Global Sports Medicine Industry
New Study On “Global Sports Medicine Market Share, Supply, Analysis and Forecast to 2020” Added to Wise Guy Reports Database
The global sports medicine market is anticipated to garner a lucrative market revenue valuation over the forecast period, as per the latest analysis released. Sports medicine refers to a branch of medicine which deals with the enhancement of people’s athletic performance. Sports medicine products aid people to recover from injuries and prevent future injuries. Additionally, sports medicine is the highest growing field of medicine among other healthcare fields as professionals in the field have the capabilities of treating all kinds of people and not just athletes.
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Several factors are driving the global sports medicine market over the conjecture period. Rising demand for sports medicine among people owing to growing awareness towards physical concerns are witnessed. Additionally, rising prevalence of sports-associated injuries, along with rising awareness towards physical fitness are expected to fuel market growth over the conjecture period. Additionally, governments have launched initiatives pertaining to sports medicine to increase the athletic participation across the globe. This, in turn, is expected to set the market on a new growth trajectory. Elevation in the demand for minimally invasive treatments is estimated to supplement the growth. However, lack of skilled personnel in the field, and inappropriate administration inadequate guidelines regarding sports medicine are expected to hamper the market growth.
Key Players
The report has mentioned some key players that have a great influence over the market. Prominent players in the sports medicine market include Arthrex, Arthrocare, Biomet (Acquired by Zimmer), DePuy Mitek, ConMed Linvatec, Smith & Nephew, and Stryker.
Market Segmentation
The sports medicine market is segmented by application, product, and region. Based on product, the market is segmented into body reconstruction & repair product, body support & recovery products, body monitoring & evaluation, and accessories. The body reconstruction and repair products are expected to generate the highest revenue through the forecast period. Such dominance can be accredited to the high demand for arthroscopy devices, coupled with rising inclination from conventional open surgeries towards minimally invasive surgeries employing orthobiologics.
Based on application, the market for sports medicine is segmented into knee injuries, shoulder injuries, ankle & foot injuries, elbow and wrist injuries, hip & groin injuries, back and spine injuries, and other injuries.
Detailed Regional Analysis
The global sports medicine market is studied for the regional segments of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. North America is further segmented into the United States, Canada, and Mexico. Europe is segmented into Italy, the United Kingdom, France, Spain, Germany, and Russia. Asia Pacific is sub-segmented into Philippines, South Korea, Japan, Australia, India, China, Thailand, Indonesia, Singapore, and Malaysia. South America is studied for the segments of Colombia, Argentina, and Brazil. The Middle East & Africa’s sports medicine market is segmented further into Saudi Arabia, Turkey, the United Arab Emirates, Egypt, and South Africa. North America is anticipated to lead the sports medicine market owing to a well developed healthcare infrastructure and rising healthcare expenditure.
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