Press release
Hand-piece Arthroscopic Shavers Market is Expected to Witness Healthy Growth at 5.6% CAGR through 2031
The global arthroscopic shaver market is valued at US$ 1.8 Bn, and is projected to top US$ 2.9 Bn by 2031, rising at a steady CAGR of 5.6% over the next ten years.As per detailed industry analysis by Fact.MR, arthroscopic shavers account for 6% of the global medical surgical instruments market, and this is expected to increase rapidly owing several manufacturers producing technologically advanced medical instruments meant to be used in surgeries.
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SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
Key Segments Covered in Arthroscopic Shavers Industry Survey
Arthroscopic Shavers Market by Product Type
Control Systems
Shaver Hand-pieces
Accessories
Others
Arthroscopic Shavers Market by End User
Arthroscopic Shavers for Hospitals
Arthroscopic Shavers for Ambulatory Surgical Centers
Arthroscopic Shavers for Orthopedic Clinics
Arthroscopic Shavers Market by Application
Arthroscopic Shavers for Knee Repair
Arthroscopic Shavers for Shoulder Repair
Arthroscopic Shavers for Hip Repair
Others
Arthroscopic Shavers Market by Region
North America Arthroscopic Shavers Market
Latin America Arthroscopic Shavers Market
Europe Arthroscopic Shavers Market
East Asia Arthroscopic Shavers Market
South Asia Arthroscopic Shavers Market
Oceania Arthroscopic Shavers Market
MEA Arthroscopic Shavers Market
The latest market research report analyzes Arthroscopic Shaver Market demand by Different segments. Providing business leaders with insights On Arthroscopic Shaver And how they can increase their market share.
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This report gives you access to decisive data such as:
• Demand of Arthroscopic Shaver Market & Growth drivers
• Factors limiting Arthroscopic Shaver market growth
• Current key trends of Arthroscopic Shaver Market
• Market Size of Arthroscopic Shaver and Arthroscopic Shaver Sales projections for the coming years
Category-wise Insights
Why are Hand-piece Arthroscopic Shavers Expected to Witness High Consumption?
Shaver hand-piece shows highest consumption among all the product types. These hand-pieces can accommodate different types of surgical blades and give manual control during suction procedures. They are available in different sizes and weights specific to surgical needs. Some hand-pieces have additional features such as push buttons to control blade movement.
High torque hand-pieces are used for handling surgeries according to variation in tissue sizes. Sales of shaver hand-pieces account for 4.5% market, and are projected to increase at a CAGR of 5.5% over the forecasted period.
Which is the largest Application for Arthroscopic Shaving Systems?
Knee and hip repair contribute highest share in the application of arthroscopic shavers. Extended working hours and wrong body postures are affecting the overall health of people, and, as a result, there are growing instances of pain in joints and back.
Orthopedic diseases are also increasing, resulting in rise in cases of serve joint pains that need operating. According to Fact.MR, use of arthroscopic shavers for knee repair is projected to increase at a CAGR of 5.7% over the decade.
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Key Takeaways from Market Study
The North America market is estimated to be valued at over US$ 1 Bn by 2031.
Europe is estimated to be valued at US$ 377 Mn by 2031.
Strong production footprint of key market participants in the U.S. has made it hold the largest market share of 73.4% in North America.
The arthroscopic shavers market is segmented based on application, where shoulder repair holds high share of 20.2% and is set to witness a CAGR of 5.3% over the forecast period.
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Competitive Landscape
The market for arthroscopic shavers is highly segmented due to the uneven distribution of companies. Already established players are focusing on product innovation and new product development.
KARL STORZ crafts innovative products for meniscal refixation, cruciate ligament reconstruction, reconstruction of shoulder instability, as well as hip arthroscopy.
Zimmer Biomets Tricera System is an advanced arthroscopy system that successfully combines hemostasis, tissue resection, bone cutting, and fluid management into one system.
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