Sports Medicine Market Size, Status, Global outlook 2020 To 204 | Arthrex Inc., CONMED Corporation, Johnson & Johnson, Medtronic PLC, Mueller Sports Medicine Inc., Performance Health, Smith & Nephew

The sports medicine market is expected to register a CAGR of 7.5% during the forecast period (2019-2024). Certain factors that are fuelling the market include rising burden of sports injuries, consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries.

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Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. According to the sports injury Stanford children health statistics, in the United States, about 30 million kids and teenagers participate in some form of organized sports. More than 3.5 million injuries occur each year in the United States, which cause some loss of time of participation experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related injuries.

Similarly, the European countries have a large population engaged in various sports, like football, basketball, volleyball, rock climbing, boating, bike, car racing, etc., which carry an inherent risk of serious injuries or wear and tear, due to extreme training programs. It is estimated that approximately six in 1,000 unintentional fatal injuries can be attributed to sports, such as rock climbing, water sports, or horse-related sports (Equestrian Activities).

Market By Top Companies:

Arthrex Inc., CONMED Corporation, Johnson & Johnson, Medtronic PLC, Mueller Sports Medicine Inc., Performance Health, Smith & Nephew, Stryker Corporation, Wright Medical Group, Zimmer Biomet Holdings Inc..

Industry Research Coverage

Implants are Expected to Grow at a Faster Pace in the Product Segment

Under sports injuries sub-segment of the market studied, there has been a continuous evolvement toward the development of bioresorbable implants. The use of arthroscopic procedures and absorbable implants are quite common for the treatment of sports injuries, for secure graft fixation.

The companies are advancing their technology on the absorbable polymer, such as the development of calcium polymer composite materials for a number of advantages over MRI imaging, metal contamination, and better healing, over a period of time. In major sports injuries, meniscus tears are very common, where often total knee replacement is considered for the treatment. However, in regards to the same, Active Implants has made significant advancements with its NUsurface Meniscus Implant, for the treatment of persistent knee pain.

RTI Surgical is another major company advancing in bone and tissue grafts for natural implantation, and faster times in the operating room. The metal and synthetic technologies for implant procedures have been used for many years, where a significant expense takes place in the R&D of a company. Implants secure a significant portion of the companys business, primarily involved in sports injuries and medicine. With a large segment of the American and European population involved in the sports at all ages, the demand is expected to show a consistent rise. Owing to the growth of the middle-income population, with higher healthcare expenditure and awareness about sports medicine in each country, the market is expected to register a higher growth rate during the forecast period.

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Some of the key developments in the market include

The sports medicine market is dominated by few major players and is moderately competitive. Major players of this market include Medtronic PLC., CONMED Corporation, Smith & Nephew PLC, Stryker Corporation, and Zimmer Biomet Holdings Inc.

With the technological innovations in the implants and the growing price competition, some new companies are also penetrating the market.

Major points covered in this research are:-

─Sports Medicine Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers

─Global Market Size (Value) of Sports Medicine (2020-2024)

─Global Sports Medicine Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)

─Global Sports Medicine Production, Revenue (Value), Price Trend by Type

─Global Sports Medicine Market Analysis by Application

─Global Sports Medicine Manufacturers Profiles/Analysis

─Sports Medicine Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Sports Medicine Market Forecast (2020-2024)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Sports Medicine report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Sports Medicine product development and gives an outline of the potential Global market.

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