5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Sports Medicine market is segmented by Product (Implants, Arthroscopy Devices, Prosthetic, Orthobiologics, Braces, Bandages and Tapes, and Other Products), Application, and Geography.
Fastest Growing Market:
Certain factors that are fuelling the market include rising burden of sports injuries, consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries.
Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. According to 2018 article by Stanford children health statistics, in the United States, about 30 million kids and teenagers participate in some form of organized sports. More than 3.5 million injuries occur each year in the United States, which cause some loss of time of participation experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related injuries.
Moreover, trends suggest that incidences of injuries are expected to increase significantly in the coming years. Additionally, the rate of injury is expected to increase in the developing part of the world, as sports and physical activities are gaining significance in the region. The current high rate of injury in the developed countries, along with increasing incidences of injury in developed and developing countries, is expected to drive the sports medicine market across the world.
Sports medicine acts as a bridge between science, exercise, and health. Moreover, it catalyzes scientific assessment, study, and understanding of sports performance. It involves combined efforts of athletic trainers, physicians, physical therapists, and sports scientists to collaborate and provide the best possible medical care for athletic injuries and illnesses.
|Bandages and Tapes|
|Ankle and Foot Injuries|
|Back and Spine Injuries|
|Elbow and Wrist Injuries|
Report scope can be customized per your requirements. Click here.
A cast brace plays an important role in your recovery from a fracture by allowing limited joint mobility, increased muscle activity, and needed continuous support to regain your full range of motion. Cast braces can also be utilized when a fracture is slow to heal. By providing the support you need as you progress through these crucial stages of healing, a cast brace encourages the limited motion that helps you get back to your daily life.
Moreover, among sports injuries, fractures are the second most common injuries after strains and sprains in the United States. As per 2019 data by the Mount Elizabeth Hospitals, Fractures comprise of 20% of the sports related injuries among all the sports injuries in the US. This is expected to increase the demand for braces, as they support healing frantures. This will boost the market growth.
To understand key trends, Download Sample Report
The United States (US) and Canada have a developed and well-structured health care system. These systems also encourage research and development. These policies encourage global players to enter the US and Canada. As a result, these countries enjoy the presence of many global market players. Additionally, Mexico is a developing nation with the benefit of being neighbor to the US. This allows many companies to penetrate in Mexico as well. This helps the growth in the region.
To understand geography trends, Download Sample Report.
The sports medicine market is dominated by few major players, and is moderately competitive. Major players of this market include Medtronic PLC., CONMED Corporation, Smith & Nephew PLC, Stryker Corporation, and Zimmer Biomet Holdings Inc.
With the technological innovations in the implants and the growing price competition, some new companies are also penetrating the market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidence of Sports Injuries
4.2.2 Consistent Innovation of New Products and Treatment Modalities
4.2.3 Rising Demand for Minimally Invasive Surgeries
4.3 Market Restraints
4.3.1 High Cost of Implants and Devices
4.3.2 Dearth of Proper Sports Ecosystem
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.2 Arthroscopy Devices
5.1.6 Bandages and Tapes
5.1.7 Other Products
5.2 By Application
5.2.1 Knee Injuries
5.2.2 Shoulder Injuries
5.2.3 Ankle and Foot Injuries
5.2.4 Back and Spine Injuries
5.2.5 Elbow and Wrist Injuries
5.2.6 Other Applications
5.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.3.4 Middle-East & Africa
184.108.40.206 South Africa
220.127.116.11 Rest of Middle-East & Africa
5.3.5 South America
18.104.22.168 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Arthrex Inc.
6.1.2 CONMED Corporation
6.1.3 Johnson & Johnson
6.1.4 Medtronic PLC
6.1.5 Mueller Sports Medicine Inc.
6.1.6 Performance Health
6.1.7 Smith & Nephew
6.1.8 Stryker Corporation
6.1.9 Wright Medical Group
6.1.10 Zimmer Biomet Holdings Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments