DUBLIN–(BUSINESS WIRE)–The “Global
Sports Medicine Market: Focus on Products, Applications and 24 Countries
Data: Analysis and Forecast, 2019-2026” report has been added
to ResearchAndMarkets.com’s offering.
According to the new market intelligence report, the global sports
medicine market was estimated to be $5.99 billion in 2018 and is
expected to be $9.25 billion by 2026. It is expected to grow at a CAGR
of 5.64% from 2019 to 2026.
Prevention and recovery from the injuries endured during sports
activities are key factors for the performance of professionals, as well
as nonprofessional sportsperson. The rising participation in sports
activities, fuelled by an awareness towards health, is leading to the
growth of sports medicine market.
Physical activities such as exercise and sports are an important aspect
of a healthy lifestyle. They help improve stamina, inculcate team
spirit, and help develop fitness. However, an active participation in
sports, rigorous exercises and related physical activities, may also
lead to injuries such as rotator cuff injuries and superior labral tear
from anterior to posterior (SLAP) and trauma to joints and other body
parts. The need of an active sportsperson to prevent, and treat, these
injuries has led to the creation of a specialized healthcare branch —
Sports medicine deals with the overall physical fitness of athletes.
Prevention and a fast recovery from the injuries endured during sports
activities are important specifically for professional sportspersons,
making sports medicine prominent for them. Additionally, the global
sports medicine market has witnessed noteworthy advancements in the past
few years, with improved forms of techniques in treatment and products
that help the prevention and recovery process.
For instance, DePuy Synthes launched Speedtrap Graft Prep System on
March, 2017, which provides easy surgical method in comparison to the
traditional techniques. Smith & Nephew has launched Journey II XR in
March 2018, which provides partial knee replacement to aid early
recovery from a knee injury to the affected person. Such products are in
demand as patients are opting for minimally invasive surgeries and
procedures so as to reduce the in-patient time in hospital and have a
speedy recovery so as to return to sports field faster.
North America is currently the leading contributing region to the global
sports medicine market. The North American sports medicine market
accounted for $2.96 billion in 2018. Factors such as presence of key
players in the region, better healthcare infrastructure and facilities,
government initiatives to promote fitness and sports, rising consumer
healthcare spending, and the increase in exercise for health reasons,
all contribute to the expansion of sports medicine in the North America
region. Most of the sports medicine companies have their manufacturing
units and their subsidiaries in North America. The growth of sports
medicine market is primarily because of increasing investments in the
market by companies and associations promoting this branch of healthcare.
Asia-Pacific, with an expected CAGR of 7.08% from 2019 to 2026, is
however, anticipated to be the fastest growing region in the market The
APAC region is registering this growth because of increasing
participation of people in sports and growth of sports as a career
,along with rising awareness about specialized treatment of sports
Recent advancements for sports injuries treatment by using minimally
invasive methods have led to reduced blood loss, pain, and risk of
infections, as well as aid in faster recovery of the patients at an
Based on product segmentation, the major contributor towards the
market was body reconstruction and repair products which was valued at
$3.88 billion in 2018. However, body support and recovery products
displayed higher CAGR due to their versatile product range.
The global sports medicine market, segmented on application, was
dominated by knee injuries. This is majorly because legs and knees are
involved in a lot of sports such as football, cricket and rugby. Hence
this exposed joint is more prone to injuries. The highest CAGR was
however shown by elbow and wrist injuries segments – as elbow and
wrist joints have a fragile nature – which is growing at a rate of
7.62% from 2019 to 2026.
The pipeline of sports medicine remains robust with the development of
3D printing orthopedic implant products and robotic systems.
The report is a meticulous compilation of research on more than 70
players in the market ecosystem and draws upon insights from in-depth
interviews with the key opinion leaders of more than 16 leading
companies, market participants, and vendors. The report also profiles 15
companies including several key players, such as Smith & Nephew, Stryker
Corporation, DePuy Synthes, RTI Surgical, Osiris Therapeutics, Arthrex
Inc., Bioventus LLC, Breg Inc., Ceterix Orthopedics Inc., CONMED
Corporation, DJO LLC, General Electric Company, Johnson & Johnson,
Mueller Sports Medicine, Inc., RTI Surgical, INC., Wright Medical Group
N.V., ZIMMER Biomet Holdings, Inc. and among others.
Key Topics Covered
1 Market Overview
1.1 Types of Sports Injuries
2 Market Dynamics
2.1.1 Growing Incidence of Sports Injuries
2.1.2 Increasing Popularity of Minimally Invasive Surgery
2.1.3 Increased Awareness About Implants
2.1.4 Continuous Launch of New Products
2.1.5 Increasing Number of Sports Medicine association
2.2.1 High Cost of Treatment
2.2.2 Adverse Effects After Treatments
2.3.1 Development in the Field of Regenerative Medicine
2.3.2 Automation of Surgeries
2.3.3 Development of Advanced Materials
3 Competitive Landscape
3.1 Key Developmental Strategies
3.1.2 Agreements, Collaborations and Partnerships
3.1.3 Clinical Studies
3.2 Market Share Analysis
4 Industry Insights
4.1 Regulatory Organizations/associations/Consortiums
4.2 Patent Landscape
5 Global Sports Medicine (by Product)
5.1 Body Reconstruction and Repair Devices
5.1.2 Arthroscopy Devices
5.1.3 Repair Devices
5.2 Body Support and Recovery Devices
6 Global Sports Medicine Market, (by Application)
6.3 Foot and Ankle
6.5 Elbow and Wrist
7 Global Sports Medicine Market (by Region)
7.1 North America
7.4 Latin America
7.5 The Rest-of-the-World (RoW)
8 Company Profiles
8.2 Arthrex Inc.
8.2.1 Company Overview
8.2.2 Role of Arthrex in the Sports Medicine Market
8.2.3 SWOT Analysis
8.3 Bioventus LLC
8.4 Breg Inc.
8.5 Ceterix Orthopaedics Inc.
8.6 ConMed Corporation
8.7 DJO LLC
8.8 General Electric Company
8.9 Johnson & Johnson
8.10 Mueller Sports Medicine Inc.
8.11 Osiris Therapeutics Inc.
8.12 RTI Surgical Inc.
8.13 Smith & Nephew PLC
8.14 Stryker Corporation
8.15 Wright Medical Group N.V.
8.16 Zimmer Biomet Holdings Inc.
9 Research Scope and Methodology
9.1 Scope of the Report
9.2 Global Sports Medicine Market Segmentation
9.3 Research Methodology
9.4 Assumptions and Limitations
For more information about this report visit https://www.researchandmarkets.com/r/9ysl8t
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Medicine and Physiotherapy, Data