Pune, India -- (SBWIRE) -- 06/01/2018 -- Sport Medicines is the medical branch that deals with the treatment, prevention and diagnosis of the injuries or illness of athletics or sportsman. Sports medicines plays an important part in the sports. The global sport medicine market is driven by increasing incident of sports injuries, increasing number of the sports medicine association, technological development and increasing awareness. According to US centers for diseases control, around 10 % of kids and teen participating in the sports suffer from minor or major type of injury and majority of the sports injury occur during 12-16 yr. of age. Sports like Football and baseball has the highest rate of injury. Beside this lack of safety and carelessness during practice or game is the major reason for occurrence of the sports injuries. On other hand high cost and unfavorable reimbursement policies may hamper the growth of the Sport Medicines Market.

Also majority of the people are unaware of the safety measures of the sports which led to sports injury. Due to lack of skilled professionals for treating paediatric sports injuries the market growth may hamper. There are limited physician available who are well experienced and trained. Limited number of doctors in sports medicines is one of the major restraining factor for this market. Considering all these factors the market for sports medicine is expected to reach $ 9,655.6 million by the end of 2023, this market is projected to growing at a CAGR of 8.9 % during 2017-2023.

Global Sports Medicine Market - Competitive Analysis

Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position.

Medtronic is one of the significant players in the market. The company is U.S. based and is one of the global leaders in providing cardiovascular products. The company enhances its products sales across the globe by the strategy of acquisitions, collaboration which is followed by product launches to tap the growing markets of the middle and low income countries. In 2016, the company's revenue was about USD 28,833 million and R&D expenditure accounted for 7.7% of the total revenue.

In October, 2016 Medtronic got an approval for its suite of cardiac rhythm and heart failure. This advancement gave patients SureScan MR-conditional pacemakers, implantable cardioverter-defibrillators (ICDs) and cardiac resynchronization therapy-defibrillators (CRT-Ds).

In August 2016, Stryker Orthopaedics received the U.S. FDA approval for MAKO total knee application. This helped the company to expand its current MAKO offering for partial knee and total hip applications and it also provided a comprehensive solution in the robotic reconstructive service line of Stryker.

In July 2016, Zimmer Biomet acquired LDR Holding's innovative spine business. The followed combination created a spine company with the scale, talent and technology portfolio which became a leader in the $10 billion global spine market.

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Global Sports Medicine Market - Key Players

Key players profiled in the report are

Medtronics
Stryker
Zimmer Biomet
CONMED Corporation
DePuy Synthes
GE Healthcare
Smith & Nephew plc
Arthrex, Inc.

Global Sports Medicine Market - Segmentation

The global sports medicine market is segmented on the basis of product. Based on the product, the market has been segmented as joint reconstructive & repair products, support & recovery products, accessories & consumables and others. Based on the application, the market has been segmented as shoulder treatment, knee treatment, hip treatment, spine treatment, and others. Based on the procedure, the market has been segmented as tendinosis, tendon to bone and cartilage repair. Based on the End User, the market has been segmented as hospitals & emergency care, trauma centers, ambulatory care, and others.

Global Sports Medicine Market - Intended Audience

Global Sports medicine solutions providers, manufacturers & suppliers
Research and development (R&D) companies
Market research and consulting service providers
Academic institutes and universities

Global Sports Medicine Market - Regional Analysis

Global sports medicine market, on the basis of region is segmented into North America, Europe, Asia Pacifica and Middle East and Africa. North America has the largest market share of 39% in global sports medicines market and commands the largest market share in 2016 and was valued at USD 1,883.6 Million in 2016. Increasing prevalence of sports injuries and increasing number of sports medical centres in North America is responsible for the growth of the market. Europe accounts the second largest market which is followed by Asia Pacific. Asia pacific region is expected to be the fastest growing segment with the CAGR of 9.2% during the forecasted period, due to continuous development in healthcare sector and increasing awareness about health and sports. While Middle East and Africa has least income for the sports medicine market.

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Major Table of Content

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

List of Tables

Table 1 Global Sports Medicines Market, By Product 2014-2023 (USD Million)
Table 2 Global Sports Medicines Market, By Reconstructive Products 2014-2023 (USD Million)
Table 3 Global Sports Medicines Market, By Body Support And Recovery Devices Products 2014-2023 (USD Million)

List of Figures

Figure 1 Global Sports Medicines Market Share, By Product, 2016
Figure 2 Global Sports Medicines Market Share, By Application, 2016
Figure 3 Global Sports Medicines Market Share, By Procedure, 2016

Continued….

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