Handheld Arthroscopic Instruments Market Report 2024

This Handheld Arthroscopic Instruments market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The handheld arthroscopic instruments market size has grown strongly in recent years. It will grow from $3 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increased government and private spending, increased use of disposable instruments, an increased focus on surgical efficiency, increased training and education for surgeons, and a rise in ambulatory surgical centers (ASCs).

The handheld arthroscopic instruments market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth during the forecast period can be attributed to a shift toward minimally invasive surgeries, the expansion of ambulatory surgical centers, supportive regulatory frameworks, advancements in surgical techniques, and the development of specialized instruments. Key trends for this period include the expansion of port infrastructure, a focus on personalized medicine and patient-centric care, growing applications in sports medicine, an increase in indications for arthroscopic surgery, and the exploration of biocompatible materials.

The increasing number of knee implant patients is projected to drive the growth of the handheld arthroscopic instrument market. These patients have received artificial knee joints through surgery to relieve severe pain and restore knee function affected by damage or arthritis. The rise in knee implant procedures is attributed to an aging population, a higher prevalence of osteoarthritis and other joint disorders, and advancements in surgical techniques that make these procedures more accessible and effective. Handheld arthroscopic instruments are crucial for knee implant surgeries, as they enable surgeons to perform minimally invasive procedures with greater precision and better visualization of the joint. For instance, a report from the Canadian Institute for Health Information in 2023 noted a 4.6% increase in hip and knee revision surgeries from the previous year, with 8,942 procedures conducted in 2021-2022, up from 8,548 in 2020-2021. Thus, the growing number of knee implant patients is boosting the demand for handheld arthroscopic instruments.

Key players in the handheld arthroscopic instrument market are innovating with advanced technologies, such as the 4K single-use surgical arthroscope, to enhance surgical precision and patient outcomes. A single-use surgical arthroscope is a disposable tool designed for one-time use, which eliminates the need for cleaning and reduces the risk of infection. For example, in November 2023, Pristine Surgical, a US-based medical technology company, introduced its Summit 4K single-use surgical arthroscope. This device offers high-definition imaging and comes in a sterile, ready-to-use format. It features 4K resolution and integrates with Pristine Connect, a cloud-based system for managing surgical images and inventory. The Summit arthroscope addresses the challenges of cleaning and maintaining reusable scopes and provides a cost-effective subscription model for healthcare facilities.

In January 2023, Zimmer Biomet Holdings, Inc., a US-based medical technology company, acquired Embody Inc. for $280 million. This acquisition is intended to strengthen Zimmer Biomet's sports medicine portfolio and support the healing of complex orthopedic soft tissue injuries through Embody's innovative collagen-based solutions. Embody Inc., a US-based medical device company, specializes in developing implantable medical devices.

Major companies operating in the handheld arthroscopic instruments market are Johnson & Johnson Services Inc., Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew plc, B. Braun Medical Inc., Arthrex Inc., Teleflex Incorporated, KARL STORZ SE & Co. KG, Joint Engineering Inc., CONMED Corporation, KLS Martin Group, Richard Wolf GmbH, Reda Instrumente GmbH, Pioneer Healthcare Technologies Pvt. Ltd., TEKNO-MEDICAL Optik-Chirurgie GmbH, Hayden Medical Inc., Millennium Surgical Corp., Innomed Inc., M/S Devesh Meditech, Nebula Surgical Pvt. Ltd., Genuine Medica Pvt. Ltd., Sangam Surgical.

North America was the largest region in the handheld arthroscopic instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the handheld arthroscopic instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the handheld arthroscopic instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Handheld arthroscopic instruments are specialized medical tools used in arthroscopic surgery, a minimally invasive procedure for diagnosing and treating joint issues. These instruments are engineered for precision and durability, as they need to function in confined spaces within the joint while minimizing damage to surrounding tissues.

The primary types of handheld arthroscopic instruments are disposable and reusable. Disposable handheld arthroscopic instruments are designed for single-use, ensuring hygiene and reducing the risk of infection during minimally invasive joint surgeries. These instruments include knives, graspers, scissors, and other tools, and can be used for procedures involving the knee, shoulder, hip, and other joints. The end users of these instruments typically include hospitals, ambulatory surgical centers (ASCs), and specialty clinics.

The handheld arthroscopic instruments market research report is one of a series of new reports that provides handheld arthroscopic instruments market statistics, including handheld arthroscopic instruments industry global market size, regional shares, competitors with a handheld arthroscopic instruments market share, detailed handheld arthroscopic instruments market segments, market trends and opportunities, and any further data you may need to thrive in the handheld arthroscopic instruments industry. This handheld arthroscopic instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The handheld arthroscopic instruments market consists of sales of arthroscopes, forceps, probes and hooks, debridement tools, and electrocautery devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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