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.
Full research report on sports medicine market analysis:
http://www.grandviewresearch.com/industry-analysis/sports-medicine-industry
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.
View more reports
of this category by Grand View Research at: 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.
For More Information: www.grandviewresearch.com
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
