PUBLISHER: Allied Market Research | PRODUCT CODE: 1397040
PUBLISHER: Allied Market Research | PRODUCT CODE: 1397040
The shoulder arthroscopy market was valued at $432.46 million in 2022 and is estimated to reach $712.12 million by 2032, exhibiting a CAGR of 5.1% from 2023 to 2032. Shoulder arthroscopy is an outpatient procedure that uses a small camera called an arthroscope to project images of the shoulder joint onto a video screen. The images are then used by the healthcare provider to diagnose the part of the shoulder that has been injured and repair it using small surgical instruments to restore shoulder's mobility. The procedure is minimally invasive and requires smaller incisions. The incision size is about the same as a keyhole. The full procedure can take anywhere from weeks to months, but patients may get discharged on the same day. Shoulder arthroscopy allows healthcare providers to treat shoulder pain that hasn't responded to other non-surgical treatments like physical therapy, medications, injections, and rest.
Arthroscopy of the shoulder can be used for the removal of inflamed tissue. Thus, it is used to treat injuries such as biceps tendon injuries, bone spurs, frozen shoulder, labrum tears, injuries to the tissue around the shoulder socket, osteoarthritis, rotator cuff tears, rotator cuff tendinitis, shoulder impingement syndrome and shoulder instability, when the shoulder joint becomes loose or dislocated. Arthroscopy surgery for the shoulder is the second largest orthopedic procedure after knee surgery. However, the most common type of arthroscopic surgery performed on the shoulder is the rotator cuff. The growth of the market is attributed to the rise in the number of procedures, which, in turn, surges the demand for equipment.
Rise in incidence of shoulder injuries, advancements in arthroscopic techniques, aging population, and preference for minimally invasive surgery, are major factors driving the growth of the shoulder arthroscopy market. One of the main causes of shoulder arthroscopic procedures is the growing incidence of injuries to the shoulder, such as rotator cuff tears and labral tears, as well as shoulder impingements. Injuries from sports, as well as the wear and tear that comes with aging, are also contributing factors to the increase in shoulder arthroscopies.
However, high procedure costs, limited access to specialized facilities and competition from alternative treatments may act as a restraint toward market growth. Arthroscopic procedures on the shoulder can be expensive, and this can discourage some patients from undergoing the procedure. It can also cause reimbursement issues for healthcare providers. This may hinder market growth to some extent.
The shoulder arthroscopy market is segmented into product type, indication, end user, and region. On the basis of product type, the market is categorized into arthroscopes, power shaver systems, arthroscopic implants, arthroscopic systems, and others. On the basis of indication, the market is divided into rotator cuff tears, shoulder instability, frozen shoulder, shoulder impingement syndrome and others. On the basis of end user, the market is classified into hospitals, ambulatory surgical centers, and others.
By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA). Major players that operate in the market include Arthrex, Inc., Stryker Corporation., ConMed Corporation, GPC Medical Ltd., Johnson & Johnson, Star Sports Medicine Co., Ltd., Sironixmedtech, Osteocare Medical Pvt Ltd., Biotek and Karl Storz GmbH & Co. KG.
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