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Date Submitted: 10/23/2016 11:48 PM
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Arthroscopy Market Analysis, Share and Size, Emerging
Trends, Growth, Overview And Segment Forecasts To 2024
Global arthroscopy market is anticipated to reach USD 6.34 billion by 2024, according to a new report by
Grand View Research, Inc. Increasing geriatric population base and rising obesity levels are the major
factors driving the growth.
Rising medical tourism, cost efficiency and faster recovery rate are some of the factors resulting in
increased adoption. As a result, demand for arthroscopy is increasing, since it's used in the diagnosis of
joint conditions. In addition, constant decline in the price coupled with reimbursement coverage is
spurring the adoption of arthroscopy in the treatment of injuries.
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Presently, the sector is fragmented in nature with presence of many players competing with each other.
The key players are implementing mergers and acquisition strategies to strengthen their position by the
expansion of customer base and reduce the number of competing players.
Further key findings from the study suggest:
Arthroscopic implant segment dominated globally and is estimated to remain dominant throughout the
forecast period. Increasing adoption of implants for diagnosis is mainly driving the growth of the
segment.
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The arthroscopic visualization systems are anticipated to witness strong demand during the forecast
period due to their ability to provide clear high definition resolution of internal organs.
The demand for Fluid Management Systems is going to increase considerably during the forecast period
with new products entering the sector especially in emerging countries such as Brazil, Mexico and South
Africa.
The key players have faced challenges due to severe pricing pressures and stringent...