Arthroscopy Products and Procedures: Global Markets

June 28, 2011

Wellesley, Mass. – According to a new technical market research report, ARTHROSCOPY PRODUCTS AND PROCEDURES: GLOBAL MARKETS (HLC090A) from BCC Research (www.bccresearch.com), the global market value for arthroscopic products and procedures was nearly $3 billion in 2010, and is expected to increase to $4.6 billion by 2015, yielding a compound annual growth rate (CAGR) of 9.1%.

The market can be broken down into products used in large joint procedures and small joint procedures. In 2010, the market for products used in large joint procedures was valued at $2.7 billion. This should increase at a five-year CAGR of 8.5% to reach nearly $4.1 billion by 2015.

Small joint procedures constituted nearly $250 million in 2010; this figure should nearly double to almost $500 million by 2015, for a CAGR of 15.1%.

Arthroscopy is a minimally invasive surgical technique in which a small fiber-optic camera, known as an arthroscope, is inserted into a small incision along with other surgical tools to repair soft tissue damage. Compared to open surgical procedures, arthroscopic procedures require a smaller incision, reducing scarring and the chance for postoperative infection.

Current factors driving the arthroscopic surgical product market include continual pressure on healthcare providers to lower costs and increase successful procedural outcomes, ever-changing demographics, expanding healthcare systems in emerging countries, and patients’ wishes for less-painful procedures with quicker recovery times.

This report can be a valuable tool used to assess the arthroscopy market and devise a strategy to successfully compete within it. -Included are a thorough background on the structure of the arthroscopy market along with the challenges and opportunities it faces.

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Arthroscopy Products and Procedures: Global Markets( HLC090A )
Publish Date: May 2011    

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