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APAC Sports Medicine Market Witness a Significant Growth by 2024 owing to Increasing CAGR CAGR of 12.2%

09-27-2017 05:49 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Asia Pacific Sports Medicine Market – Industry Trends and Forecast to 2024

Asia Pacific Sports Medicine Market – Industry Trends and Forecast to 2024

APAC Sports Medicine Market, By Product Type (Orthobiologics (Bone Graft Substitutes,(Bone Allografts, Synthetic Bone Materials, Demineralized Bone Matrix (DBM), Bone Morphogenetic Proteins) (BMP)) Viscosupplementation, BMC, PRP), Surgical Devices (Plates and Screws), Arthroscopy Devices, Orthopedic Braces and Supports), By Body Area (Knee, Hip, Shoulder & Elbow, Foot & Ankle, Wrist & Hand), By End Users (Orthopedic Clinics, Hospitals, Ambulatory Surgical Centers, Others), By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Trends and Forecast to 2024

APAC Sports Medicine Market is expected to reach USD 9.3 billion by 2024 from USD 3.7 billion in 2016, at a CAGR of 12.2% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Asia Pacific Sports Medicine Market – Market Segmentation:

The Asia Pacific Sports Medicine Market is segmented on the basis of Product Type, Body Area, End-User, Type and Region.

On the basis of product type the market is segmented into Orthobiologics, surgical devices, arthroscopy devices and orthopedic braces and supports. Orthobiologics are biomaterials or synthetic used as fillers or separately to align or reconstruct broken bones. They are widely used in the treatment of sports injuries such as ACL tear and others. The orthobiologics segment is further categorized into bone graft substitutes, visscosupplementation, bone marrow concentrate (BMC) and platelet rich plasma (PRP). The bone graft substitutes are further segmented into bone allografts, synthetic bone materials, demineralized bone matrix (DBM) and bone morphogenetic proteins (BMP). The bone graft substitute sub segment dominates the orthobiologics segment with more that 75% share in 2016.

On the other hand the surgical devices majorly constitute of plates and screws and other accessories. The arthroscopy devices is further segmented into arthroscopy implants, arthroscopes (video and HDD), visualization systems, arthroscopy pumps and resection equipments. The arthroscopy devices segment is expected form a major part of the market owing to the paradigm shift towards minimally invasive procedures. The orthopedic braces and supports are categorized into knee braces and supports (soft and hinged), foot and ankle braces and supports, spinal orthoses, upper extremity braces and supports and others. The orthopedic braces and supports are used in post operation rehabilitation or minor sports injuries.

The APAC sports medicine market is also segmented on body area into knee, hip, shoulder and elbow, foot and ankle and, hand and wrist. The hip and knee segment is expected to dominate the market with more than 55% market share in 2017, and this trend is expected to continue in the forecasted years 2017 to 2024.

Based on end-users the market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others. The orthopedic clinics segment is expected to hold the major share of this market in 2015, owing to increased day care surgeries over inpatient arthroscopy procedures in developed markets.

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Based on region the market is segmented into 8 regions:

• Japan
• Australia
China
India
• Singapore
• Malaysia
• Thailand

Japan being the one of the forerunner in advanced cellular therapies used in sports medicine is expected to fuel the growth of the Asia-Pacific Sports medicine market.

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Some of the major players operating in this market are

1. Arthrex, Inc.
2. Smith and Nephew
3. Medtronic
4. Stryker
5. Conmed Corporation
6. Zimmer, Inc.
7. DJO Global
8. Ossur Corporate
9. Ottobock Healthcare GmbH
10. Breg, Inc.
11. Tornier, Inc.
12. Mueller Sports Medicine, Inc.
13. Cramer Products, Inc.
14. RTI Surgical

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Vishal Dixit
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sales@databridgemarketresearch.com
Investor: investors@databridgemarketresearch.com
Visit Blog databridgemarketresearch.com/blog/

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Vishal Dixit
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sales@databridgemarketresearch.com
Investor: investors@databridgemarketresearch.com
Visit Blog databridgemarketresearch.com/blog/

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