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Global Sports Medicine Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Sports Medicine

The report focuses on the favorable Global “Sports Medicine market” and its expanding nature. The Sports Medicine market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The sports medicine market is expected to register a CAGR of 7.5% during the forecast period (2019-2024). Certain factors that are fuelling the market include rising burden of sports injuries, consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries.
  • Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann’s disease. According to the sports injury Stanford children health statistics, in the United States, about 30 million kids and teenagers participate in some form of organized sports. More than 3.5 million injuries occur each year in the United States, which cause some loss of time of participation experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related injuries.
  • Similarly, the an countries have a large population engaged in various sports, like football, basketball, volleyball, rock climbing, boating, bike, car racing, etc., which carry an inherent risk of serious injuries or wear and tear, due to extreme training programs. It is estimated that approximately six in 1,000 unintentional fatal injuries can be attributed to sports, such as rock climbing, water sports, or horse-related sports (Equestrian Activities).
  • About 4.5 million people, aged 15 and over, have been treated in hospital for a sports injury (as defined by the EU IDB catalog of sports). According to the statistics, about 25% of sports injuries affect the 15-24-year-old category. Team ball sports, a major segment of sporting category in , account for approximately 40% of all hospital-treated sports injuries. Apart from EU IDB, as per the Stop Sports Injuries, Youth Sports Injury Statistics, 2016, about 40% of all sports-related injuries treated in hospitals are for children in the age group of 5-14 years.
  • Moreover, trends suggest that incidences of injuries are expected to increase significantly in the coming years. Additionally, the rate of injury is expected to increase in the developing part of the world, as sports and physical activities are gaining significance in the region. The current high rate of injury in the developed countries, along with increasing incidences of injury in developed and developing countries, is expected to drive the sports medicine market across the world.

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    Key Manufacturers

  • Arthrex Inc.
  • CONMED Corporation
  • Johnson & Johnson
  • Medtronic PLC
  • Mueller Sports Medicine Inc.
  • Performance Health
  • Smith & Nephew
  • Stryker Corporation
  • Wright Medical Group
  • Zimmer Biomet Holdings Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Sports Medicine market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Sports Medicine market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Sports Medicine market have also been involved in the study.

    Scope of the Report:

  • Sports medicine acts as a bridge between science, exercise, and health. Moreover, it catalyzes scientific assessment, study, and understanding of sports performance. It involves combined efforts of athletic trainers, physicians, physical therapists, and sports scientists to collaborate and provide the best possible medical care for athletic injuries and illnesses.

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    TOC of Sports Medicine Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Sports Medicine market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Sports Medicine Market Report Covered:

    • The report analyses how Sports Medicine market will grow in the future.
    • Analyzing various perspectives of the Sports Medicine market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Sports Medicine market shares and policies employed by the major market players.
    • Competitive landscape including the Sports Medicine market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Sports Medicine market players

    Key Market Trends:

    Implants are Expected to Grow at a Faster Pace in the Product Segment

    Under sports injuries sub-segment of the market studied, there has been a continuous evolvement toward the development of bioresorbable implants. The use of arthroscopic procedures and absorbable implants are quite common for the treatment of sports injuries, for secure graft fixation.

    The companies are advancing their technology on the absorbable polymer, such as the development of calcium polymer composite materials for a number of advantages over MRI imaging, metal contamination, and better healing, over a period of time. In major sports injuries, meniscus tears are very common, where often total knee replacement is considered for the treatment. However, in regards to the same, Active Implants has made significant advancements with its NUsurface Meniscus Implant, for the treatment of persistent knee pain.

    RTI Surgical is another major company advancing in bone and tissue grafts for natural implantation, and faster times in the operating room. The metal and synthetic technologies for implant procedures have been used for many years, where a significant expense takes place in the R&D of a company. Implants secure a significant portion of the company’s business, primarily involved in sports injuries and medicine. With a large segment of the American and an population involved in the sports at all ages, the demand is expected to show a consistent rise. Owing to the growth of the middle-income population, with higher healthcare expenditure and awareness about sports medicine in each country, the market is expected to register a higher growth rate during the forecast period.

    Dominates the Market in the North American Region and is Anticipated to Follow the Same Trend in the Future

    The has the largest share in the market, mainly due to the high frequency of sports injuries occuring in the region. About 30 million children and teens in the country participate in some form of organized sports.

    According to the Stanford Children’s Health report, more than 3.5 million injuries occur in the each year, which results in loss of time of participation. One-third of the injuries that occur in childhood are sports-related, among which, sprains and strains are the most common.

    Around 21% of all traumatic brain injuries among American children are from sports and recreational activities. Injuries in the knee (Patellofemoral Syndrome), shoulder, elbow, sciatica, and hamstring strain (muscle or tendon) are the most common sports injuries in the country.

    In February 2017, Smith & Nephew PLC entered into an agreement with Leaf Healthcare, a California-based developer of a unique wireless patient monitoring system for injury prevention. This agreement enables the use of this technology by a nationwide customer base. LEOMO Inc., a company headquartered in San Diego, has entered into a partnership with sports medicine and biomechanics researchers, in order to validate that its product, TYPE-R, can offer benefits in identifying, responding to and avoiding injuries in athletes, especially in competitive cyclists, triathletes, and coaches. With many sports injuries and major players involved in active research, the sports medicine market in the is expected to grow during the forecast period.

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    Study objectives of Sports Medicine Market Report:

    • To provide a detailed analysis of the market structure along with the Sports Medicine market forecast of various segments and sub-segments of the Sports Medicine market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Sports Medicine market trends that influence the global Sports Medicine market

    Detailed TOC of Sports Medicine Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rising Incidence of Sports Injuries
    4.2.2 Consistent Innovation of New Products and Treatment Modalities
    4.2.3 Rising Demand for Minimally Invasive Surgeries
    4.3 Market Restraints
    4.3.1 High Cost of Implants and Devices
    4.3.2 Dearth of Proper Sports Ecosystem
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Implants
    5.1.2 Arthroscopy Devices
    5.1.3 Prosthetic
    5.1.4 Orthobiologics
    5.1.5 Braces
    5.1.6 Bandages and Tapes
    5.1.7 Other Products
    5.2 By Application
    5.2.1 Knee Injuries
    5.2.2 Shoulder Injuries
    5.2.3 Ankle and Foot Injuries
    5.2.4 Back and Spine Injuries
    5.2.5 Elbow and Wrist Injuries
    5.2.6 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Arthrex Inc.
    6.1.2 CONMED Corporation
    6.1.3 Johnson & Johnson
    6.1.4 Medtronic PLC
    6.1.5 Mueller Sports Medicine Inc.
    6.1.6 Performance Health
    6.1.7 Smith & Nephew
    6.1.8 Stryker Corporation
    6.1.9 Wright Medical Group
    6.1.10 Zimmer Biomet Holdings Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

    Name: Ajay More

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