America is the largest market for arthroscopic devices, due to the increasing use of these devices in joint replacement and spinal surgeries across the region.
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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 the U.S., Canada, and Mexico. The market is also segmented and analyzed based on the 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.
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European Arthroscopic Devices Market
About 25 in every 1000 people opt for an orthopedic surgery due to osteoarthritis. Such high incidence coupled with aging population and increasing awareness among people; is driving the growth of the European orthopedic devices market.
The European Arthroscopic Devices Market is mainly driven by aging population and increasing prevalence of Osteoarthritis and increasing number of orthopedic surgeries.
The report “European 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, 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 Europe 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.
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.
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