Sports Medicine Devices Market Industry Analysis and Opportunity Assessment 2019

Transparency Market Research announces the release of a new research report, titled “Sports Medicine Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. According to the report, the global sports medicine devices market is anticipated to expand at a 4.40% CAGR from 2013 to 2019, growing from a value of US$6.1 bn in 2012 to US$8.2 bn by 2019.

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The global sports medicine devices market is fueled by several factors including a rise in number of sports medicine associations, growing awareness regarding fitness among the aged, increasing motivation for sports activities for the disabled and physically challenged, and support of online marketing. While development in performance monitoring devices and innovations in prosthetics and implants are likely to boost the sports medicine devices market in the coming years, lack of reimbursement policies for academic sports injuries and reduction in budget allocation for sports is anticipated to limit the growth of the sports medicine devices market during the forecast period.

On the basis of type of device, the sports medicine devices market is bifurcated into orthopedic products and support and recovery products. The segment of orthopedic products comprises arthroscopy devices, artificial joint implants, prosthesis, fracture repair devices, and orthobiologics. Among these, arthroscopy devices held the largest share of the sports medicine devices market. Pegged at a value of US$1.59 bn in 2012, this sub-segment is projected to develop at a 5.80% CAGR from 2013 to 2019. The market for prosthesis is anticipated to expand at a rather slow pace during the forecast period.

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The segment of support and recovery products comprises performance monitoring devices, braces, accessories, and others. Braces held the largest share in this segment of the sports medicine devices market and are forecast to have a 3.40% CAGR from 2013 to 2019. The market for accessories is predicted to expand the least by 2019.

Based on geography, the global sports medicine devices market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Accounting for the largest share of the overall market in 2012, North America is projected to dominate the sports medicine devices market in terms of revenue through 2019. In 2012, this regional market was valued at US$2.47 bn. Growing awareness among the elderly regarding fitness and increasing incidence of sports injuries make Asia Pacific and the Rest of the World region the most lucrative markets for sports medicine devices.

The leading players operating in the global sports medicine devices market include ArthroCare Corporation, DJO Global, Inc., Ossur hf, BREG, Inc., OttoBock Healthcare GmbH, Smith & Nephew PLC, Zimmer Holdings, Inc., Mueller Sports Medicine, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., Biomet, Inc., Stryker Corporation, 3M Company Ace Brand, Arthrex, Inc., and Conmed Corporation.

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Sports Medicine Devices Market to Reach US$8.28 bn by 2019 with Sports Injuries on the Rise

Sports Medicine Devices Market: Overview

Sports medicine is a branch of medicine dealing with treatment and prevention of injuries that occur during sports activities, while performing exercises, or physical fitness training. Sports medicine devices therefore, comprise products and devices that help prevent, cure, and recover injuries such as fractures, sprains, joint dislocation, soft tissue damage, and musculoskeletal injuries caused due to physical activities. Sports medicine devices are used by professional and non-professional athletes and other sportspersons to enhance their performance, endurance, as well as protection.

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The report assesses the global sports medicine devices market with respect to the available products. A detailed analysis of the market structure by identifying the various segments and sub-segments of the global sports medicine devices market has been given. Trends with respect to key geographies in the world have been assessed. The report identifies the drivers of the market along with the risks and opportunities impacting the industry. The scope of the study includes a competitive analysis of the market segments based on products from different regional markets

Sports Medicine Devices Market: Trends and Opportunities

The rising awareness among people regarding an active lifestyle and fitness and health management is leading to an increased participation in sport activities. The increased participation in sports is leading to a rise in the number of injuries and this is fueling the demand for sports medicine devices across the globe. Moreover, serious injuries are resulting in a demand for minimally invasive surgeries, which is driving the growth of the sports medicine devices market. Other factors leading to a growth in the market include conducive reimbursement facilities and innovative surgical technologies.

On the basis of type of device, the sports medicine devices market into support and recovery products and orthopedic products. The orthopedic product segment is further classified into arthroscopy devices, prosthesis, artificial joint implants, orthobiologics, and fracture repair devices. Of these, the arthroscopy devices segment is a key contributor to the market’s revenue and is estimated to expand at a 5.80% CAGR between 2013 and 2019. On the other hand, the prosthesis segment is expected to witness sluggish growth in the coming years.

Sports Medicine Devices Market: Region-wise Outlook

On the basis of geography, the global sports medicine devices market is segmented into Europe, North America, Asia Pacific, and the Rest of the World. Of these, North America is anticipated to be the dominant segment owing to the rising awareness among the elderly population base regarding fitness. The growing awareness about the benefits of physical activities and sports and rising incidences of sports injuries in countries in the Rest of the World and Asia Pacific will make these markets lucrative for sports medicine devices.

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Key Players Mentioned in the Report

Some of the key vendors operating in the sports medicine devices market are: Smith & Nephew PLC, DJO Global, Inc., Ossur hf, BREG, Inc., ArthroCare Corporation, OttoBock Healthcare GmbH, DePuy Mitek, Inc., Zimmer Holdings, Inc., Mueller Sports Medicine, Inc., Arthrex, Inc., Conmed Corporation, Skins International Trading AG, Wright Medical Technology, Inc., Biomet, Inc., Stryker Corporation, and 3M Company Ace Brand.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/