Global Sports Medicine Market – Highlights
Market Research Future® has recently published its Premium Report on Global Sports Medicine Market which reveals that the sports medicine market is projected to grow at a promising CAGR of 8.9% during the forecast period of 2017 to 2023.
Sports medicine is a necessary part of the sports and athletics sector due to its use in ensuring sportspeople and athletes are in the right physical condition to perform. The global sports medicine market is expected to reach an estimated USD 9,655.6 Mn by the end of 2023.
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Leading Industry Players
- Zimmer Biomet
- CONMED Corporation
- DePuy Synthes
- GE Healthcare
- Smith & Nephew plc
- Arthrex, Inc.
Sports medicines are known as the branch of medicines that deals with the physical health and curing or prevention of sports relates injuries.
In almost a last decade it has been noticed that people are more aware about health. Increasing health education in school and different programmers on social media has led to increase the awareness about health. People have started adopting sports as the mean to maintain the health and as extracurricular activity.
Detailed Market Segmentation
MRFR’s segmental analysis has been performed on the basis of product, application, procedure, end-user, and region.
By product, the Sports Medicine Market is segmented to include
- Joint reconstructive & repair products
- Accessories & consumables
- Support & recovery products
The joint reconstructive & repair products segment has been sub-segmented into Ligament repair devices, Implants, Fracture, Prosthetic devices, Arthroscopy devices
The support and recovery products segment has been further divided to include Topical pain relief products, Monitoring devices, Thermal therapy devices, Braces & support, Monitoring devices
By application, the market is divided into
- Spine treatment
- Hip treatment
- Knee treatment
- Shoulder treatment
By procedure, the market is categorized into
- Tendon to bone
- Cartilage repair
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The tendinosis segment accounts for over half of the total market share. Tendinosis is chronic in nature and afflicts tendons which experience continuous stress over time which is highly common is sportspeople and athletes who carry the same sporting activities for years on end.
By end user, the market is segmented into
- Ambulatory care
- Trauma centers
- Hospitals & emergency care
Globally, the market has been segmented region-wise into North America, Europe, Asia Pacific and the Middle East & Africa.
Not only young but elderly people have also adopted sports. This has led to increase the number of sports related injuries across the globe. This increasing number of sports injuries and sports medicine centers are the major reason for the growth of sports medicines market across the globe.
On the other hand lack of skilled professionals for treating pediatric sports injuries and high cost of treatment may hamper the growth of the market.
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