Sports Medicine Market Trends, Emerging Growth, Competitor Analysis And Industry Overview

 

Sports Medicine Market

Market Insights:

With the rise in inclination towards sports, the need for prevention, diagnosis, and treatment of sports injuries has also increased.  Market Research Future (MRFR) has unfolded in its latest report that the global sports medicine market is set to proliferate at a steady CAGR of 8.9% over the forecast period 2017 to 2023. The market is estimated to reach a valuation of USD 9,655.6 Mn by the end of 2023.

The increasing number of sports associations has accelerated awareness about the benefits of sports medicines and its availability which has fueled the growth of the market. The rising incidences of sports injuries are favoring the expansion of the market. Research & development activities undertaken by the key players coupled with the introduction of new products catering to the need for different injuries have catalyzed the revenue generation in the market.

However, the dearth of proper awareness about sports safety measures, lack of skilled professionals for treating sports injuries, complex reimbursement policies, etc. are projected to be the major restraints of Sports Medicine Market.

Market segmentation:

·         By product, global sports injuries market has been segmented into joint reconstructive & repair products, support & recovery products, accessories & consumables and others.

·         By application, the market is segmented into shoulder treatment, knee treatment, hip treatment, spine treatment, and others.

·         By procedure, the market is segmented into tendinosis, tendon to bone, and cartilage repair. The tendinosis segment is poised to captivate the most substantial fraction of market revenue during the projection period.

·         By end-user, the market has been segmented into hospitals & emergency care, trauma centers, ambulatory care, and others.

Competitive Dashboard:

The key players competing in the market have been profiled by MRFR to draw a deeper insight into the market which includes

·         Medtronic,

·         Zimmer Biomet,

·         DePuy Synthes,

·         Smith & Nephew plc,

·         Stryker,

·         CONMED Corporation,

·         GE Healthcare,

·         Arthrex, Inc.,

·         among others.

The players strive to tap the unexplored opportunities in the market by devising strategies such as expansion of product portfolio, research & development activities, innovative partnership, agreements, establishment of technically advanced manufacturing plants, acquisitions & mergers, etc. Presently, there are more than 2569 players participating in the competitive landscape of the market.

Regional Analysis:

By region, the global sports medicine market has been segmented into North America, Europe, Asia Pacific, and, Middle East and Africa. North America is the leading market globally and accounted for 39% of the market size in 2016 with a market valuation of USD 1,883.6 Mn. According to a report published by the Centers for Disease Control (CDC), the U.S., high school athletes accounts for around 2 million sports injuries every year. The rising count of sports injuries in the region is one of the key drivers of the market.

Europe holds the second spot in terms of market size and is poised to retain its influence throughout the forecast period. The accelerated rate of sports activities in the region has paved the way for the upward shift in the demand curve of sports medicines owing to rising count of sports injuries. Furthermore, increasing awareness on the consumer’s side coupled with the growth strategies of key players has also fueled the market expansion in the region.

Asia Pacific region is set to thrive saliently over the assessment period at a robust CAGR of 9.2% and will demonstrate the steepest rise in the growth curve. The factors favoring market expansion in the region are developments in the healthcare sector, increasing sports associations, rising awareness about health and sports medicines, etc. Middle East & Africa market will grow at the slowest pace with the least market share over the next couple of years.

Table of Content:

1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS & LIMITATIONS

1.2.2.1 ASSUMPTIONS

1.2.2.2 LIMITATIONS

1.3 MARKET STRUCTURE:

2 RESEARCH METHODOLOGY

2.1 RESEARCH PROCESS:

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH:

3 MARKET DYNAMICS

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 MACROECONOMIC INDICATORS

4 MARKET FACTOR ANALYSIS

4.1 PORTERS FIVE FORCES MODEL

4.2 BARGAINING POWER OF SUPPLIERS

4.3 BARGAINING POWER OF BUYERS

4.4 THREAT OF NEW ENTRANTS

4.5 THREAT OF SUBSTITUTES

4.6 INTENSITY OF RIVALRY

5 GLOBAL SPORTS MEDICINE MARKET BY PRODUCT

5.1 INTRODUCTION

5.2 JOINT RECONSTRUCTIVE & REPAIR PRODUCTS

5.2.1 IMPLANTS

5.2.2 LIGAMENT REPAIR DEVICES

5.2.3 FRACTURE

5.2.4 ARTHROSCOPY DEVICES

5.2.5 PROSTHETIC DEVICES

5.2.5 OTHERS

5.3 SUPPORT & RECOVERY PRODUCTS

5.3.1 BRACES & SUPPORT

5.3.2 THERMAL THERAPY DEVICES

5.3.3 TOPICAL PAIN RELIEF PRODUCT

5.3.4 MONITORING DEVICES

5.3.5 OTHERS

5.4 ACCESSORIES & CONSUMABLES

5.5 OTHERS

Industry News:

·         Arthrex, Inc, which is the global leader for the sports medicine market, is establishing 122-foot tower in North Naples as a part of its expansion plan. The new office will be the company’s new event and administration building for supporting the manufacturing growth of sports devices and medicines.

·         CoRehab, based in Trento, Italy, has signed a distribution agreement with Zimmer Biomet, an industry leader in the sports medicine market. Zimmer Biomet will be distributing modules of CoRehab’s sports medicine and physical therapy platform. The marketing and sales of the products will occur under the Zimmer Biomet trade name of Smartmove.

About US:

Market Research Future (MRFR) enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

 

Comments

Post a Comment

Popular posts from this blog

Ayurvedic Products Market Outlook, Trend, Growth and Share Estimation Analysis and Forecast 2020-2030

Image
  Global Ayurvedic Products Market Overview Ayurvedic Products are generally used in personal care and healthcare products. Ayurvedic products originated from India, and thus, the concentration of ayurvedic product suppliers is the highest in the country. According to the latest research reports Due to growing inclination for natural treatment, the Ayurvedic Products Market , size is projected to reach USD 28830.5 Million by 2030 at 12.3% CAGR. Many factors are influencing a significant rise in the growth rate between during forecast periods. Increasing adoption of traditional methods for medicinal purposes is observed to cause a significant boost in the global Ayurvedic Products Market With a rise in the working woman population, rising disposable income, and a growing inclination towards chemical free and herbal cosmetics are some of the primary factors contributing to the ascension of the global ayurvedic market. Apart from personal care, ayurvedic healthcare products are...
Read more

Pain Management Devices Market Set To Exhibit Strong Growth, Valuable Research Factors and Industry Forecast to 2030

Image
  Pain Management Devices Market – Overview The Pain Management Devices Market can anticipate expansion at a rate of 7.12% from 2020 to 2030, believes MRFR (Market Research Future). Progress in technology and better research capabilities have led to the development of devices that can control pain with limited use of drugs. Focused Market reports connected to the healthcare sector among others lately have been made available by Market Research Future which publishes a report on this sector. The development of pain management devices has been useful to control pain in a wide range of ailments. The level of relief from pain that is experienced, is one of the major driving factors for the industry, as patients who use such devices are prone to chronic pain daily. Cancer patients and the geriatric population are among the major user segments for the pain management devices as medication alone may not be sufficient to provide pain relief in their situation. The industry is antici...
Read more

Breast Cancer Market 2022-2027 Worldwide Demand and Growth Analysis Report 2022-2027

Image
  Breast Cancer is the second-most common type of cancer in women and one of the paramount concerns, globally. According to WHO, every year, around 200,000 new cases get registered, and the digits are continuously increasing. Many statistics show that breast cancer is more prevalent in developed countries such as the UK, the US, and Australia as their women are more prone to acquire the disease. This doesn’t mean that women from developing countries like India and China are out of breast cancer’s radar. On the contrary, they are more vulnerable than women from developed regions. Unavailability of proper treatment due to the lack of funds and awareness towards the government’s programs is killing them more than breast cancer can. Advancements in medical science and biotechnology have improved the outlook of diagnosis. However, the recovery is still challenging as survivors adjust to the scars that remain mentally and physically. Surprisingly, the Breast Cancer Market is still a...
Read more