The global joint repair device in the sports medicine market is estimated to grow at a rapid pace, due to the rise in sports injuries and minimally invasive procedures.
The increased point-of-care testing in sports is a major trend within the joint repair devices in the sports medicine market. Point-of-care testing involves a broad range of diagnostic uses with a wide range of product types.
The Point-of-care testing in sports can control metabolic sports and specific conditioning. The Point-of-care testing devices are standardized to reduce errors during diagnosis.
Another major trend in the joint repair devices market is adoption of management information system (MIS) and robot assisted surgery. The increased consciousness of benefits of robotic surgery among patients and surgeons has forced hospitals to implement and install effective tools.
Robotic surgical procedures help hospitals reduce patients' length of stay, thus enabling better cost management.
Increase in number of sports injuries and advances in surgical procedures are some of the factors expected to drive the joint repair devices market in sports medicine. The market has high growth potential in both developed and developing countries.
The increased focus on developing products such as, bio-absorbable artificial prostheses and technologies has provided vast opportunities for joint repair devices in the sports medicine market. Precisely the joint prosthesis involves a spacer, which is placed between the joint surfaces of bones to be joined.
The spacer is made of a biodegradable polymer, copolymer, polymer mixture, and connectors. The connectors are created from patient's own soft or fibrous tissue, which connects the spacer and help maintain its spot between the bones to be combined, thereby establishing a stable joint replacement.
Some of the major competitors in the joint repair devices vartical in sports medicine are, Anika Therapeutics, Inc, Breg, Inc, Ceterix Orthopaedics, Inc, Cayenne Medical, CONMED, Intra Medical Systems Private Limited, KARL STORZ GmbH & Co. KG, MedShape, Inc, NRV Othrrotech, Ottobock, Paul Medical Systems and Wright Medical Technology, Inc.
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