The global arthroscopy devices market size was US$ 19 billion in 2021. The global arthroscopy devices market is forecast to grow to US$ 40.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030. 

An arthroscope is used in the healthcare segment to visualize, examine, and execute therapeutic interventions inside the body joints. It is also used to examine bone joints for specific conditions, including bone tumours, osteoarthritis, rheumatoid arthritis, tendinitis, etc. 

Factors Influencing the Market

• The global arthroscopy devices market is primarily driven by the rising prevalence of musculoskeletal disorders. 
• The increasing rate of geriatric population and growing sports activities leading to injuries will fuel the growth of the global arthroscopy devices market. 
• The rising demand for improved designs will boost the growth of the global arthroscopy devices market. 
• Growing healthcare expenditure on healthcare facilities, majorly in emerging economies, will contribute to the growth of the global arthroscopy devices market. According to a study by India Brand Equity Foundation, the Indian hospital industry is projected to grow from US$ 61.79 billion in FY17 to US$ 132.84 billion in FY22. Thus, the growth of the hospital industry will drive the arthroscopy devices market forward. 

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic has negatively affected the global arthroscopy devices market. Sports activities were all halted due to the pandemic. Thus, the cases related to sports injury reduced drastically. In addition, various challenges related to trade, economy, and finance have negatively impacted the global arthroscopy devices market. The COVID-19 pandemic also upsurged the demand for extraordinary government healthcare facilities, which is expected to benefit the arthroscopy devices market during the analysis period. 

Regional Analysis

North America is forecast to dominate the arthroscopy devices market during the forecast period. It is due to the growing range of arthroscopies performed in the region. In addition, the continuously rising advancements in arthroscopy products and penetration of advanced technology will benefit the market. Highly active research ecosystem of the region will also contribute to the growth of the arthroscopy devices market. Furthermore, the growing interest of youth in sports activities will ultimately upsurge the cases of sports injuries in North America. As a result, it will drive the arthroscopy devices market forward. 

Leading Competitors

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

Scope of the Report

The global arthroscopy devices market segmentation focuses on Type, Application, and Region. 

By Type

• Arthroscopes
• Arthroscopic Implants
• Fluid management systems
• Radiofrequency systems
• Visualization systems
• Powered Shavers
• Others

By Application

• Knee Arthroscopy
• Hip arthroscopy
• Shoulder and elbow arthroscopy
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America