The global arthroscopic devices market is expected to grow at a compound annual growth rate of 5.1 percent through 2022, according to a Persistence Market Research report.
Here are six notes:
1. The market will likely surpass $1.7 billion by 2022.
2. A growing geriatric population and increasing demand for minimally invasive procedures will boost market growth.
3. The knee application dominates the arthroscopy market, capturing one third of the market share through 2022.
4. The hip arthroscopy segment generates the greatest revenue behind knee, followed by spine arthroscopy.
5. Key market players include Arthrex, Stryker, CONMED, Smith & Nephew, Zimmer Biomet, Medtronic, Wright Medical Group and Richard Wolf.
6. Hospitals will continue to serve as the dominant end-user of arthroscopic devices.