Sports Medicine Market by Product (Body Reconstruction Products (Arthroscopy, Implants & Orthobiologics, Prosthetics, Facture & Ligament Repair), Body Support and Recovery Products (Braces & Support, Physiotherapy), Application (Knee, Shoulder, Spine, Foot & Ankle, Hip Injures)
New York, NY -- (SBWIRE) -- 03/03/2019 -- Summary:
Latest Research Report on Sports Medicine Market Added by Market Industry Report which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis.
Market Industry Reports (MIR) has published a new report titled "Sports Medicine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global sports medicine market is estimated to be over US$ 5 Bn in 2017. It is anticipated to grow at a considerable CAGR from 2019 to 2030.
The major factors driving the growth of the market include growing incidence of sports injuries, continuous developments of new products and treatment modalities, also the developments in regenerative medicine.Sports medicine is gaining importance with the increasing awareness regarding sports medicine furthermore research in various organizations and universities have also helped to create awareness. For instance, University of Canberra, is conducting high quality, innovative, internationally relevant medicine research in collaborations with various schools including Wingate Institute and Australian Ballet School.
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Sports Medicine Market by Companies:
Zimmer Biomet, Stryker Corporation, Smiths & Nephew, Arthrex, Tornier N.V., DePuy Mitek, Ossur HF, ArthroCare, Wright Medical Technology and DJO Global. Other players include; Otto Bock Healthcare, Conmed, Aesculap AG, Argomedical AG, BioPro Inc. and Acumed LLC.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type
-Body Reconstruction Products (Arthroscopy, Implants & Orthobiologics, Prosthetics, Facture & Ligament Repair)
-Body Support and Recovery Products (Braces & Support, Physiotherapy)
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
-Foot & Ankle
Sport injuries to propel the market growth
Increasing incidences of knee injuries caused in sports and constant wear and tear of muscle and tissue in sports athlete that require sports medicine are some of the major factor driving the growth of the sports medicine market. According to a study in the British Journal of Sports Medicine, knees are the most regularly injured body parts in a game with almost 31.0% of all sports injuries are associated with the knees and almost 34.0% are associated with the head, neck and shoulder.
New products to showcase increasing demand
Some of the orthopedic products are expected to increasing the demand for sports medicine market such as the arthroscopy devices. Furthermore, many companies are collaborating with others to strengthen their portfolio. For instance, Stryker acquired Pivot Medical, which is a manufacturer of implants and hip surgical equipment, in 2014 to expand its product portfolio for sports medicine to develop new products in the hip surgery. The mergers and expansion are expected to provide new options with technological advancements boosting the market for sports medicines.
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Reasons to Purchase the Report:
-To comprehend the impact of the end-user applications on the Global Sports Medicine Market.
-Study the various prospects of the Global Sports Medicine Market by Porter's Five Forces Analysis.
-Detailed evaluation of the financial information, market size, share, value, volume, and cost.
-Regions and countries expected to dominate and witness the fastest growth of the market.
-Study the technological advancements, inventions, key developments, and market strategies followed by the leading market competitors.
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