Keyhole Orthopedic Surgery Market Size

Keyhole Orthopedic Surgery Market size was valued at USD 5.35 Billion in 2023 and is poised to cross USD 12.89 Billion by the end of 2036, registering more than 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of keyhole orthopedic surgery is estimated at USD 5.72 Billion.. The growth of the market is primarily attributed to the higher demand for joint treatment across the globe as a result of illnesses, diseases, injuries, traumas, accidents, and fatalities. As of 2020, approximately 1.5 million knee replacements were observed across the globe.

Furthermore, the global keyhole orthopedic surgery market is also projected to grow on the back of an escalating number of people receiving knee surgeries. Keyhole orthopedic surgery, also known as arthroscopic, is a surgical method that allows a surgeon to reach inside the pelvis, abdomen, and joints without making any large incisions on the upper layer of skin. A surgeon requires a tube-guided camera or arthroscope connected to a monitor via fiber-optic to perform keyhole orthopedic surgery. The rising inclination of keyhole orthopedic surgery is interlinked with the significant risk rate of open surgery. For instance, the failure rate of open surgery is projected to be approximately 15% to 35%. In addition, the rapid surge of problems in the musculoskeletal system such as osteoarthritis, arthritis, back pain, fibromyalgia, plate injuries, and osteonecrosis is also expected to increase the demand for keyhole orthopedic surgery during the next few years. Also, the rising number of incidents and accidents occurring every day resulting in fractures in bones, tears of ligaments, tearing of tissues, and other issues are considered to be an indicator of positive growth for the global keyhole orthopedic surgery during the forecast period.