Dublin, April 17, 2019 (GLOBE NEWSWIRE) — 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 non-professional 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.
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 injuries.
- 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 affordable cost.
- 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/qxeesh
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