Arthroscopic Hand Instruments Market Analysis | United States | 2017-2023 | MedCore
Hand instruments are mostly non-disposable, unpowered, metallic instruments that are used as hand tools for surgery. These include, but are not limited to, graspers, knives, probes, punches, scissors, scissor punches, dissectors and shears.
Each of these tools comes in a variety of configurations and geometries to suit surgeon preference and surgical need. Because hand instruments are essentially a commodity market, the key differentiating factors are ergonomics and surgeon preference. Hand instruments are often sold as part of a complete package of devices for the treatment of a specific indication, such as anterior cruciate ligament reconstruction or rotator cuff repair. More recently, they are becoming available for hip arthroscopy and small joint repair.
- Year: 2017
- Scope: 2013-2023
- Region: United States
- Published Date: 6/1/2017
- Pages: 367
- Type: MedCore
A major limiter of this market is the non-disposable nature of hand instruments. Most of these products are metallic and long lasting, meaning that there is not a frequent demand for hand instruments. Additionally, many experienced surgeons are reluctant to try new designs and stay with the older generations of hand instruments out of familiarity.
Hand instruments are mostly non-disposable, unpowered, metallic instruments that are used as hand tools for surgery. These include, but are not limited to, graspers, knives, probes, punches, scissors, scissor punches, dissectors and shears. Each of these tools comes in a variety of configurations and geometries to suit surgeon preference and surgical need. Because hand instruments are essentially a commodity market, the key differentiating factors are ergonomics and surgeon preference.
Segments Covered in This Market
- Arthroscopic Hand Instrument Market
Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope (3 Year Historical + 7 Year Forecast Period)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares
- Product Portfolios
- Related Press Releases from Top Competitors
The leading competitor in the market for hand instruments was Arthrex. Arthrex is a privately held company and a leader in sports medicine. Smith & Nephew was the second leading competitor in the hand instruments market in 2016. The companys position was based on sales of the ACUFEX line of instruments, which includes a line specific for knee, small joint and hip procedures. ConMed Linvatec was the third leading competitor in the hand instrument market in 2016. The company offers the SHUTT® and CONCEPT® manual instrument product lines. Other companies analyzed include Karl Storz, DePuy Mitek, Stryker, Richard Wolf and Zimmer Biomet.
About Our In-Depth MedCore Research
Our analysts meticulously research for up to 3 to 4 months to put together one suite of reports (MedSuite), which is a comprehensive analysis on a group of healthcare markets. A MedCore is one portion of that analysis that focuses on one market segment, and provides further detailed segmentation to get a much more granular set of market data.
This MedCore is also found in the full report suite titled U.S. Market Report Suite for Arthroscopic Devices – MedSuite
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.