The global arthroscopic devices market is growing as more surgeries are now performed through less invasive procedures, according to a new report from Medical Market Research.
Here are eight key trends on the market:
1. More patients are aware of the benefits of minimally invasive procedures, driving the demand for arthroscopic procedures. The benefits include:
• Reduced hospitalization
• Less painful surgical experience
2. Orthopedic surgeries — joint resurfacing most prominently along with small joint surgeries of the wrist, shoulder and ankle are all increasing.
3. After less invasive procedures patients are discharged home the same day, and the arthroscopic technology facilitates greater precision which is especially important in highly sensitive areas such as spine.
4. The rapidly growing aging population in North America has huge growth potential. As a result, North America has the largest share of the global arthroscopic devices market.
5. Surgeons are increasingly using arthroscopic devices in joint replacement and spinal surgery in North America, which allows the country to sustain its top position.
6. An uptick in obesity causing orthopedic conditions and degenerative osteoarthritis contributes to the upswing in arthroscopic surgery.
7. The arthroscopic surgeries require less healing time and fewer complications than other surgical techniques.
8. Key companies in the arthroscopic devices market include Stryker, Zimmer, Synthes, Medtronic, Smith & Nephew and DJO Global, which were named in the report.