Sports Medicine Devices Market Detailed In New Research Report 2021 | 3M Company, Arthrex, Inc., ArthroCare Corporation

Overview:

Sports such as cricket, tennis, baseball, basketball, sprinting, badminton, and football mainly cause soft tissue damage such as rotator cuff tear, anterior cruciate ligament rupture, meniscus tear and ulnar collateral ligament damage, and Achilles’ tendon tear. Usually, joint dislocation and fractures occur in wrestling, rugby, skateboard sports, motor racing, and other sports.

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Drivers:

Rise in number of sports events around the world is expected to aid in the growth of the global sports medicine devices market. For instance, the number of sports events at summer Olympic Games reached to 28 in 2016, from 26 in 2012, and 33 sports are planned for 2020.

Restraints:

Lack of reimbursement for academic sports injuries is expected to hinder growth of the global sports medicine devices market over the forecast period.

Opportunities:

Introduction of innovative, technologically advanced orthopedic products/devices is expected to offer lucrative opportunities for players in active the market. For instance, in 2019, Intellirod Spine announced the launch of iLink, a Bluetooth-enabled sensor module that can be attached to any prosthetic, orthotic, or brace to measure upright posture time, wearing compliance, and mobility through a smartphone application.

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Trends:

Market players are adopting various strategies, such as merger and acquisition, as well as are focusing on launching novel products in the market, which in turn is expected to augment the growth of the market. For instance, in 2019, Colfax Corporation acquired DJO Global, Inc. Moreover, in 2019, Breg, Inc. announced the launch of the next generation unloader knee brace for mild to severe osteoarthritis, called Breg Quantum OA.

Sports Medicine Devices Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of 3M Company, Arthrex, Inc., ArthroCare Corporation, Biomet, Inc., BREG, Inc., Conmed Corporation, DePuy Mitek, Inc., DJO Global, Inc., Mueller Sports Medicine, Inc., Ossur hf, and OttoBock Healthcare GmbH

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