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Arthroscopy is a surgical procedure used to visualize and treat problems inside a joint by orthopedic surgeons. In this procedure, an orthopedic surgeon makes a small incision in the patient's skin and inserts pencil-sized instruments that comprise a lighting system and a small lens to illuminate and magnify the structures inside the joint. Light gets transmitted through fiber optics to the end of the arthroscope inserted into the joint. The surgeon can see the interior of the joint through this small incision by attaching the arthroscope to a tiny camera. Rise in cases of musculoskeletal disorder due to increase in geriatric populations, and the surge in adoption rate of utilization of arthroscopes by hospitals are the factors that propel the single axis arthroscopy market growth.
COVID-19 Impact analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the single axis arthroscopy market.
Top Impacting Factors
Single Axis Arthroscopy Market Trends
New product launches to flourish the market
In August 2019, Integrated Endoscopy, a medical device company started international pilot launch of the NUVIS arthroscope. NUVIS is a battery-run arthroscope designed to give high-definition visualization through a proprietary optical design.
Key Benefits of the Report
Questions answered in the single axis arthroscopy Report
Single Axis Arthroscopy Market Report Highlights
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Key Market Players | RichardWolf, Smith and Nephew, Henke-Sass Wolf GmbH, XION GmbH, Arthrex, Olympus, KARL STORZ, Biotek, CONMED Corporation, Stryker |
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