Sports Medicine Global Market 2019 Analysis by Top Pivotal Players like Medtronics, Stryker, Zimmer Biomet, CONMED Corporation, DePuy Synthes, GE Healthcare, Smith & Nephew plc, Arthrex, Inc.

A Broad Analysis of the “Global Sports Medicine Market Research Report- Forecast To 2022 “methodology of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the industry performance.

Sports Medicine Market – Highlights

Sports Medicine, an individual branch of medicine dealing with the prevention, diagnosis, and treatments for the sports-borne injuries and illness of athletics or sportspersons. The well-established, sports medicines market is growing rapidly and pervasively mainly due to the burgeoning professional sports market.

Moreover, the increasing number of athletes along with the rising incidences of sports injuries and the increasing number of sports medicine associations escalate the market on the global platform.

Considering the kind of expansion, the market is witnessing currently; Market Research Future (MRFR) in its newly published study report confirms that the global sports medicine market will reach USD 9,655.6 MN by 2023 with approx. 8.9% CAGR throughout the review period (2017 – 2023). Technological advancements happening in the medical science are acting as a major growth propeller.

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Major Industry Players

Stryker

Zimmer Biomet

Medtronics

DePuy Synthes

GE Healthcare

CONMED Corporation

Arthrex, Inc.

Smith & Nephew plc.

Global Sports Medicine Market –Segments

The MRFR analysis is segmented into five key dynamics for enhanced understanding.

By Product : Flavors Support & Recovery Products, Accessories & Consumables, and Joint Reconstructive & Repair Products among others.

By Application : Shoulder Treatment, Knee Treatment, Hip Treatment, Spine Treatment, and others.

By Procedure : Tendinosis, Tendon to Bone, Cartilage Repair, and others.

By End-user : Hospitals & Emergency Care, Trauma Centers, Ambulatory Care, and others.

By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Drivers and Restrains

Spreading awareness towards the availability of these medicines is another driving force that is pushing up the market growth to an extent.

Seminal efforts and substantial amount invested by the market players to develop breakthrough, effective medicines, surgical techniques, and treatment procedures are paying off well, driving the growth of the market to further heights.

Additional factors, such as the increasing population and urbanization led by the improving economic conditions, worldwide that are enabling access to the quality healthcare are fostering the market growth.

Medical treatments are quite costlier in some of the well-developed countries, such as the US and the UK, which, in turn, fuels the growth of medical tourism market in the developing economies such as India, Malaysia, and others.

On the other hand, factors such as unfavorable reimbursement policies mainly in the developed economies are expected to obstruct the growth of the sports medicine market.

Also, the majority of the people are unaware of the availability of sports medical centers, which alongside the lack of skilled professionals for treating especially, pediatric sports injuries are restricting the market growth.

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Sports Medicine market –Regional Analysis

Globally, North America region, heading with the presence of the leading players dominates the global sports medicine market. The US, led by its largest professional sports market dominates the sports medicine market in the region. Major contributions from the US and Canada majorly due to the rising prevalence of sports injuries and the augmenting demand for new treatment options drive the growth of the regional market.

Rapidly increasing technological innovations in medical science are some of the factors substantiating market growth. Increasing investments into R&D for the breakthrough discoveries and higher healthcare expenditures are some of the key forces driving the market growth in the region.

Moreover, the factors such as the increasing occurrences of sports-borne diseases and disorders such as Tendinosis, the increasing number of surgical procedures, and a well-established healthcare system propel the growth of the regional market.

The sports medicine market in the European region stands at the second position in terms of the market size. The market exhibits a huge growth prospect for the assessment period. Simultaneously, factors like financial support from the government for R&D activities, the large patient's pool, and the increasing demand for sports medicine and devices drive the market growth in the region.

Besides, the rising incidences of sports injuries are contributing to the market growth in this region, generating a massive demand for sports medicine management and devices during the assessment period.

The sports medicine market in the Asia Pacific region, led by the rising number of sports enthusiasts is emerging as a promising market, globally. Professional sports market in the APAC is growing substantially. Countries such as South Korea, China, Japan, and India are active in professional sports.

The presence of a considerable number of athletes and sportspersons is driving the regional market. Moreover, factors such as the improving economic conditions, substantial funding support from the private and public sectors, and increasing R&D activities alongside the burgeoning pharmaceutical industry fosters the market growth in the region.

Global Sports Medicine Market –Competitive Analysis

Intensely competitive, the sports medicine market appears fragmented owing to the presence of several large & small key players. These market players through strategic initiatives such as partnership, acquisition, expansion, collaboration, and product/technology launch, try to gain a competitive edge in the market.

Substantial investments are being made in the R&D to develop a drug that is on a different level entirely compared to their competition.

Industry/ Innovation/ Related News

January 18, 2019 - Phoenix Children's Hospital (the US), unveiled two sports medicine and physical therapy clinics in Phoenix and Gilbert, Ariz. Designed for the orthopedic sports-related injuries in children and young adults, the new clinics will provide clinical oversight Sports Medicine PT program treats conditions including ligament injuries and sprains, fractures and nerve injuries.

October 07, 2018 – Teikyo University (Japan) announced that it is seeking to take the development of athletes to the next level by taking significant steps forward in aspects of athlete development such as nutrition, sports medicine, and improved training methods.

Established in 2011, this Tokyo-based private school owns sports science and medicine institute to provide its athletes with comprehensive support tailored to suit their individual needs.

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