Here are five things to know:
1. Medium or large joints such as knees and shoulders are most often repaired by arthroscopic procedures, leading to lower postoperative pain, less hospital stays and long-term health.
2. Due its rising demand, the arthroscopic devices market is now one of the most attractive industries in the medical equipment sector. Mergers, equity transactions, and innovative products have driven the market.
3. A large amount of the world’s population is aging while also becoming more health conscious, driving up the demand for arthroscopic procedures. Surgeons’ increasing reliance on robotic surgeries will also help the device market grow substantially.
4. Rapid need in the European and North American markets is attributed to technological advancements, while Asia-Pacific countries with low taxation, rise in disposable incomes, and investment friendly environments such as China and India also offer fertile market grounds. Regions of Latin America and several other emerging economies in the Asia-Pacific figure to be prime spots for the global arthroscopic devices market, as well.
5. Arthroscopic device companies such as ConMed Co., Smith & Nephew, Anthrex, Stryker, and DePuy Synthes can be expected to play big roles in the growing market.
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