The global South America arthroscopy procedures and products market is expected to reach US$ US$ 702.46 million in 2031 from US$ 445.94 million in 2023. The market is estimated to grow with a CAGR of 5.8% from 2023 to 2031.
The growing prevalence of musculoskeletal disorders and rising number of sports injuries requiring arthroscopy procedure are the key driving factors behind the market development. Furthermore, increased prevalence of obesity is driving the growth of the South America arthroscopic procedure and products market. However, cost intensive arthroscopic implants and surgeries are hampering the market growth.
Obesity is a major risk factor for OA development and progression. Obesity is associated with OA, a chronic, chronic joint condition caused by increased force across the joint and other pro-inflammatory factors such as inflammation throughout the body. According to the Obesity Action Coalition (OAC), obese people are 60% more likely to develop arthritis than normal-weight people. Body mass index (BMI) values enhance joint pain symptoms and severity.
Furthermore, for every 11 pounds gained, the risk of having OA increases by 36%. Compared to leaner individuals, women with obesity have roughly four times the risk of knee OA, while men with obesity have five times the risk.
Obesity is linked to an increased chance of developing rheumatoid arthritis (RA). Given the recent rapid rise in the prevalence of obesity, this risk factor appears to have a major impact on the incidence of RA. It may account for a significant percentage of the recent increase in RA among women. Being overweight can exacerbate the symptoms of RA, lead to serious other health issues, and make some arthritis medications less effective. Hence, the increased prevalence of obesity is anticipated to drive the market during the forecast period.
Incorporating smart probes and sensors into arthroscopic devices can also drive innovation in the South America arthroscopic procedure and products market. Healthcare companies can develop new products and technologies that leverage these advanced capabilities, catering to the evolving needs of healthcare providers and patients in the region. Thus, the integration of smart probes and sensors represents a promising future trend for the arthroscopic procedure and products market, offering opportunities for growth, improved patient outcomes, and technological advancements in the field of arthroscopy.
A few of the major primary and secondary sources referred to while preparing the report on the South America arthroscopy procedures and products market are the World Bank Data, National Health Service (NHS), US Department of Health and Human Services (HHS), and WHO (World Health Organization).
The growing prevalence of musculoskeletal disorders and rising number of sports injuries requiring arthroscopy procedure are the key driving factors behind the market development. Furthermore, increased prevalence of obesity is driving the growth of the South America arthroscopic procedure and products market. However, cost intensive arthroscopic implants and surgeries are hampering the market growth.
Market Opportunities of South America Arthroscopy Procedures and Products Market
Obesity has a considerable effect on the musculoskeletal system, resulting in the degeneration of bones, cartilage, and ligaments. According to the study published by the Nature Research Publications, in 2022, in Brazil, epidemiological studies have also shown an increase in the prevalence of obesity in adults from 12.5% in 2002 to 25.9% in 2019. This massive prevalence of obesity is likely to accelerate due to unhealthy habits such as consumption of junk food, sedentary lifestyle, genetic conditions, and deprivation of mental health. Overweight conditions among players and athletes can lead to the increasing prevalence of sports injuries. For instance, according to a study published in the British Journal of Sports Medicine in 2015, athletes with a BMI index of more than 30 kg/m2 are a highly susceptible to the sports injuries.Obesity is a major risk factor for OA development and progression. Obesity is associated with OA, a chronic, chronic joint condition caused by increased force across the joint and other pro-inflammatory factors such as inflammation throughout the body. According to the Obesity Action Coalition (OAC), obese people are 60% more likely to develop arthritis than normal-weight people. Body mass index (BMI) values enhance joint pain symptoms and severity.
Furthermore, for every 11 pounds gained, the risk of having OA increases by 36%. Compared to leaner individuals, women with obesity have roughly four times the risk of knee OA, while men with obesity have five times the risk.
Obesity is linked to an increased chance of developing rheumatoid arthritis (RA). Given the recent rapid rise in the prevalence of obesity, this risk factor appears to have a major impact on the incidence of RA. It may account for a significant percentage of the recent increase in RA among women. Being overweight can exacerbate the symptoms of RA, lead to serious other health issues, and make some arthritis medications less effective. Hence, the increased prevalence of obesity is anticipated to drive the market during the forecast period.
Factor Hampering South America Arthroscopy Procedures and Products Market
Smart probes and sensors are advanced technologies that can enhance the accuracy, efficiency, and safety of arthroscopic procedures. These devices can provide surgeons with real-time feedback, allowing them to make more informed decisions during surgery. Healthcare facilities can offer cutting-edge treatments that deliver better patient outcomes by incorporating smart probes and sensors into arthroscopic devices. Using smart probes and sensors can improve the overall quality of arthroscopic procedures, reducing the risk of complications and post-operative issues. These technologies can help surgeons navigate complex joint structures more effectively, leading to more precise diagnoses and treatments. Additionally, smart probes and sensors can enable minimally invasive procedures, resulting in faster recovery and reduced patient discomfort.Incorporating smart probes and sensors into arthroscopic devices can also drive innovation in the South America arthroscopic procedure and products market. Healthcare companies can develop new products and technologies that leverage these advanced capabilities, catering to the evolving needs of healthcare providers and patients in the region. Thus, the integration of smart probes and sensors represents a promising future trend for the arthroscopic procedure and products market, offering opportunities for growth, improved patient outcomes, and technological advancements in the field of arthroscopy.
- Based on type, the South America arthroscopy procedures and products market is segmented into elbow arthroscopy, foot and ankle arthroscopy, hand and wrist arthroscopy, hip arthroscopy, knee arthroscopy, shoulder arthroscopy, other arthroscopy types. The knee arthroscopy segment held the largest market share in 2023.
- By clinical condition, the market is bifurcated into anterior cruciate ligament (ACL) tears, arthritis, carpal tunnel syndrome, meniscal, chondromalacia, inflammation, labral tears, loose bone or cartilage, rotator cuff tears, shoulder bursitis and shoulder dislocations, others. The anterior cruciate ligament (ACL) tears segment held a larger share of the South America arthroscopy procedures and products market in 2023.
- By product, the market is segmented into arthroscopy accessories, integrated visualization system, fluid management system, powered shaver system/ diamond-like carbon coated blades, bipolar arthroscopic rf system, arthroscopic implants, arthroscopic resection systems. The arthroscopic implants segment held the largest share of the market in 2023.
- Based on end user, the South America arthroscopy procedures and products market is divided into hospitals, specialty clinics and centres, other end users. The hospitals segment held the largest market share in 2023.
South America Arthroscopy Procedures And Products Market: Regional Overview
The orthopedic industry in Brazil has observed significant progress in the last few years. The development of the healthcare sector, the growing number of orthopedic procedures, and increasing foreign direct investment are responsible for the market growth. Many hospitals provide excellent treatment options for various orthopedic problems. The growth of medical tourism, the increasing number of citizens seeking private insurance coverage, and the rising demand for orthopedic implants and other knee prostheses support the market growth. The growing number of hip fractures also fuels the market growth. As per the US Census Bureau, Brazil accounted for ~121,000 hip fractures per year, which is expected to increase to 160,000 by 2050. Osteoporosis is regarded as a significant health problem in Brazil. Therefore, public and private healthcare institutes create awareness regarding diagnosis and treatment for osteoporosis through various awareness programs and campaigns. For instance, "Osteoporosis Prevention Campaign: from the Child to the Senior" was launched by the Ministry of Health in 2011. This initiative aimed to raise the population's awareness of the risks of osteoporosis.A few of the major primary and secondary sources referred to while preparing the report on the South America arthroscopy procedures and products market are the World Bank Data, National Health Service (NHS), US Department of Health and Human Services (HHS), and WHO (World Health Organization).
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. South America Arthroscopy Procedures and Products Market Landscape
5. South America Arthroscopy Procedures and Products Market - Key Market Dynamics
6. South America Arthroscopy Procedures and Products Market Analysis
7. South America Arthroscopy Procedures and Products Market Revenue Analysis - by Type
8. South America Arthroscopy Procedures and Products Market Revenue Analysis - by Clinical Indications
9. South America Arthroscopy Procedures and Products Market Revenue Analysis - by Product
10. South America Arthroscopy Procedures and Products Market Revenue Analysis - by End User
11. South America Arthroscopy Procedures and Products Market - Country Analysis
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
- Conmed Corp
- Arthrex Inc
- DePuy Synthes Inc
- Karl Storz SE & Co KG
- Stryker Corp
- Richard Wolf GmbH
- Zimmer Biomet Holdings Inc
- Biomecanica
- South America Implants S.A.
- Advin Health Care Pvt Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 178 |
| Published | June 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 445.94 Million |
| Forecasted Market Value ( USD | $ 702.46 Million |
| Compound Annual Growth Rate | 5.8% |
| No. of Companies Mentioned | 10 |
