Knee Arthroscopy Segment to Hold South America Arthroscopy Procedures And Products Market Share During 2023-2031

According to our new research study on " South America Arthroscopy Procedures And Products Market Size and Forecast (2021-2031), Regional Share, Trend, and Growth Opportunity Analysis," the market value is projected to grow from US$ 445.94 million in 2023 to US$ 702.46 million by 2031. The South America arthroscopy procedures and products market is further anticipated to record a CAGR of 5.8% from 2022 to 2030. 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.

Football, basketball, and tennis are highly popular sports in South America. With increasing participation in these sports, injuries among athletes are on the rise. According to data released by SciELO in August 2023, women participation in sports stood at 16.9% and men at 31.7% in Brazil. Moreover, the growing emphasis on physical fitness and an active lifestyle has increased sports participation among people of all age groups in South America. This has further contributed to the rise in sports-related injuries and, subsequently, the demand for arthroscopic procedures.

Arthroscopy is a preferred method for diagnosing and treating sports injuries, as it allows for a minimally invasive approach, faster recovery times, and reduced post-operative pain compared to open surgery. Anterior cruciate ligament (ACL) tears are among the most common sports injuries requiring arthroscopic surgery. As patients are now more informed about the advantages of minimally invasive procedures, arthroscopic procedures and products are gaining traction for treating sports injuries. 

On the other hand, arthroscopic procedures require specialized instruments and implants, which can be expensive to manufacture and procure. Additionally, the training and expertise required to perform arthroscopic surgeries increase the overall cost of these procedures. In South American countries, where healthcare budgets are often limited, the high cost of arthroscopic implants and surgeries can pose a barrier to patient access. Many healthcare facilities may struggle to afford the necessary equipment and instruments, limiting their ability to offer arthroscopic procedures. Out-of-pocket expenses for these procedures can be substantial, making them inaccessible for individuals with limited financial resources. This can result in a disparity in access to arthroscopic procedures, with only a select few able to afford the necessary treatments. 

• 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 indication, 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. 

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 are among the leading players in the South America arthroscopy procedures and products market are a few key companies profiled in the South America arthroscopy procedures and products market report. 

Companies operating in the South America arthroscopy procedures and products market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the radiotherapy market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall South America arthroscopy procedures and products market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.

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