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) - Analysis & Forecast 2019-2030
Report ID : 9 | Published Date : Jan 2019 | Pages : 150 | Region : Global | Report Code : MD-05
Sports Medicine Market Overview and Introduction
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.
Sports Medicine is a branch of orthopedic dealing with athlete fitness and treatment. Sports medicine products are largely used for treatment of sports related injuries. Sports medicine products and devices are used in treatment, cure and prevent sports related injuries.
The global sports medicine market is driven by technological advancements in the sports medicine, increasing number of sports related injuries & road accident, and high incidence of musculoskeletal disorders, and focus of major players in regenerative medicine are major factors driving the market. However, high cost related to sports medicine products and surgeries is likely to restrain the market to certain extent.
Sports Medicine Market by Product
On the basis of product, the sports medicine market is segmented body reconstruction products, body support & recovery and accessories. The body reconstruction products segment is estimated to command the largest share of the global sports medicine market. Growth of the market can be attributed to preference and adoption of implants & arthroscopy devices for sports-related injuries by sports medicine surgeons and orthopedic surgeons.
Sports Medicine Market by Applications
Based on the key applications of Sports Medicine, the market is segmented into knee injuries, shoulder injuries, ankle & foot injuries, hip injuries, spine injuries, and other injuries. The knee injuries segment is estimated to account for the largest share of the global Sports Medicine market. The large share of this segment can be attributed to the geriatric population facing arthritis problem and rising number of musculoskeletal procedures are likely to drive the growth of the segment.
Sports Medicine Market by Regions
The global Sports Medicine market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of sports medicine, followed by Europe and Asia Pacific. North America will continue to dominate the global sports medicine market in the forecast period owing to factors such as growing need of sports medicine products and highly developed healthcare system, presence of advance therapy for sports medicine treatment. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries and government support are driving the growth of the sports medicine market in this region. The high cost of sports medicine products and reimbursement policies & regulation related to sports medicine products and implants may restrain market growth to a certain extent.
Sports Medicine Market Prominent Players
The prominent players in the global Sports Medicine market are Medtronic, DePuy Synthes, Zimmer Biomet, Arthrex, Smith & Nephew, Stryker Corporation, Berg, and RTI Surgical among others.