8.5% CAGR | Arthroscopy Devices Market Worldwide Demand, Growth, Industry Revenue, Business Views By 2030

Rise in demand for minimal invasive procedures, rapidly aging global population, surge in the number of sports-related injuries, shorter recovery time, and minimal postoperative complications drive the growth of the global arthroscopy devices market. On the other hand, high cost of arthroscopic devices & implants impedes the growth to some extent. However, upsurge in the obesity rate among people is expected to create lucrative opportunities in the industry.

The global arthroscopy devices market size was valued at $18.0 billion in 2020, and is projected to reach $41.9 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030.

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The arthroscopy devices market size witnessed significant growth in the past decade, owing to increase in number of patients suffering from bone & joint disorders and rapid growth of healthcare industry. Number of players in the arthroscopy devices industry are expanding their business to strengthen their foothold in the global market. By product, the arthroscopes segment dominated the arthroscopy devices market share in 2020, in terms of revenue. Depending on application, the shoulder and elbow arthroscopy segment is expected to grow at a higher CAGR during the forecast period, owing to rise in geriatric population. 

Impact of Covid-19 on Arthroscopy Devices Market-

  • Lockdown in several countries across the world gave way to distorted supply chain and slanted manufacturing activities, which in turn, impacted the global arthroscopy devices market negatively, especially during the initial period.
  • However, the market has already started recovering and is expected to get back on track soon.

Get detailed COVID-19 impact analysis on the Arthroscopy Devices Market- https://www.alliedmarketresearch.com/request-for-customization/426?reqfor=covid

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the Arthroscopy Devices Market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers Arthroscopy Devices Market analysis from 2022 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Arthroscopy Devices Market growth.

Prominent market players-

  • Johnson & Johnson
  • Zimmer Biomet Holdings, Inc.
  • Medtronic plc
  • Richard Wolf GmbH
  • Smith & Nephew plc
  • Conmed Corporation
  • Henke Sass Wolf GmbH
  • Arthrex, Inc.
  • Karl storz GmbH & Co. KG
  • Stryker Corporation

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