Arthroscopy RF Systems and Wands Market Size by Segments, Share, Regulatory, Reimbursement, Procedures, Installed Base and Forecast to 2033
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Arthroscopy RF Systems and Wands Market Report Overview
The Arthroscopy RF Systems and Wands market size was valued at $609.9 million in 2023. The market is expected to grow at a CAGR of more than 2% during 2023-2033. Arthroscopic Radio Frequency (RF) Wands are electrosurgical probes that are used to direct generated RF energy for the specific ablation and resection of soft tissue.
Arthroscopy RF Systems and Wands Market Outlook, 2023-2033 ($ Million)
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The Arthroscopy RF Systems and Wands market research report has been created to understand market behavior, which will help identify quantitative market trends in the Orthopedic Devices therapeutic area. It discusses in detail the impact of COVID-19 on the Arthroscopy RF Systems and Wands market for the year 2020 and beyond.
Market Size (2023) | $609.9 Million |
CAGR (2023-2033) | >2% |
Forecast Period | 2024-2033 |
Historical Period | 2015-2023 |
Key Regions | · Europe
· North America · Asia Pacific · South Central America · Middle East and Africa |
Key Segments | · Arthroscopy Radio Frequency Systems
· Arthroscopy Radio Frequency Wands |
Leading Companies | · Smith & Nephew Plc
· Stryker Corp · Arthrex Inc · DePuy Synthes Inc · ConMed Corp |
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Arthroscopy RF Systems and Wands Market Dynamics
Increasing applications in sports medicine, a growing aging population, a rising prevalence of osteoarthritis, and ease in FDA clearance are factors driving the growth of the global Arthroscopic RF Systems and Wands market. Furthermore, growth in the global economy and private healthcare insurance companies in countries such as Brazil, Saudi Arabia, and South Africa will further boost the adoption of Arthroscopy RF Systems and Wands.
Arthroscopy RF Systems and Wands Market Segmentation by Regions
The key regions in the Arthroscopy RF Systems and Wands market are North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2023, North America dominated the overall Arthroscopy RF Systems and Wands market. The growth of the market is attributed to the increase in the geriatric population, better access to healthcare, and a rise in the number of arthritis and sports-related injury cases.
Arthroscopy RF Systems and Wands Market Analysis, by Regions, 2023 (%)
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Arthroscopy RF Systems and Wands Market Segments
The key segments in the Arthroscopy RF Systems and Wands market are Arthroscopy Radio Frequency Wands and Arthroscopy Radio Frequency Systems. In 2023, Arthroscopy Radio Frequency Wands led the market. Arthroscopic Radio Frequency Wands are electrosurgical probes that are used to direct generated RF energy for the specific ablation and resection of soft tissue. There are two primary types of Arthroscopic Radio Frequency Wands: Monopolar Wands and Bipolar Wands.
Bipolar wands are preferred over monopolar wands due to their softer tissue penetration, which causes less harm as compared to monopolar wands.
Arthroscopy RF Systems and Wands Market Analysis, by Segments 2023 (%)
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Arthroscopy RF Systems and Wands Market - Competitive Landscape
A few of the leading companies in the Arthroscopy RF Systems and Wands market are:
- Smith & Nephew Plc
- Stryker Corp
- Arthrex Inc
- DePuy Synthes Inc
- ConMed Corp
Smith & Nephew Plc dominated the market in 2023. It is followed by Stryker Corp.
Arthroscopy RF Systems and Wands Market Analysis, by Companies 2023 (%)
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Segments Covered in the Report
Arthroscopy RF Systems and Wands Segments Outlook (Value, $ Million, 2015-2033)
- Arthroscopy Radio Frequency Systems
- Arthroscopy Radio Frequency Wands
Arthroscopy RF Systems and Wands Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Inclusions
Currently marketed Arthroscopy RF Systems and Wands and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Arthroscopy RF Systems and Wands market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Arthroscopy RF Systems and Wands market.
- Competitive dynamics insights and trends provided for the Arthroscopy RF Systems and Wands market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Stryker Corp, Arthrex Inc, Smith & Nephew Plc, DePuy Synthes Inc, ConMed Corp, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Arthroscopy RF Systems and Wands market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Arthroscopy RF Systems and Wands market.
- Competitive dynamics insights and trends provided for the Arthroscopy RF Systems and Wands market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the Arthroscopy RF Systems and Wands market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Arthroscopy RF Systems and Wands market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Arthroscopy RF Systems and Wands market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Arthroscopy RF Systems and Wands market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
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What was the Arthroscopy RF Systems and Wands market size in 2023?
The Arthroscopy RF Systems and Wands market size was $609.9 million in 2023.
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What will the Arthroscopy RF Systems and Wands market growth rate be in the forecast period?
The Arthroscopy RF Systems and Wands market is expected to grow at a CAGR of more than 2% during 2023-2033.
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Which region dominated the Arthroscopy RF Systems and Wands market in 2023?
North America dominated the overall Arthroscopy RF Systems and Wands market in 2023.
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Which segment led the Arthroscopy RF Systems and Wands market in 2023?
The Arthroscopy Radio Frequency Wands segment led the market in 2023.
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Which are the leading companies in the Arthroscopy RF Systems and Wands market?
A few of the leading companies in the Arthroscopy RF Systems and Wands market are Smith & Nephew Plc, Stryker Corp, Arthrex Inc., DePuy Synthes Inc., and ConMed Corp among others.
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