US remains to be the largest Sports Medicine market with the EU to follow and growing. The APAC region while markedly smaller has a large potential patient population.
Albany, NY -- (SBWIRE) -- 05/04/2017 -- Rising incidences of sports related injuries worldwide is anticipated to be high impact rendering driver for the lucrative growth of sports medicine market. This growth in the sports medicine market is expected to continue in the coming years also, mainly driven by young athletes injuring themselves more and rise in obesity and growing elderly population that wishes to continue their recreational activity. This has been clearly stated in the latest study, added to the wide repository of Market Research Hub (MRH) and titled as "MediPoint: Global Sports Medicine Market - Analysis and Market Forecasts". This 243-pages research study focuses on the sports medicine market, which includes implants and arthroscopic capital equipment. Additionally, the orthopedic sports medicine market has been estimated in this report and covers major countries including the U.S., France, Germany, Italy, Spain, the U.K., Japan, Brazil, China and India.
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The major key highlights of the study are that it provides unmet needs, future adoption and CAGR value of the market for the coming years. As per the key findings, while the orthopedics implant market is mature, sports medicine is an area with the potential for significant international growth. 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 the market. Growth in the sports medicine market will be primarily driven by the growing global aging population, rising prevalence of obesity and increased participation in physical activities.
In the market overview section, the research defines Arthroscopy. It is the procedure of choice for diagnosing and treating sports injuries in the joints, muscles and other skeletal structures. In this section, the report analyzes the various segments of arthroscopy, such as arthroscopy implants, shavers, radio frequency wands, visualization system and fluid management systems. Implants are the largest market segment in arthroscopy and most procedures occur in the knee joints. Also, joint replacement in orthopedics is growing rapidly in the extremities and less so in large joints. Key emerging technologies include bio-absorbable implants and anatomically contoured instruments for hip arthroscopy.
This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments. With the market, in terms of geography, the U.S. remains to be the leading market with the EU. The APAC region while markedly smaller has a large potential patient population. In the later sections, the report covers vital information on clinical outcomes, clinical trials to watch, pipeline assessment and competitive assessment of the market.
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Moreover, the research studies that top six to seven market leaders will continue to dominate the market through technological innovation and investment in establishing strong distribution networks. Current and future major market players are outlined in this study, including Arthrex, Olympus, Karl Storz, Stryker, Smith & Nephew, ConMed Corporation, Zimmer Biomet, Tornier, DePuy Synthes (J&J) and Wright Medical Group.
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