Focus On Medtech Sectors With Healthy Growth: Arthroscopy & Sports Medicine

Posted by Life Science Intelligence on Aug 9, 2019 6:36:22 AM
Find me on:

Joint issues don’t discriminate by age: they can just as easily be a problem for a young athlete as they can for an older adult. And as the elderly population booms around the world, so will a greater need for diagnostic and surgical interventions focusing on these areas.

Part of the interest of the medtech industry over the last several years has been designing easy methods of surgical alternatives, both to minimize the possibility of post-surgical setbacks and to help reduce any additional stress on the joints. Enter modern arthroscopy, a preferred alternative to open surgery for common joint problem areas, such as knees, hips, shoulders, and TMJ. In 2018, knee arthroscopy was the most significant contributor to the 6.8 million arthroscopy procedures performed. 

Digital composite of Highlighted leg bones of jogging man

Sports medicine implants are often combined with arthroscopy procedures as they’re designed to stabilize joints, allowing for normal activity levels. 

Global Market Size

In 2018, the global market for both arthroscopy and sports medicine products hit $7.3 billion. Of this amount, arthroscopy products on their own accounted for nearly 52% of all sales. 

Growth Rates

Over the next few years, it’s anticipated that the global market for arthroscopy and sports medicine implant products will grow at a rate of 4.2%.

Geographic Sales

North America has the largest market for arthroscopy products, but as other countries experience a larger elderly population, expect places like China and Europe to grab even more of a market share.

Top Market Players

The major companies currently sitting atop the arthroscopy and sports medicine implant market include DePuy Synthes/Johnson & Johnson, Arthrex, Stryker, and Smith & Nephew.

 

 

Topics: Medtech

Stay connected with our latest posts:

About the Author

Life Science Intelligence (LSI) helps medtech executives make better strategic decisions by delivering unique market data and business insights. For over 13 years LSI has been working with industry giants – Johnson & Johnson, Medtronic, Abbott, Stryker, Cardinal, Boston Scientific, and Becton Dickinson, among others. LSI products are also leveraged by the most successful start-ups, innovators, investors, and service companies that compete in medtech. LSI is the organizer of The Emerging Medtech Summit held annually in Southern California.

Contact LSI here, via phone 714 847 3540, or email info@lsintel.com