Persistence Market Research (PMR)’s latest report says that the Global Arthroscopic Devices Market value will surpass US$ 10,135.8 Mn by the year 2029 and North America will hold a dominant position in the market. Osteoarthritis, rheumatoid arthritis, tendonitis, and bone malignancies in bone joints are all treated using arthroscopic devices. The market for arthroscopic devices is projected to grow as the incidence of bone-related and musculoskeletal issues is rising.
Moreover, favorable reimbursement policies in developed countries, growing medical tourism in developing countries, and improved healthcare infrastructure are expected to drive global market growth.
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Companies
- Arthrex, Inc.
- Stryker Corporation
- Smith & Nephew Plc.
- CONMED Corporation
- KARL STORZ GmbH & Co. KG
- Olympus Corporation
- Richard Wolf GmbH
- Johnson & Johnson
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North America to Dominate the Market
The frequency of arthroscopies conducted in North America has increased dramatically during the last few years. The rise in arthroscopy treatments in the region is being driven by the rising frequency of chronic diseases and orthopedic problems, particularly among the region’s aging population. Furthermore, the incidence of sports injuries in North America has risen drastically, which will also drive the market growth. All these factors lead to a significant increase in demand and growth opportunities in this region and hence North America is expected to dominate the Market in the coming years.
Apart from North America, Europe, and the Asia Pacific are likely to drive market growth. The demand for arthroscopic devices is increasing at a rapid rate in Europe due to factors such as diverse medical uses, technological developments, and an increasing preference for minimally invasive procedures for knee replacement and other ailments.
Countries such as India and China will also drive market growth due to an increase in the geriatric population and rising medical tourism for cost-effective treatments.
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