+5,884.9 Million Asia Pacific Sports Medicine Market By Leading Players Smith & Nephew and DePuy Synthes Till 2024
Asia Pacific 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 Regional and Forecast to 2024.
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Key Points of Asia Pacific Sports Medicine Market:
Arthrex, Inc. is going to dominate the Asia Pacific Sports Medicine Market following with Smith & Nephew and DePuy Synthes, along with others such as Stryker Corporation, CONMED Corporation, Johnson & Johnson, Bird & Cronin, Inc., Zimmer Biomet, Anika Therapeutics, Ossur, Breg Inc., Mueller Sports Medicine, Inc., DJO global, Medtronic.
Knee market segment is expected to dominate the Asia Pacific Sports Medicine Market.
Surgical devices market segment is expected to dominate the Asia Pacific Sports Medicine Market. However, orthobiologics are growing with highest CAGR.
The sports medicine market in the Asia-Pacific region is leading in China, India, Japan, and South Korea. Japan accounts for the highest market share in this region.
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Scope of the Report:
The Asia Pacific Sports Medicine Market is segmented on the basis of product type, body area, end user, and geography. The Asia Pacific Sports Medicine Market is segmented into 4 types, namely orthobiologics, surgical devices, arthroscopy devices, orthopaedic Braces and Supports. In 2017, surgical devices market segment is expected to account for the largest share of 47.9% of the Asia Pacific Sports Medicine Market.
Asia Pacific Sports Medicine Market is segmented into knee, hip, shoulder & elbow, foot & ankle and wrist & hand on the basis of body area.
On the basis of procedures, Asia Pacific Sports Medicine Market is segmented into knee arthroscopic procedures, hip arthroscopic procedures, shoulder and elbow arthroscopic procedures, foot and ankle arthroscopic procedures, and hand and wrist arthroscopic procedures. Knee arthroscopic procedure market segment is expected to account for the largest share of 40.6% in Asia Pacific Sports Medicine Market.
On the basis of end users, the market is classified into orthopedic clinics, hospitals, ambulatory surgical centers and others. In 2017, the hospitals segment is expected to dominate the Asia Pacific Sports Medicine Market with 56.0% market share. This segment is expected to grow at the highest CAGR of 13.7% in the forecast period 2017 to 2024.
Key Drivers of Asia Pacific Sports Medicine Market:
Rising incidence of sport related injuries are driving the market growth. Awareness among athletes to maintain their fitness levels has been a factor in promoting the growth of the sport medicine market in Asia Pacific. These factors increase the demand for devices such as bone graft substitutes, surgical devices, and arthroscopy devices.
Minimally invasive procedures such as arthroscopy are in high demand since they significantly reduce the recovery time and result in reduced bleeding and scarring.
Growing awareness of various lifestyle diseases has resulted in a significant increase in participation in various sports and physical activities across the globe.
The use of regenerative medicine in sports injuries has led to very promising treatment options in sports medicine.
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Global Sports Medicine Market – Industry Trends and Forecast to 2024
Global Sports Medicine Market, By Product Type (Orthobiologics (Bone Graft Substitutes, 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
Report Access: http://databridgemarketresearch.com/reports/global-sports-medicine-market/
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