The global sports medicine devices market was valued at USD 6,100.6 million in 2012 and is expected to grow at a CAGR of 4.4% from 2013 to 2019, to reach an estimated value of USD 8,284 million in 2019.
Albany, NY -- (SBWIRE) -- 12/10/2015 -- Sports medicine refers to a branch of medical field involving physical fitness, treatment and prevention of sports and exercise related injuries. Sports medicine devices encompass the entire range of medical products for prevention, cure and recovery of injuries arising from sports injuries. These injuries include sprain, strain, fractures, joint dislocation, musculoskeletal injuries and soft tissue damage. The sports medicine market is characterized by minimally invasive arthroscopic procedures which require less hospital stay and long term effect. The recovery procedures not only concentrate on quick recovery from the injuries, but also have a continuous check to avoid any further damage to the injured joint or ligament. The sports medicine market thus covers joint implants, fracture repair, arthroscopy devices, prosthesis, orthobiologics and support and recovery products like braces, bandages, tapes, hot/cold therapy products and performance monitoring devices.
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The sports medicine devices market have been extensively analysed on the basis of factors such as the technology used, success rate, reimbursement coverage and geographical reach. This report on sports medicine devices studies the global market for sports medicine devices from the perspective of various orthopedic as well as recovery and support products. The orthopedic sports medicine products market is broadly segmented into artificial joint implants, arthroscopy devices, fracture repair devices, prosthetics and orthobiologics. The recovery and support sport medicine products include braces, performance monitoring devices, accessories and other recovery products in cryotherapy, thermotherapy, ultrasound therapy, electrical stimulation and compression clothing, based on the availability of the products in the market. Geographically, the sports medicine devices market is analysed for four major regions, namely North America, Europe, Asia and Rest of the World (RoW). Each of the segments have been analysed on the basis of its current and future market size for the period 2011 to 2019, in terms of revenue generation in USD million, considering 2011 and 2012 as the base years.
The compounded annual growth rate (%CAGR) for each market segment has been provided for the forecast period 2013 to 2019 along with the estimations of market size. This report includes an elaborate executive summary, which covers a market snapshot that provides overall information of various segments that are contained in the sports medicine devices report. It also provides an overall information and data analysis of the global sports medicine devices market with respect to market segments. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the global sports medicine devices market and future opportunities has been provided in the market overview section. This section of the report also provides market attractiveness analysis and Porter's five forces analysis, and key players' market share analysis in 2013 in the sports medicine devices market.
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A list of recommendations has been provided in the sports medicine devices report for new entrants to help establish a strong presence and for existing market players to increase market share. A competitive landscape, mapping all the sports medicine devices market players and their respective market shares for 2012 are provided in this report. The market share analysis for the global sports medicine devices market in the report is only based on the currently marketed products in various countries and their respective global revenue generated by the manufacturer. The global market for sports medicine devices is highly consolidated, with a few local and regional players supplying in certain geographic locations. Some of the major players in sports medicine devices profiled in this report include Arthrex, Arthrocare, Biomet, Inc., Stryker Corporation, Wright Medical Technology, Inc., DJO Global, OttoBock Healthcare GmbH, Ossur hf and Zimmer Holdings, Inc. Each of these market players are profiled in this report considering parameters such as company overview, financial overview, business strategies, product portfolio and recent developments.
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