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North America Sports Medicine & Therapies market 2018; Growing CAGR of 8.6 % with Worldwide Best Key Merchant | Asserts MRFR Unleashing Industry Forecast Up To 2023
Sports Medicine & Therapies market
Medicine & Therapies market - Scenario
Sports Medicines are used for the treatment of the sports related injuries. North America commands the highest market for the sports medicines across the globe. North America sports medicine market is driven by increasing prevalence of sports injuries and increasing health awareness amounts the individuals. Increasing adoption of the sports by elderly population and increasing health care expenditure per person is also contributed the growth of market. However lack of skilled professionals and high cost of the sports injury treatment may restrain the growth of market. North America sports medicine & therapies market is expected to grow at a CAGR of 8.6 % during forecasted period.
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Medicine & Therapies Market - Overview
Sport medicines and therapies is a medical branch which deals with the treatment and therapeutics of the injuries of the athletes and others sports persons. Many drivers and restrains are projected to affect market growth during the forecast period. Increasing prevalence of sports injuries and increasing health awareness followed by the rising adoption of the sports by elderly population are the major drivers for the market growth. Moreover, growing per capita healthcare expenditure will fuel the market during the forecast period.
The North America Sports Medicine & Therapies is growing with the rapid pace. According to a recent study report published by the Market Research Future, the North America Sports Medicine & Therapies is booming and is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 - 2023).
Medicine & Therapies Market - Key Players
Smith & Nephew plc (UK), DePuy Synthes (US), Medtronics (UK), Zimmer (US), Arthrex, Inc. (US), Stryker Corporation (US), Breg, Inc. (US), CONMED Corporation (US), Tornier N.V. (US), DonJoy, Inc. (US), Mueller Sports, Inc.(US), Ottobock Healthcare GmbH (Germany), DJO Global (US), Cramer, Inc.(US) are some of the prominent players at the forefront of competition in the North America Sports Medicine & Therapies and are profiled in MRFR Analysis.
Medicine & Therapies Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the North America Sports Medicine & Therapies Market appears to be a highly competitive and fragmented market. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
Medtronic is one of the significant players in the market. The company is U.S. based and is one of the global leaders in providing cardiovascular products. The company enhances its products sales across the globe by the strategy of acquisitions, collaboration which is followed by product launches to tap the growing markets of the middle and low income countries. In 2016, the company’s revenue was about USD 28,833 million and R&D expenditure accounted for 7.7% of the total revenue.
In Aug-2016, Medtronic completed the acquisition of HeartWare International, Inc., a leading innovator of less-invasive, miniaturized, mechanical circulatory support technologies (MCS) for treating patients with advanced heart failure.
In Sep-2017, Stryker completed the acquisition of NOVADAQ Technologies Inc. NOVADAQ is a leading developer of fluorescence imaging technology that provides surgeons with visualization of blood flow in vessels, and related tissue perfusion in cardiac, cardiovascular, gastrointestinal, plastic, microsurgical, and reconstructive procedures.
In Jan-2016, CONMED Corporation completed the acquisition of privately-held SurgiQuest, Inc.
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Medicine & Therapies Market - Regional Analysis
The North America leads global sports medicine & therapies. This can be attributed due to the technology advanced healthcare market within the region. The North America is followed by Europe. Countries like the U.K, France, Germany and Russia within the region are extensively grows the market in the presence of the developed healthcare sector. The Asia Pacific is the fastest growing market. On the other hand, Middle East & Africa have the least share of the market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
NORTH AMERICA SPORTS MEDICINE & THERAPIES MARKET, BY PRODUCT
5.1 HELPING FRACTURES HEAL
5.1.1 BONE GRAFT SUBSTITUTES
5.1.2 BONE MORPHOGENETICS PROTEINS
Major TOC Continued…!
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