According to the report “Global Sports Medicine Market", published by Market Data Forecast, the global market is projected to reach USD 8444 million by 2020, at a CAGR of 8.1% from 2016 to 2021.
The branch of medicine that deals with physical fitness and prevention of injuries and treatment related to sports and exercise is known as Sports medicine or sport and exercise medicine (SEM). Sports medicine market consists of products and procedures that are used by both amateur and professional sportspersons all over the world. Typically, they help them in preventing and curing major ailments occurred due to the nature of the games. In some cases, they might enhance their performance also.
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Orthobiologics is the most promising segment of all, owing to rising global awareness of injuries in sports. USA, Europe and Japan with their dominant sporting cultures and developed economies occupy about three fourths of the market. In addition, By Application the market is analysed as Head injuries, Shoulder injuries, Elbow and Wrist injuries, Back and Spine injuries, Hip and groin injuries, Knee injuries and Foot and Ankle injuries.
The factors affecting the Global Market for Sports Medicine Market, either positively or negatively are presented in the DROC analysis. Some of the factors discussing in this are rising Healthcare expenditure and general awareness among people, new factors like demand for minimally invasive surgeries and technological advancement in implants are acting as the driving forces of the market. But high cost of new procedures and sub-standard infrastructure in some developing countries are constraining the growth of the market.
For granular level understanding the Sports Medicine Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
- By Product Type:
- Reconstruction and Repair
- Arthroscopy Devices
- Fracture and Ligament Repair Products
- Support and Recovery
- Braces and Support
- Thermal Therapy Products
- Topical Pain Relief Products
- Compression Clothing
- Monitoring Devices
- Other Body Support and Recovery Products
- By Application:
- Head Injuries
- Shoulder Injuries
- Elbow & Wrist Injuries
- Back & Spine Injuries
- Hip & Groin Injuries
- Knee Injuries
- Foot & Ankle Injuries
- Other Injuries
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Global Sports Medicine Market is segmented geographically by Region into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa and analysed individually along with individual stats for major countries. As mentioned earlier, USA is the leading force in the market but Asia has a huge potential, considering the population figures and growing incidences of sports related injuries. For more of regional analysis check out the following reports.
- North America Sports Medicine Market
- Europe Sports Medicine Market
- Asia-Pacific Sports Medicine Market
- Latin America Sports Medicine Market
- Middle East and Africa Sports Medicine Market
Some of the major players in this market are Smith & Nephew PLC, Arthrex, Inc., Ã¶ssur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet, Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.
The Global Sports Medicine Market study offers the following deliverables:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
- Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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