The global arthroscopy instruments market is expected to hold a significant market share during the forecast period.
Market overview
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Report Metric
Details
Study Period
2021 to 2031
Historical Data
2021 to 2024
Base Year
2025
Forecast Period
2026 – 2031
The increase in the prevalence of musculoskeletal disorders due to the growing aging global population and increasing sports injuries works as the prime factor to drive the demand in the market. Moreover increasing demand for minimally invasive procedures also works as a driving factor for the market. But the high cost of the Arthroscopy instrument acts as a restraint for the growth of the market. Arthroscopy is a type of minimally invasive surgical procedure which is performed where a test or even treatment is carried out through an endoscope or an arthroscope. These procedures need several instruments to assist in the entire surgical procedures and such instruments are known as arthroscopy instruments.
Key market drivers
In recent years, the orthopedics industry has seen so many mergers, advanced product launches, and major private equity transactions and is fuelling the growth of the Arthroscopy Instruments Market.
The advent of COVID-19 had an adverse impact on the arthroscopy instruments market given the rise in the cases from the disease which encouraged the patients to stay at home resulting in a severe decline in the number of arthroscopic surgeries occurring during the year. Moreover, the movement of the citizens was restricted which resulted in a decline in the number of accidents and other such incidences. As the world resumes activities, the sector is expected to recover and the usual treatments will resume. Moreover, the upcoming sporting events lined up, and the gradual increase in the number of participants every year has increased the probability of such accidents. The market is, thus, anticipated to witness substantial growth during the forecast period.
Segmentation