Key Insights of Sports Medicine Market - Investment to Cross US$ 8.24 Billion by 2022 “Growing Due to Knee, Shoulder, Elbow” Treatment

Key factors driving growth of sports medicine market are increasing incidences of sports injuries, continuous influx of new products and treatment modalities, and development in the field of regenerative medicine.

The global sports medicine market is projected to reach USD 8.24 Billion by 2022 from USD 5.41 Billion in 2016, at a CAGR of 7.4% during the forecast period. Base year considered for the report is 2016. Forecast period considered for the report is 2017–2022.

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Sports medicine pertains to the treatment and prevention of injuries resulting from sports and athletic activities. Sports injuries involve both bone and soft tissue injuries. The sports medicine market includes devices that are used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of such injuries.

The sports medicine market is segmented on the basis of product, application, and region. On the basis of product, the global market is segmented into body reconstruction products, body support & recovery products, and accessories. The body reconstruction products segment is further categorized into implants, fracture & ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics.

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Asia Pacific is expected to witness the highest growth during 2017 to 2022. The influx of international players, government initiatives to promote sports medicine, and collaborations for sports medicine research are the key factors responsible for the growth of this market in the APAC region.

Break of primary participants was as mentioned below:
• By Company Type – Tier 1–55%, Tier 2–25% and Tier 3–20%
• By Designation – C-level–43%, Director Level–32%, Others–25%
• By Region – North America–38%, Europe–23%, Asia Pacific–29%, RoW–10%

The key players in the global sports medicine market are Arthrex, (US), Smith & Nephew (UK), DePuy Synthes (US), Stryker (US), CONMED (US), Zimmer Biomet (US), Breg (US), DJO Global (US), Mueller Sports (US), Wright Medical Group (US), Medtronic (Ireland), RTI Surgical (US), and Performance Health International (US).

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Key Benefits of Buying the Report:

The report analyzes the sports medicine market and aims at estimating market size and future growth potential of this market based on various segments such as product, application, and region. The report also includes an in-depth regulatory analysis for various regions across the globe and competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.

The geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American region is expected to account for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the increased popularity of sports & physical activities, continued government support, investments in the field of sports awareness, and efforts to raise awareness on the prevention & treatment of sports injuries.

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