The South America arthroscopy devices market is expected to grow from US$ 244.47 million in 2021 to US$ 394.16 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.
The arthroscopy devices market is characterized by the presence of many small and big companies. These companies adopt strategies such as new product launches, regional expansion, and technological advancements to increase their market shares. Arthroscopy devices have become safer and more effective than ever with continued innovation and technological advancements, boosting their acceptance among the masses. In July 2021, Smith & Nephew plc introduced the FAST-FIX FLEX Meniscal Repair System. It employs an all-inside approach that eliminates the need for additional incisions, lowers the risk of neurovascular injury, and improves procedural efficiency to enable faster surgery times. Further, in March 2019, Stryker launched the 1688 Advanced Imaging Modalities (AIM) 4K Visualization Platform to improve arthroscopic surgical efficiency and patient experience. The active participation of market players in product innovation and development activities and increased product approvals by regulatory bodies are fueling the growth of the arthroscopy devices market across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America arthroscopy devices market. The South America arthroscopy devices market is expected to grow at a good CAGR during the forecast period.
South America Arthroscopy Devices Market Segmentation
The South America arthroscopy devices market is segmented based on product, application, and country. Based on product, the market is segmented into arthroscopic implants, arthroscopes, fluid management systems, radiofrequency systems, visualization systems, powered shavers systems, and other arthroscopy instruments. The arthroscopes segment dominated the market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on application, the market is segmented into knee arthroscopy, hip arthroscopy, spine arthroscopy, foot and ankle arthroscopy, shoulder and elbow arthroscopy, and others. The hip arthroscopy segment dominated the market in 2020, and the same segment is expected to be the fastest-growing segment during the forecast period. Based on country, the South America arthroscopy devices market has been segmented into Brazil, Argentina, and the Rest of South America.
ARL STORZ SE & Co. KG; Arthrex, Inc.; CONMED Corporation; Johnson and Johnson Services, Inc.; Medtronic; NuVasive, Inc.; Richard Wolf GmbH.; Smith & Nephew; Stryker Corporation; and Zimmer Biomet are among the leading companies in the South America arthroscopy devices market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 244.47 Million |
| Market Size by 2028 | US$ 394.16 Million |
| CAGR (2021 - 2028) | 7.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
Some of the leading companies are:
The South America Arthroscopy Devices Market is valued at US$ 244.47 Million in 2021, it is projected to reach US$ 394.16 Million by 2028.
As per our report South America Arthroscopy Devices Market, the market size is valued at US$ 244.47 Million in 2021, projecting it to reach US$ 394.16 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.
The South America Arthroscopy Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Arthroscopy Devices Market report:
The South America Arthroscopy Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Arthroscopy Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Arthroscopy Devices Market value chain can benefit from the information contained in a comprehensive market report.
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