Market Research Expert

Global Sports Medicine Devices Market is Anticipated to Expand at a 4.40% CAGR from 2013 to 2019

Press Release   •   Jan 20, 2017 05:36 EST

Sports medicine is a branch of medicine dealing with treatment and prevention of injuries that occur during sports activities, while performing exercises, or physical fitness training. Sports medicine devices therefore, comprise products and devices that help prevent, cure, and recover injuries such as fractures, sprains, joint dislocation, soft tissue damage, and musculoskeletal injuries caused due to physical activities. Sports medicine devices are used by professional and non-professional athletes and other sportspersons to enhance their performance, endurance, as well as protection.

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The report assesses the global sports medicine devices market with respect to the available products. A detailed analysis of the market structure by identifying the various segments and sub-segments of the global sports medicine devices market has been given. Trends with respect to key geographies in the world have been assessed. The report identifies the drivers of the market along with the risks and opportunities impacting the industry. The scope of the study includes a competitive analysis of the market segments based on products from different regional markets

The rising awareness among people regarding an active lifestyle and fitness and health management is leading to an increased participation in sport activities. The increased participation in sports is leading to a rise in the number of injuries and this is fueling the demand for sports medicine devices across the globe. Moreover, serious injuries are resulting in a demand for minimally invasive surgeries, which is driving the growth of the sports medicine devices market. Other factors leading to a growth in the market include conducive reimbursement facilities and innovative surgical technologies.

On the basis of type of device, the sports medicine devices market into support and recovery products and orthopedic products. The orthopedic product segment is further classified into arthroscopy devices, prosthesis, artificial joint implants, orthobiologics, and fracture repair devices. Of these, the arthroscopy devices segment is a key contributor to the market’s revenue and is estimated to expand at a 5.80% CAGR between 2013 and 2019. On the other hand, the prosthesis segment is expected to witness sluggish growth in the coming years.

On the basis of geography, the global sports medicine devices market is segmented into Europe, North America, Asia Pacific, and the Rest of the World. Of these, North America is anticipated to be the dominant segment owing to the rising awareness among the elderly population base regarding fitness. The growing awareness about the benefits of physical activities and sports and rising incidences of sports injuries in countries in the Rest of the World and Asia Pacific will make these markets lucrative for sports medicine devices.

Some of the key vendors operating in the sports medicine devices market are: Smith & Nephew PLC, DJO Global, Inc., Ossur hf, BREG, Inc., ArthroCare Corporation, OttoBock Healthcare GmbH, DePuy Mitek, Inc., Zimmer Holdings, Inc., Mueller Sports Medicine, Inc., Arthrex, Inc., Conmed Corporation, Skins International Trading AG, Wright Medical Technology, Inc., Biomet, Inc., Stryker Corporation, and 3M Company Ace Brand.

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