Transparency Market Research Report Added "Sports Medicine Devices Market" to its database.
Albany, NY -- (SBWIRE) -- 02/26/2015 -- Sports Medicine Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Transparency Market Research (TMR) has recently included a new research report on the global sports medicine devices market to its comprehensive reports database. The report, titled "Sports Medicine Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", states that the global sports medicine devices market will grow at a CAGR of 4.4% between 2013 and 2019. The global market of sports medicine devices had a net worth of nearly US$6,100.6 million in 2012. By the end of the forecast period, the report states that the market will have an approximate value of US$8,284.0 billion.
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The report states that the rising importance and popularity of sports activities amongst the young as well as the old, the rising focus on developing cost-effective sports injury treatments, the increase in global geriatric population, and rising demand for arthroscopic procedures are currently driving the global sports medicine devices market. Rising disposable incomes in developing countries has also further boosted growth of the global sports medicine devices market. However, the issue of unfavorable reimbursement policies in developed counties could impart a downward thrust to the market during the forecast period.
To treat the variety of commonly occurring sports injuries such as strain, sprain, musculoskeletal injuries, joint dislocation, soft tissue damage, and fractures, the sports medicine devices market comprises a variety of products and devices such as bandages, braces, performance monitoring devices, hot/cold therapy products and tapes.
The report focuses on three major segments of the global sports medicine devices market: orthopedic devices, recovery and support products, and regionally active markets.
The report further segments the sector orthopedic sports medicine devices into fracture repair devices, orthobiologics, prosthetics, arthroscopy devices, and artificial joint implants. The recovery and support sports medicine devices segment is further classified into performance monitoring devices, braces and accessories.
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The market segment other recovery products is further divided into thermotherapy, compression clothing, electrical stimulation, cryotherapy and ultrasound therapy, based on the type of product available in the market. Geographically, the report studies the global sports medicine devices market into four regions: Europe, North America, Asia, and the Rest of the World (RoW).
The product-type arthroscopy devices emerged as the largest market segment of the global sports medicine devices market in 2012, and had a net worth of nearly US$1,593.8 million in 2012. Regional sports medicine devices market North America emerged as the leading market from a geographic standpoint, and had a net worth of nearly US$2,478.2 million in 2012.
The highly consolidated marketplace has only a few regional and local businesses supplying these devices in certain regional markets. Some of the key players in the global sports medicine devices market include Arthrocare, Arthrex, Stryker Corporation, Biomet, Inc., OttoBock Healthcare GmbH, DJO Global, Zimmer Holdings, Inc., Ossur hf, and Wright Medical Technology, Inc.
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