Arthroscopic Shaver Market is Anticipated to Grow US$ 600 Mn by 2026
Global
arthroscopic shaver market will ride on a steady 5.5% CAGR during the
forecast period, 2017 to 2026, according to a new report delivered by
Persistence Market Research (PMR). The report estimates revenues from
worldwide sales of arthroscopic shaver to exceed US$ 600 Mn by 2026-end.
Development of Arthroscopic Shaver Complemented Versatility of Arthroscopic Procedures
The
geriatric and obese populations are observed to be increasingly prone
to degenerative disorders such as rheumatoid arthritis, trauma injuries,
and osteoarthritis. Shoulder and knee arthroscopies are commonly
performed procedures among these populations, which in turn fuel
adoption of arthroscopic instruments such as shavers. Owing to the
minimally invasive nature of arthroscopic procedures have gained
attraction of patients to under these procedures, as they provide
benefits such as shorter hospital stay & recovery time, and lower
post-surgical complications. Development of arthroscopic shaver systems
has complemented the versatility of arthroscopic surgeries. Majority of
arthroscopic shaver systems are being equipped with a window lock, which
helps in keeping the joints bloated between bouts of shaving, which
have increased the efficiency of procedures.
Report overview @ https://www.persistencemarketresearch.com/market-research/arthroscopic-shaver-market.asp
A
number of innovations have been made in arthroscopic shavers such as
systems with the capability of sensing the type of shaver blade
integrated in the connected handpiece. These arthroscopic shaver systems
automatically set the speed of shaver blade on the basis of a preset
program. Arthroscopic shavers have become an integral part of the
routine arthroscopic work, in terms of both therapeutic work and
improving visualization. However, shortage of skilled professionals with
sound knowledge about their specific function remains a major challenge
inhibiting the market expansion.
Latin America to Remain Fastest Expanding Market for Arthroscopic Shaver
Latin
America is expected to remain the fastest expanding market for
arthroscopic shaver, followed by Asia-Pacific excluding Japan (APEJ).
Revenues from these two markets are poised to exceed US$ 200 Mn by
2026-end. Europe and North America will remain the largest markets for
arthroscopic shaver, in terms of revenues. Latin America is also
projected to account for a major portion of the market’s revenue share
during 2017 to 2026.
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Shaver
handpieces are anticipated to remain the top-selling as well as the
fast-selling product in the market. Control system are also expected to
remain a lucrative product in the market, however their sales will
register the lowest CAGR through 2026. In addition, sales of
arthroscopic shaver accessories will register a relatively higher CAGR
than that of control system through 2026.
Hospitals to Remain Largest End-Users of Arthroscopic Shaver
Hospitals
will continue to be the largest end-users of arthroscopic shaver,
followed by ambulatory surgical centers. However, orthopedic clinics
will register a comparatively faster expansion in the market through
2026.
Although
revenues from arthroscopic shaver sales for application in shoulder
repair currently accounts for relatively lower share of the market, this
application segment will witness a robust expansion through 2026. Sales
of arthroscopic shaver for application in knee repair and hip repair
will exhibit a relatively lower CAGR than that in shoulder repair,
however these two application segments will account for higher revenue
shares of the market during 2017 to 2026.
Regional & Local Vendors Offering Application-specific Products for a Wide Range of End-Users
Presence
of numerous international, local, and regional vendors has made the
global arthroscopic shaver market to be highly fragmented in nature.
M&A activities and technological innovations are key strategies
being adopted by market players, which in turn will increase the level
of competition in the market. Several regional and local vendors are
concentrating on offering application-specific products for a wide range
of end-users. New market entrants however are finding it challenging to
cope up with well-established international players in terms of
technological innovations, product reliability, and quality. Key market
players identified by PMR’s report include Zimmer Biomet, DePuy Synthes
Mitek Sports Medicine, Smith & Nephew, Stryker Corporation, CONMED
Corporation, Arthrex, Inc., and Karl Storz GmbH.
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