Sports Medicine Market to USD 32,199.3 Million by 2024 on the basis of Product Type, Body Area, End User and Geography

The Sports Medicine Market Report deliver comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the Sports Medicine Market. The company profiles of all the key players and brands that are dominating the Sports Medicine Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report. The Sports Medicine Market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin.

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The global sports medicine market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Arthrex, Inc dominated the sports medicine market accounting for a highest market share in 2016, followed by Smith & Nephew, DePuy Synthes, Stryker Corporation, CONMED Corporation. Other players in this market include Johnson & Johnson, Bird & Cronin, Inc., Zimmer, Inc., Biomet Inc., Anika Therapeutics, Ossur, Breg Inc., Mueller Sports Medicine, Inc., DJO global, Medtronic among others holds 25% of the global sports medicine market in 2016.

Arthrex, Inc.:

Founded in 1981 as Arthrex, Inc and head quartered in Florida, U.S. is engaged in the development and marketing of orthopaedics products. The company operates through only one business segment namely orthopaedics.

Smith &Nephew:

Incorporated in June 1856 and headquartered in London, United Kingdom Pfizer Inc., is engaged in the development and marketing of medical products and services. The company operates through four business segments, such as sports medicine, advanced wound care management, orthopaedic reconstruction, and trauma and extremities. . The sports medicine segment offers a wide range of technologies or implants for repair of soft tissue injuries, fluid management equipment for surgical access, digital cameras, digital image capture, scopes, light sources and monitors to assist with visualization, radiofrequency wands, electromechanical and mechanical blades and, hand instruments for resecting damaged tissue.

Stryker Corporation:

Founded in 1941 and headquartered in Michigan, U.S., Stryker Corporation specializes in reconstructive, medical and surgical, and neurotechnology and spine products. The company has three business segments—orthopedic implants, MedSurg, and neurotechnology and spine.

Report Highlights

1. To gain information about the top players in this industry, their product portfolios, and their key strategies.

2. Key parameters which are driving this market and restraining its growth

3. Comprehensive quantitative analysis of the industry is provided for the period of 2017-2024 to assist stakeholders to capitalize on the prevailing market opportunities.

4. What all challenges manufacturers will face as well as new opportunities and threats faced by them.

5. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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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Drivers: Global Sports Medicine Market

The major factors driving the growth of this market are the increasing incidences of sports injuries, increasing adoption of arthroscopic surgeries, continuous influx of new products and treatment modalities, growing research activities in sports medicines, increased adoption and acceptance of arthroscopy and minimally invasive procedures. These factors increase the demand for devices such as bone graft substitutes, surgical devices, and arthroscopy devices.

INCREASING INCIDENCES OF SPORTS INJURIES

Increasing obesity worldwide has fuelled the need to adapt active lifestyles. The need to adapt active lifestyle has triggered the popularity of sports among the masses. A few most common sports related injuries are knee injuries (anterior cruciate ligament (ACL) tear, quadriceps tendonitis, meniscal injuries), ankle & foot injuries (Plantar fasciitis, metatarsal fracture), shoulder injuries (rotator cuff injury, dislocations, inflammation of biceps).

INCREASING ADOPTION OF ARTHROSCOPIC SURGERIES

An arthroscopic procedure is a minimally invasive procedure to treat, diagnose or rectify a bone joint or fracture. Since these procedures are less painful and tedious they are widely accepted by physicians and patients. In addition, minimally invasive surgeries are increasingly being covered by health insurance providers in a select few countries. These factors have led to increasing preference among patients and physicians for minimally invasive surgeries.

CONTINUOUS INFLUX OF NEW PRODUCTS AND TREATMENT MODALITIES

Companies in the sports medicine market are increasingly focusing on new product launches and technological advancements. New product launches and innovations mainly deal with the development of more economical, technologically advanced, and easy-to-use sports medicine products. Technological advancements have led to the introduction of new treatment modalities such as percutaneous tenotomy, platelet rich plasma (PRP) therapy, stem cell therapy, and robotic technology, among others. This not only generates interest but promises a healthy future for the growth of the sports medicine market.

GROWING RESEARCH ACTIVITIES IN SPORTS MEDICINE

Growing research activities in the field of sports medicine is one of the major driving factors for the sports medicine market. Continuous research studies lead to advancements in the preventive and curative aspects of sports medicine. This, in turn, plays a significant role in supporting the rapid development of new treatment options.

DEVELOPMENTS IN THE FIELD OF REGENERATIVE MEDICINE

Growing regenerative medicine plays a significant role in the management of sports injuries. This area of medicine includes the use of orthobiologics, which are substances used to improve the healing of broken bones and injured muscles, tendons, and ligaments. Orthobiologics are made from substances that are naturally found in the body and, when used in higher concentrations, they may help speed up the healing process. Orthobiologics products such as allograft, polymer-based bone substitutes, and viscosupplements are extensively used in the treatment of sports injuries or conditions resulting from trauma.

INCREASED ADOPTION AND ACCEPTANCE OF ARTHROSCOPY & MINIMALLY INVASIVE PROCEDURES

Arthroscopy is a minimally invasive procedure that is used for the diagnosis and treatment of joint injuries and diseases through small incisions in the skin. Being less painful and tedious, these procedures are widely accepted by physicians and patients alike.

Insights of the Report

1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Global Sports Medicine Market.

2. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Global Sports Medicine Market.

3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

5. All the Challenges and growth opportunities in the Global Sports Medicine Market along with the market drivers and restrains.

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