The report “Sports
Medicine Market by Product Type (Implants, Arthroscopy, Prosthetics,
Orthobiologics, Braces, Topical Pain Relief, Thermal Therapy, Compression
Clothing, Bandages & Tapes), by Application (Knee, Shoulder) - Analysis
& Global Forecast to 2020”, analyzes and studies the major market
drivers, restraints/challenges, and opportunities.
Browse 94 tables and 33 figures spread through 193 pages and in-depth TOC on "Sports Medicine Market"
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This report studies the global sports medicine market for
the forecast period of 2015 to 2020. This market is expected to reach USD 8.3
Billion by 2020 from USD 5.6 Billion in 2015, at a CAGR of 8.0% during the
Sports medicine involves the treatment and prevention of injuries related to sports and exercise. These products are used by both athletes and non-athletes. The products in this market include body reconstruction & repair products, body support & recovery products, and accessories.
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Growth in the sports medicine market is likely to be
centered on the Asia-Pacific region. The growth of this region is attributed to
government initiatives to promote sports medicine, the influx of international
players, expansions by key players, and increasing awareness through
conferences & symposia.
The global sports medicine market is segmented on the basis of product, application, and region.
Based on product, the sports medicine market is categorized
into body reconstruction & repair products, body support & recovery
products, and accessories. In 2015, body reconstruction & repair products
are estimated to account for the major share of the sports medicine market.
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Based on application, the market is segmented into knee
injuries, shoulder injuries, ankle & foot injuries, elbow & wrist
injuries, hip & groin injuries, back & spine injuries, and other
injuries. In 2015, the knee injuries segment is estimated to account for the
major share of the sports medicine market.
On the basis of region, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2015, North America is expected to account for the largest share of the sports medicine market, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period and serve as a revenue pocket for companies offering sports medicine equipment.
The sports medicine market has witnessed various improved
treatment options in recent years. This can be attributed to constant focus of
market player on the introduction of newer products and treatment options for
sports injuries. A number of key players are competing to secure larger shares
of the market by launching new products. Arthrex, Inc. (U.S.), Smith &
Nephew PLC (U.K.), DePuy Synthes Companies (U.S.), Stryker Corporation (U.S.),
and CONMED Corporation (U.S.) are the top five players of this market, jointly
accounting for 70% to 75% of the total sports medicine market in 2014.
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