North America Arthroscopes Market
- Report Code: AR 1003
- Publish Date: Upcoming
An arthroscopy is a minimally invasive surgical procedure that is commonly used for the evaluation of knees and shoulders, but can also be used to examine and treat conditions of the wrist, ankle, and elbow. An arthroscopy is performed using an instrument called the arthroscope, which is essentially an endoscope with a tube length ranging from 110 mm to 187.5 mm. The tube has a camera attached and is inserted into a joint, through a small incision, for the examination and treatment of damaged interior joints.
North America accounts for the largest share of the arthroscope device market globally in 2013. The market value was pegged at $204.5 million in 2012 and is expected to grow at a CAGR of 6.9% from 2013 to 2018.
Rising awareness of sports coupled with growing indulgence in outdoor activities of youngsters as well as aging population has led to increase in incidence of sports injuries, this has significantly increased the demand for the use of arthroscopes in North America (U.S., Canada, and Mexico). Minimally invasive procedures are rapidly replacing open surgeries as a result of technological innovations. Developments in visualization and monitoring equipment like arthroscopic devices for instance, have facilitated greater precision in joint and spinal surgeries by providing better image quality. For instance, the development of arthroscopes has not only lessened the size of surgical incisions required in a typical joint replacement or spinal fusion surgery, but has also dramatically reduced post-operative recovery time and hospital stays.
The rapid increase in the aging population in North America holds high potential for growth of this market. Increasing use of these devices in joint replacement and spinal surgeries across North America has helped this segment in North America to maintain the top position globally. Companies are profoundly investing on R&D to come up with innovative products that are user friendly for the physicians. Moreover, to retain their market position companies are coming up innovative marketing strategies such as cross selling of arthroscopic products along with other orthopedic procedures.
Some of the arthroscopes available in the market are Karl Storz 7210 CA ( Karl Storz GmbH & Co.), PENTEX ES 3870K SCOPE (Pentax Medical Company), and Olympus Arthroscope 2.7mm (Olympus Medical System Corporation).
The market is segmented and forecasted on the basis of major countries, such as, U.S., Canada, and Mexico. The report provides an extensive competitive landscaping of companies operating in this market. The key players of the market covered in the report are Olympus Medical Systems Corporation, Karl Storz, Covidien Plc, Richard Wolf, Stryker Corporation, Pentax Medical Company. This report also includes the market share, value chain analysis, and market metrics such as drivers, restraints and upcoming opportunities in the market.
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North American Rigid Endoscopes Market The North American Rigid Endoscopes Market is mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures. It was pegged at $1.03billion in 2013 and expected to be $1.41 billion by 2018, growing at a CAGR of 6.5%. The Endoscopes Market analyzes the market segments such as Laparoscope, Arthroscope, Cystoscope, Urology Endoscope, Gynecology Endoscope, Neuroendoscope, Other Rigid Endoscopes. The prominent players are Stryker Corporation, Ethicon Endo-Surgery, Inc, Olympus Corporation, Covidien Plc, Boston Scientific, Arthrex, Inc., Smiths Group, Aesculap, Inc, Karl Storz, ConMed, Richard Wolf GmbH, HOYA CORPORATION and Fujifilm Holdings Corporation. |
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European Rigid Endoscopes Market The European Rigid Endoscopes Market is mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures. It was pegged at $0.66 billion in 2013 and expected to be $0.86 billion by 2018, growing at a CAGR of 5.4%. The Endoscopes Market analyzes the market segments such as Laparoscope, Arthroscope, Cystoscope, Urology Endoscope, Gynecology Endoscope, Neuroendoscope, Other Rigid Endoscopes. The prominent players are Stryker Corporation, Ethicon Endo-Surgery, Inc, Olympus Corporation, Covidien Plc, Boston Scientific, Arthrex, Inc., Smiths Group, Aesculap, Inc, Karl Storz, ConMed, Richard Wolf GmbH, HOYA CORPORATION and Fujifilm Holdings Corporation. |
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Asian Rigid Endoscopes Market The Asian Rigid Endoscopes Market is mainly driven by favorable reimbursements in select geographies, growing aging population, and increasing prevalence/incidence of diseases requiring endoscopy procedures. It was pegged at $0.61 billion in 2013 and expected to be $0.86 billion by 2018, growing at a CAGR of 7.2%. The Endoscopes Market analyzes the market segments such as Laparoscope, Arthroscope, Cystoscope, Urology Endoscope, Gynecology Endoscope, Neuroendoscope, Other Rigid Endoscopes. The prominent players are Stryker Corporation, Ethicon Endo-Surgery, Inc, Olympus Corporation, Covidien Plc, Boston Scientific, Arthrex, Inc., Smiths Group, Aesculap, Inc, Karl Storz, ConMed, Richard Wolf GmbH, HOYA CORPORATION and Fujifilm Holdings Corporation. |
Upcoming |
