Persistence Market Research Released New Market Report on “Sports Medicines Market: The U.S. Industry Analysis and Forecast to 2020” in the category "Pharmaceuticals"
New York, NY -- (SBWIRE) -- 09/18/2014 -- Sports medicines refer to a branch of medicines that deal with treatment and prevention of the injuries and disorders that are caused by participation in sports and exercise. The U.S. has the largest market for sports medicines. This is due to high number of cases of sport injuries and raised awareness for these devices. Various devices such as splints and braces are used to safeguard the injured area. Implants such as artificial knee, meniscus and cartilage may be used for bone and cartilage reconstruction.
Ligament and tendon surgeries are the most common type of sports injury surgeries that involve strains, cramps, sprains, tendon tear, ligament tear and muscle tears. On the basis of type of products, the U.S. sports medicines market can be segmented into arthroscopy devices, braces, prosthetics, artificial joint implants, orthobiologics, fracture repair devices and performance monitoring devices.
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Knee surgeries hold the largest segment for the U.S. sports medicine market. This is due to significant increase in the incidence of ACL/PCL injuries in the country. Factors such as, increase in participation in sports and easy availability of advanced healthcare services are driving the U.S. sports medicines market. According to Safe Kids Worldwide, an organization in the U.S., every year about 1.35 million cases of sports injuries among youngsters are registered in the U.S. In addition, non-availability of any other substitute, increased healthcare expenditures and rising cases of obesity are driving the U.S. sports medicines market. However, poor conditions of reimbursement, lack of awareness among peope for sports medicines are restraining the U.S. sports medicines market. In addition, rising surgical costs is restraining the U.S. sports medicines market.
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Innovation of some new technology with less invasive nature is expected to offer god opportunity for the U.S. sports medicines market. Some of the latest trends that have been observed in the U.S. sports medicines market are shifting focus from metallic implants to bioabsorbable implants. Companies dealing in U.S. sports medicines market are focussing on their geographical expansion. Also introduction of robo-assisted surgeries has boosted the U.S. sports medicines market. Some of the major companies dealing in the U.S. sports medicines market are Arthrex, Smith & Nephew, DePuy Mitek, MTF Sports Medicine and Stryker. Other companies which have significant presence in the U.S. sports medicines market are Tornier, Stryker, ArthroCare, Cayenne Medical, Zimmer, MedShape, ConMed Linvatec, Wright Medical and Covidien.
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Key points covered in the report:
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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