Sports Medicine Market: Evolving Technology In Orthopedic Devices Industry Trends Analysis 2018 - Dominated By Stryker Corporation, CONMED Corporation, Johnson & Johnson, Bird & Cronin, Inc., Zimmer Biomet, Anika Therapeutics, Ossur - Forecast 2024

Sports Medicine Market Research Report provides in-depth information and professional study 2018-2024 of Sports Medicine Industry. This Report is segmented into Manufactures, Types, Applications and Regions. Sports Medicine Market report also shares details of upstream raw materials, downstream demand, and production value with some important factor that can lead to market growth.

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Report Analysis:

Global Sports Medicine Market is expected to reach USD 32,199.3 million by 2024 from USD 16,520.0 million in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Sports Medicine Market, By Product Type (Orthobiologics (Bone Graft Substitutes, Viscosupplementation, BMC, PRP), Surgical Devices (Plates and Screws), Arthroscopy Devices, Orthopedic Braces and Supports), By Body Area (Knee, Hip, Shoulder & Elbow, Foot & Ankle, Wrist & Hand), By End Users (Orthopedic Clinics, Hospitals, Ambulatory Surgical Centers, Others), By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Trends and Forecast to 2024

Key Drivers: Global Sports Medicine Market

Some of the major factors driving the market for global sports medicine market are increasing incidences of sports injuries, increasing adoption of arthroscopic surgeries, continuous influx of new products and treatment modalities, growing research activities in sports medicine, developments in the field of regenerative medicine, and increased adoption and acceptance of arthroscopy & minimally invasive procedures rising prevalence of chronic diseases. These factors increase the demand for devices such as bone graft substitutes, surgical devices, and arthroscopy devices.

Minimally invasive procedures such as arthroscopy are in high demand since they significantly reduce the recovery time and result in reduced bleeding and scarring.

Growing awareness of various lifestyle diseases has resulted in a significant increase in participation in various sports and physical activities across the globe.

The use of regenerative medicine in sports injuries has led to very promising treatment options in sports medicine.

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Key Points: Global Sports Medicine Market

Arthrex, Inc. is going to dominate the global sports medicines market following with Smith & Nephew and DePuy Synthes, along with others such as Stryker Corporation, CONMED Corporation, Johnson & Johnson, Bird & Cronin, Inc., Zimmer Biomet, Anika Therapeutics, Ossur, Breg Inc., Mueller Sports Medicine, Inc., DJO global, Medtronic.

Knee market segment is expected to account for the largest share.

Globally surgical devices are driving the market with the highest market share. However, orthobiologics are growing with the highest CAGR.

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Market Segmentation: Global Sports Medicine Market

The global sports medicine market is segmented on the basis of product type, body area, end user, and geography. The global sports medicine market is segmented into 4 types, such as orthobiologics, surgical devices, arthroscopy devices, orthopaedic braces and supports. In 2017, surgical devices market segment is expected to account for the largest share of 43.3% of the global sports medicine market.

Global sports medicine market is segmented into knee, hip, shoulder & elbow, foot & ankle and wrist & hand on the basis of body area.

On the basis of procedures, global sports medicine market is segmented into knee arthroscopic procedures, hip arthroscopic procedures, shoulder and elbow arthroscopic procedures, foot and ankle arthroscopic procedures, and hand and wrist arthroscopic procedures. Knee arthroscopic procedure market segment is expected to account for the largest share of 45% in global sports medicine market.

On the basis of end users, the market is classified into orthopaedic clinics, hospitals, ambulatory surgical centers and others. In 2017, the hospitals segment is expected to dominate the global sports medicine market with 57.1% market share. This segment is expected to grow at the highest CAGR of 9.9% in the forecast period 2017 to 2024.

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Frequently Asked Questions:

• What will the market size be in 2024?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
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• What will be the growth rate in 2024?
• Which strategies are used by top players in the Global Sports Medicine Market?

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