Innovations and New Technologies in Sports Medicine Devices Market Cover a New Era in Healthcare Practices
These treatments are less invasive than surgical procedures and generally requires shorter recovery period. These options of the minimally invasive methods are cost effective and are widely preferred due to the less recovery time and are easy to adapt by the patients.
“Sports Medicine Devices Market is expected to grow at a CAGR of 7.9% and will be reach US$ 10662.5 Million during the Forecast 2019-2025”
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Major Key Players Influencing in this Study:
General Electric Company, Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Digirad Corporation, Siemens AG, Neusoft Corporation, Mediso Ltd., CMR Naviscan, SurgicEye GmbH, and CAPINTEC, INC. among others.
Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the “SPORTS MEDICINE DEVICES” market.
- Key market trends cracking up the growth of the “SPORTS MEDICINE DEVICES” market.
- Challenges to market growth.
- Key vendors of “SPORTS MEDICINE DEVICES” market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global “SPORTS MEDICINE DEVICES” market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
The increase in the incidences of the sports injuries is contributed by the professional athlete, weekend sports players, youngster, children playing in the societies and sometime adults. Most of the sports injuries are orthopedic injuries which include sprain, strain, fractures, ligament breaks, pain, swelling and others. These injuries are broadly classified as acute and chronic.
As per the Federation Internationale de Football Association (FIFA), ankle sprain is most widely experienced injuries caused in the football players across the world. In US, approximately 240,000 injuries were treated in the emergency department and among them approximately 48,810 cases were for fractures and near 79,400 cases were for strain and sprains and also there were 5,000 cases for the dislocations.
The global sports medicine devices market by product was led by body reconstruction and repair segment. In 2017, the body reconstruction and repair segment held a largest market share of 44.6% of the sports medicine devices market, by product. The segment is also expected to dominate the market during the year 2025, due to benefits such as, reduce pain, reduce swelling, better functioning, repairing of the damaged body part.
The sports medicine devices market by application was segmented elbow & wrist, shoulder, knee, ankle/foot and others. The knee segment held the largest share of the market, by application. The segment is also likely to dominate during the forecast period, since most of the injuries occurring to athletes occurs in the knee or the ankle.
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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.
SPORTS MEDICINE DEVICES – MARKET SEGMENTATION
• Body Reconstruction and Repair
o Fracture and Ligament Repair Devices
o Arthroscopy Devices
• Body Support
o Thermal Therapy Devices
o Topical Pain Relief
o Compression Clothing
• Elbow & Wrist
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.
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REASON TO BUY
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Sports Medicine Devices Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Sports Medicine Devices, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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