Shoulder Arthroscopy Market Expected to Reach $712.1 Million by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Shoulder Arthroscopy Market," The shoulder arthroscopy market size was valued at $432.46 million in 2022, and is estimated to reach $712.1 million by 2032, growing at a CAGR of 5.1% from 2023 to 2032. Shoulder arthroscopy is referred to as the minimally invasive surgical procedure which is used to diagnose and treat a range of shoulder joint conditions and injuries. It involves the use of a small arthroscope, which is inserted through tiny incisions to provide real-time imaging of the shoulder joint's interior. This technique is used to address issues such as rotator cuff tears, labral tears, impingement, and frozen shoulder, and others.  

There is an increase in the demand for shoulder arthroscopy treatment owing to surge in the prevalence of such conditions. For instance, according to an article published by the American Academy of Orthopedic Surgeons (2022), every year about 2 million people in the U.S. visit healthcare providers for rotator cuff tears. Shoulder arthroplasty procedure is the main treatment for rotator cuff tears, which increases its demand among the people suffering from conditions such as rotator cuff tears. This boosts the growth of the shoulder arthroscopy market size around the globe. 

In addition, the shoulder arthroscopy market trends include surge in incidence of other shoulder injuries, preference for minimally invasive procedures by patients, technological advancements in arthroscopic equipment, and an aging population seeking treatment for degenerative shoulder conditions. According to the World Health Organization (WHO), by 2030, approx. 1 in 6 people in the world will be aged 60 years or over and the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion in 2030.  

Older age is also characterized by the emergence of several complex health issues which are commonly known to be geriatric syndromes. Shoulder pain is a common problem in the elderly, which can frequently lead to disabilities among which adhesive capsulitis, rotator cuff disease, and osteoarthritis may stand as a major factor for the pain. Thus, demand for shoulder arthroscopy for diagnosis and treatment of these conditions increases with surge in population of elderly people. This propels shoulder arthroscopy market share.  

Furthermore, the increase in participation in sports and physical activities contributes to the demand for shoulder arthroscopy, making it a valuable approach in orthopedic care. There is an increased risk for shoulder injuries and associated conditions with surge in number of people engaging in sports and physical activities. These injuries can range from rotator cuff tears to labral tears and various forms of shoulders impingement. Thus, shoulder arthroscopies have become a preferred approach to orthopedic care. 

Also, technological advancements in shoulder arthroscopy instruments are anticipated to boost the market growth during the forecast period. Innovations such as high-definition imaging, 3D imaging, advanced surgical instruments, miniaturization, robot-assisted surgery, augmented reality, and data integration have made arthroscopy an efficient tool for joint treatment. These technological innovations not only enhance quality of care, but also enhance patient satisfaction and enhance the overall effectiveness of the healthcare delivery system. They also make the procedure more appealing to patients looking for minimally invasive and effective solutions for shoulder injury and conditions and are expected to drive the growth of the market during the forecast period. 

On the basis of product type, the market is segmented into arthroscopes, power shaver systems, shoulder arthroscopic implants, arthroscopic systems, and others. Shoulder arthroscopic implants dominated the market in 2022 in terms of revenue, owing to the rise in adoption of arthroscopic procedures for shoulder injury treatment. On the other hand, the arthroscopes segment anticipated to be the fastest growing segment during the forecast period, which is attributed to the technological advancements in arthroscopes for obtaining high quality images.  

On the basis of indication, the market is segmented into rotator cuff tears, shoulder instability or dislocation, frozen shoulder, shoulder impingement syndrome and others. The rotator cuff tears segment held a dominant shoulder arthroscopy market share in terms of revenue in 2022. This growth is attributed to the rising incidences of rotator cuff tears caused by sports and other physical injuries. On the other hand, shoulder impingement syndrome segment is anticipated to be the fastest growing segment during the forecast period, owing to the increasing number of shoulder injuries related to sports and increasing adoption of shoulder arthroscopy for its treatment. 

Based on end user, the hospitals segment dominated the market in 2022, owing to the state-of-the-art medical equipment, including arthroscopic tools, and imaging systems, offered by hospitals which are essential for conducting shoulder arthroscopy efficiently and with precision. On the other hand, the ambulatory surgical centers segment is anticipated to be the fastest growing segment during the forecast period, which is due to the rise in number of ambulatory surgical centers and surge in number of arthroscopy procedures in ASC in developed nations.  

Based on region, the shoulder arthroscopy market analysis is doen accross North America, Europe, Asia-Pacific and LAMEA. North America dominated the market in terms of revenue in 2022, which is attributed to various factors including the well-established healthcare infrastructure and availability of highly advanced medical facilities in this region. In addition, people in this region are aware about the advanced medical facilities for treatment of various orthopedic conditions and have sufficient healthcare spending, which further increases the adoption of shoulder arthroscopy procedure in this region.  

Furthermore, significant presence of key players in countries such as the U.S. fosters the growth of the shoulder arthroscopy market. These players offer highly innovative and high-quality products which increases their adoption in the number of healthcare facilities, thereby propelling market growth. 

On the other hand, the Asia-Pacific region is anticipated to be the fastest growing region during the shoulder arthroscopy market forecast period. The growth in this region is anticipated owing to the developing healthcare facilities and infrastructure in countries such as India, China, and Japan. In addition, healthcare providers are becoming aware regarding new technologies for arthroscopy, which is expected to increase the adoption of these instruments in the Asia-Pacific region. In addition, high population bases and significant geriatric population in this region is also contributing to the market growth. 

Key findings of the study  

• By product type, the shoulder arthroscopic implants segment was the highest revenue contributor to the shoulder arthroscopy industry in 2022. 

• By indication, rotator cuff tears segment was the highest revenue contributor to the market in 2022. 

• By end user, the hospitals segment was the highest contributor to the market in 2022 in terms of revenue, whereas the ambulatory surgical centers segment is anticipated to grow at a fastest rate during the forecast period.   

• Region wise, North America generated the largest revenue in 2022 for shoulder arthroscopy industry, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.