Global Arthroscopy Cannula Market: Introduction
Arthroscopy cannula is used in the procedure to diagnose and treat joint problems. It is utilized to treat injuries of the knee, shoulders, elbow, ankles, hip, and wrist joints. Arthroscopy is a very safe procedure and complications are uncommon. An arthroscopic cannula is inserted in an appropriate direction opposing the fracture defect. Arthroscopy is the most commonly performed orthopedic procedure in the U.S. Arthroscopy is performed under general anesthesia, local anesthesia, and sedation in an ambulatory setting. The procedure is divided as single or dual puncture, and it completely depends upon the trocars used to penetrate the superior joint space.
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Key Drivers of Global Arthroscopy Cannula Market
Increasing prevalence of Hip Injury
Hip osteoarthritis (OA) pain and disability among older adults and a predominant reason for total hip replacement in the U.S. Half a million procedures are expected to be carried out annually by 2030. More than half of the individuals with symptomatic knee osteoarthritis are younger than 65. 62% of individuals with osteoarthritis are women. 99% of all hip and knee replacements are done to address pain and functional limitations. Over 50% of people with knee osteoarthritis are likely to have a total knee replacement done during their lifetime. The percentage reporting hip pain was 19.2%, while 32.6% reported knee pain. The percentage reporting hip and knee pain was 11.3%, and 40.7% reported hip or knee pain. According to Orthopaedic Journal of Sports Medicine, hip and groin pain is a common complaint among athletes and is estimated to account for 5% to 6% of all sports injuries, respectively.
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Rise in Prevalence of Soft Tissue Injury
As few as 20% of soft tissue knee injuries are presented to and managed in emergency departments and hospitals. About 50% of all knee injuries are associated with non-sporting activities such as those in middle age and above. According to National Library of Medicine, soft tissue injuries had an incidence of 4.6 injuries per 100 man-months and resulted in no loss and only 106 modified work days.
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North America to Account for Major Share of Global Arthroscopy Cannula Market
- North America is projected to account for a major share of the global arthroscopy cannula market during the forecast period. The market in the region is anticipated to expand at a rapid pace in the next few years due to an increase in research & development and technologically advanced products being introduced in the market. Europe is expected to be the second-largest market during the forecast period owing to advanced facilities provided by the hospital infrastructure in the region.
- The arthroscopy cannula market in Asia Pacific is likely to expand at a high CAGR during the forecast period owing to the dense population and high birthrate in the region
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Key Players Operating in Global Arthroscopy Cannula Market
The global arthroscopy cannula market is highly consolidated owing to the presence of several key players.
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