Market Research Report
Sports Medicine is the restorative branch that deals with the treatment, prevention and identification of the wounds or illness of athletes or sportsman. Sports medications has a critical impact in the sports. The global sport medicines market is driven by rising occurrences of injuries in sports, growing number of sports medicine organisations, advancement of technology and mounting awareness of sports medicines. Sports like Football and baseball has the most elevated rate of damage. Adjacent to this, absence of safety and rigorous training is the significant factor which leads to injuries.
Growing instances of bone cracks, trauma, and others require restorative intercession (orthopedics), which is increasing the requirement for sports medicine organisations. Increasing acceptance of minimally invasive techniques by experts attributable to long haul advantages of the medical procedure is likewise anticipated that would impel development of the sports medicine market. Minimally invasive procedures like arthroscopy of the knees, shoulders, elbows and lower legs has turned into the standard technique for consideration. In any case, absence of experts in this field and high expenses related with the devices may hamper development of the market.
The global sports medicine market is classified by Product Type, Application, End User and Geography.
Sports Medicine Market by Product Type
Based on product type, the market is categorised into Body Reconstruction Products and Body Support & Recovery Products and Accessories. Body Reconstruction Products segment is further sub-categorised into implants, fracture and ligament repair products, arthroscopy devices, prosthetics and orthobiologics; whereas Body Support & Recovery Products segment comprises of braces and supports, compression clothing, physiotherapy equipment, thermal therapy, electrostimulation and other therapies (Ultrasound and Laser therapy). Due to high demand for arthroscopy devices combined with a shift from open surgeries to minimally invasive surgeries, body reconstruction product fragment is anticipated to contribute most of the revenue during the forecast period.
Sports Medicine Market by Application
This market finds application in knee injuries, shoulder injuries, foot and ankle injuries, elbow and wrist injuries, back and spine injuries, hip and groin injuries and other injuries. The knee injuries fragment is assessed to track the highest share of the sports medicine market. Development in the knee wounds section can be ascribed to the growing participation in games like football and basketball at a more youthful age, bringing about high pervasiveness of knee injuries.
Sports Medicine Market by End User
Based on end users, the global sports medicine market is classified into hospitals & emergency care, trauma centres, ambulatory care and others.
Sports Medicine Market by Geography
Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America and Europe are the two major regions expected to dominate the global sports medicine market owing to improvement in the healthcare infrastructure and increasing focus of healthcare providers, towards trauma and related injuries. Also, the market in Asia Pacific is additionally anticipated that would observe considerable development. This is inferable from expanding government and private activities to make aware about the healthy living and ascend in medical tourism.
Some of the major players operating in the sports medicine market include Arthrex, Smith & Nephew, Depuy Synthes Companies, Stryker, Conmed, Zimmer Biomet, Breg, DJO Global, Mueller Sports Medicine, Wright Medical Group, Medtronic, RTI Surgical and Performance Health International Limited among others. The market players mainly focus on new product development to have a competitive advantage over other players. For example, 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.
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The sports medicine market is sectioned based on product type, application, end user and geography. By product type, this market can be classified into Body Reconstruction Products, Body Support & Recovery Products and Accessories. Body Reconstruction Products comprises of implants, fracture and ligament repair products, arthroscopy devices, prosthetics and orthobiologics. Body Support and Recovery Products include braces & supports, compression clothing, physiotherapy equipment, thermal therapy, electrostimulation and other therapies. The body reconstruction products segment is anticipated to contribute for the highest during the forecast period.
By application, the global sports medicine market is segmented into knee injuries, shoulder injuries, foot and ankle injuries, elbow and wrist injuries, back and spine injuries, hip and groin injuries and others. Knee based applications are relied upon to lead the segment over the conjecture time frame attributable to the expanding occurrences of knee wounds caused in sports. The major end users of the market include hospitals & emergency care, trauma centres, ambulatory care and others.
Geographically, the global sports medicine market is portioned into North America, Europe, Asia Pacific and Rest of the Europe. North America represented the biggest share of the overall industry, trailed by Europe inferable from ascend in number of osteoporotic fractures in the U.S. and high technological advancement such as computer-assisted and robotic-assisted procedures in the therapeutic market, giving exactness, and precision in the sports related injuries.
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