Global Arthroscopy Devices Market Share, Trends & Industry Size 2031

Global arthroscopy devices market is projected to witness a CAGR of 5.65% during the forecast period 2024–2031, growing from USD 5.04 billion in 2023 to USD 7.82 billion in 2031. The global arthroscopy devices market is shaped by key factors, including technological advancements, an increasing elderly population, a rise in sports-related injuries, and a heightened interest in less invasive surgical options. Advances in arthroscopic technology, such as superior high-definition imaging and improved surgical tools, have significantly enhanced the effectiveness and success rates of arthroscopic procedures, thereby propelling the growth of global arthroscopy devices market. These developments lead to more accurate and less intrusive surgeries, resulting in shorter recovery periods and better outcomes for patients.

The growing number of older adults, more susceptible to joint conditions like osteoarthritis, is critical in expanding the global arthroscopy devices market. This demographic shift spurs a higher demand for surgeries that preserve and repair joints, often performed arthroscopically. The market is further driven by the rise of sports-related injuries, especially among younger athletes and active individuals. As more people participate in sports globally, joint injuries are becoming more common and necessitating arthroscopic procedures.

Furthermore, the global arthroscopy devices market has a growing tendency towards less invasive surgeries.

With its many advantages over traditional open operations, such as smaller incisions, less discomfort and scars, a decreased chance of infection, and a quicker recovery, arthroscopy is becoming increasingly popular in the healthcare industry worldwide. Arthroscopy is widely accepted in various hospitals across the world for the treatment of sports-related injuries.

For example, in November 2023, the Kalinga Institute of Medical Sciences (KIMS) in India took major steps to ensure athletes receiving treatment for sports-related injuries recover effectively and quickly. This was in response to Odisha’s rapid rise to prominence as a sports hub in India. It arranged a workshop using cadavers on Arthroscopic Surgery, which is transforming joint treatments and is frequently used by athletes.

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Rise in Sports-Related Injuries

An increasing number of sports-related injuries is largely responsible for the rise of the global arthroscopy devices market. Arthroscopy is a minimally invasive surgical method used to diagnose and treat problems in joints, such as the knee, shoulder, elbow, wrist, ankle, and hip. Athletes who participate in more sports are at an increased risk of suffering from joint ailments, including cartilage and ligament damage. Increased need for effective diagnostic and therapeutic tools is brought about by the rise in sports-related injuries, which, in turn, drives the market for arthroscopy equipment. Sports medicine favors these devices because of their advantages, which include less invasive surgery, reduced pain and infection concerns, and quicker recovery periods.

According to a study presented at the 2023 American Academy of Orthopaedic Surgeons (AAOS) Annual Meeting, the incidence of head and neck injuries is increasing while the severity of sports-related injuries is decreasing generally. According to the study “Epidemiology of Sports Injuries Among High School Athletes in the U.S.,” there were 5,228,791 sports injuries reported nationwide.

Technological Advancements Fueling the Market

Technological developments have a major impact on the global arthroscopy devices market. Important advancements including improved surgical instruments and high-definition imaging have significantly raised the calibre and effectiveness of arthroscopic procedures. These developments enable surgeons to do operations with increased accuracy and less invasiveness, improving patient outcomes and reducing recovery times. As a result, there is an increased need for these advanced medical gadgets. By expanding the range of minimally invasive orthopaedic procedures, ongoing technical advancements in this industry, such as 3D imaging and robotic assistance during surgeries, continue to support the growth of global arthroscopy devices market.

For example, in January 2024, TheNanoExperience.com, which is a new patient-focused resource from Arthrex, a leader in minimally invasive surgical technology and surgical skills education, was launched. It highlights the science and advantages of Nano arthroscopy, a cutting-edge, minimally invasive orthopaedic procedure that may enable a speedy return to activity and less pain.

Growing Demand of Arthroscopy Devices for Surgical Procedures

The growing use of arthroscopy devices in surgical operations is driving a significant expansion in the global market. As a less invasive surgical technique, arthroscopy has gained popularity in diagnosing and treating joint issues, particularly those affecting the knees, shoulders, and hips. This preference is explained by the many benefits of arthroscopy over open operations, including fewer surgical incisions, less pain, a lower risk of complications, and a quicker recovery. The need for arthroscopic procedures has increased due to an increase in age-related joint disorders, sports-related injuries, and an ageing population. The global arthroscopy devices market is expanding due to the increasing use of arthroscopy devices in medical operations, fueled by the growing demand.

The launch of Integrated Endoscopy’s second generation NUVIS Single-Use Arthroscope, a first-of-its-kind 4K endoscope intended for use in arthroscopic surgical procedures, was announced in December 2022. Integrated Endoscopy is a medical device company leading the development of 4K, low-cost, single-use endoscopes for the arthroscopic surgery market.

Growing popularity of Radio-Frequency Ablation Systems

The growing need for radio-frequency ablation (RFA) systems is propelling the growth of the global arthroscopy devices market. RFA systems are increasingly used in arthroscopic procedures, particularly for treating chronic joint pain. RFA systems use thermal energy to target and impair nerve activity, lowering pain. The necessity for effective pain treatment approaches has increased due to the rising prevalence of joint problems, sports-related injuries, and an aging population. One important answer to this problem is the use of RFA systems. RFA treatments are becoming increasingly common because of their efficiency, safety record, and ability to hasten recovery. This, in turn, is driving the demand for arthroscopy equipment.

For example, NeuroOne’s radiofrequency ablation system was approved by the US Food and Drug Administration (FDA) in December 2023. The firm plans to launch the device in the first half of 2024.

With the 510(k) clearance, neurosurgeons can now utilize the OneRF device on patients who require nerve tissue lesions for functional neurosurgery procedures.

North America Dominates the Market

Due to several important considerations, North America holds a dominant position in the global arthroscopy devices market. The area has a large senior population that is susceptible to joint illnesses like arthritis and has a high rate of sports-related injuries, which raises the need for arthroscopic procedures. Furthermore, many well-known medical device manufacturers who create and produce state-of-the-art arthroscopy equipment are based in North America, particularly in the United States. The region’s sophisticated medical technology is easier to adopt due to its well-developed healthcare infrastructure, high healthcare spending, and accommodating reimbursement rules. The need for arthroscopy equipment is further increased by focusing on minimally invasive surgical methods in North American medical practice.

For example, following this year’s first-in-human surgery, Pristine Surgical, a New Hampshire-based medical device company, introduced Summit 4K, a single-use surgical arthroscope, in US facilities in November 2023. After the FDA 510(K) authorized device was deployed for the first time at the Southern California Orthopaedic Institute in April, it was fully released onto the US market.

Future Market Scenario (2024–2031F)

• Ongoing advancements in arthroscopic equipment technology are improving the accuracy and efficacy of arthroscopic procedures. This includes enhanced imaging systems, more compact and pliable devices, and cutting-edge materials.
• The global arthroscopy devices market is being further driven by the growing popularity of arthroscopy, a less invasive surgery, for diagnosing and treating joint problems.
• Changes in health insurance payment rules and government laws may have a major impact on the market, affecting the accessibility and use of arthroscopy-based treatments.
• The global arthroscopy devices market may also encounter obstacles, including the high cost of implants and arthroscopic procedures, which put patients at a financial disadvantage, particularly in areas with low healthcare resources.

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