Global Sports Medicine Market | Trends and Forecast to 2025

Image Credit : dcmh

Major factors that propel growth of the sports medicine market is increasing number of participation in sports globally. Events such as the 2008 Beijing Olympics has led to increasing inclination of people in Asia Pacific towards sports. Additionally, growing demand for outpatient, minimally invasive surgeries are key factors contributing to growth of the sports medicine market. Athletes of all competition levels are early adopters of novel treatment methods. They are driven to find less invasive methods of injury management and faster means of returning to their sport activities. So minimally invasive and small incision replacement surgery is an evolving area with improved rehabilitation and pain management to accelerate post-surgery recovery. Furthermore, Manufacturers are focusing on introducing cost-effective and wear- reducing quality products in order to enhance their product offerings and increase market share that accelerates the demand for sports medicine devices.

Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/1116

Rise in incidence of sport related injuries will augment the market growth

Increasing cases of bone fractures, trauma due to fall, and others, require medical intervention (orthopedics), thus, augmenting the need for sports medicine products. In 2012, according to the National Institute of Health, knee is the most commonly injured joint by adolescent athletes with an estimated 2.5 million sports-related injuries presenting to emergency departments, annually in the U.S. This number is expected to increase significantly over the forecast period. Increasing adoption of minimally invasive techniques by healthcare professionals owing to long-term benefits of this surgery is also expected to propel growth of the sports medicine market. Minimally invasive surgeries such as arthroscopy of the knees, shoulders, elbows and ankles has become the standard method for care. However, lack of skilled professionals in this field and high costs associated with the devices may hamper growth of the sports medicine market.

New product launches by manufacturers is a prominent factor fueling market growth

Manufacturers are focusing on introducing cost-effective and wear- reducing quality products in order to enhance their product offerings and increase market share. For instance, in September 2017, Smith and Nephew partnered with Imperial College London to develop enhanced surgical techniques relating to ligament function, biomechanics, and soft tissue injuries of the knee, including the most common injuries of torn menisci and anterior cruciate ligament rupture.

North America accounted for the largest market share, followed by Europe in 2016, owing to rise in number of osteoporotic fractures in the U.S. and high adoption of technology such as computer-assisted and robotic-assisted surgeries in the medical settings, providing precision, and accuracy in the sports related injuries. For instance, according to the National Osteoporosis Foundation (NOF), over 1.3 million osteoporotic fractures occur each year in the U.S. The market in Asia Pacific is also expected to witness substantial growth. This is owing to increasing government and private initiatives to create awareness about the healthy living and rise in medical tourism. Ministry of Health (MOH), Singapore and Health Promotion Board (HPB) have set up programmes such as Lose to Win, STEP (Strength Training Exercise Programme), and OPTIMAL (Osteoporosis Patient Targeted and Integrated Management for Active Living Programme) to promote healthy lifestyle in the community in order to minimize the risk of developing bone and cartilage disorders.

Ask for customization: https://www.coherentmarketinsights.com/insight/request-customization/1116

Competitors in the sports medicine market are focused on new product development to enhance is market share. For instance, in July 2015, Mitek Sports Medicine — part of DePuy Synthes Companies of Johnson & Johnson — introduced two new arthroscopic surgery radiofrequency devices, The VAPR TRIPOLAR 90 Suction Electrode and the VAPR ARCTIC Suction Electrode, to enhance soft tissue ablation and coagulation during arthroscopy surgery.

Some of the key players in sports medicine market are Zimmer Biomet, Smith & Nephew Plc, Johnson & Johnson, Breg, Inc., Wright Medical Group N.V., Medtronic Plc, Stryker Corporation, Mueller Sports Medicine, Inc., DJO, LLC, Conmed Corporation, and RTI Surgical, Inc.

You may be interested

Soy Lecithin Industry Study Provides Market Trends, Development, And Outlook 2018-2026
Business
Business

Soy Lecithin Industry Study Provides Market Trends, Development, And Outlook 2018-2026

Sayali Tribhuvan - July 20, 2018

Soy Lecithin is an insulator, which reduces heat flow between high and low temperature materials. Soy lecithin is generally used in buildings as window insulating film, in…

Blister Packaging Market Analysis by Current Market Scenario And Future Prospects 2018-2026
Business
Business

Blister Packaging Market Analysis by Current Market Scenario And Future Prospects 2018-2026

Sayali Tribhuvan - July 20, 2018

Blister Packaging is a plastic packaging used for pharmaceuticals, small appliances and consumer goods. Their function is to protect the packaged material from air, moisture and contamination…

Specialty Polymers Market Is Predicted To Witness A Significant Growth During The Forecast Period 2018-2026
Chemicals and Polymer Science
Chemicals and Polymer Science

Specialty Polymers Market Is Predicted To Witness A Significant Growth During The Forecast Period 2018-2026

Sayali Tribhuvan - July 20, 2018

Specialty Polymers are polymer additives, which are used to enhance the ideal physical properties of polymers and enhance their performance. These chemicals are usually manufactured in small…

Most from this category