Arthroscopy is a minimally invasive procedure used to visualize the internal structure of a joint. The procedure is conducted with the help of imaging equipment such as endoscopes. Arthroscopy is usually performed on knee and shoulder joints; however, others joints such as wrist, ankle, or hip joints can also be examined with the help of this procedure. Arthroscopy is also beneficial for diagnosing various joint diseases such as tuberculosis, joint infections, and bone tumors. The global arthroscopic implants market is projected to expand at a considerable pace during the forecast period owing to the increase in volume of knee and shoulder arthroscopy procedures and evolution in hip arthroscopy technology.
Increase in demand for arthroscopic implants as an alternative treatment as opposed to complete joint replacement is a key factor driving the arthroscopy implants market. Arthroscopic implants consists of various instruments such as meniscal reconstruction systems, graft harvesting devices, tunnel preparation devices, positioning devices, bioabsorbable/ metal implants, and other accessories. Types of screws and reconstruction systems vary depending on the joint involved. For instance, shoulder joints requires implants such as rotator cuff fixation devices, biceps tendon repair system, and elbow joint positioners.
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Arthroscopy is expected to be the largest market owing to its less invasive nature as compared to traditional techniques such as joint reconstruction, ACL repair, or rotator cuff repair. The arthroscopy implants market is primarily driven by the rise in the global geriatric population, changes in lifestyle, and growing awareness of sports and outdoor activities among the older as well as younger generation. The geriatric and obese populations are highly prone to degenerative diseases such as osteoarthritis, rheumatoid arthritis, and other trauma injuries. Knee and shoulder arthroscopies are the most common procedures performed across the world in this class of surgeries.
Key players in the global arthroscopy implants market include Smith & Nephew, Stryker Corporation, Arthrex, DePuy Synthes, and Conmed Corporation.