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The Market is segmented by Product (Implants, Arthroscopy Devices, Prosthetics, Orthobiologics, Braces, Bandages and Tapes and Other Products), Application and Geography
The North America sports medicine market will show rapid growth due to the rising burden of sports injuries, consistent innovation of new products and treatment modalities and the rising demand for minimally invasive surgeries.
Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. According to the sports injury Stanford children health statistics, there are about 30 million kids and teenagers in the United States who participate in some form of organized sports and more than 3.5 million injuries occur each year in the United States. 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, like sports and physical activities are gaining significance in the region. The current high rate of injury along with increasing incidences of injury is expected to drive the sports medicine market.
As per the scope of the report, 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|
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Implants secure a significant portion of the company’s business, primarily involved in sports injuries and medicine. It has been observed that a large segment of the Americans, are involved in sports, and its demand is expected to show a consistent rise with the growth of the middle-income population. There has also been a continuous evolvement towards the development of bioresorbable implants. The use of arthroscopic procedures and absorbable implants are quite common for the treatment of sports injuries, for secure graft fixation.
The metal and synthetic technologies for implant procedures have also been used for many years, where a significant expense takes place in the R&D of a company, thus the market is expected to register a higher growth rate during the forecast period.
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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 Burden 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 Force 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
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