Shoulder Arthroscopy Market Research, 2032
The global shoulder arthroscopy market size was valued at $432.5 million in 2022, and is projected to reach $712.1 million by 2032, growing at a CAGR of 5.1% from 2023 to 2032. The growth of the shoulder arthroscopy market is attributed to an increase in the demand for minimal invasive procedures, technological advancements in arthroscopy equipment and rise in incidence of shoulder injuries. Increase in cases of sport injuries is a major cause of shoulder injuries such as labral tear and rotator cuff tears. For instance, according to report published by National Safety Council of U.S. 2022, stated that, in 2021, approx. 20% rise in sports and recreational injuries was observed as compared to 2020. Thus, an increase in the number of sport related injuries led to a rise in demand for shoulder arthroscopy, which, in turn, propels the market growth.
Key Takeaways
The arthroscope segment dominated the global shoulder arthroscopy market share in 2022.
The rotator cuff tears segment dominated the global market in 2022 and is anticipated to be the fastest-growing segment
The hospitals segment dominated the market in terms of revenue in 2022.
The others segment in end user is anticipated to be the fastest growing segment during the forecast period.
North America dominated the market in terms of revenue in 2022, whereas the Asia-Pacific is anticipated to be the fastest growing segment during the shoulder arthroscopy market forecast period.
Arthroscopy of the shoulder is a surgical procedure in which a small camera, known as an arthroscope, is used to examine or repair tissues within or around the shoulder joint. The camera is inserted into the shoulder through a small incision in the skin. The procedure involves the use of various high-quality equipment and instruments which are minimally invasive in nature. Instruments such as arthroscopes, power shaver systems, arthroscopic implants, fluid management system, radio frequency (RF) systems, visualization systems and others are used for carrying out the procedure.
The procedure involves the insertion of arthroscope into the shoulder through a small incision which is connected to a video monitor in the operating room. Detection of abnormal or injured bone or ligament is done by real time observation through the pictures and any damage is repaired at the same time. Shoulder arthroscopy is most recommended for shoulder problems such as a torn or damaged cartilage ring (labrum) or ligaments, shoulder instability, in which the shoulder joint is loose and slides around too much or becomes dislocated, a torn or damaged biceps tendon, a torn rotator cuff and others.
Market Dynamics
Growth of the shoulder arthroscopy market is majorly driven by increase in the incidence of sports injuries, technological advancement in arthroscopy instrument, and surge in ageing population. Sport injuries caused by basketball, tennis, and volleyball place more strain on the shoulder joint. In addition, the high intensity sport training led to a rise in the number of injuries, which increases the demand for shoulder arthroscopy and subsequently increases the demand for its products.
Further, rise in technological advancement and increase in research and development activities by market key players in the field of shoulder arthroscopy boost the growth of the market. Shoulder arthroscopy systems have undergone several developments in recent years such as advancement in minimally invasive arthroscopy techniques have become the standard, as they allow for smaller incisions and faster recovery times. For instance, in July 2021, Stryker, a global medical device company received the Food and Drug Administration (FDA) approval for its balloon implant which is used in arthroscopic treatment of massive irreparable rotator cuff tears. This implant restores the subacromial space without need of any fixation devices and improves the shoulder function.
Furthermore, the surge in the aging population and rise in demand for minimally invasive surgeries further drives the market growth. Older people are more susceptible to various musculoskeletal problems due to various risk factors such as decreased bone quality and poor blood supply. Therefore, there is a greater need for medical interventions such as shoulder arthroscopy to treat shoulder related injuries. For instance, according to the National Centers for Biotechnology Information (NCBI), January 2023, rotator cuff injuries are common and increase with age. In addition, the prevalence rate of asymptomatic full-thickness tears is 40% in the 75-year-old population. Further, the increase in demand for minimally invasive surgeries also drives the growth of the shoulder arthroscopy market size.
On the other hand, high cost of shoulder arthroscopy surgeries is anticipated to limit the adoption of arthroscopy systems during the forecast period. Shoulder arthroscopy surgeries are costly as they require specialized medical equipment and technology such as robotic assisted surgery systems and arthroscopy instruments which are expensive. In addition, these surgeries are complex and require a skilled surgeon and their services can be costly. Therefore, the expensive surgical cost is unaffordable for the few patients, which negatively affects the growth of the market. For instance, shoulder arthroscopy ranges from $2,611 to $19,523. Moreover, products, surgery and other related costs raise the overall cost of surgery. Thus, the high cost of shoulder arthroscopy hampers the growth of the market.
Numerous sectors of the economy, particularly the pharmaceutical, medical technology and biotechnology industries, have been impacted by the ongoing global recession. Elective surgeries may get postponed due to financial downturn and purchasing power from healthcare sector may also be affected to some extent. Healthcare systems may face budget pressures and a shift in priorities, impacting orthopedic availability. However, the situation is anticipated to return to normal after the recession and demand for shoulder arthroscopy may rise in coming years, if healthcare spendings are managed efficiently.
Segmental Overview
The shoulder arthroscopy market is segmented on the basis of product type, indication, end user, and region. On the basis of product type, the market is divided into arthroscopes, power shaver systems, arthroscopic implants, arthroscopic instrumentation, and others. On the basis of indication, the market is classified into rotator cuff tears, labral tears, shoulder bursitis, biceps tendonitis and others. On the basis of end user, the market is categorized into hospitals, clinics, ambulatory surgical centers, and others.
Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
By Product Type
By product type, the shoulder arthroscopic implants segment held a major global shoulder arthroscopy market share in 2022, which is mainly attributed to surge in number of arthroscopic procedures for treatment shoulder injuries. On the other hand, the arthroscopes segment is anticipated to be the fastest growing segment during the forecast period, owing to the research and development that takes place in this segment to launch arthroscopes that are highly efficient and offer high quality imaging.
By Indication
By indication, the rotator cuff tears segment dominated the market in terms of revenue in 2022 and is anticipated to be the fastest growing segment during the forecast period, which is attributed to the surge in adoption of shoulder arthroscopies for treatment of rotator cuff tears as primary treatments such as medications fail to respond.
On the other hand, the shoulder impingement syndrome is anticipated to be the fastest growing segment during the forecast period. The growth of the segment is mainly attributed to surge in incidences of shoulder impingement due to sports injuries. In addition, rise in awareness among the population regarding minimally invasive procedure for treatment of shoulder impingement is also anticipated to drive the shoulder arthroscopy market growth.
By End User
By end user, the hospitals segment dominated the market in terms of revenue in 2022. The growth of the hospital's segment is mainly attributed to the facilities offered by the hospitals for treatment of shoulder injury. Hospitals are equipped with advanced facilities and specialized staff to perform complex medical procedures, including shoulder arthroscopy. In addition, hospitals own state-of-the-art medical equipment, including arthroscopic tools and imaging systems, which are essential for conducting shoulder arthroscopy efficiently and with precision. Furthermore, in case of emergency during shoulder arthroscopy hospitals are equipped to provide emergency care and surgical interventions thereby acting as an important end user in the shoulder arthroscopy market.
On other hand, the ambulatory surgical centers segment is anticipated to be the fastest growing segment during the forecast period, which is attributed to the advantages offered by these setting and rising awareness among the people regarding the facilities offered in ASC. Patients tend to experience shorter wait times, fewer administrative processes, and a more efficient experience, making access to care more convenient.
By Region
The shoulder arthroscopy market analysis is carried accross North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in terms of revenue in 2022, owing to increasing prevalence of shoulder-related injuries and conditions, such as rotator cuff tears and osteoarthritis. In addition, patients are looking for less invasive procedures that provide faster recovery times and less pain, driving the growth of the market. On the other hand, arthroscopically advanced technologies, such as HD cameras and specialized tools, have improved the accuracy and efficiency of shoulder procedures. This has made surgeons more likely to use these techniques, leading to further growth in the market.
Asia-Pacific is anticipated to be the fastest growing segment during the forecast period. The growth in this region is mainly attributed to the huge population base and high prevalence of shoulder injuries cases in this region. In addition, people are becoming aware of the advantages of minimally invasive surgery, which is leading to more and more people and healthcare providers using these techniques.
Competition Analysis
Competitive analysis and profiles of the major players in the shoulder arthroscopy industry, such as Arthrex, Inc., Stryker Corporation., ConMed Corporation, GPC Medical Ltd., Johnson & Johnson, Star Sports Medicine Co., Ltd., Osteocare Medical Pvt Ltd., Biotek, Sironixmedtech and Karl Storz GmbH & Co. KG. Other key players in the market include Smith & Nephew, Zimmer Biomet, Richard Wolf, Olympus, Cannuflow, EndoMed Systems and others. Major players have adopted acquisition and product approval as a key developmental strategy to improve the product portfolio and gain a strong foothold in the shoulder arthroscopy industry.
Recent Product Approval in the Shoulder Arthroscopy Market
In July 2021, Stryker announced the FDA clearance of the InSpace balloon implant for arthroscopic treatment of massive irreparable rotator cuff tears (MIRCTs). InSpace provides a new option for surgeons in the shoulder continuum of care that allows them to better meet the needs of their patients.
Recent Acquisition in the Shoulder Arthroscopy Market
In November 2020, Stryker announced the acquisition of Wright Medical Group N.V., a global medical device company focused on extremities and biologics. The company is a leader in the upper extremities (shoulder, elbow, wrist and hand), lower extremities (foot and ankle) and biologics market segments.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shoulder arthroscopy market analysis from 2022 to 2032 to identify the prevailing shoulder arthroscopy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the shoulder arthroscopy market segmentation assists to determine the prevailing shoulder arthroscopy market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global shoulder arthroscopy market trends, key players, market segments, application areas, and market growth strategies.
Shoulder Arthroscopy Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 712.1 million |
 Growth Rate | CAGR of 5.1% |
 Forecast period | 2022 - 2032 |
 Report Pages | 276 |
 By End User |
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 By Product Type |
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 By Indication |
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 By Region |
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 Key Market Players | Sironixmedtech, ConMed Corporation, Star Sports Medicine Co., Ltd., Biotek, Johnson & Johnson, Osteocare Medical Pvt Ltd., Karl Storz GmbH & Co. KG, Arthrex, Inc., Stryker Corporation., GPC Medical Ltd. |
Analyst Review
The shoulder arthroscopy market presents a unique opportunity that combines innovation with orthopedic treatment in response to the changing patient and healthcare provider needs. Rise in awareness about shoulder arthroscopy among the people and surge in demand for minimally invasive surgeries around the globe is boosting the market growth. In addition, technological advancements in arthroscopy field and innovations in equipment are contributing to the market growth. For instance, Arthroscope technology combined with microelectronics has led to the development of the needle arthroscope. These scopes are the size of 18-gauge needles. The procedure can be done at the clinic (an office) under local anesthetic. Such advances are increasing the adoption of shoulder arthroscopy equipment by healthcare facilities around the globe.
The North America region dominated the market in terms of revenue in 2022, whereas the Asia-Pacific region is anticipated to be the fastest growing region during the forecast period. North America's strong healthcare infrastructure and access to cutting-edge technology also contribute to the market's growth. In the Asia-Pacific region, the shoulder arthroscopy market is witnessing substantial expansion due to high population, coupled with a rising middle-class segment, increasing healthcare investments, and improving medical infrastructure in this region.
The base year is 2022 in shoulder arthroscopy market.
The forecast period for shoulder arthroscopy market is 2023 to 2032.
The total market value of shoulder arthroscopy market is $432.46 million in 2022.
The market value of shoulder arthroscopy market in 2032 is $712.12 million.
Major players that operate in the shoulder arthroscopy market are Arthrex, Inc., Stryker Corporation, ConMed Corporation, Johnson & Johnson, Sironixmedtech and Karl Storz GmbH & Co. KG.
The arthroscopes segment is the most influencing segment in the market owing to the research and development that takes place in this segment to launch arthroscopes that are highly efficient and offer high quality imaging.
Key factors driving the growth of the shoulder arthroscopy market includes increase in the demand for minimal invasive procedures , technological advancements in arthroscopy equipment and rising incidence of shoulder injuries.
Asia-Pacific has the highest growth rate in the market with 5.8% CAGR owing to huge population base and high prevalence of shoulder injuries cases in this region.
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