A Research Study Titled, “Sports Medicine Market by Product and Application – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the sports medicine market is projected to be around $13 billion by 2025.
Sports medicine is a subject branch of a medicine which necessitates prevention, diagnosing and treatment of exercise or sports-related injuries. Besides managing such injuries, sports medicines also makes use of several exercise involvement in order to prevent and manage chronic diseases like diabetes, hypertension and obesity. These medicines assist in enhancing an athlete’s performance, provide speedy recovery and avoid future injuries. Sports medicines are prescribed by sports physicians to assist athletes regulate their regular exercise regime and help them regain complete function and prevent any kind of disabilities by increasing and improving their capability and mobility. Sports medicine alleviates active lifestyle irrespective if an individual being sedentary or already active.
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Sports Medicine – Competitive Analysis:
The sports medicine market is dominated by a few large players such as Arthrex, Inc, Smith & Nephew, DePuy Mitek Inc, and Stryker Corporation, who have consolidated the market controlling a share of more than 70% in 2016. These players consistently introduce innovative and technologically advanced products in the market to ensure a competitive advantage over the other players.
Some other players operating in this industry are Medstar Sports Medicine, Mueller Sports Medicine Inc, Zimmer Biomet, Otto Bock Healthcare, and DJO Global.
Sports Medicine – Industry Trend Analysis:
The sports medicine market is expected to be around $13 billion by 2025.The market for sports medicine is experiencing an exponential growth due to governments’initiatives to encourage sports medicine and aggressive expansion by international players in emerging countries.In the U.S. alone, each year about 30 million children and teenagers take part in some form of organized sport, where more than 3.5 million sports injuries are reported. Almost one-third of the injuries reported in children are sports related injuries. Around 21% of traumatic injuries related to the brain are due to sports and recreational activities.Also, there is growing awareness related to fitness in all age groups. These factors are set to contribute to the growth of sports medicines industry. Latest technological advancements in tissue engineering and gene therapy designer drugs are further fuelling the market growth.
Sports Medicine – Market Opportunities:
The major expansion opportunities for the players in this market lie in the developing countries where sports and related activities are witnessing more growth and acceptance on a professionallevel. Knee injuries segment is the growing market as it brings in more innovative products to meet growing needs of knee injuries.
Sports Medicine Market Segmentation:
Sports Medicine – By Product: Body support and Recovery Products, Thermal Therapy Products, Tropical Pain Relief Products, Braces and Support, Performance Monitoring Devices, Reconstruction and Repair, Bone Reconstruction Devices, Surgical Equipment, Soft Tissue Repair, Accessories, Wraps, Tapes, Bandages, Others
Sports Medicine – Product Outlook and Trend Analysis:
Body reconstruction and repair devices segment dominated the overall sports medicine market in 2016, due to increase in adoption of bone reconstruction devices and soft tissue repair. This segment is expected to remain an attractive market during the forecast period, owing to the rising numbers of sports related injuries. Under this segment, arthroscopy devices held the largest share in 2016. These devices have wide applications in injuries related to knee, shoulder, and neck. The recovery and support products market is the second major segment with braces and orthotics products segment holding largest share in 2016. It is expected to grow steadily over the forecast period as runners and other athletes derive huge benefits from orthotics to avoid injuries and maximize their performance. These are widely used in cases such as flat feet, frequent ankle pains, muscle tightness, and high arched feet.
Sports Medicine – By Application:
Ankle and Foot Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Sports Medicine – Application Outlook and Trend Analysis:
Sports injuries are majorly associated with knees, shoulders, ankle, foot, spine, back, and other body parts. Knee injuries dominatedthe global market in 2016, owing to increased incidents of knee related sports injuries. According to the projections made by British Journal of Sports Medicine, a casualty department serving a population of 400,000 people can expect 500 cases of knee injuries yearly. Ankle sprain is the singlemost common injury in football. According to the Federation Internationale de Football Association (FIFA), most of the orthopedic injuries are incurred by ankle, knee, and hamstring. A total of 239,943 injuries were treated in the U.S. hospital emergency rooms, out of which 48,806 were fractures, 5,401 were dislocation cases, and 79,384 cases of strain were reported.
Crystal Market Research published a report on “Sports Medicine Market by Product and Application – Global Industry Analysis and Forecast to 2025 ” released and accessible at: https://www.crystalmarketresearch.com/report/sports-medicine-market
Sports Medicine – By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Sports Medicine – Regional Outlook and Trend Analysis:
North America dominates the global market with highest share in 2016, due to advanced healthcare infrastructure and rise in expenditure on fitness. Government initiatives such as, the Sport For All initiative by U.S. Department of Health and Human Services, to educate people about the benefits of sport, is contributing to the market growth. Asia-Pacific is the most promising market and is expected to grow at a higher CAGR as the awareness about sports and fitness is on the rise in most of the developing nations. Moreover, this market is primarily driven by the increasing focus of international players on the emerging markets.
Sports Medicine – List of Tables:
Table 1.Global Sports Medicine Market, By Product, 2016-2025($Million)
Table 2.Reconstruction and Repair Devices Market, By Type, 2016-2025($Million)
Table 3.Reconstructionand Repair Devices Market, By Region, 2016-2025($Million)
Table 4.Surgical Equipment Market, By Region, 2016-2025($Million)
Table 5.BoneReconstruction Devices Market, By Region, 2016-2025($Million)
Table 6.SoftTissue Repair Market, By Region, 2016-2025($Million)
Sports Medicine – List of Figures:
Figure 1.Global Sports Medicine Market Share, By Product, 2016 & 2025
Figure 2.Sports Medicine Market, By Application, 2016 ($Million)
Figure 3.Sports Medicine Market, By Region, 2016 ($Million)
Figure 4.Arthrex Inc: Net Revenues, 2014-2016 ($Million)
Future of Sports Medicine –
A broad range of research and estimations have been undertaken to meet the future demands of sports medicine along with rise in its performance and the lessening of physical ailments. Most analysis leads towards the sole fact that sports medicines will have a crucial and efficient role in avoiding injuries pertaining to sports. An in-depth study of neuromuscular adaptations of the body is a vital aspect which speaks on the application of sports medicine in avoiding sports related injuries. Ultimately, additional enhancements in the sports medicine will assure physical activity which is safe and also escalate the performance levels to a great extent.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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