Keyhole Orthopedic Surgery Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 

The keyhole orthopedic surgery market was valued at around USD 5.83 billion in 2023 and is expected to grow to USD 9.12 billion in 2034, with a CAGR of 7.0% between 2024 and 2034. Keyhole orthopedic surgery is a convenient and minimally invasive approach to doing orthopedic surgery. The market is aligned with the healthcare industry, making it both sustainable and increasing.

The keyhole orthopedic, also known as minimally invasive orthopedic surgery or arthroscopy, is a surgical technique that uses small incisions. In this method, healthcare practitioners utilize an arthroscope, a small camera placed into a joint, to diagnose and treat a variety of orthopedic disorders. Orthopedic issues include torn meniscus, torn or damaged cruciate ligament, inflamed synovial tissue, torn pieces of articular cartilage, and patella misalignment. It has various advantages over standard open surgery, including less discomfort, quicker recovery times, and minimum scarring.

 

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GROWTH DRIVERS

The rising prevalence of orthopedic disorders such as osteoarthritis, rheumatoid arthritis, sports injuries, and others increases patient desire for minimally invasive surgical treatments. According to the World Health Organization (WHO), the number of people with musculoskeletal problems is increasing as the population grows and ages. The WHO predicts that cases of various musculoskeletal illnesses would grow by 115% between 2020 and 2050, reaching an estimated 1060 million by 2050.

Technological advances like as high-definition cameras, advanced imaging techniques, sophisticated surgical equipment, and others have considerably improved the procedure and outcomes of keyhole automated operations, driving market acceptance and growth. According to GE Healthcare, medical imaging makes a significant contribution to establishing accurate and prompt diagnoses, informing and guiding treatment decisions, and improving treatment results.

As the worldwide population ages, the prevalence of joint-related disorders rises, resulting in increased market demand. The global number of persons aged 60 and older is increasing at an unprecedented rate, and it is predicted to double by 2050. According to WHO, the percentage of individuals aged 65 and more is growing faster than that of those under 65, with a projected increase from 10% in 2022 to 16% in 2050.

MARKET SEGMENTATION:

·         By Indication- Torn Meniscus, Torn or Damaged Cruciate Ligament, Inflamed Synovial Tissue, Torn Pieces of Articular Cartilage, Misalignment of Patella  

·         By Application- Hips, shoulder, knee, foot, elbow, ankle, hand & wrist, sports injuries

·         By End-User- Hospitals, orthopedics clinics, ambulatory surgical centers and diagnostics centers

·         By Region- North America, Europe, Asia Pacific, Middle East and Africa, South America

 

Global Key Players:

·         Stryker Corp

·         Surgical Holdings

·         Geister Medizintechnik GmbH

·         Zimmer Biomet

·         DePuy Synthes

·         DJO Global

·         Medtronic Spinal

·         Globus Medical

·         NuVasive

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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