The sports medicine market is expected to reach USD 8.3 Billion in 2020 from USD 5.6 Billion in 2015 at a CAGR of 8.0%. The market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the fastest rate during the forecast period.
Complete report on Sports Medicine Market spread across 155 Pages, Profiling 18 Companies and Supported with 72 Tables and 72 Figures is now available at http://www.reportsnreports.com/reports/187722-sports-medicine-devices-market-by-products-application-2012-2017-bone-cartilage-ligament-tendon-reconstruction-repair-braces-hot-cold-therapy-topical-pain-relief-compression-clothing-bandages-wraps-tapes-shoulder-elbow-wrist-back-spine.html .
The sports medicine market includes products used for the treatment of injuries caused during sports or any other physical activity. The global market is segmented on the basis of type, application, and region. By product, the sports medicine market is categorized into body reconstruction & repair products, body support & recovery products, and accessories. Body reconstruction & repair products include implants, fracture & ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics.
Sports Medicine Market, by Application Covered in this research
- Shoulder injuries
- Ankle & Foot injuries
- Elbow & Wrist injuries
- Back & Spine injuries
- Hip & Groin injuries
- Knee injuries
Body support & recovery products include braces & support, thermal therapy products, topical pain relief products, compression clothing, monitoring devices, and other products (acupuncture, massage, & electrostimulation products). Accessories include bandages, tapes, and wraps. In 2015, the body reconstruction & repair products segment is estimated to account for the largest share of the sports medicine market and grow at the highest rate during the forecast period.
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The key factors expected to spur the growth of the market are increasing incidence of sports injuries, regular entry of new products & treatment options in the market, growing research in sports medicine, and the popularity of minimally invasive procedures to in treating sport injuries. However, the high cost of implants and the excise tax on medical devices in the U.S. are likely to restrain the growth of this market. The need for highly trained professionals acts as a challenge in the sports medicine market.
Click now for more Details, Queries, Discount and Other Information on this study “Sports Medicine Market by Product Type (Implants, Arthroscopy, Prosthetics, Orthobiologics, Braces, Topical Pain Relief, Thermal Therapy, Compression Clothing, Bandages & Tapes), by Application (Knee, Shoulder) - Analysis & Global Forecast to 2020” research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=187722 .
The sports medicine market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various growth strategies (agreements, partnerships, joint ventures, geographic expansions, new product launches, and acquisitions) to increase their market shares and establish a strong foothold in the global market.
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