The Global Sports Medicine Market is expected to reach USD 34.7 billion by 2024 from USD 16.6 billion in 2016, at a CAGR of 8.9% in the forecast period 2017 to 2024.
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The new "Global Sports Medicine Market" report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Sports Medicine Market: Recent Developments
Sports medicines are used to prevent, treat, diagnose, and rehabilitate injured patients related to exercise, sports, or any other physical activity. Factors such as rising incidence of new product launches, sports injuries, and developments, innovations in the field of regenerative medicine and expansion by key players in the emerging economies are expected to drive the growth of the sports medicine market.
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Global Sports Medicine Market Categories: Segmentation
The Global Sports Medicine Market is segmented on the basis of product type, body area, type, end-user, and geography.
On the basis of product type the Global Sports Medicine Market is segmented into orthobiologics, surgical devices, arthroscopy devices and orthopedic braces and supports. Orthobiologics are biomaterials or synthetic used as fillers or separately to align or reconstruct broken bones.
On the basis of body area into knee, hip, shoulder and elbow, foot and ankle and, hand and wrist. The hip and knee segment is expected to dominate the market with more than 55% market share in 2017, and this trend is expected to continue in the forecasted years 2017 to 2024.
On the basis of end-users the Global Sports Medicine Market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others.
Global Sports Medicine Market: Geographic Segmentation
Based on geography the market is segmented into 7 geographical regions, North America, Latin America, Europe, Asia-Pacific, Japan and Middle East and Africa. The geographical regions are further segmented into major countries such as U.S.
Canada,Brazil, Argentina, Nordics,Benelux, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Australia and New Zealand, Brazil, India, Russia, South Africa and many others.
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Global Sports Medicine Market: Company Share Analysis
Some of the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others. In June 2016, DJO Global, a leading global provider of medical technologies, launched the Clima-Flex OA Knee Brace offering a new level of comfortable cooling relief through compression and offloading for patients with mild to moderate osteoarthritis knee pain.
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