Vancouver, BC -- (ReleaseWire) -- 07/07/2017 --According to a new series of reports on the U.S. market for arthroscopic devices by iData Research (www.idataresearch.com), the transition to premium-priced bipolar radiofrequency (RF) probes will apply upward pressure to the value of the total RF probe market. However, the expiration of ArthroCare's COBLATION® patents has enabled Arthrex and ConMed Linvatec to launch new bipolar probes, causing substantial disruption in the high-value RF probe market. This increased competition in the bipolar RF probe segment is expected to drive modest price erosion, limiting growth. Firms launching new bipolar RF probes will seek to transition existing accounts from monopolar technology to their new bipolar RF probes. This effort is expected to cause unit sales of the monopolar segment to contract rapidly over the next several years.
"Arthrex and ConMed Linvatec are expected to transition existing accounts from monopolar technology to their new bipolar RF probes in the coming years," explains Jeffrey Wong, Strategic Analyst Manager at iData Research. "Price erosion will be more pronounced among less sophisticated bipolar probes, while bipolar probes featuring more advanced technology will maintain prices."
The majority of the RF probe market is composed of bipolar radiofrequency probes, which are more technologically advanced than their monopolar counterparts. Buyer identity plays a large role in determining whether new or older model RF probes are purchased. Hospitals with large budgets and better reimbursement are able to afford the newer RF probes, whereas physician-owned surgery centers are more inclined to buy affordable, older model devices. Bipolar RF probes are expected to continue to dominate the market over the next several years.
Smith & Nephew is the leading competitor in the total U.S. arthroscopic devices market and in the total RF probe market. The company has the strongest showing in the high-value RF probe segment. Smith & Nephew's position in the bipolar RF probe market increased substantially in 2014 when it completed the acquisition of ArthroCare.
DePuy Mitek is the second leading competitor in the total RF probe market. The company is strongest in the suture passer segment which is the fastest growing U.S. arthroscopic devices market. Additional competitors in the U.S. radiofrequency probe market includes Arthrex, ConMed Linvatec, and Stryker among others.
For Further Information
More on the radiofrequency probe market in U.S. can be found in a series of reports published by iData Research entitled the U.S. Market Report Suite for Arthroscopic Devices. The U.S. market for arthroscopic devices includes arthroscopes, disposable cannulas, hand instruments, fluid management disposables, power instruments, shaver blades, radiofrequency (RF) probes, drill guide systems and disposables and suture passers.
Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment. To find out more about arthroscopic device market and procedure data, register online or email us at info@idataresearch.net for a U.S. Market Report Suite for Arthroscopic Devices brochure and synopsis.
About iData Research
iData Research (www.idataresearch.com) is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Wound Management, Orthopedic Soft Tissue, Orthopedic Biomaterials, Orthopedic Soft Tissue Reinforcement and Regeneration, Spinal Implants and VCF, Spinal MIS, Orthopedic Trauma, Large & Small Joints, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology, Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology, Orthopedics and more.
We have built a reputation and earned our clients' trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success.
Smith & Nephew, DePuy Mitek Lead Competitive US Market for Arthroscopic Radiofrequency Probes
Overall, the total U.S. arthroscopic devices market is expected to increase to reach a value of approximately $1.9 billion by 2023