Description:-
Sports medicines are known as the branch of medicines that deals with the physical health and curing or prevention of sports relates injuries. In almost a last decade it has been noticed that people are more aware about health. Increasing health education in school and different programs on social media has led to increase the awareness about health. People have started adopting sports as the mean to maintain the health and as extracurricular activity. Not only young but elderly people have also adopted sports. This has led to increase the number of sports related injuries across the globe.
Notably, rising prevalence of sports injuries is the key factor driving the sports medicine market. 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. Majority of the sports injury occur during 12-16 yr. age.
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The global sports medicines market is expected to reach USD 9,655.6 million by 2023 at a CAGR of 8.9% during the forecast period.
On the basis of products, market is segmented into joint reconstructive & repair products, support & recovery products, accessories & consumables, and others. The joint reconstructive & repair products segment accounted for the largest market share of 40% during the forecast period.
On the basis of application, market is segmented into shoulder treatment, knee treatment, hip treatment, spine treatment, others. Knee treatment market is expected to grow at a CAGR of 9.3% from 2016 to 2023.
On the basis of regions, the market is segmented into Americas, Europe, Asia-Pacific and the Middle East & Africa. Americas captured a largest market share of around 39.2% in 2016 globally. The shoulder treatment market for North America was estimated at USD 562.8 Million in 2016 and is expected to reach at USD 1,055.4 Million by 2023 at a CAGR of 8.9%.
Key Players
Medtronic, Stryker, Arthrex, Inc, Zimmer Biomet, Conmed Corporation, DePuy Synthes, GE Healthcare, and Smith & Nephew plc.
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global sports medicines market
• To provide insights about factors influencing and affecting the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to countries
• To provide historical and forecast revenue of the market segments based on product, application, procedures, end user, and regions for the global sports medicines market.
• To provide strategic profiling of key players in the market, and comprehensively analysing their market share, core competencies, and drawing a competitive landscape for the market
• To provide economic factors that influences the global sports medicines market
• To provide detailed analysis of the value chain and supply chain of the global sports medicines market
Target Audience
• Sports medicines manufacturers
• Sports medicines Suppliers
• Sports medicines Distributors
• Pharmaceutical companies
• Research and Development (R&D) Companies
• Medical Research Laboratories
• Academic Medical Institutes and Universities
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Table Of Contents – Major Key Points
1 Report Prologue 12
2 Introduction 18
2.1 Scope of Study 18
2.2 Research Objective 18
2.3 Assumptions & Limitations 18
2.3.1 Assumptions 18
2.3.2 Limitations 18
2.4 Market Structure 19
3 Research Methodology 20
3.1 Primary Research 21
3.2 Secondary Research 21
4 Market Dynamics 22
4.1 Drivers 22
4.1.1 Increasing prevalence of Sports Injuries 22
4.1.2 Increasing number of Sports Medicine Associations 23
4.1.3 Increasing Awareness 23
4.1.4 Technological development 23
4.2 Restraints 23
4.2.1 Lack of skilled professionals 23
4.2.2 High cost 23
4.3 Opportunities 24
4.3.1 Rise in influx of athletes 24
4.3.2 Technological advances in sports medicines 24
4.4 Threats 24
4.4.1 Introduction of small and medium sized companies 24
5 Market Factor Analysis 25
5.1 Porters Five Forces Analysis 25
5.1.1 Bargaining Power of Suppliers 26
5.1.2 Bargaining Power of Buyers 26
5.1.3 Threat of New Entrants 26
5.1.4 Threat of Substitutes 26
5.1.5 Intensity of Rivalry 27
6 Global Sports Medicine Market, By Product 28
6.1 Introduction 28
6.1.1 Joint Reconstructive & Repair Products 30
6.1.2 Body Support and recovery products 31
6.1.3 Accessories 32
7 Global Sports Medicines Market, By Application 33
7.1 Introduction 33
7.1.1 Shoulder Treatment 35
7.1.2 Knee Treatment 36
7.1.3 Hip Treatment 37
7.1.4 Spine Treatment 38
Continued……
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