What's driving the Sports Medicine Market trends? Key Players are Arthrex, Inc., CONMED Corporation, DePuy Synthes, Smith & Nephew and Stryker
India sports medicines market will grow considerably during the forecast timeframe to reach USD 341.9 million by 2025 owing to government initiatives to increase sports participation. Increasing number of knee injuries owing to growing participation in sports such as football and cricket will create robust demand for sports medicine products in the country. With adoption of technologically advanced products, India sports medicine market will witness robust growth over coming years.
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Government initiatives and policies generating awareness about sports activities will impel sports medicine industry growth. For instance, the Government of India has undertaken programs such as ?Khelo India? to encourage the youth, offering robust growth opportunities for sports medicine market growth. However, inadequacy of skilled professionals will restrain sports medicine industry expansion to certain extent over the forecast timeframe.
Global Sports Medicine Market will reach over USD 9 billion by 2025; as per a new research report. Rising number of physicals injuries coupled with increasing surgical procedures will create demand for sports medicine products over the forecast period. Active participation of people in sports coupled with encouragement by institutions for boosting sports activities participation, resulting in high number of injuries will escalate the demand for advanced treatment therapies, positively impacting sports medicine market growth over the forecast timeframe.
Body support and recovery products market is projected to witness over 6.0% CAGR during the forecast period. Increasing use of body support products such as braces and compression clothing due to low cost and high effectivity will boost the segmental growth. Furthermore, rising demand for recovery products for faster recovery will stimulate segmental growth.
Elbow and wrist injuries segment accounted for more than 10% market share in 2018 owing to rising incidence of acute and chronic sports injuries among athletes related to lower and upper arm. Growing number of body reconstruction surgeries will further stimulate the segmental growth over the coming years.
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Increasing adoption of sports medicine in clinics owing to specialized treatment and higher affordability will lead to lucrative segmental growth at 6.6% CAGR during the forecast timeframe. Increasing number of skilled professionals in sports medicine clinics will further drive the segmental growth.
Some of the notable companies operating in the global sports medicine market are Arthrex, Inc., CONMED Corporation, DePuy Synthes, Smith & Nephew and Stryker among others. Sports medicine market is highly competitive market. Industry players are adopting strategies including partnerships, collaborations, merger and acquisitions to expand their product portfolio and strengthen company?s position in emerging markets.
Table of content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Sports Medicine Industry Insights
Chapter 4. Sports Medicine Market, By Product
Chapter 5. Sports Medicine Market, By Injury type
Chapter 6. Sports Medicine Market, By End-use
Chapter 7. Sports Medicine Market, By Region
Chapter 8. Company Profiles
Global Sports Medicine Market Size, Status and Forecast 2019-2025
Sports medicine pertains to the treatment and prevention of injuries resulting from sports and athletic activities. Sports injuries involve both bone and soft tissue injuries. The sports medicine market includes devices that are used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of such injuries.
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