The Global Impingement Syndrome Market Growth is Accelerated by Increased Adoption of Novel Diagnostic Methods
Impingement syndrome refers to a painful condition affecting
the shoulders that occurs when soft tissues get compressed or pinched within
the subacromial space. It is primarily caused due to repetitive overhead
activities or because of instability or laxity of the shoulder joint. The
global impingement syndrome market is witnessing strong demand owing to rising
incidence rates of shoulder injuries associated with sports and extreme
physical activities. Non-invasive diagnostic techniques such as magnetic
resonance imaging (MRI) scans and ultrasound examinations play a crucial role
in accurately identifying underlying anatomical abnormalities. The global
impingement syndrome market is estimated to be valued at US$ 2,173.5 Mn in 2023
and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to
2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of advanced diagnostic methods such as MRI for precise
evaluation of soft tissue lesions is a key growth driver for the global
impingement syndrome market. MRI scans allow physicians to clearly visualize
structures like rotator cuff tendons, biceps tendon, labrum and cartilage in
three dimensions without using ionizing radiation. This has significantly
enhanced diagnostic accuracy and aided in developing targeted treatment plans.
Moreover, ongoing research efforts to develop novel biomarkers and imaging
techniques for early diagnosis of impingement syndrome are expected to further
fuel market expansion over the coming years.
Segment Analysis
Impingement syndrome market is dominated by non-surgical treatment segment.
This is because non-surgical treatments such as medication and physical therapy
are usually the first line of treatment recommended as they are safer options
and can effectively relieve pain and improve shoulder function in many cases.
Non-surgical treatments avoid risks associated with surgery and help
rehabilitate the shoulder without any incisions.
Key Takeaways
The global impingement
syndrome market is expected to witness high growth over the forecast period
of 2023 to 2030. Factors such as rising prevalence of shoulder pain disorders,
growing geriatric population, increasing incidence of sports injuries and
automobile accidents are expected to drive the demand for diagnosis and
treatment of impingement syndrome.
Regional analysis: North America is currently the dominant region in the
impingement syndrome market. This is attributed to increasing healthcare
expenditure, rising awareness about shoulder disorders, growing number of
sports injuries and favorable reimbursement policies in the region. Asia
Pacific is expected to witness fastest growth over the coming years. Improving
access to healthcare facilities, rising disposable incomes, growing senior
population in countries such as China and India are propelling the market
growth in Asia Pacific.
Key players: Key players operating in the impingement syndrome market are
Thermo Fisher Scientific Inc., GE Healthcare, Merck KGaA, Bio-Rad Laboratories,
Inc., Lonza, Abcam plc, PerkinElmer Inc., Bio-Techne, BioVision Inc., Cell
Signaling Technology, Inc., and Geno Technology Inc. Thermo Fisher Scientific
and GE Healthcare have a significant market share due to their broad product
portfolio and widespread distribution channels. Other players are focusing on
new product launches, expanding to emerging markets and acquiring smaller
companies to strengthen their positions in the impingement syndrome market.
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