Research Analysis of title, “Sports Medicine Market by Application and Product – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research.
Sports Medicine Market – Report Overview:
Sports injury is one of the most common types of injuries affecting children and teenagers. Sports injuries amount to almost one-third of all the injuries reported in children. Such injuries are majorly associated with spine, knees, back, ankle, shoulder, foot, and other body parts.
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Sports Medicine Market – Industry Trends Analysis:
Sports and related activities in developing countries are witnessing more growth and acceptance on a professional level contributing to the number of sports related injuries. Sports and physical activities are associated with around one-fifth of the brain related traumatic injuries. As the awareness about the health benefits of involvement in sports and other physical activities is rising, instances of sports injuries are also on a rise worldwide.
Sports Medicine Market – Regional Outlook:
North America held the major share of the global sports medicine market in 2016 and it is expected to witness substantial growth in near future due to advanced healthcare infrastructure and high healthcare expenditure. Asia-Pacific is projected to be the fastest-growing segment in the global market during the forecast period, due to the rising awareness about sports in developing nations. Moreover, the attitude of adopting sports on a professional level is on the rise in these regions resulting in favorable market growth for sports medicine.
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Sports Medicine Market – Top Major Market Players:
Smith & Nephew plc, Zimmer Biomet, DePuy Mitek, and Arthrex together accounted for major share of the overall market in 2016. Some of the other key players are DJO Global, Mueller Sports Medicine Inc, Medstar Sports Medicine, Tornier N.V., Acumed LLC, Wright Medical Technology, and Ossur HF.
Key Findings of the Research Study:
Body reconstruction and repair devices segment was the largest segment in 2016, and will dominate the market over the forecast period due to wide applications in most orthopedic sports injury treatments such as hip replacement and knee replacement procedures.
Recovery and support devices segment will exhibit a favorable growth over the forecast period owing to the rise in professional competitive sports activities globally.
Knee injuries market held a major share of the global sports medicine market in 2016 as these are the most common types of sports injuries.
North America dominated the global market in 2016 and is projected to continue its leading position over the forecast period, due to wide presence of dedicated healthcare facilities for sports medicine coupled with high purchasing power of the American population.
The global sports medicine is consolidated in nature with top four players accounting for more than two-third share in 2016.
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