Study analyzes sports medicine market & aims at estimating market size and future growth potential of sports medicine market based on various segments like product, application, & region. Report also includes an in-depth regulatory analysis for various regions across globe & competitive analysis of key players in this market along with their company profiles, product & service offerings, recent developments, & key market strategies.
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The global sports medicine market is projected to reach USD 8.24 Billion by 2022 from USD 5.41 Billion in 2016, at a CAGR of 7.4% during the forecast period. Base year considered for the report is 2016.
Forecast period considered for the report is 2017–2022.
Key factors driving growth of sports medicine market are increasing incidences of sports injuries, continuous influx of new products and treatment modalities, and development in field of regenerative medicine.
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High costs of orthopedic implants and other devices are restraining growth of market.
Key Target Audience:
- Sports Medicine Device Manufacturers and Distributors
- Healthcare Institutions (Hospitals, Medical Schools, Group Practices, Individual Surgeons, and Governing Bodies)
- Physiotherapy Centers
- Vendors/Service Providers
- Venture Capitalists
- Health Insurance Players
- Research Institutes
- Research and Consulting Firms
The sports medicine market is segmented on the basis of product, application, and region. On the basis of product, the global market is segmented into body reconstruction products, body support & recovery products, and accessories.
The body reconstruction products segment is further categorized into implants, fracture & ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics.
Sports medicine pertains to treatment & prevention of injuries resulting from sports & athletic activities. Sports injuries involve both bone & soft tissue injuries.
Sports medicine market includes devices that are used for prevention of sports injuries & for cure, recovery, & rehabilitation of such injuries.
1 Sports Medicine: Market Overview (2017-2022)
2 European Sports Medicine Market, By Product
3 Sports Medicine Market Share, By Application, 2017 vs 2022
4 Geographic Snapshot of the Sports Medicine Market
Sports Medicine Market, By Application
2 Knee Injuries
3 Shoulder Injuries
4 Foot and Ankle Injuries
5 Elbow and Wrist Injuries
6 Back and Spine Injuries
7 Hip and Groin Injuries
Asia Pacific is expected to witness the highest growth during 2017 to 2022. The influx of international players, government initiatives to promote sports medicine, and collaborations for sports medicine research are the key factors responsible for the growth of this market in the APAC region.
Key players in sports medicine market are Arthrex, (US), Smith & Nephew (UK), DePuy Synthes (US), Stryker (US), CONMED (US), Zimmer Biomet (US), Breg (US), DJO Global (US), Mueller Sports (US), Wright Medical Group (US), Medtronic (Ireland), RTI Surgical (US), and Performance Health International (US).
2 Market Dynamics
Geographic segments in this report include North America, Europe, Asia Pacific, & RoW. Large share of this segment can primarily be attributed to increased popularity of sports & physical activities, continued government support, investments in field of sports awareness, & efforts to raise awareness on prevention & treatment of sports injuries.