According to the report “Global Sports Medicine Market,” the global market is projected to reach USD 9.12 billion by 2021, at a CAGR of 8.1% from 2016 to 2021.
Finding effective treatment for sports and exercise related injuries can be challenging. When medicines used for general injuries have been unsuccessful or are not an option, Sports medicine may offer good treatment and benefits.
Sports medicines are used to avoid, diagnose and treat injuries caused due any physical activity. They are used by both athletes and non-athletes.
The medicines are produced keeping in mind the implications like body repair, body support & recovery and other injury preventive sports accessories.
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Global Sports Medicine Market: Drivers & Restraints
The major factors that are driving the growth of the market are increasing inclination towards fitness, rise in R & D investment of sports medicine products, and increased instances of sports injuries. However, there are number of factors that are challenging the growth of the Global Sports Medicine market like high cost related with treatment, insufficient reimbursement and lack of skilled labour in this field.
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Global Sports Medicine market: Segmentation
By Product Type
- Body Reconstruction & Repair Products
- Body Support & Recovery Products
- Knee Injuries
- Shoulder Injuries
- Ankle & Foot Injuries
- Elbow & Wrist Injuries
- Hip & Groin Injuries
- Back & Spine Injuries
- Other Injuries
- Orthopaedic clinics
- Ambulatory surgical centres
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Global Sports Medicine market: Overview
Global Sports Medicine market is expected to witness high demand due to increased concern for fitness, growing number of injuries due to physical activity and increased innovation. Orthopaedic clinics are major end-users of Global Sports medicine market due to increased preference for day care surgeries over the arthroscopy.
As discussed earlier, much of the region’s growth is likely to come from the athletes who practice their sport daily and thus are more susceptible to injuries. Majority of the region’s revenue comes from the UK, Germany and France due to technological advancements and the availability of reimbursement facilities in the country.
With the growing preference for SCS devices by the surgeons' in MIS technique for chronic back pain management, the market will witness huge growth in the region during the forecast period.
Global Sports Medicine market: Region-wise Outlook
The Global Sports Medicine market is analysed under various regions namely Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America leads the global sports medicine market but Asia Pacific has the highest potential for growth during the future years to come.
Key Questions Answered
- What is the current and future Global Sports Medicine market outlook in worldwide? What trends are affecting the market?
- What is the competitive landscape and market share of major players in the Global Sports Medicine?
- What are the key, high growth markets that Global Sports Medicine manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Global Sports Medicine currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Global Sports Medicine?
- What are the challenges and barriers that have hindered widespread adoption of Global Sports Medicine?
Global Sports Medicine market: Key Players
Some of the major players in this market are Smith & Nephew PLC, Arthrex, Inc., össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet, Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.
Reasons to access Global Sports Medicine market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, end users with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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