Sports medicine devices market
comprises of products & devices that deals with the prevention and treatment of injuries sustained during sports activities or physical fitness training. Sports medicine devices are a branch of medical science and also called as sport and exercise medicine. These injuries include fractures, joint dislocation, soft tissue damage, strain or overstrain, and musculoskeletal injuries. On the basis of type of device, the sports medicine devices market is segmented into orthopedic products and support and recovery products.
Ever-growing technological advancement and rise in awareness and importance of sports activities among the young and older population is the major drivers for this market. Also, focus on developing cost-conscious treatment methods contribute to the growth of this market. Reconstructive devices dominated the sports medicine devices market and accounted for around XX% share of the total market in 2015. Sports medicine devices market was dominated by knee application segment with around XX% share of the market in 2015. The increasing number of age-related complications caused by diseases such as rheumatoid arthritis is also fueling market growth.
In terms of geography, the market is segmented into various regions namely North America, Europe, Asia-Pacific and Rest of the world (Row). According to the report, global sports medicine devices market was valued at $XX billion in 2015 and is forecast to reach $XX billion in 2021, growing at a CAGR of XX% between 2016 and 2021.
Arthroscopy devices was leading market segment and accounted for slightly over XX% share of the market in 2015. This is also expected to exhibit fastest growth during the forecast period. Major driving force for this segment is advancement in surgical technologies and increasing number of well qualified surgeons across the world. The need for highly trained professionals acts as a challenge for the market. This market growth in the emerging economies can be attributed to rising per capital income, growing health awareness and advanced sports facilities.
The sports devices market is dominated by North America, which accounted for slightly above XX% share of the global market in 2015. Europe has the second largest market share then followed by Asia-Pacific. Sports medicine market in America is also expected to witness rapid growth as compared to other regions. However, emerging economies are also expected to contribute towards the growth of this industry owing to rapid growth in countries like China, India, Brazil, Russia, etc. This market growth in the emerging economies can be attributed to rising per capita income, growing health awareness and advanced sports facilities.The major players dominating this market include:
- Arthrex, Inc.
- Smith & Nephew PLC
- Depuy Synthes
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Breg, Inc.
This report also provides in-depth analysis of the above mentioned segments. Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2015 are provided. Drivers, challenges and constraints which control the profitability of an industry is also analyze in the report.