The global sportsmedicine 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.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/sports-medicine-industry
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.
Browse more reports of this category by
Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
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
·
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
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-sports-medicine-market
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For
More Information: www.grandviewresearch.com
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