Global Arthroscopy Market size and share is currently valued at USD 6.33 billion in 2024 and is anticipated to generate an estimated revenue of USD 9.10 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Market Overview
Arthroscopy, a minimally invasive surgical procedure used to diagnose and treat joint conditions, has gained prominence due to its advantages over traditional open surgeries, including reduced recovery times and minimized surgical trauma. The increasing prevalence of osteoarthritis and sports-related injuries, coupled with advancements in arthroscopic technologies, are primary drivers of market growth.
The aging global population further contributes to market expansion, as older individuals are more susceptible to joint disorders necessitating arthroscopic interventions. According to the World Health Organization, the population aged 60 and above is expected to reach 1.4 billion by 2030, underscoring the growing demand for arthroscopic procedures.
Market Segmentation
By Product:
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Arthroscope Implants: Represented the largest revenue-generating segment in 2024, attributed to their widespread use in joint reconstruction surgeries.
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Visualization Systems: Projected to be the fastest-growing segment, with a CAGR of 5.2% over the forecast period, driven by the need for enhanced imaging in surgical procedures.
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Other Products: Including power shaver systems, fluid management systems, ablation systems, and accessories and disposables, all contributing to comprehensive arthroscopic solutions.
By Application:
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Knee Arthroscopy: Accounted for the largest market share in 2024, due to the high incidence of knee-related injuries and disorders.
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Shoulder Arthroscopy: The second-largest segment, with approximately 1.4 million procedures performed globally each year.
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Other Applications: Including hip, elbow, foot & ankle, hand & wrist, and sports injuries, reflecting the diverse utility of arthroscopic techniques across various joints.
Regional Analysis
North America:
Dominated the market with a 45.9% share in 2022, driven by advanced healthcare infrastructure, high adoption rates of arthroscopic procedures, and the presence of key market players.
Europe:
Held the second-largest market share, with significant contributions from countries like Germany, France, and the UK. The region’s well-established healthcare systems and high prevalence of joint-related disorders support market growth.
Asia Pacific:
Expected to witness the highest growth rate, with a projected CAGR of 7.5% through 2032. Factors such as increasing healthcare expenditure, rising awareness of minimally invasive surgeries, and improving healthcare infrastructure in countries like China, India, and Japan contribute to this growth.
Latin America and Middle East & Africa:
These regions are gradually adopting arthroscopic procedures, with growth supported by improving healthcare systems and increasing awareness of advanced surgical techniques.
Key Companies
Several key players are actively contributing to the growth of the arthroscopy market through product innovations, strategic partnerships, and mergers and acquisitions:
- Conmed Corporation
- Zimmer Biomet
- Henke Sass Wolf GmbH
- Johnson & Johnson
- Karl storz GmbH & Co. KG
- Arthrex, Inc.
- Richard Wolf GmbH
- Smith + Nephew
- Medtronic
- Stryker
Explore More:
https://www.polarismarketresearch.com/industry-analysis/arthroscopy-market
Recent Developments
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In March 2023, Zimmer Biomet announced plans to unveil ZBEdge, an integrated software platform combining digital and robotic technologies to enhance surgical efficiency and patient outcomes.
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In March 2023, Smith & Nephew introduced “Precise in Motion,” an AI-driven arthroscopy solution aimed at personalizing surgeries and optimizing performance.
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In January 2023, Arthrex, Inc. received FDA clearance for their Tightrope device, the only product approved for pediatric anterior cruciate ligament (ACL) surgery.
Conclusion
The arthroscopy market is set for robust growth, fueled by technological advancements, an aging population, and increasing demand for minimally invasive surgical procedures. With ongoing research and strategic initiatives by key players, the market is poised to offer improved therapeutic options for patients worldwide.
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