Arthroscopy Devices - Global Pipeline Analysis, Opportunity Assessment and Market Forecast to 2016

Oct. 13, 2010 - PRLog -- In 2009, the global arthroscopy devices market was valued at $2.4 billion and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period 2009-2016 to reach $3.6 billion in 2016. The global arthroscopy devices market will primarily be driven by the high prevalence of osteoarthritis and its risk factors. An increase in sports injuries due to intense competition and the hectic schedule of players is also expected to drive the global arthroscopy devices market. These sports include various outdoor games like football, basketball, tennis, bicycling, athletics and weightlifting. According to data available from the US, there were about 2.5 million injuries due to various sports in the US in 2006. Furthermore, more than one million sports injuries in children are reported every year in the US, leading to joint diseases such as osteoarthritis with aging and forcing individuals to undergo joint replacement.

Aging and obesity are two biggest risk factors associated with osteoarthritis. Osteoarthritis rarely occurs in patients younger than 40 years. The risk of developing osteoarthritis increases with age. Estimates suggest that the prevalence of osteoarthritis in the US is 70 million, of which 21 million patients are aged 65 years and above.

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Obesity is widely accepted as the second biggest risk factor for the development of osteoarthritis. Being overweight puts extra pressure on joints, especially knees, which over a period of time leads to osteoarthritis. It is estimated that more than 1.1 billion people are overweight globally, which is about 18% of the population. Of these 1.1 billion people, about 325 million people are obese. Developing countries have exhibited faster growth in the obesity prevalence due to decreased physical activity and the presence of certain ethnic groups whose genetic make-up makes them more prone to the condition.

Although the global arthroscopy devices market has many participants, a few companies dominate the arthroscopy devices segment. The top five companies accounted for nearly 64% of the market in 2009. Smith & Nephew leads the market with a 19% market share, followed by the Arthrex with a 15% share in 2009. Stryker Corporation, KARL STORZ GmbH & Co. KG and CONMED Corporation have market shares of 10% each in 2009. Other small and local players cumulatively account for the remaining 36% of the market.

GlobalData’s new report, “Arthroscopy Devices - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global arthroscopy devices market. The report provides market landscape, competitive landscape and market trends information about the arthroscopy devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

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