The global market for arthroscopy devices is expected to grow from USD 25.03 billion in 2024 to USD 27.16 billion in 2025, with projections reaching approximately USD 56.75 billion by 2034. This growth reflects a compound annual growth rate (CAGR) of 8.53% from 2024 to 2034.
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Arthroscopy Devices Market: Understanding Joint Treatment
Arthroscopy is a medical procedure used to diagnose and treat various joint problems that often cause pain, instability, or dysfunction. Common arthroscopic devices include tools for creating access points, camera systems, monitors, motorized instruments, irrigation and suction systems, probes, and graspers. These devices are used to treat joint issues in areas like the knee, shoulder, elbow, hip, wrist, and ankle. Arthroscopy can address conditions such as loose bone fragments, torn cartilage, inflamed joint linings, damaged ligaments, and joint scarring.
The rise in joint-related disorders has led to more surgical treatments, driving market growth. The aging population, which is more prone to joint problems, and an increase in sports-related injuries, are also contributing factors. For instance, in 2023, around 3.7 million people were treated for sports injuries related to activities like cycling and basketball. Additionally, advancements in medical technology and investments from both government and private sectors are boosting the development of arthroscopic devices. The global expansion of healthcare infrastructure is also playing a key role in this growth.
Arthroscopy Devices Market Trends
- In November 2024, Johnson & Johnson MedTech entered into an exclusive distribution agreement with Responsive Arthroscopy Inc. in the US to enhance its soft tissue product offerings, addressing the increasing demand for advanced solutions.
- In May 2024, global investment firm KKR acquired Healthium Medtech, a medical device company, with funds from Apax Partners LLP.
- In July 2023, Inovedis received US FDA approval for its new SINEFIX implant system, designed for rotator cuff tear repairs, helping to reattach the rotator cuff tendon to the bone.
The Role of AI in Advancing Arthroscopy Devices
Artificial intelligence (AI) is transforming the healthcare industry, and its use in orthopedic surgeries shows great promise. Researchers are exploring how AI and machine learning (ML) can improve the outcomes of arthroscopic surgeries. AI can analyze imaging data from arthroscopic procedures to help make more accurate diagnostic decisions, reducing human error. It can also predict postoperative complications and outcomes, supporting rehabilitation efforts. Additionally, robotic-assisted arthroscopy, enhanced by AI, is enabling greater precision and dexterity during surgeries. AI is also improving training for healthcare professionals and enhancing surgical accuracy. In hospitals, AI can streamline administrative tasks like documentation and billing, reducing the workload for staff. Although the potential of AI in arthroscopy is vast, more research is needed to fully realize its benefits.
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