Artificial Intelligence
Global Arthroscopy Devices Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Regional Outlook and Forecast, 2022 – 2028
New York, June 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Arthroscopy Devices Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06283395/?utm_source=GNW
Arthroscopy devices can look for illnesses like osteoarthritis, rheumatoid arthritis, tendonitis, and bone tumors in the joints. Furthermore, the use of arthroscopy devices has increased as the frequency of sports-related injuries and the number of sports tournaments has increased. Furthermore, the need for intrusive therapies is increasing across the world. Also, technological improvements have allowed arthroscopy devices to be used for a wide range of bone and joint disorders, resulting in a significant arthroscopy devices market opportunity.
As per the World Health Organization, there were 1 billion persons aged 60 and more in 2019, with that number predicted to rise to 1.4 billion by 2030 and 2.1 billion by 2050. As a result, the number of patients with musculoskeletal diseases will rise, which will increase the demand for arthroscopy instruments. Furthermore, 1.71 billion individuals will be affected by musculoskeletal diseases by 2021, making it the biggest cause of disability worldwide. As a result, medical gadgets that can efficiently test and treat bone and joint disorders are in high demand.
Moreover, in emerging economies, spending on healthcare facilities is rapidly expanding. According to the India Brand Equity Foundation, India’s hospital business is predicted to reach approximately $372 billion in FY22, up from $61.79 billion in FY17, indicating a CAGR of roughly 16–17%. In addition, the use of arthroscopy devices allows patients to recover quickly and with few consequences.
COVID-19 Impact
COVID-19 virus quickly spread throughout several countries and regions, wreaking havoc on people’s lives and the community as a whole. It started as a human health issue and has since evolved into a major threat to global trade, economics, and finance. The pandemic of COVID-19 raised the relevance of government healthcare facilities, resulting in increased healthcare spending around the world. Furthermore, once the COVID-19 vaccine becomes available, the number of cases is projected to decrease. This has resulted in the reopening of full-scale research labs for arthroscopy devices. This will aid the market get back on the path to recovery by the beginning of 2022. Companies that make medical equipment must concentrate on safeguarding their employees, operations, and supply networks in order to respond to immediate circumstances and build new working practices after a pandemic.
Market Growth Factors
High Cases of Joint Replacement Surgery
The arthroscopy devices market is growing due to the rising demand for joint replacement surgeries across various regions. Hundreds of thousands of joint replacement surgeries are conducted in developed regions such as North America and Europe. The healthcare segment in these regions is developed and governments in these nations put an emphasis on the adoption of the latest devices, thus pushing the adoption of the latest arthroscopy devices. Growth in the geriatric population is leading to an increase in the cases of the knee and joint-related disorders since the elderly are more vulnerable to these diseases.
Technological Developments in the Arthroscopy Devices
The rising demand for arthroscopic gadgets in sports medicine is expected to present significant possibilities for market competitors. Manufacturers are working on arthroscopy equipment with high-definition cameras, improved suturing procedures, and specialized suturing materials to improve visualization. Arthroscopy devices improved the image qualoity from high definition to 4K. Surgical center leaders started to understand the many advantages of the improved image quality provided by 4K imaging. While regular high-definition imaging is undoubtedly good, there is a significant difference when they upgraded to 4K. With the help of 4K, pathology can be identified, exact measurements taken, diseases treated, and arthroscopic surgery performed with improved precision.
Market Restraining Factors
Negative Consequence of the Arthroscopy surgeries
Swelling is one of the most common symptoms of joint inflammation before any surgical treatment. Following surgery, knee swelling can sometimes remain and even increase. Swelling can happen as a consequence of prolonged inflammation, hemorrhage, or infection within the joint. Resting the knee joint, applying ice, wearing an elastic bandage, and raising the extremities are all methods for reducing swelling. However, for some patients, swelling persists after arthroscopic surgery, which can be a bothersome cause of discomfort. Swelling that becomes worse can be an indication of something more severe issues. The creation of scar tissue surrounding the knee joint, as well as prolonged inflammation of the knee joint, can cause stiffness in the knee joint.
Type Outlook
Based on Type, the market is segmented into Arthroscopes, Arthroscopic Implants, Radiofrequency Systems, Fluid Management Systems, Visualization Systems, Powered Shavers, and Others. The arthroscopic implants segment procured a substantial revenue share in the arthroscopy devices market in 2021. It is due to the availability of smart and personalized implants, arthroscopic implants have seen widespread acceptance in arthroscopic surgeries, providing lucrative market growth potential. These implants are effective for diaphyseal/metaphyseal reduction since they are designed to fit nicely and need little or no further bending. The demand for arthroscopic implants in internal tissue repair, bone grafting, joint fixation, and glenoid reconstruction has been boosted by the introduction of biodegradable implants and the demand for arthroscopic implants in internal tissue repair, bone grafting, joint fixation, and glenoid reconstruction.
Application Outlook
Based on Application, the market is segmented into Knee Arthroscopy, Hip Arthroscopy, Shoulder & Elbow Arthroscopy, and Others. The knee arthroscopy segment acquired the largest revenue share in the arthroscopy devices market in 2021. This occurred as a result of an increase in the number of patients suffering from bone illnesses like arthritis. The rise in the senior population and the amount of sports-related injuries are driving market expansion. A tiny camera is inserted into the knee joint during knee arthroscopy. The surgeon uses the images from the camera to control microscopic surgical instruments, which are displayed on a television monitor. Degenerative knee disease is a worldwide occurrence among the elderly that is becoming more common as the worldwide geriatric population grows. According to the World Health Organization, roughly 25% of persons over the age of 50 suffer from degenerative knee disease, which causes knee discomfort. The pain is debilitating, and a knee replacement treatment is frequently the last and only option for relief.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America acquired the largest revenue share of the arthroscopy devices market in 2021. Due to the rising frequency of bone-related ailments, which is predicted to raise demand for diagnostic testing devices such as arthroscopes, North America is expected to keep a prominent position in the arthroscopy device market throughout the forecast period. According to data published by the Centers for Disease Control and Prevention (CDC) in 2017, approximately 54.4 million persons in the United States had arthritis or rheumatoid arthritis between 2013 and 2015. By 2040, this population is predicted to rise to roughly 78 million.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Johnson & Johnson, Smith & Nephew PLC, ConMed Corporation, Stryker Corporation, Zimmer Biomet Holdings, Inc., Karl Storz SE & Co. KG, Arthrex, Inc., Richard Wolf GmbH, and Henke Sass Wolf GmbH.
Strategies deployed in Arthroscopy Devices Market
Aug-2021: Zimmer Biomet Holdings and Canary Medical received FDA approval for Persona IQ, the world’s foremost smart knee cleared by the FDA for complete knee replacement surgery. Persona IQ provides a plethora of objective data to track patients’ post-operative progress. The release of Persona IQ marked the beginning of an enthralling, continuous partnership between Zimmer Biomet Holdings and Canary Medical to create smart implant technologies that assist joint replacement patients to retrieve and maintain their mobility with conviction.
Jul-2021: Stryker received FDA approval for its InSpace balloon, the first balloon implant for arthroscopic treatment of massive irreparable rotator cuff tears (MIRCTs). The InSpace balloon implant is developed to reinstate the subacromial space without needing sutures or fixation devices and has been demonstrated to enhance shoulder movement and function.
Jun-2021: DePuy Synthes entered into an agreement with Navbit, an Australian start-up company. As per the agreement, DePuy Synthes introduced Navbit Sprint into operating theatres across Australia. The agreement considered a tremendous opportunity to support an Australian medical innovation, while simultaneously introducing a doctor and patient-centric solution to the market.
Dec-2020: Arthrex launched SwiveLock ACL Repair Kit. This kit has received approval from the U.S. Food and Drug Administration for the SwiveLock anchor for ACL repair. In addition, SwiveLock ACL Repair Kit is the first kit designed especially for ACL repair.
Nov-2020: Medtronic acquired Medicrea International, a French firm and a key supplier of spinal implants and instruments bringing advanced digital tools to the surgery suite. Medicrea led the development of spinal surgery through “artificial intelligence (AI), predictive modeling, and patient-specific implants.” The acquisition brought 30 CE Marked or 510(k) cleared spinal implant technologies to Medtronic.
Sep-2020: Smith+Nephew acquired the Extremity Orthopaedics business of Integra LifeSciences Holdings Corporation, a key player in regenerative technologies, neurosurgical and extremity orthopedic solutions devoted to limiting uncertainty for clinicians. The acquisition aimed to strengthen Smith+Nephew’s extremities business substantially by adding an amalgamation of complementary shoulder replacement and upper and lower extremities portfolio, a focused sales channel, and an enthralling new product pipeline.
Aug-2020: CONMED entered into a partnership with PrecisionOS Technology, a company that made the first-of-its-kind arthroscopy simulator available on a compact, wireless device (Oculus Quest). The simulator was utilized by CONMED International for surgeon training. The partnership aimed at expanding rapidly across the globe in training surgeons on this complex procedure.
Jan-2020: Smith+Nephew completed the acquisition of Engage Surgical, a company that owned the only cementless unicompartmental (partial) knee system commercially available in the US. The acquisition aimed to propel Smith+Nephew’s Robotics and Real Intelligence strategy. Partial knee procedures are complementary to robotics due to the need for accurate calibration and Smith+Nephew’s CORI Surgical System already supports the cemented JOURNEY II? unicompartmental knee.
Mar-2019: Stryker released HipCheck, HipMap, the 1688 Advanced Imaging Modalities (AIM) 4K Visualization Platform, and the Connected OR Hub. The HipCheck platform is centered on developing the area of hip arthroscopy as an interactive tablet integrating into the existing OR workflow. The 1688 AIM 4K Platform highlights numerous improvements like spectacular 4K resolution and fluorescence, auto-light technology, enhanced ergonomics, and seamless standardization. The Connected OR Hub assists in enhancing standardization in the operating room, Stryker’s Connected OR Hub permits seamless connectivity between devices.
Oct-2018: Johnson & Johnson Medical acquired Emerging Technologies, a company involved in the design of 3-D printed titanium interbody implants for spinal fusion surgery. The take-over helped DePuy Synthes, the orthopedic business of Johnson & Johnson, to improve an interbody implant portfolio that includes expandable interbody devices, titanium integrated polyetheretherketone technology, and would consist of 3-D printed cellular titanium for both marginally invasive and open spinal surgery.
Sep-2018: Stryker completed the acquisition of Invuity, a leader in advanced photonics and single-use, lighted instruments. With the acquisition, Stryker gained Invuity’s innovative products in the single-use lighted instrumentation and improved energy markets, which offer best in class illumination and make surgery safer.
Scope of the Study
Market Segments covered in the Report:
By Type
• Arthroscopes
• Arthroscopic Implants
• Radiofrequency Systems
• Fluid Management Systems
• Visualization Systems
• Powered Shavers
• Others
By Application
• Knee Arthroscopy
• Hip Arthroscopy
• Shoulder & Elbow Arthroscopy
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Medtronic PLC
• Johnson & Johnson
• Smith & Nephew PLC
• ConMed Corporation
• Stryker Corporation
• Zimmer Biomet Holdings, Inc.
• Karl Storz SE & Co. KG
• Arthrex, Inc.
• Richard Wolf GmbH
• Henke Sass Wolf GmbH
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06283395/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.
“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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Artificial Intelligence
Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms
MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.
SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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