Latin America and emerging economies of Asia-Pacific expected to become attractive markets for arthroscopic devices

 

As per a research report published by Future Market Insights, Latin America and the emerging geographies of Asia may become attractive markets globally for arthroscopic devices. These devices help physicians see inside joints during an arthroscopic procedure. The orthopedics industry has witnessed many private equity transactions, several mergers & acquisitions and innovative product launches fueling the growth of the global arthroscopic devices market. The rising geriatric population pool and increasing use of robotics in the medical technology field are also the key drivers of market growth. North America is currently leading the market worldwide, followed by Europe. India and China are reporting fast growth rate owing to low taxation, rise in disposable incomes and governmental support in terms of investment.