The Arthroscopic Devices Market is destined to reach US $10 Billion at a CAGR of 6% between 2019 to 2029. The healthcare vertical is moving the gadget-way. The current scenario is such that one need not make appointments for weeks/months for being treated. The real-time diagnosis and course of treatment could be possible. This simultaneous monitoring and treatment are bound to take the healthcare industry by storm in the next 10 years.
Prominently driven by the increasing adoption in knee osteoarthritis, the global arthroscopic devices market is recently witnessing introduction of smaller and technologically advanced arthroscopic devices that have updated optics to match the capabilities of the latest HD systems. This will significantly benefit the growth of the global arthroscopic devices market over the course of following decade.
Integrated Endoscopy, a U.S-based medical devices company, recently launched its FDA-approved arthroscope NUVIS® with advanced optical design and high-definition visualization features.
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This unique and battery operated arthroscopic device will effectively resolve the safety and sterility issues of reusable traditional arthroscopes, thereby creating multiple opportunities in the arthroscopic devices market.
Global sales of arthroscopic devices will surpass the market value of US$ 10 Bn by the end of 2029. As indicated by a new Persistence Market Research (PMR) study, arthroscopic devices market is set for a promising CAGR over the course of 2019 – 2029.
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Key Takeaways – Arthroscopic Devices Market Study
Technological advancements such as advanced visualization and improved suturing techniques in arthroscopic devices will result in a market flourishing with ample growth opportunities, providing scope for a competitive advantage to market players in terms of innovation.
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Who Is Winning?
The arthroscopic devices market report tracks the key market players, which include Arthrex, Inc., Johnson & Johnson, Smith & Nephew Plc., CONMED Corporation, Olympus Corporation, KARL STORZ SE & Co. KG, Stryker Corporation, Richard Wolf GmbH, and others. Leading manufacturers of arthroscopic devices are focusing on collaborations with different organizations to enhance their arthroscopic devices product portfolio especially in sports medicine.
Learn More About the Report Inclusions
Persistence Market Research offers a unique perspective and actionable insights on arthroscopic devices market in its latest study, presenting historical demand assessment from 2014 – 2018 and projections from 2019 – 2029 on the basis of arthroscopic devices product type (arthroscope and arthroscopic systems, arthroscopic shavers, arthroscopy implants, arthroscopy radio frequency systems and wands), and arthroscopic devices end user (hospitals, ambulatory surgical centers, orthopedic clinics) in five key regions.
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