The global sports medicine market is expected to reach USD 12.5 billion
by 2025, according to a new report by Grand View Research, Inc. Rising
incidences of sports related injuries worldwide is anticipated to be high
impact rendering driver for the lucrative growth of sports medicine market.
As per data published by the U.S. Consumer Product Safety Commission’s
National Electronic Injury Surveillance System (NEISS) in 2012, around 1.9
million people encountered such injuries. Additionally, with aid of fitness
awareness initiatives from government and health organizations, people nowadays
are more focused on physical exercise including gym, outdoor sports and others
fitness activities. With this people are more prone to injuries, hence
contributing to the remunerative growth of market.
Additionally, influx of technologically advanced products such as
minimally invasive surgical products is anticipated to increase the demand for
these devices over the forecast period. For instance, in March 2015, Smith
& Nephew launched Q-FIX implant which assists surgeon’s flexibility for all
sutures anchors along with fixation and pull-out strength equivalent to large
sized anchors.
Similarly, in May 2014 Smith & Nephew acquired ArthroCare, a medical
device company based in the U.S. specialized in tissue repair devices. This
acquisition helped the company to enrich its sports medicine product portfolio.
In depth research report on Sports Medicine
Market
Further key findings from the study suggest:
·
Body
reconstruction and repair devices consisting of surgical equipment, soft tissue
repair, and bone reconstruction devices held significant share in 2016 and also
this segment is anticipated to exhibit lucrative growth rate over the forecast
period.
·
Knee-related
applications held largest market share in 2016.The knee injuries are the most
frequent in most of the games such as soccer, basketball, bicycle, and running
which supported the dominion in application segment.
·
In the
therapeutic segment, cardiology, IVD, and drug delivery are the top performing
segments. Rising incidences of cardiac failures, infectious diseases and high
research activity in the field of drug delivery are certain vital impact
rendering factors.
·
North America,
held commanding shares in global sports medicine market. Improved healthcare
infrastructure and high healthcare expenditure are key factors responsible for
growth. In addition, presence of organizations which are dedicated in field of
sports medicine such as the American College of Sports Medicine (ACSM)
facilitated availability of adequate and qualified staff.
·
The key
players of the industry include Stryker Corporation, Arthrex, ArthroCare,
Tornier N.V., Wright Medical Technology, DJO Global, Otto Bock Healthcare,
Ossur HF, Zimmer Holdings Inc., and Smith & Nephew Plc.
Grand View Research has segmented the global sports medicine market on
the basis of product, application, and region:
Global Sports Medicine Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Body
Reconstruction and Repair
o
Surgical
Equipment
o
Soft Tissue
Repair
o
Bone
Reconstruction Devices
o
Body Support
and Recovery
o
Brace and
Support Devices
o
Compression
Clothing
o
Hot and Cold
Therapy
·
Body
Monitoring and Evaluation
o
Cardiac
o
Respiratory
o
Hemodynamic
o
Musculoskeletal
o
Others
·
Accessories
o
Bandages
o
Tapes
o
Disinfectants
o
Wraps
o
Others
Global Sports Medicine Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Knee
·
Shoulders
·
Ankle and Foot
·
Back and Spine
·
Elbow and
Wrist
·
Hip
·
Others
Sports Medicine Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East
and Africa (MEA)
o
South Africa
o
Saudi Arabia
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research reports of this category:
About Grand
View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more
market analysis reports, please visit: http://www.grandviewresearch.com/
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