Keyhole Orthopaedic Surgery Market

Keyhole Orthopaedic Surgery Market Snapshot (2022 to 2032)

The global Keyhole Orthopaedic Surgery Market is estimated to create an incremental opportunity of more than USD 8 Billion by the end of 2032. The demand for keyhole orthopaedic surgery is expected to surpass USD 5.5 Billion by 2022, surging at a CAGR of 6% to 7% during the forecast period 2022 to 2032.

Report Attribute	Details
Keyhole Orthopaedic Surgery Market Base Year Value (2021)	USD 5.2 Billion
Keyhole Orthopaedic Surgery Market Expected Value (2022)	USD 5.5 Billion
Keyhole Orthopaedic Surgery Market Anticipated Value (2032)	USD 8 Billion
Keyhole Orthopaedic Surgery Market Projected Growth Rate (2022 to 2032)	6% to 7% CAGR

Keyhole orthopaedic surgery, also referred to as arthroscopic, is a surgical procedure that is used to treat problems related to joints. This procedure assists in the diagnosis and treatment of joint problems, involving the insertion of a thin tube-guided camera to take a close look at affected joint areas including the shoulder, knee, ankle, hip, wrist, elbow, and others.

What are the Key Drivers Accelerating the Demand for Keyhole Orthopaedic Surgeries in the Market

Keyhole orthopaedic surgery is generally performed on an outpatient basis and is used to treat conditions such as damaged or torn cartilage, loose bone fragments, torn ligaments, inflamed joint linings, and scarring within joints among others.

This orthopaedic procedures allows surgeons to examine and repair the damage near joints using pencil-thin surgical equipments which is inserted through small incisions.

Keyhole orthopaedic surgeries are gaining huge popularity, owing to their favorable attributes such as minimally invasive, less loss of blood during procedure, shorter hospital stay post-surgery, faster recovery, and fewer scars among others. This is anticipated to bolster the sales of keyhole orthopaedic surgery in the global market.

Which are Major Restraints Causing Hindrance for the Keyhole Orthopaedic Surgeries Market Growth

Extravagant cost of keyhole orthopaedic surgical procedures, need for expensive surgical equipments & accessories, and postoperative complications related to these procedures are some of the factors hindering the sales in the global market.

Highly skilled and qualified professionals are required to perform such complex minimally invasive surgeries. Hence, lack of such personnel across certain developing and underdeveloped countries is further restraining the growth in the keyhole orthopaedic surgery market.

Why Does North America Account for the Largest Share in the Global Keyhole Orthopaedic Surgeries

As per a study by Future Market Insights, North America is anticipated to emerge as the most lucrative market for keyhole orthopaedic surgery from 2022 to 2032.

Increasing customer inclinations towards minimally invasive medical processes are accelerating the demand for keyhole orthopaedic surgeries. This, in addition to, growing advancements in technology, leading players in the market are aiming at launching novel tools and assistive equipments to capitalize on the existing opportunities.

For instance, in 2019, Stryker, an American multinational medical technologies corporation announced introducing four visualization tools for keyhole orthopaedic surgery - HipCheck, 1688 AIM 4K Platform, and others, to improve the patient outcomes and surgical efficiency. Such new product launches and development are estimated to augment the growth in the North America market.

Why is the Demand for Keyhole Orthopaedic Surgeries Surging in the South Asia Market

South Asia is projected to account for a significant share in the global keyhole orthopaedic surgery market during the forecast period 2022 to 2032, states FMI.

Due to growing traffic and vehicular fleet, a significant rise in road accidents is being witnessed across South Asia, resulting in the propelling the demand for joint diagnosis and treatment procedures. According to a study by the National Crime Records Bureau, around 354,796 road accident cases were reported across India in the year 2020.

As keyhole orthopaedic surgeries are extensively used for the treatment of ailments such as loose bone fragments, scarring within joints, torn or damaged cartilage, and torn ligaments caused during the accidents, growing number of road accidents is facilitating the sales in South Asia market.

Market Competition

Some of the leading players in the keyhole orthopaedic surgery market are Stryker Corp., Surgical Holdings, Geister Medizintechnik GmbH, STI Laser Industries, Ltd, Zimmer Biomet, DePuy Synthes, Smith & Nephew, DJO Global, Medtronic Spinal, Integra Lifesciences, Globus Medical, NuVasive Inc., Wright Medical.

The market for keyhole orthopaedic surgery is highly competitive, attributed to increasing research and development activities for launching advanced products by key companies.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 6% to 7% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Indication, Application, End User, Region
Countries Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan;  Middle East and Africa
Key Companies Profiled	Stryker Corp.; Surgical Holdings; Geister Medizintechnik GmbH; STI Laser Industries, Ltd; Zimmer Biomet; DePuy Synthes; Smith & Nephew; DJO Global; Medtronic Spinal; Integra Lifesciences; Globus Medical; NuVasive Inc.; Wright Medical; Others
Customization	Available Upon Request

Key Segments Profiled in the Keyhole Orthopaedic Surgery Market Survey

By Indication:

• Torn Meniscus
• Torn or Damaged Cruciate Ligament
• Inflamed Synovial Tissue
• Torn Pieces of Articular Cartilage
• Misalignment of Patella
• Baker’s Cyst

By Application:

• Hip
• Shoulder
• Knee
• Foot
• Elbow
• Ankle
• Hand & Wrist
• Sport Injuries

By End User:

• Hospitals
• Orthopaedics Clinics
• Ambulatory Surgical Centers
• Diagnostics Centers

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the sales forecast for keyhole orthopaedic surgery in the global market until 2032?

FMI projects the sales of keyhole orthopaedic surgery in the market is expected to rise at 6% to 7% value CAGR by 2032

Which region is forecast to be the most lucrative for keyhole orthopaedic surgery market growth?

The global keyhole orthopaedic surgery market is expected to be dominated by North America the forecast period 2022 to 2032.

Which are some leading keyhole orthopaedic surgery manufacturers?

Stryker Corp., Surgical Holdings, Geister Medizintechnik GmbH, STI Laser Industries, Ltd, Zimmer Biomet, DePuy Synthes, Smith & Nephew, DJO Global, Medtronic Spinal, Integra Lifesciences, Globus Medical, NuVasive Inc., Wright Medical, and others are some of the leading players in the prominent keyhole orthopaedic surgery market.