Sports Medicine Market Business Investments & Top Leaders | Arthrex, Inc., Smith & Nephew, DePuy Synthes, Stryker, CONMED Corporation, Johnson & Johnson Services, Bird & Cronin
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Sports Medicine Market report delivers an in-depth study with present and upcoming opportunities to clarify future investment in the market. This report is an essential document for every market enthusiast, policymaker, investor, and player. In addition, this market report also provides top to bottom estimation of the market with respect to income and developing business sector. An analytical assessment of the competitors gives clear idea of the most important challenges faced by them in the current market and in the coming years. The market research also provides information about manufacturers, market competition, cost, market effect factors for the forecast period of 2019-2026.
Global Sports Medicine Market is expected to rise from its initial estimated value of USD 19.45 billion in 2018 to an estimated value of USD 37.35 billion by 2026, registering a CAGR of 8.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing incidences of sports injuries.
Sport Medicines can be defined as a medical branch which is deals with diagnosis, treatment and prevention of the injuries or illness of athletics or sportsman. Sports medicines play an initial and important part in the sports.
According to US centers for diseases control, around 10 % of kids and teen participating in the sports suffer include minor or major type of injury and majority of the sports injury occur during 12-16 yr of age. Sports like Football and baseball has the highest rate of injury. Beside this lack of safety and carelessness during practice or game is the major reason for occurrence of the sports injuries.
Key Market Competitors: Global Sports Medicine Market
Few of the major competitors currently working in the sports medicine market are:
Arthrex, Inc. (Germany),
Smith & Nephew (UK),
DePuy Synthes (US),
CONMED Corporation (US),
Johnson & Johnson Services (US),
Bird & Cronin (USA),
Zimmer Biomet (US),
Anika Therapeutics, Inc. (US),
Breg, Inc. (US),
Mueller Sports Medicine, Inc. (US),
DJO Global, Inc. (US),
GENERAL ELECTRIC (US),
Ceterix Orthopaedics (USA),
KFx Medical LLC. (US),
MedShape, Inc. (USA),
NuVasive, Inc. (US),
Flexion Therapeutics Inc. (US)
Key Developments in the Global Sports Medicine Market:
In November 2018, Colfax Corporation announced that they acquire DJO Global Inc. to create a new growth platform in the high-margin orthopedic solutions market.
In February 2017, Smith & Nephew PLC announced an agreement with Leaf Healthcare, a California-based developer of a unique wireless patient monitoring system for injury prevention. This agreement enables the use of this technology by a nationwide customer base.
Global Sports Medicine Market: Competitive Analysis
Global sports medicine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sports medicine market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Segmentation: Global Sports Medicine Market
By Product Type
Bone Graft Substitutes
Plates and Screws
Orthopedic Braces and Supports
By Body Area
Shoulder & Elbow
Foot & Ankle
Wrist & Hand
Foot and Ankle Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
By End User
Ambulatory Surgical Centers
Middle East & Africa
Sports Medicine Market Drivers
Increasing adoption of arthroscopic surgeries, this act as driver to the market.
Continuous influx of new products and treatment modalities, this act as driver to the market.
Sports Medicine Market Restraints
Unfavorable reimbursement strategies, this significant act as market restraints.
Inappropriate administration and guidelines pertaining to sports medicine, this significant act as market restraints.
Reasons to Purchase this Report
Current and future of global sports medicine market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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