Sports Medicine Market is Expected to Reach 13 billion by 2025: Key Players (Medstar Sports Medicine, Mueller Sports Medicine Inc, Zimmer Biomet, Otto Bock Healthcare, and DJO Global)

Industry Trend Analysis
The sports medicine market is expected to be around 13 billion by 2025.The market for sports medicine is experiencing an exponential growth due to governments’initiatives to encourage sports medicine and aggressive expansion by international players in emerging countries.In the U.S. alone, each year about 30 million children and teenagers take part in some form of organized sport, where more than 3.5 million sports injuries are reported. Almost one-third of the injuries reported in children are sports related injuries. Around 21% of traumatic injuries related to the brain are due to sports and recreational activities.Also, there is growing awareness related to fitness in all age groups. These factors are set to contribute to the growth of sports medicines industry. Latest technological advancements in tissue engineering and gene therapy designer drugs are further fuelling the market growth.

Product Outlook and Trend Analysis
Body reconstruction and repair devices segment dominated the overall sports medicine market in 2016, due to increase in adoption of bone reconstruction devices and soft tissue repair. This segment is expected to remain an attractive market during the forecast period, owing to the rising numbers of sports related injuries. Under this segment, arthroscopy devices held the largest share in 2016. These devices have wide applications in injuries related to knee, shoulder, and neck. The recovery and support products market is the second major segment with braces and orthotics products segment holding largest share in 2016. It is expected to grow steadily over the forecast period as runners and other athletes derive huge benefits from orthotics to avoid injuries and maximize their performance. These are widely used in cases such as flat feet, frequent ankle pains, muscle tightness, and high arched feet.

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Application Outlook and Trend Analysis
Sports injuries are majorly associated with knees, shoulders, ankle, foot, spine, back, and other body parts. Knee injuries dominatedthe global market in 2016, owing to increased incidents of knee related sports injuries. According to the projections made by British Journal of Sports Medicine, a casualty department serving a population of 400,000 people can expect 500 cases of knee injuries yearly. Ankle sprain is the singlemost common injury in football. According to the Federation Internationale de Football Association (FIFA), most of the orthopedic injuries are incurred by ankle, knee, and hamstring. A total of 239,943 injuries were treated in the U.S. hospital emergency rooms, out of which 48,806 were fractures, 5,401 were dislocation cases, and 79,384 cases of strain were reported.

Regional Outlook and Trend Analysis
North America dominates the global market with highest share in 2016, due to advanced healthcare infrastructure and rise in expenditure on fitness. Government initiatives such as, the Sport For All initiative by U.S. Department of Health and Human Services, to educate people about the benefits of sport, is contributing to the market growth. Asia-Pacific is the most promising market and is expected to grow at a higher CAGR as the awareness about sports and fitness is on the rise in most of the developing nations. Moreover, this market is primarily driven by the increasing focus of international players on the emerging markets.

Competitive Analysis
The sports medicine market is dominated by a few large players such as Arthrex, Inc, Smith & Nephew, DePuy Mitek Inc, and Stryker Corporation, who have consolidated the market controlling a share of more than 70% in 2016. These players consistently introduce innovative and technologically advanced products in the market to ensure a competitive advantage over the other players.

Some other players operating in this industry are Medstar Sports Medicine, Mueller Sports Medicine Inc, Zimmer Biomet, Otto Bock Healthcare, and DJO Global.

Market Opportunities
The major expansion opportunities for the players in this market lie in the developing countries where sports and related activities are witnessing more growth and acceptance on a professionallevel. Knee injuries segment is the growing market as it brings in more innovative products to meet growing needs of knee injuries.

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Sports Medicine Market Segmentation

By Product:
Body support and Recovery Products
Thermal Therapy Products
Tropical Pain Relief Products
Braces and Support
Performance Monitoring Devices
Reconstruction and Repair
Bone Reconstruction Devices
Surgical Equipment
Soft Tissue Repair

Accessories
Wraps
Tapes
Bandages
Others

By Application:
Ankle and Foot Injuries
Knee Injuries
Elbow and Wrist Injuries
Shoulder Injuries
Back and Spine Injuries
Other Injuries

By Region:
• North America
o U.S
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
• Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others

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Some of the key questions answered by the report are:
• What was the market size in 2016 and forecast from 2017 to 2025?
• What will be the industry market growth from 2017 to 2025?
• What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
• What are the major segments leading the market growth and why?
• Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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This release was published on openPR.