Keyhole Orthopaedic Surgery Market is expected to rise at 6% to 7% value CAGR by 2032
By the end of 2032, the global keyhole orthopaedic surgery industry is estimated to earn more than $8 billion in incremental revenue. The keyhole orthopaedic surgery market is expected to approach US$ 5.5 billion by 2022, with a CAGR of 6% to 7% between 2022 and 2032.
Keyhole orthopaedic surgery is a minimally invasive treatment that surgically examines and fixes bone, cartilage, and ligament injuries. Keyhole orthopaedic surgery is inserting a tiny tube with a camera at one end into a joint through a small hole in the skin. Hence, the pictures produced by the arthroscope assist the surgeon in assessing joint damage and inserting surgical tools at the appropriate place without requiring open surgery.
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Keyhole Orthopaedic Surgery: Market Dynamics
Keyhole orthopaedic surgery appears to be growing in the market due to an ageing and obese population, as well as advancements in newest technologies, which will drive the worldwide keyhole orthopaedic surgery market. Keyhole orthopaedic surgery has grown in favour among physicians because to its minimal risk of infection and reduced pain for patients. Aside from that, keyhole orthopaedic surgery has a much faster recovery time and leaves fewer scars, which will drive the worldwide keyhole orthopaedic surgery market.
Furthermore, keyhole orthopaedic surgery minimises length of stay and blood loss after surgery, which has fueled the expansion of the keyhole orthopaedic surgery market. However, the high cost of equipment and treatment may limit the growth of keyhole orthopaedic surgery. Also, competent specialists are required to perform such minimally invasive surgery, which may impede the growth of the keyhole orthopaedic surgery market. Furthermore, post-operative complications are expected to stymie the expansion of the keyhole orthopaedic surgery market.
Keyhole Orthopaedic Surgery Market: Overview
Keyhole orthopaedic surgery is projected to drive market growth. Increased orthopaedic surgeries are expected to predict market expansion. Many new tools for keyhole orthopaedic surgery have been introduced to the market as technology has advanced.
Stryker, for example, launched four visualisation technologies for keyhole orthopaedic surgery in March 2019 in order to improve patient efficiency and outcomes, including HipCheck, 1688 AIM 4K Platform, and others. Keyhole orthopaedic surgery has gained appeal in the market due to the fact that it is connected with reduced discomfort and producing efficient results with minimum skin scars. With the use of arthroscopy, the surgeon is able to spot the damage in the joint, reducing treatment time while also providing appropriate treatment. As a result, all of these factors are projected to contribute significantly to the growth of the keyhole orthopaedic surgery market.
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Keyhole Orthopaedic Surgery: Region-wise Outlook
The global urological imaging system market is divided into seven primary regions based on geography: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. North America is expected to represent the greatest proportion of the keyhole orthopaedic surgery market due to rising demand for minimally invasive surgeries and an ageing population, which is expected to drive the total keyhole orthopaedic surgery market.
Europe’s keyhole orthopaedic surgery market is expected to increase rapidly because to advances in osteology and the adoption of new instruments and procedures. Due to rising healthcare expenditure and need for novel treatments, Asia Pacific has the potential to stimulate the growth of the keyhole orthopaedic surgery market. Because of its elderly population and improved healthcare infrastructure, Japan has the potential to expand the entire keyhole orthopaedic surgery market. Because of a lack of competent healthcare facilities and a lack of understanding about innovative treatments, the Middle East and Africa have less of an impact on the total keyhole orthopaedic surgery industry.
Keyhole Orthopaedic Surgery Market: Key Players
Some of the key players present across the value chain of the global keyhole orthopaedic surgery market are Stryker Corp., Surgical Holdings, Geister Medizintechnik GmbH, STI Laser Industries, Ltd, Zimmer Biomet, DePuy Synthes, Smith & Nephew, DJO Global, Medtronic Spinal, Integra Lifesciences, Globus Medical, NuVasive Inc., Wright Medical.
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Keyhole Orthopaedic Surgery Market: Segmentation
The global urology imaging systems market is segmented by indication and end user.
Segmentation by Indication
- Torn meniscus
- Torn or damaged cruciate ligament
- Inflamed synovial tissue
- Torn pieces of articular cartilage
- Misalignment of patella
- Baker’s cyst
Segmentation by End User
- Orthopaedics Clinics
- Ambulatory Surgical Centers
- Diagnostics Centers
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