The global arthroscopy devices market size is expected to reach a value of USD 10.0 billion by 2028, growing at a CAGR of 8.1% during the forecast period 2022-28. Arthroscopy devices are medical instruments and equipment that are used to see, inspect, and perform therapeutic procedures inside the body's joints. They're most commonly utilized to treat medical disorders including osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumors. Arthroscopes, implants, fluid management systems, radiofrequency systems, imaging systems, and other instruments are widely utilized during arthroscopy. These devices are put into the patient's body with a tiny lens attached to study the structures and abnormalities inside the joints. Arthroscopy of the knee, hip, spine, ankle, shoulder, elbow, wrist, and mouth uses these instruments extensively.

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From the standpoint of the manufacturer, arthroscopy gadgets have emerged as one of the greatest medical equipment in the healthcare market. The orthopedics business has experienced a lot of mergers, sophisticated product releases, and big private equity deals in recent years, which is fueling the Arthroscopy Devices Market's growth. Manufacturers are creating new arthroscopy equipment with high-definition cameras, superior suturing procedures, and specialized suturing materials to increase visibility. Furthermore, the Arthroscopy Devices Market is growing due to the rising demand for joint replacement surgeries in the North American area. According to the Canadian Institute of Health Information (CIHI), around 1,35,000 knee and hip procedures were done in Canada in 2019. It further claims that between 2009 and 2015, the number of knee and hip replacement surgeries climbed by 20.4 percent and 20%, respectively. However, the growth of the Arthroscopy Devices Market is being hampered by various factors. The rise in FDA recalls owing to product inconsistencies, failures, and sterility concerns. Patient infection might occur as a result of these flaws in the manufacturing process. As a result, manufacturing-related challenges will have a negative impact on the worldwide Arthroscopy Devices Market's growth. In addition, the high cost of arthroscopy equipment, implants, and surgical procedures may limit the Arthroscopy Devices Market's growth. Furthermore, the Arthroscopy Devices Market is hampered by a scarcity of experienced experts to operate arthroscopy devices.

The global arthroscopy devices market segmentation:
 1) By Type: Arthroscopes, Arthroscopic implants, Other instruments and accessories.
 2) By Application: Spine, Foot and ankle, Hips, Shoulder and elbow.
 3) By End User: Hospitals, Orthopaedic clinics, Others.

North America will command the highest share of the market. Early adoption of new technology, as well as a growth in the complexity and variety of surgical operations, will help North America retain its leadership position. The need for arthroscopy equipment will continue to rise as the number of arthroscopies done in the North American area rises. Furthermore, with the rising frequency of chronic illnesses and orthopedic problems, particularly among the elderly, arthroscopy devices are predicted to become increasingly popular.

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There are some major players working in arthroscopy devices market, which include Conmed Corporation (U.S) Arthrex, Inc. (U.S) KARL STORZ GmbH & Co. KG (Germany) Johnson & Johnson (U.S) Medtronic, Plc (U.S) Smith & Nephew, Inc.(U.S) Richard Wolf GmbH (Germany) Stryker Corporation (U.S) Zimmer Biomet Holdings, Inc. (U.S). Wright Medical Group N.V.(U.S)

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