As per the facts provided by the National Safety Council (NSC), a US-based non-profit organization, in 2019, irrespective of the use of exercise equipment, exercise-related injuries accounted for about 468,000 injuries, the most of any category of sports and recreation in the United States. It was followed by bicycling with about 417,000 injuries, while basketball with 404,000 injuries, and football, with 292,000 injuries, ranked third and fourth, respectively.
Get Detailed Information @ Arthroscopy Devices Market
As per the article “The Injury Rate in National Football League Players Increased Following Cancellation of Preseason Games Because of COVID-19” published in 2021 by Baker et al., 3,025 injuries were reported over the course of 4 NFL study seasons (2016-2020). Of the 3,025 reported injuries, 582 (19%) occurred in week 14 of the 2020-2021 regular season, while 1,292 (53%) occurred in week 14 of preseason and 1,151 (38%) in regular season 14 of the 2016-2017 season. American football is a contact sport of highly competitive nature and has been associated with injuries affecting the neck, shoulder, ankle, foot, knee, or the back. Therefore, the increase in the patient population associated with sports-related injuries in the country will in turn contribute in the growing need for arthroscopy procedures, eventually resulting in the rise in demand for arthroscopy devices in the region.
Furthermore, as per the data provided by the US Centers for Disease Control and Prevention (2018), an estimated 67 million people in the country will have medically diagnosed arthritis by 2025 and it is expected to reach 78 million people by 2045.
Moreover, the North America region has one of the well-endowed healthcare infrastructure in the world with supportive reimbursement programs covering the costs for the devices as well as the procedures. This further acts as a major driving factor in the uptake of arthroscopy devices in the market.
The above-mentioned reasons provide a supportive environment for the arthroscopy devices market which in turn motivates major key market players to provide better and expanded product portfolio in the region. The local presence of market players and product availability provides another advantage for the market growth as it directly impacts the costs and affordability of the devices in the region. For instance, in July 2019, the US Food and Drug Administration cleared the NUVIS Single-Use Arthroscope, a first-of-its-kind endoscope designed for use in arthroscopic surgical procedures manufactured by Integrated Endoscopy, a medical device company focused on developing devices to be used in arthroscopic surgery.
Therefore, considering all the aforementioned parameters such as the presence of large patient pool in the US coupled with new product launches, the market for arthroscopy devices looks promising in the United States, and specifically in North America.
What are the Arthroscopy Devices Market Companies?
Some of the key market players operating in the arthroscopy devices market includes Stryker, Zimmer Biomet, DePuy Synthes (Medical Devices Business Services, Inc.), Medtronic, Globus Medical, Olympus, DJO, LLC, Richard Wolf GmbH, Active Implants, CONMED Corporation, EndoMed Systems, RUDOLF Medical GmbH + Co. KG, COMEG Medical Technologies, Gimmi® GmbH, Vimex Sp. z o.o., Smith and Nephew, KARL STORZ SE & Co. KG, SCHÖLLY FIBEROPTIC GMBH, Medacta International, and others.
Source:- Arthroscopy Devices Market Insights
