The global handheld arthroscopic instruments market is expected to increase steadily and reach a value of US$5.2 billion by 2033. This is a substantial increase over its estimated 2023 valuation of US$3.3 billion, with a robust 4.7% compound annual growth rate (CAGR) anticipated during the forecast period. The growing need for specialized hand equipment used in arthroscopic treatments is the main factor driving this increase.
Shifting Towards Specialized Instruments
There has been a noticeable shift in the market for arthroscopy instruments, with a preference for specialist hand instruments. The predicted development rate, when contrasted with the 3% CAGR recorded between 2018 and 2022, indicates an increasing emphasis on surgical tools customized to meet particular surgical demands. The growing number of operations that need specialized tools in order to produce the best results is driving this demand.
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Arthroscopy: A Minimally Invasive Approach
Arthroscopy is a minimally invasive surgical method used to identify, visualize, and treat problems connected to the joints. This method makes use of a range of devices, mostly non-disposable and metallic, made to suit the needs of different surgeons and surgical situations. Surgeons have more options when doing treatments with these devices because they are available in different configurations. Hand devices are frequently sold as comprehensive sets intended to cover particular surgical purposes.
Benefits of Arthroscopy
When compared to conventional open operations, arthroscopic techniques have various benefits. Patients who undergo minimally invasive procedures usually experience shorter recovery periods and less discomfort following surgery. As a result, many patients and surgeons prefer arthroscopy since it allows for a quicker return to regular daily activities.
The Future of Arthroscopy
The arthroscopic surgical scene is constantly changing, as seen by the growing requirement for sophisticated hand devices. We may anticipate more developments in instrument functionality and design as the market grows. This opens the door for a future in which arthroscopy plays an increasingly important role in the diagnosis and treatment of joint problems, especially when combined with the inherent advantages of minimally invasive treatments.
Market Competition:
Among the leading companies in the worldwide market for portable arthroscopic instruments are Tornier N.V., Zimmer Biomet, Arthrex, Smith & Nephew, Karl Storz, and Stryker.
Because the major players are present, the market is quite competitive. Global giants like Stryker, Karl Storz, and Smith & Nephew represent a sizeable portion of the market, while a number of regional businesses are also active in important growing areas, most notably Asia Pacific.
- In June 2022 – Stryker announced the opening of its new research and development facility, Stryker’s Global Technology Centre (SGTC), at the International Tech Park, Gurgaon. The facility is estimated to help accelerate innovation in India and globally and further support the company’s mission to improve healthcare.
- In May 2022, Karl Storz inaugurated the construction of the new production buildings Take Off (TO) 85 and 87 in Germany. With this project, the company intends to widen its manufacturing capabilities in the Tuttlingen region, paving the way for ultra-modern workplaces. The expansion project is also estimated to enhance the company’s capacity to produce arthroscopic instruments, among other product offerings.
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Handheld Arthroscopic Instruments Market by Segmentation:
By Product Type:
- Knives
- Graspers
- Scissors
- Others
By Application:
- For Knee Surgery
- For Shoulder Surgery
- For Hip Surgery
- For Others
By End User:
- For Hospitals
- For Ambulatory surgical centers (ASCs)
- For Specialty Clinics
By Region:
-
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
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