Global Sports Medicine Devices Market to Record an Impressive Growth By 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/05/2017 -- Zion Market Research has published a new report titled "Sports Medicine Devices Market (Reconstructive Devices, Support and Recovery Devices, Performance Monitoring Devices and Other Accessories for Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologics, Braces, Performance Monitoring Devices, Accessories, and Other Recovery Products) : Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020." According to the report, global sports medicine devices market was valued at USD 6.61 billion in 2014 and is forecast to reach USD 8.63 billion in 2020, growing at a CAGR of 4.7% between 2015 and 2020.
Sports medicine devices is a branch of medical science. It is also called as sport and exercise medicine. Sports medicine devices facilitate physical fitness, treatment, and prevention of sport injuries. Sports medicine devices was started as a separate branch of healthcare industry since beginning of the 20th century. Sport medicine devices include the whole collection of medical devices for prevention and recovery of injuries arising from sports. These injuries include fractures, joint dislocation, soft tissue damage, strain or overstrain, and musculoskeletal injuries.
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The global sports medicine devices market can be classified into the product segments such as reconstructive devices, support and recovery devices, performance monitoring devices, and other accessories. Reconstructive devices can be further sub segmented as foot orthotics and insoles and others. Reconstructive devices dominated the sports medicine devices market and accounted for around 45% share of the total market in 2014. Sports medicine market can also be segmented on the basis of applications such as foot & ankle, hip, knee, shoulder, spine and others. Sports medicine devices market was dominated by knee application segment with around 19% share of the market in 2014.
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On the basis of different types of treatments, sports medicine devices market can be segmented as arthroscopy devices, braces, fracture repair devices, orthobiologics, monitoring devices, prostheses and joint implants and other recovery products & accessories. Arthroscopy devices was leading market segment and accounted for slightly over 23% share of the market in 2014. This is also expected to exhibit fastest growth during the forecast period. Major driving force for this segment is advancement in surgical technologies and increasing number of well qualified surgeons across the world.
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The sports devices market was dominated by Americas, which accounted for slightly above 43% share of the global market in 2014. Americas was followed by Europe, Asia Pacific and rest of the world respectively. Sports medicine market in America is also expected to witness rapid growth as compared to other regions. However, emerging economies are also expected to contribute towards the growth of this industry owing to rapid growth in countries like China, India, Brazil, Russia, etc. This market growth in the emerging economies can be attributed to rising per capita income, growing health awareness and advanced sports facilities.
Some of the key market participants in the global sports medicine devices market include Arthrex, Arthrocare, Biomet, Inc., Stryker Corporation, Wright Medical Technology, Inc., DJO Global, OttoBock Healthcare GmbH, Ossur hf and Zimmer Holdings, Inc.
This report segments the global sports medicine devices market as follows:
Treatment Segment Analysis: Arthroscopy Devices, Braces, Fracture Repair Devices, Orthobiologics, Monitoring , Devices, Prostheses and Joint Implants, Other Recovery Products and Accessories
Regional Segment Analysis: Americas, Europe, Asia Pacific, Rest of the World
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