Key Players in the Asian arthroscopic devices market are Stryker, Zimmer, DePuy Synthes, Medtronic, Smith and Nephew, Exactech Inc., Tornier, Biomet Inc., Wright Medical Group and Ottobock.
(PRWEB) October 18, 2014
The Asian arthroscopic devices report defines and segments the concerned market in Asia with analysis and forecast of revenue. The arthroscopic devices market in Asia is estimated to grow to $712.3 million by 2018, at a CAGR of 6.5% from 2013 to 2018.
Browse through the TOC of the Asian arthroscopic devices market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of arthroscopic devices market in the same region, and is supported by various tables and figures.
Arthroscopic devices are precision surgical instruments, which are inserted in tissue particles in arthroscopic procedures, such as joint and spinal disc surgeries.
The increased income levels of the population in this region have enabled patients to afford expensive treatments, such as joint reconstruction and trauma fixation, where arthroscopic devices are used. This acts as a major driver for the growth of the Asian trauma fixation market. The rising awareness in patients about the benefits, such as reduced hospitalization and less traumatic surgical experience of minimally invasive procedures, has significantly increased the demand for the use of arthroscopic devices in Asia. The technological innovation in such 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 expected to propel the growth of arthroscopic procedures, thus resulting in the growth of the arthroscopic devices market in this region.
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 forecasted based on major countries, such as Japan, China, and India. The market is also segmented and analyzed based on the end users.
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This report includes the market share and value chain analyses, and 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, Radio frequency probe, and Drill guide. All these segments experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques.
European Arthroscopic Devices Market
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.
Geographically, the European Arthroscopic Market is segmented into U.K., Germany, France, Italy, Spain and Rest of Europe. In Germany, the rising rates of obese population have been driving the procedure growth but Asia-wide effort to cut healthcare cost and decrease the reimbursements, will compel patients to opt for alternative surgeries like Arthroscopic Debridement and MIS.
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