Sports Medicine Market 2020 Global Industry Size, Share, Growth, Analysis, Industry Key Players And Forecast Till 2025

Sports Medicine Devices Market was valued at $7,175 million in 2017 and is expected to reach $12,730 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. Sports medicine is a branch of healthcare, which deals with enhancing athletic performance and improving physical fitness. Sport medicine products promote early recovery of injuries and prevent the risk of future injuries. In addition, they are applicable across all other healthcare fields, as professionals in this field not only treat athletes but also patients suffering from various ailments.

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Rise in incidence of sports-related injuries, increase in awareness about physical fitness, and supportive government initiatives drive the growth of the industry. However, dearth of skilled professionals and lack of guidance on appropriate administration of sports medicines hinder the market growth. On the other hand, surge in demand for minimally invasive surgeries would create new opportunities for the market players in near future.

Sports Medicine Devices Market Competitive Analysis:

Leading market players including Smith & Nephew Plc., Stryker Corporation, Johnson & Johnson (Depuy Mitek), Arthrex, Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., DJO Global, Inc., and Wright, Medical Group N.V is provided in this report. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

COVID-19 Scenario:-

• Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

• However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

• Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

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Sports Medicine Devices Market Segmentation:

The research offers a detailed segmentation of the global Sports Medicine Devices market. Key segments analyzed in the research by Product (Orthopedics Devices, Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, and Accessories) and Application (Hand – wrist Injury, Shoulder Injury, Ankle – foot Injury,Arm – elbow Injury, Knee Injury, Back – spine Injury, and Hip – groin Injury), by End User and geography. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables.

Sports Medicine Devices Market Regional Analysis:

The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

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