Global Sports Medicine Market to Reach $9.25 billion by 2026
NEW YORK, April 15, 2019 /PRNewswire/ -- Sports play an important part in the development of an individual and society.Sports is a physical activity which inculcates discipline, activeness, fitness, and team spirit among people.Read the full report: https://www.reportlinker.com/p05767423/?utm_source=PRN Playing sports is a common physical activity taken up by health-conscious individuals globally. Not only professional athletes, but children as well as adults play sports. The physical activity involved while playing sports may lead to injuries among the players. Sports medicine is a branch of healthcare that deals with the prevention and treatment of sports injuries and the overall physical fitness of active sportspersons, affecting their functioning and performances, hence, sports medicine is specifically important for them. The treatment of injuries may involve the use of medical devices and pharmaceuticals. These medical devices include implants, arthroscopy devices, suture anchors, braces and support and many other accessories. With the rising awareness about sports and fitness, there has been an increased participation in sports even by the non-professional sportsperson and hence there is an increase in the need for the development of novel diagnostics, prevention techniques and treatment methods which are aimed specifically at sports injuries. The market has witnessed significant advancements in the past few years through the intervention of high-end technologies and medical devices. These advanced treatment methods have reduced time for the recovery.
The sports medicine market consists of various products that can be classified as reconstruction and repair, support and recovery products and accessories.
The reporton global sports medicine market includes an in-depth examination of the key ecosystem players, key strategies, and developments taking place in global sports medicine market.Additionally, the report includes an analysis of market dynamics (market drivers, opportunities, and challenges) and industry analysis.
The market has been classified based on different application, such as knee, shoulder, foot and ankle, elbow and wrist, hip, and others. Region-wise, the market can be segmented into five distinct regions that include North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.
The purpose of the study is to gain a holistic view of the global sports medicine market in terms of various factors influencing it, such as key market trends, competitive and regulatory aspects of the market, and scientific innovations in sports medicine. The scope of the report is centred upon conducting a detailed study of the solutions allied with sports medicine market, which involves techniques used in different applications of sports injuries. The global sports medicine market is segmented into three different parts: 'by products', 'by application', and 'by region'. The report offers the reader an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken by the industry players into consideration before entering the market.
This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The regions that the market has been segmented into, has been sub-segmented into various countries, and for each of these countries, the key market trends, list of the key players, as well as recent developments for these key players, have been discussed.
The answers to the following key questions can be derived from this report:
- What is sports medicine? What are the products included in sports medicine?
- What are the major market drivers, restraints, and opportunities in the global sports medicine market?
- What were the market shares of the leading segments, and sub-segments of the global sports medicine market in 2018 and what will be its share in 2026?
- How will each segment of the global sports medicine market grow during the forecast period from 2019 to 2026, and what will be the revenue generated by each of the segments by the end of 2026?
- What are the influencing factors that may affect the market share of the key players?
- What are the key developmental strategies implemented by the key players to stand out in this market?
- What are the major regulatory authorities/ associations/ consortiums affecting the sports medicine market?
- Which product segment is expected to register the highest CAGR for the global sports medicine market?
- How has the market been segmented based on application? Which application segment had the largest share, and the fastest growth rate in the global sports medicine market?
- Which region will contribute to the highest sales of the sports medicine during the forecast period and which will have the highest CAGR?
The key players that have been contributing significantly in the sports medicine market include 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., and Zimmer Biomet Holdings, Inc., among others.
Sports play an important part in the development of an individual and the society.Sports is a physical activity which inculcates discipline, activeness, fitness, and team spirit among people.
Playing sports is a common physical activity taken up by health-conscious individuals globally.Not only professional athletes, but children as well as adults play sports.
However, participation in sports may also lead to physical injuries, requiring the right practices for prevention and the right treatment for faster recovery. Several products, as well as invasive and non-invasive procedure and advanced techniques, are used for prevention and treatment of these injuries. Sports medicine, a significant part of the healthcare sector, provides treatment and recovery for several injuries that occur during sports, exercises or any other physical activities. The healthcare professionals associated with sports medicine are specialized professionals with expertise on treating, and preventing, sports injuries, to help the injured athletes heal and recover faster. 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.
Nowadays there is an increased participation by people in different sports as people are more concerned towards their health.School curriculums, world-wide also emphasize on sports being a part of the education system of and encourage students in different sports activities.
Prevention and recovery from injuries endured during sports activities are crucial for the performance of a professional, as well as nonprofessional, sportsperson.With the rising participation in sports activities and awareness towards health, there is an increased requirement of novel diagnostics, prevention techniques, and treatment methods specifically for sports injuries.
The global sports medicine market has therefore, witnessed significant advancements in terms of product launches in the past few years through the intervention of high-end technologies and medical devices.
The purpose of the BIS Research study, Global Sports Medicine Market: Analysis and Forecast, 2019-2026, is to gain a holistic view of the global sports medicine market against various factors influencing the market, such as the key market trends, competitive and regulatory aspects of the market, and technical advancement in the field.The scope of the report is centred upon a detailed study of the solutions allied with sports medicine market which involves medical device used in different treatments and applications for sports injuries treatments.
The global sports medicine market is segmented into three different parts: 'by products', 'by application', and 'by region'. The global market value for sports medicine was estimated using these three different approaches and was validated against one another.
Based on products, the market can be sub-segmented into body reconstruction and repair, body support, and accessories market respectively.The market for body reconstruction and repair dominates the market in terms of revenue.
The growth of the body reconstruction and repair market is accredited to the efficiency of these for advanced methods of treatment for different injuries.However, these type of repair and reconstruction devices are mostly preferred for correcting any type of injury.
Further, the fastest growing segment was estimated to be body support products which include braces and support systems for knees, shoulder, elbow and other types of joints. These products are used to restrict movement, reduce pain and inflammation, and provide support to the joint injury.
Based on application, the market can be classified into various injury applications such as knee injury, shoulder injury, hip injury, foot and ankle injury, elbow and wrist injury, and others. Knee injuries were the most common type of injuries and contributed the maximum revenue to the global sports medicine market with a share of 28.16% in 2018. This is majorly because several popular sports such as football, cricket, and rugby, require activities such as running, putting a strain on knee joints of the sportsperson. The elbow and wrist-joint injuries is estimated to be the fastest growing segment, due to the fragile nature of these joints.
The market is sub-segmented into five distinct regions -- North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World. Region-wise, North America was estimated to be the dominant region with a revenue share of 49.45% in 2018. This is majorly due to the presence of key players in the region along with better healthcare infrastructure and facilities. Government initiatives taken to promote fitness and sports, rising consumer spending, and the increase in exercise for health reasons, are some of the factors that have contributed to the expansion of sports medicine in the North America region. Most of the sports medicine companies have their manufacturing units in North America and their subsidiaries in the region. The growth of sports medicine market is mainly because of higher investments in the market by different companies and associations. However, the fastest growing region is expected to be Asia-Pacific with a CAGR of 7.08% from 2019 to 2026. This is majorly because of increasing participation of people in sports and growth of sports as a career, along with rising awareness about sports injuries and treatments.
The sports medicine market has a promising potential for growth in the coming years.The report provides an in-depth SWOT analysis of different key players of the market, supported by an extensive financial summary of each company.
The key players of the market are 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., and Zimmer Biomet Holdings, Inc., among others.
- North America
- The U.S.
- The U.K.
- The Netherlands
- The Rest-of-Europe
- South Korea
- New Zealand
- The Rest-of-Asia-Pacific
- Latin America
- Rest-of-Latin America
- The Rest-of-the-World (RoW)
- Saudi Arabia
- The U.A.E.
Read the full report: https://www.reportlinker.com/p05767423/?utm_source=PRN
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