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Sports Medicine Market 2020 Industry Price Trend, Size Estimation, Industry Outlook, Business Growth
Sports Medicine Market
Sports Medicine Market analysis report helps in growing sales with new thinking, new skills, and innovative programs and tools. With the study of competitor analysis, Healthcare industry can get knowhow of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. An all-inclusive data and information provided in the report can be utilized by Healthcare industry to be acquainted with the present and upcoming opportunities and clarify the future investment in the market. The Sports Medicine Market report will act as a sure shot solution to the challenges and problems faced by Healthcare industry.
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Market Analysis: Global Sports Medicine Market
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.
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), Stryker (US), CONMED Corporation (US), Johnson & Johnson Services (US), Bird & Cronin (USA), Zimmer Biomet (US), Anika Therapeutics, Inc. (US), Ossur (Europe), Breg, Inc. (US), Mueller Sports Medicine, Inc. (US), DJO Global, Inc. (US), Medtronic (Ireland), GENERAL ELECTRIC (US), Ceterix Orthopaedics (USA), KFx Medical LLC. (US), MedShape, Inc. (USA), NuVasive, Inc. (US), Flexion Therapeutics Inc. (US),
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Market Definition: Global Sports Medicine Market
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.
Segmentation: Global Sports Medicine Market
Sports Medicine Market : By Product Type
Orthobiologics
Surgical Devices
Arthroscopy Devices
Orthopedic Braces and Supports
Sports Medicine Market : By Body Area
Knee
Hip
Shoulder & Elbow
Foot & Ankle
Wrist & Hand
Sports Medicine Market : By Application
Knee Injuries
Shoulder Injuries
Foot and Ankle Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Sports Medicine Market : By End User
Orthopedic Clinics
Hospitals
Ambulatory Surgical Centers
Others
Sports Medicine Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the 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.
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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