MCP-3305: ARTHROSCOPES – A GLOBAL STRATEGIC BUSINESS REPORT

Arthroscopes Market to Reach $2.4 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

Continuous medical technological innovations, growing inclination towards minimally invasive surgeries, and a sharp rise in aging worldwide population continue to support the arthroscopy equipment and accessories market. Global market for arthroscopes is projected to reach $2.4 billion by 2010.

San Jose, California (PRWEB), April 22, 2008 -- Global arthroscopic procedures are on rise, owing to their mounting scope and usage in the diagnosis and treatment of ankles, elbow, wrists, and hips, apart from knees. The number of arthroscopic shoulder procedures is also expected to increase with the introduction of advanced knotless fixation systems. Growth in the US market is mainly driven by the use of arthroscopic procedures for examination and cure of orthopedic problems. Asia-Pacific and Latin American countries are anticipated to be the hub of future market growth, as progressively large amount of funds are allocated for the development of healthcare infrastructure in these countries.

The arthroscopy market is driven by increased utilization in sports-related injuries, as majority of orthopedic surgeons find arthroscopic surgeries to be less risky. Advancements in endoscopes, fluid management systems, cameras, powered instruments, displays, and hand tools are encouraging surgeons to prefer the use of arthroscopic devices to open procedures. Arthroscopes market is mainly concentrated in three regions including United States, Europe, and Japan, as stated by Global Industry Analysts, Inc. The three regions account for more than 85% of the global market for arthroscopy. Asia-Pacific and Latin America, with CAGRs of 11% and 9.5% respectively, constitute the two fastest growing markets during the period 2001-2010.

Globally, Visualization Instruments represent the largest as well as the fastest growing segment. In United States, visualization instruments market is projected to reach $515 million by 2010. resection instruments market in Japan is estimated at $83 million in 2008.

France, Germany, Italy, and UK account for more than 70% of the arthroscopy market in Europe. Economic growth, corresponding increase in living standard, and aging population would continue to create a greater demand for better healthcare facilities in the Asia-Pacific region. access instruments market in the region is estimated at $24 million for 2008.

Worldwide arthroscopy equipment and accessories market is dominated by Smith & Nephew. Rest of the market presents an extremely fragmented scenario, and involves the presence of numerous players from Europe and United States. Major players operating in the global arthroscopes market include Arthrex, ArthroCare Corp, Biomet, CONMED Corp, Davol Inc., DePuy Inc., Precision Optics Corporation, Smith & Nephew, Stryker Corp, and Zimmer Holdings.

The report titled “Arthroscopes: A Global Strategic Business Report” published by Global Industry Analysts, Inc., analyzes the market over the period 2001-2015, while historic analytics provide an overview of the market’s performance in the past (1991-2000). The study highlights enhanced demand for resorbable technologies, and increased use of arthroscopic devices for sports-related injuries. Analysis is presented for United States, Canada, Japan, Europe, Asia-Pacific and Latin America.

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