Navigation Links
Arthroscopy Devices Market is Expected to Reach USD 5.1 Billion Globally in 2019: Transparency Market Research
Date:11/18/2013

NEW YORK, November 18, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Arthroscopy Devices Market (Arthroscopes, Arthroscopy Shavers, Arthroscopy RF systems, Arthroscopy Visualization Systems, Arthroscopy Implants, Arthroscopy Fluid Management Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global arthroscopy devices market was valued at USD 3.3 billion in 2012 and is expected to grow at a CAGR of 6.0% from 2013 to 2019, to reach an estimated value of USD 5.1 billion in 2019.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/arthroscopy-devices-market.html

Rising awareness of sports coupled withgrowing indulgence in outdoor activities of youngsters as well as ageing population has led to increase in incidence of sports injuries. Moreover, rise in ageing and obese population has concurrently led to increase in prevalence of musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, bone tumor and others. All the aforementioned factors are responsible for fuelling the growth of arthroscopic procedures, resulting in overall growth of arthroscopic devices market.

Lack of reimbursement and unfavorable taxation policies of the U.S. and European governments have negatively affected the growth of this market. Cost containment for healthcare sector with introduction of Patient Protection and Affordable Healthcare Act in the U.S. are expected to be the major impediments for growth of arthroscopic devices market. The European region still grappling with Euro crisis is expected to have the slowest growth during the forecast period. The OEMs are now struggling to remedy their balance sheets through expansions in emerging economies such as India, China and Brazil. Rising disposable income, growing awareness of sports and favorable government policies has boosted the total growth of this market. Companies are profoundly investing on R&D to come up with innovative products that are user friendly for the physicians. Moreover, to retain their market position companies are coming up innovative marketing strategies such as cross selling of arthroscopic products along with other orthopedic procedures. In addition, few companies are also providing rental services of their arthroscopic devices to various hospitals to gain cost arbitrage. For instance, Conmed has initiated a rental program for small hospitals that have not been able to justify high costs of the arthroscopes.

The arthroscopy devices market was valued to be USD 3.3 billion in year 2012 and is expected to grow at a growth rate of 6.0% from 2013 to 2019. The arthroscopic visualization system market is expected to grow at the highest growth rate of approximately more that 9% from 2013 to 2019. This growth has been attributed to demand for high-tech devices such as videos and better quality pictures not only for physicians but also for patients.

Geographically the North American market accounted for the largest share of arthroscopy devices and was valued to be more than USD 1.5 million in 2012. However, Asian countries namely India and China are witnessing fast growth and are predicted to emerge as dominating markets in the near future. A rise in disposable incomes in these countries has boosted the confidence of OEMs towards these regions. Moreover investment friendly environment and low taxation is also encouraging the growth in these regions.

The indomitable players of this market are Smith & Nephew, Conmed, Arthrex, Depuy Synthes and Stryker. Recently, Arthrex launched a new web-based software platform, which further expands the functionality of its existing SynergyHD3 endoscopic visualization system to provide unique and powerful set of tools to increase surgeon and OR efficiency, reduce growing infrastructure costs and enhance patient satisfaction.

Related & Recently Published Reports by Transparency Market Research

The arthroscopy devices market is segmented as follows:

Arthroscopy Devices Market, By Types

  • Arthroscopes
  • Arthroscopy Shavers
  • Arthroscopy Fluid Management System
  • Arthroscopy Radiofrequency System
  • Arthroscopy Visualization System
  • Arthroscopy Implants
    • Knee
    • Shoulder
    • Hip
    • Others

Arthroscopy Devices Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Browse all Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Web: http://www.transparencymarketresearch.com/
Blog: http://www.tmrblog.com/
Blog: http://udallas.academia.edu/transparencymarketresearch/


'/>"/>
SOURCE Transparency Market Research
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. ResearchMoz: Ophthalmic Devices Market to 2017 - Glaucoma and Cataract Surgery Devices, Minimally Invasive Procedures in Ophthalmic Surgery to Drive the Ophthalmic Surgery Market
2. New magnetic-field-sensitive alloy could find use in novel micromechanical devices
3. Drexel expert: Efficiency metrics for energy storage devices need standardization
4. FDA Establishes New Product Codes for Interbody Devices With Integrated Fixation
5. Low-cost paper-based wireless sensor could help detect explosive devices
6. New method for enhancing thermal conductivity could cool computer chips, lasers and other devices
7. ResearchMoz: Logic Integrated Circuit (IC) Market to 2020 - Programmable Logic Devices (PLD) and Application Specific Standard Product (ASSP) Dominate with a 78% Market Share
8. Medi-Solve Coatings Develops Masking Process for Medical Devices
9. Carbon-based transistors ramp up speed and memory for mobile devices
10. Neonatal and Preterm Infants Enteral Feeding Devices Market is Expected to Reach USD 2.62 Billion Globally by 2018: Transparency Market Research
11. MarketsandMarkets: Global Spine Surgery Devices Market Worth $14.8 Billion by 2017
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... , ... March 27, 2017 , ... ... (mCRC) generally produce small, heterogeneous samples with limited tumor content in a large ... to be resolved, such as the need for reliable detection of low abundance ...
(Date:3/27/2017)... ... ... PMG Research is pleased to announce its participation in the 2nd ... Boston on April 3-4, 2017. The CTC conference focuses on how the industry is ... closer to the patient. Clinical Trial Collaborations also will present an inaugural conference on ...
(Date:3/24/2017)... MiMedx Group, Inc. (NASDAQ: MDXG), the leading ... allografts and patent-protected processes to develop and market advanced ... today  that it will present at the Needham Healthcare ... Parker H. "Pete" Petit, Chairman and CEO, Michael ... Cashman , EVP and Chief Commercialization Officer, and ...
(Date:3/24/2017)...   Sienna Biopharmaceuticals, Inc. , a privately held, ... Richard Peterson will join the company as ... who brings more than two decades of global financial ... retiring at the end of April but will continue ... Sienna from Novan, Inc., where he served as Chief ...
Breaking Biology Technology:
(Date:3/22/2017)... 2017   Neurotechnology , a provider of ... announced the release of the SentiVeillance 6.0 ... facial recognition using up to 10 surveillance, security ... The new version uses deep neural-network-based facial detection ... utilizes a Graphing Processing Unit (GPU) for enhanced ...
(Date:3/20/2017)... -- At this year,s CeBIT Chancellor Dr. Angela Merkel ... Chancellor came to the DERMALOG stand together with the Japanese Prime Minster ... country. At the largest German biometrics company the two government leaders could ... recognition as well as DERMALOGĀ“s multi-biometrics system.   ... ...
(Date:3/13/2017)... -- Future of security: Biometric Face Matching software  ... ... Face Matching enables to match face pictures against each other or against large ... Identification Systems) ... is the fastest software for biometric Face Matching on the market. The speed ...
Breaking Biology News(10 mins):