Rise in aging and obese population has concurrently led to increase in prevalence of musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, and bone tumor, which is fuelling the growth of the market.
MIS procedures are rapidly replacing open surgeries as a result of technological innovations. Developments in visualization and monitoring equipment have facilitated greater precision in joint and spinal surgeries by providing better image quality. For instance, the development of arthroscopes has not only lessened the size of surgical incisions required in a typical joint replacement or spinal fusion surgery, but has also significantly reduced post-operative recovery time and hospital stays.
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The increasing number of strategic expansions of companies globally will favor the growth of the overall arthroscopic devices market. For instance, in August 2011, Arthrex expanded its surgical facility on in eastern Collier County, U.S. Various local and national government bodies have funded the company. Such developments are expected to fuel the demand of arthroscopic devices, thereby helping the market to grow.
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In-depth profiling of the key players have been conducted along with the recent developments (new product launches and partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the global arthroscopic devices market. Key players in the global arthroscopic devices market are Arthrex, Inc., (U.S.), Arthrocare Corporation (U.S.), Biomet, Inc., (U.S.), Conmed Corporation (U.S.), Depuy Synthes Companies (U.S.), Smith & Nephew Plc (U.K.), Stryker Corporation (U.S.), and Tornier N.V. (Netherlands).
