North America Sports Medicine Market - Growth, Trends, and Forecasts (2020 - 2025)

The North America Sports Medicine Market is segmented By Product (Implants, Arthroscopy Devices, Prosthetics, Orthobiologics, Braces, Bandages and Tapes and Other Products), By Application and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

CAGR:

7.9 %

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Market Overview

The North America Sports Medicine Market is expected to register a CAGR of 7.9% during the forecast period. The market is expected to 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.

Scope of the Report

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. The North America sports medicine market is segmented by product application and geography.

By Product
Implants
Arthroscopy Devices
Prosthetics
Orthobiologics
Braces
Bandages and Tapes
Other Products
By Application
Knee Injuries
Shoulder Injuries
Ankle and Foot Injuries
Back and Spine Injuries
Elbow and Wrist Injuries
Other Applications
Geography
North America
United States
Canada
Mexico

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Key Market Trends

Implants Segment is Expected to Grow at a Faster Pace in the North America Sports Medicine Market

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.

As per National Safety Council Fact Sheet, in 2017, about 50% of the football injuries were treated in young people who were between 5 to 14 years, 45% of soccer injuries, 44% of baseball injuries and 40% of lacrosse and rugby injuries in the United States. In addition, in 2017 personal exercise, with or without exercise equipment, accounted about 526,000 injuries the most of any category of sports and recreation followed by basketball with about 500,000 injuries.

Furthermore, 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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Competitive Landscape

The North America Sports Medicine Market is consolidated competitive and consists of a few major players. 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.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Burden of Sports Injuries

      2. 4.2.2 Consistent Innovation of New Products and Treatment Modalities

      3. 4.2.3 Rising Demand for Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Implants and Devices

      2. 4.3.2 Dearth of Proper Sports Ecosystem

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Implants

      2. 5.1.2 Arthroscopy Devices

      3. 5.1.3 Prosthetics

      4. 5.1.4 Orthobiologics

      5. 5.1.5 Braces

      6. 5.1.6 Bandages and Tapes

      7. 5.1.7 Other Products

    2. 5.2 By Application

      1. 5.2.1 Knee Injuries

      2. 5.2.2 Shoulder Injuries

      3. 5.2.3 Ankle and Foot Injuries

      4. 5.2.4 Back and Spine Injuries

      5. 5.2.5 Elbow and Wrist Injuries

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Arthrex Inc.

      2. 6.1.2 ConMed Corporation

      3. 6.1.3 Johnson & Johnson

      4. 6.1.4 Medtronic PLC

      5. 6.1.5 Mueller Sports Medicine Inc.

      6. 6.1.6 Performance Health

      7. 6.1.7 Smith & Nephew

      8. 6.1.8 Stryker Corporation

      9. 6.1.9 Wright Medical Group

      10. 6.1.10 Zimmer Biomet Holdings Inc.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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