The global sports medicine market is expected
to reach USD 12.5 billion by 2025, according to a new report by Grand View
Research, Inc. Rising incidences of sports related injuries worldwide is
anticipated to be high impact rendering driver for the lucrative growth of
sports medicine market.
As per data published by the U.S.
Consumer Product Safety Commission’s National Electronic Injury Surveillance
System (NEISS) in 2012, around 1.9 million people encountered such injuries.
Additionally, with aid of fitness awareness initiatives from government and
health organizations, people nowadays are more focused on physical exercise
including gym, outdoor sports and others fitness activities. With this people
are more prone to injuries, hence contributing to the remunerative growth of
market.
Additionally, influx of
technologically advanced products such as minimally invasive surgical products
is anticipated to increase the demand for these devices over the forecast
period. For instance, in March 2015, Smith & Nephew launched Q-FIX implant
which assists surgeon’s flexibility for all sutures anchors along with fixation
and pull-out strength equivalent to large sized anchors.
Similarly, in May 2014 Smith
& Nephew acquired ArthroCare, a medical device company based in the U.S.
specialized in tissue repair devices. This acquisition helped the company to
enrich its sports medicine product portfolio.
Browse full research report on Global Sports Medicine Market: http://www.grandviewresearch.com/industry-analysis/sports-medicine-industry
Further key findings from the study suggest:
- Body reconstruction and repair devices consisting of surgical equipment, soft tissue repair, and bone reconstruction devices held significant share in 2016 and also this segment is anticipated to exhibit lucrative growth rate over the forecast period.
- Knee-related applications held largest market share in 2016.The knee injuries are the most frequent in most of the games such as soccer, basketball, bicycle, and running which supported the dominion in application segment.
- In the therapeutic segment, cardiology, IVD, and drug delivery are the top performing segments. Rising incidences of cardiac failures, infectious diseases and high research activity in the field of drug delivery are certain vital impact rendering factors.
- North America, held commanding shares in global sports medicine market. Improved healthcare infrastructure and high healthcare expenditure are key factors responsible for growth. In addition, presence of organizations which are dedicated in field of sports medicine such as the American College of Sports Medicine (ACSM) facilitated availability of adequate and qualified staff.
- The key players of the industry include Stryker Corporation, Arthrex, ArthroCare, Tornier N.V., Wright Medical Technology, DJO Global, Otto Bock Healthcare, Ossur HF, Zimmer Holdings Inc., and Smith & Nephew Plc.
Grand View Research has segmented the global sports medicine
market on the basis of product, application, and region:
Global Sports Medicine Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Body Reconstruction and Repair
- Surgical Equipment
- Soft Tissue Repair
- Bone Reconstruction Devices
- Body Support and Recovery
- Brace and Support Devices
- Compression Clothing
- Hot and Cold Therapy
- Body Monitoring and Evaluation
- Cardiac
- Respiratory
- Hemodynamic
- Musculoskeletal
- Others
- Accessories
- Bandages
- Tapes
- Disinfectants
- Wraps
- Others
Global Sports Medicine Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Knee
- Shoulders
- Ankle and Foot
- Back and Spine
- Elbow and Wrist
- Hip
- Others
Sports Medicine Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment