Arthroscopic Implants Market Outlook 2027 | Changing the Face of Medical Devices Industry
Pune, Maharashtra, India, February 24 2021 (Wiredrelease) Allied Analytics –:The global market size of Arthroscopic Implants is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027.
Arthroscopic implants are used in arthroscopy-based surgical procedures to reconstruct ruptured joints. These implants are designed to fit well and requires less or no additional bending, and are helpful for diaphyseal/metaphyseal reduction. Introduction of biodegradable implants and the demand for arthroscopic implants in internal tissue repair, bone grafting, fixation of joints, and glenoid reconstruction have boosted the market growth.
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In addition, arthroscopic implants have witnessed a wide adoption in arthroscopic procedures, owing to the availability of smart & customized implants, which further offers lucrative opportunities for market growth. The key factors that drive the market growth include rise in demand for minimally invasive procedures, increase in number of sports related injuries, and growth in geriatric population. However, lack of skilled professionals limits the market growth.
1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
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The global arthroscopic implants market is segmented on the basis of product, application, and geography.
Based on product, it is classified into knee implants, hip implants, shoulder implants, and other arthroscopic implants.
Based on application, it is categorized into knee arthroscopy, hip arthroscopy, spine arthroscopy, foot & ankle arthroscopy, shoulder & elbow arthroscopy, and other arthroscopy applications.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The Major Key Players Are:
Arthrex, Inc., Conmed Corporation, Johnson & Johnson (Biosense Webster, Inc.), Karl Storz Gmbh & Co, Medtronic Plc., Richard Wolf Gmbh, Smith & Nephew Plc., Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc.
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Key Market Benefits:
• The study provides an in-depth analysis of the global arthroscopic implants market, with current trends and future estimations to elucidate the imminent investment pockets.
• It presents a quantitative analysis from 2020 to 2027 to enable the stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the market by product type assists in understanding the availability of various forms of arthroscopic implants.
• Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.
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