Press release
Sports Medicine Market To Grow Substantially At A CAGR of 7.7% By 2023 | Industry Key Players - Smith & Nephew, Stryker, Johnson & Johnson (Depuy Synthes), Arthrex, Conmed, Zimmer Biomet Holdings, Breg, Mueller Sports Medicine, DJO Global, Wright Medical
Sports Medicine Market | Premium Market Insights
Sports Medicine Market research report is an expert compiled study which provides a holistic view of the market covering current trends and future scope trend Comprehensive Study demand growth opportunities and outlook with segmentation by product/service type application geography / region and top industry companies.
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Companies Covered in this Report are:
Smith & Nephew Plc
Stryker Corporation
Johnson & Johnson (Depuy Synthes)
Arthrex, Inc.
Conmed Corporation
Zimmer Biomet Holdings, Inc.
Breg, Inc.
Mueller Sports Medicine, Inc.
DJO Global, Inc.
Wright Medical Group N.V.
Sports medicine is a study that deals with improving physical fitness and preventing sports-associated injuries. The major objective of sports medicine is to enhance the athletic performance and prevent future injuries. Sport medicine aids in the treatment of injuries resulting from physical activity. In addition, sports medicine assists to maximize the function and minimize the disability of the patient. The key factors that drive the market growth include rise in incidence of injuries associated with sports, increase in adoption of sports activities by people, and growth in demand for minimally invasive treatment methods. The global sports medicine market was valued at $6,615 million in 2016, and is expected to reach $11,172 million by 2023, registering a CAGR of 7.7% from 2017 to 2023.
The global sports medicine market is segmented on the basis of product, application, and geography. Based on product, the market is divided into body reconstruction & repair, body support & recovery, body monitoring & evaluation, and accessories. Body reconstruction and repair is sub-segmented into implants, arthroscopy devices, fracture and ligament repair devices, prosthetic devices, and orthobiologics. Further, body support & recovery is further classified into thermal therapy products, brace and support devices, compression clothing, monitoring devices, and other products. Body monitoring & evaluation segment is categorized into cardiac monitoring & evaluation, respiratory monitoring & evaluation, hemodynamic monitoring & evaluation, muscoskeletal monitoring & evaluation, and other monitoring & evaluation. Based on application, the market is segmented into knee injuries, shoulder injuries, ankle & foot injuries, elbow & wrist injuries, hip & groin injuries, back & spine injuries, and other injuries. Geography is further analyzed on the basis of country. Body reconstruction and repair segment generated the highest revenue in 2016 registering a CAGR of 8.0% and is anticipated to reach $5,267 million by 2023. In addition, knee injuries is the highest revenue contributor throughout the forecast period owing to the increase in knee ligament injuries during any sports activity.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific witnessed rapid growth in sports medicine over the years. This is attributed to the increase in focus of sports medicine companies on opportunities offered by the countries in this region. In addition, rise in the active participation of people in various sports activities in this region supplements the market growth.
KEY MARKET BENEFITS
The study provides an in-depth analysis of the global sports medicine market, with current trends and future estimations to elucidate the imminent investment pockets.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Comprehensive quantitative analysis of the industry from 2016 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the key segments of the industry helps understand the type of products and technologies used globally.
Key market players and their strategies are provided to understand the competitive outlook of the market.
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KEY MARKET SEGMENTS
BY PRODUCT
Body Reconstruction and Repair
Implants
Arthroscopy Devices
Fracture and Ligament Repair Devices
Prosthetic Devices
Orthobiologics
Body Support and Recovery
Thermal Therapy Products
Brace and Support Devices
Compression Clothing
Monitoring Devices
Others
Body Monitoring and Evaluation Devices
Cardiac monitoring and evaluation devices
Respiratory monitoring and evaluation devices
Hemodynamic monitoring and evaluation devices
Muscoskeletal monitoring and evaluation devices
Other monitoring and evaluation devices
Accessories
BY APPLICATION
Knee Injuries
Shoulder Injuries
Ankle and Foot Injuries
Back and Spine Injuries
Elbow and Wrist Injuries
Hip Injuries
Other Injuries
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Brazil
Venezuela
Turkey
Saudi Arabia
South Africa
Rest of LAMEA
The other players in the value chain include (profiles not included in the report)
Breg, Inc.
Ceterix Orthopaedics
General Electric Company
KFx Medical LLC.
Medtronic
MedShape, Inc.
Osiris Therapeutics, Inc.
NuVasive, Inc.
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