The global ”arthroscopy fluid management disposables market“ size is expected to reach USD 347.7 million by 2027, exhibiting a CAGR of 9.7% during the forecast period. The increasing number of arthroscopy procedures is expected to drive the market growth, states Fortune Business Insights, in a report, titled “Arthroscopy Fluid Management Disposables Market Size, Share & Industry Analysis, By Product (Pump Management Disposables and Gravity Management Disposables), By Application (Hospitals, Medical Centers, and Others) and Regional Forecast, 2020-2027.” The market size was USD 229.5 million in 2019.
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What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
An Overview of the Impact of COVID-19 on this Market :
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The arthroscopy fluid management disposables market accentuates:
- An in-depth analysis of the market
- Valuable facts and figures
- Profound data about leading regions
- Latest market development
- Key policies implemented by companies
- Competitive landscape
- COVID-19 impact
Rising Incidence of Musculoskeletal Injuries to Augment Growth
The surging incidence of musculoskeletal injuries, resulting in limited mobility & agonizing physical pain will spur demand for arthroscopic fluid management products during the forecast period. According to a report published by the American Academy of Orthopedic Surgeons (AAOS), about 6.8 million patients with orthopedic injuries come to medical attention each year in the United States alone. Moreover, the increasing number of sports-related accidents and injuries are expected to promote the healthy growth of the market. According to the National High School Sports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases of sport-related were recorded in high schools in the U.S.Anterior cruciate ligament (ACL) injury is a major injury in professional sports that can be treated by arthroscopy. The aforementioned factors will contribute significantly to the growth of the market in the forthcoming years.
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Declined Orthopedic Surgeries to Dampen Market Amid Coronavirus
The COVID-19 outbreak has drastically affected the supply and demand for orthopedic devices. Moreover, the delay in non-compulsory surgeries owing to the need for ventilators for COVID-19 patients will dwindle the growth of the market. Based on a survey conducted in the U.S., almost 50% of surgeons, cardiologists, and anesthesiologists mentioned that they expect patients to either cancel or delay optional surgeries during the coronavirus outbreak. However, the reduction in COVID cases can subsequently improve the prospects of the market in the coming days.
Presence of Major Medical Device Companies to Elevate Market in North America
The market in North America size is expected to hold the largest share during the forecast period owing to the presence of key orthopedic device companies in the U.S. The favorable reimbursement policies will significantly bolster the growth of the market in the region. According to the International Trade Administration that used data from the Census Bureau, there are roughly 5,300 to 5,600 U.S. companies in the medical devices sector, with approximately 330,000 to 365,000 employees working in the country. Europe is expected to expand radically during the forecast period owing to the developed healthcare infrastructure, well-established reimbursement system for hospitals, and faster adoption of new orthopedic device technologies in European countries. A higher number of multinational companies have subsidiaries and head offices in the U.K. This factor can further boost growth in the region.
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Arthrex announced its collaboration with Clemson University, US, intending to provide 10 scholarships worth USD 7500 each for students who will take courses and internships specifically tailored to the needs of the surgical device industry.
The Report Lists the Main Companies in the Arthroscopy Fluid Management Disposables Market:
- Arthrex (U.S)
- Stryker (U.S)
- Smith & Nephew (U.K)
- DePuy (U.S)
- Zimmer Biomet (U.S()
- ConMed (U.S)
- Karl Storz (Germany)
- Richard Wolf (U.S)
- Other Playe
Table of Contents
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Number of Orthopedic Surgeons – Selective Countries -2019
- Prevalence of Osteoarthritis – For Key Countries, 2019
- Prevalence of Rheumatoid Arthritis – By Region, 2019
- Prevalence of Key Disease Conditions – For Key Countries
- Ageing Population
- Healthcare Overview – Selective Countries
- Growth of Ambulatory Surgery Centers (ASCs) in the U.S.
- Key Industry Developments and New Product Launches
- Key Industry Developments – Mergers, Partnerships, Acquisitions
- Porters Five Forces Analysis
- Sales Channels Analysis
- Overview of the Regulatory Scenario by Key Countries
- Global Reimbursement Scenario
- Impact of COVID-19 on Arthroscopy Fluid Management Disposables Market
- Insights on Global Arthroscopic Fluid Management Systems Market Size by Region (North America, Europe, Asia Pacific and Rest of World), 2019
By Product Type
- Pump Management Disposables
- Gravity Management Disposables
- Medical Centers
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- AsiaPacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East& Africa (South Africa, GCC and Rest of the Middle East & Africa)
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