|05-14-2019 12:09 PM CET - Sports||
Sports Medicine Devices Market Trend Shows a Rapid Growth by 2025 - Arthrex, Zimmer Biomet, DePuy Synthes, Wright Medical Group, Mueller Sports Medicine and DJO Global
Press release from: The Insight Partners
The market for sports medicine devices is expected to grow significantly due to Increasing Incidences of Sports Injuries, rising demand for minimally invasive methods as well as the presence of various sports medicine associations. In addition, the introduction of advanced technology in the field of sports medicine devices is anticipated to have a positive impact on the growth of the sports medicine devices market in the coming years.
The global sports medicine devices market to reach US$ 10,662.5 Mn by 2025 and is expected to grow at a CAGR of 7.9% during the forecast period 2018 - 2025.
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North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period. North American market is driven by the factors such as, rise in the number of sports injuries as well as the presence of major associations working in the field of sports medicine in the region.
Body Reconstruction and Repair are driving the market for sports medicine devices over the forecast period, in the product segment
The prominent players operating in sports medicine devices market are DJO Global, Zimmer Biomet, STRYKER, Smith & Nephew, DePuy Synthes, Wright Medical Group N.V., Arthrex, Inc., CONMED Corporation, Mueller Sports Medicine, Inc., and RTI Surgical, Inc.
The market players are focused towards introducing new and innovative products in the market to sustain their position in the market. For instance, in July, 2018, Wright Medical Group N.V launched PROstep Minimally Invasive Surgery System. The system provides a minimally invasive, that involves specially designed implants and instrumentation for percutaneous surgery of the foot. These product innovations and launches are expected to propel the growth of the sports medicine devices market during the forecast period.
Global sports medicine devices market, based on the product was body reconstruction and repair, body support and accessories. In 2017, the body reconstruction and repair segment held the largest share of the market, by product. The segment is also expected to witness growth at a significant rate during the forecast period, due to its benefits such as, reduced pain and swelling, better functioning, and early repairing of the damaged body part.
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Product launches and partnership were observed as the most adopted strategy in global sports medicine devices industry. Few of the product approvals and agreements made by the players in the market are listed below:
2018: In November, 2018, DJO entered into partnership with SirenMD, a workplace collaboration platform which facilitates coordinated communication between caregivers and patient advocates.
2018: In July, 2018, Wright Medical Group N.V launched PROstep Minimally Invasive Surgery System. The system provides a minimally invasive, integrated solution that featuring specifically designed implants and instrumentation for percutaneous surgery of the foot.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
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