Keyhole Orthopedic Surgery Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

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The keyhole orthopedic, also known as minimally invasive orthopedic surgery or arthroscopy is a surgical technique which involves small incisions. In this technique the healthcare professionals uses arthroscope which is a small camera that is inserted into the joint in order to diagnose and treat various orthopedic conditions. The orthopedic conditions include Torn Meniscus, Torn or Damaged Cruciate Ligament, Inflamed Synovial Tissue, Torn Pieces of Articular Cartilage, Misalignment of Patella, it offers several benefits over traditional open surgery, including reduced pain, shorter recovery times and minimal scarring. This is widely used for procedures including hips, shoulder, knee, foot, elbow, ankle, hand & wrist, sports injuries.

MARKET OVERVIEW

The market valuation of keyhole orthopedic surgery market was valued at approximately USD 5.83 billion in 2023 and is projected to reach USD 9.12 billion in 2034 exhibiting a CAGR of 7.0% during the forecast period of 2024-2034. Keyhole orthopedic surgery provides a convenient and minimally invasive way to do orthopedic surgery. The market is aligned with healthcare sector, which makes it a sustainable and growing market.


GROWTH DRIVERS

The increase incidence of orthopedic disorder conditions like osteoarthritis, rheumatoid arthritis sports injuries or more drives the demand for minimally invasive surgical options among the patients. The World Health Organization (WHO) has reported that the number of people with musculoskeletal conditions is increasing due to population growth and aging. The WHO projects that cases of other musculoskeletal disorders will increase by 115% from 2020 to 2050, reaching an estimated 1060 million cases by 2050. Musculoskeletal conditions can cause pain, limit mobility, and lead to disability, early retirement, and reduced quality of life. This drives the market significantly towards adoption and growth.

The technological innovations like high-definition cameras enhanced imaging techniques sophisticated surgical instruments and more have significantly improved the procedure and outcomes of the keyhole automatic surgeries which drives the adoption and growth of the market. According to GE Healthcare, medical imaging strongly contributes to establishing accurate and timely diagnoses, informs and guides treatment decisions, and contributes to improving treatment outcomes. According to Omnia Health, the interest in medical X-ray imaging has significantly evolved considering their rising popularity as valuable medical tools in a wide variety of procedures and examinations for noninvasively helping in diagnosing diseases and monitoring therapy. These products have an upper hand over other imaging technologies as they not only support medical and surgical treatment planning, but also guide medical personnel in inserting catheters, and stents inside the body.

The growing aging are more incident to orthopedic issues, as the global pollution energy is the prevalence of joint related issues increases, which leads to higher demand of the market.  The world's population of people aged 60 and older is growing at an unprecedented rate and is expected to double by 2050. The percentage of people aged 65 and above is also increasing faster than those below that age and is projected to rise from 10% in 2022 to 16% in 2050, according to WHO. The increase in sports participation and physical activities has let their incidence of sports related injuries which necessitates advanced surgical solutions including keyhole orthopedic surgery market.

According to Nationwide Children's, an estimated 25 million scholastic, and another 20 million organized community-based youth programs in the United States, the opportunity for injury is enormous. This is why sports injuries are the second leading cause of emergency room visits for children and adolescents, and the second leading cause of injuries in school. Approximately three million youth are seen in hospital emergency rooms for sports-related injuries and another five million youth are seen by their primary care physician or a sports medicine clinic for injuries.

MARKET SEGMENTATION:

·         By Indication- Torn Meniscus, Torn or Damaged Cruciate Ligament, Inflamed Synovial Tissue, Torn Pieces of Articular Cartilage, Misalignment of Patella  

·         By Application- Hips, shoulder, knee, foot, elbow, ankle, hand & wrist, sports injuries

·         By End-User- Hospitals, orthopedics clinics, ambulatory surgical centers and diagnostics centers

·         By Region- North America, Europe, Asia Pacific, Middle East and Africa, South America

Keyhole Orthopedic Surgery Market Segment By Indication Review:

The torn meniscus is a common new injury knee injury often caused by twisting or turning quickly, it is frequently seen in athletes. The meniscus is a piece of cartilage that provides a cushion between the femur and tibia. The arthroscopic surgery allows surgeons to trim or repair the torn meniscus with minimal damage to surrounding tissues. The cruciate ligaments, such as the anterior cruciate ligament and posterior cruciate ligament, are crucial for knee stability, injuries to these ligaments often occur during sports or physical activities that involve sudden stops or changes in direction. The arthroscopic techniques are commonly used for reconstructing torn cruciate ligaments. It provides precise repairs with minimal invasion.

The synovial tissue lines the joint and can become inflamed due to conditions like rheumatoid arthritis.  This inflammation causes pain, swelling, and reduced mobility. The arthroscopic surgery can be used to remove inflamed synovial tissues which helps reduce pain and improve joint function. The articular cartilage covers the end of the bones and joints, allowing smooth movement. The pieces of this cartilage can become torn or damaged due to injury or degenerative diseases like osteoarthritis. It can be removed or repaired by arthroscopy, helping to restore joint function and alleviate pain. The patellar misalignment occurs when the kneecap is not properly aligned with the groove of the femur. This condition can cause pain and instability in the knee. The arthroscopy can realign the patella and address the underlying cause of misalignment such as tight or imbalanced muscles.


Keyhole Orthopedic Surgery Market Segment By Application Review:

The hip arthroscopy is used to diagnose and treat hip joint problems including labral tears, hip impingement and cartilage damage. This minimally invasive procedure allows surgeons to make small incision to insert a camera and surgical tools into the hip joint. The shoulder arthroscopy is employed to treat conditions like rotator cuff tears, shoulder and impingement syndrome, and labral tears. The procedure allows the small camera inserted into the shoulder joint to visualize and repair damaged tissues.

The knee arthroscopy is one of the most common applications used to address issues such as torn meniscus, ACL reconstruction and cartilage damage. The surgeons use a small incision for camera and instruments to repair or remove damaged tissues within the knee joint. The foot arthroscopy is used to diagnose and treat conditions like ankle instability, cartilage injuries and impingement syndromes. The elbow arthroscopy addresses conditions like tennis elbow, loose bodies and osteoarthritis. This procedure allows for the removal of the loose fragments and treatment of inflamed tissues.

The ankle arthroscopy is used to treat conditions like ligament tears, impingement and arthritis. The hand and wrist arthroscopy are used for conditions like carpal tunnel syndrome, ganglion cyst and ligament injuries. The surgeon uses small incisions to insert a camera and instruments into the hand or wrist joint, which enables precise diagnosis. The arthroscopy is extensively used to treat a variety of sports injuries, including torn ligament, cartilage damage or joint instability.

Keyhole Orthopedic Surgery Market Segment By End-Users Review:

The hospitals are the primary end users of keyhole orthopedic surgeries, providing comprehensive medical care and advanced surgical facilities. The hospitals offers a wide range of orthopedic surgeries, including arthroscopic procedures for various joints. They have the necessary infrastructure, including the operating rooms equipped with advanced arthroscopic equipments, post operative care units and rehabilitation services. The specialized orthopedic clinics focuses on the diagnosis and treatment of musculoskeletal conditions, often providing keyhole orthopedic surgeries.

These clinics typically have orthopedic specialists who are experts in minimally invasive surgical techniques. The ambulatory surgical centers are healthcare facilities that provide same day surgical care including diagnostic and preventive procedures. These centers are equipped with state-of-the-art surgical equipment and skill surgical teams, allowing them to perform keyhole orthopedic surgeries efficiently. The diagnostic centers primarily focuses on imaging and diagnostic services but are increasingly incorporating minor surgical procedures, including arthroscopy, for diagnostic and therapeutic purposes.

Keyhole Orthopedic Surgery Market Regional Analysis:

North America is a significant market driven by the factors like robust and well-established healthcare sector and growing number of orthopedic conditions. The Centers for Disease Control and Prevention (CDC) works to protect the health of 58.5 million men and women with arthritis in the United States. Europe is a valuable market driven by the robust medical industry and rise in aging population.

The European Union's (EU) population is aging, with the percentage of people aged 65 and older increasing from 16% in 2001 to 21.3% in 2023.  Asia Pacific is a rapidly growing market driven by the expanding healthcare sector in the growing economies like India, China and more. The Middle east and Africa is a promising market driven by the investments in healthcare infrastructure development. South America is another promising market due to improving healthcare services.


Key Challenges:

The advanced technology and specialized equipment hired for keyhole orthopedic surgery are expensive. This includes arthroscopic instruments, high-definition cameras, and robotic systems. This high initial cost may be a significant barrier for smaller hospitals and clinics as well as or the patients. According to PlacidWay Medical Tourism, the cost of an orthopedic visit varies greatly by country and can range from around USD 4,625 in India to USD 40,000 in the United States. These figures are average costs for orthopedic surgeries without insurance and can differ based on the specific procedure and location within each country.

Competitive Landscape:

In the highly competitive keyhole orthopedic surgery market, companies are investing heavily in research and development to innovate and improve the product and services. They are also collaborating, forming strategi partnerships, or acquiring other companies to gain access to new market segments, enhance distribution networks, and increase market share.  The recent news and development include -  Arthrex Inc. launched SwiveLock ACL Repair Kit, the first and only Food and Drug Administration-cleared primary repair kit for repairing anterior cruciate ligament (ACL) tears. Formus Labs raised USD 5 million and struck a partnership with Zimmer Biomet for the co-development and global distribution of its technology, in February 2022.

Global Key Players:

·         Stryker Corp

·         Surgical Holdings

·         Geister Medizintechnik GmbH

·         Zimmer Biomet

·         DePuy Synthes

·         DJO Global

·         Medtronic Spinal

·         Globus Medical

·         NuVasive

·         Other Players

Attributes

Details

Base Year

2023

Trend Period

2024 – 2034

Forecast Period

2024 – 2034

Pages

215

By Indication

Torn Meniscus, Torn or Damaged Cruciate Ligament, Inflamed Synovial Tissue, Torn Pieces of Articular Cartilage, Misalignment of Patella

By Application

Hips, shoulder, knee, foot, elbow, ankle, hand & wrist, sports injuries

By End-User

Hospitals, orthopedics clinics, ambulatory surgical centers and diagnostics centers

By region

North America, Europe, Asia Pacific, the Middle East and Africa, and South America

Company Profiles

Stryker Corp, Surgical Holdings, Geister Medizintechnik GmbH, Zimmer Biomet, DePuy Synthes, DJO Global, Medtronic Spinal, Globus Medical, NuVasive, Other Players

Edition

1st edition

Publication

June 2024

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