A research study titled, “Sports Medicine Market by Product and
Application - Global Industry Analysis and Forecast to 2025” published by
Crystal Market Research, states that the sports medicine market is projected to
be around $13 billion by 2025.
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. 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.
Body
reconstruction and repair devices segment held a major share of the overall
sports medicine market in 2016. These devices have wide applications in
procedures such as ligament reconstruction, soft tissue repair, and bone
reconstruction procedures along with injuries related to neck, knee and
shoulders.
Recovery and
support products segment held the second largest share of the global market in
2016, owing to increased demand for performance monitoring devices, braces and
support devices. Such products are largely used byprofessional athletes and
fitness enthusiasts who wish to monitor and improve their performance while
taking adequate precautions to avoid injuries.
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Knee injuries segment dominated theglobal marketin 2016.
These are the most common type of injuries related to sports such as
basketball, soccer and running. Majority of injuries related to football are
associated with knees.Shoulder segment accounted for almost one fourth of the
total sports injuries market in 2016 and is poised to grow at a high CAGR
during the forecast period.
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.
Smith &
Nephew plc, Zimmer Biomet, DePuy Mitek, and Arthrex togetheraccounted for major
share of the overall market in 2016. Some of the otherkey players are DJO
Global,Mueller Sports Medicine Inc, Medstar Sports Medicine, Tornier N.V.,
Acumed LLC, Wright Medical Technology, and Ossur HF.
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Competitive
Analysis
The sports medicine market
is dominated by a few large players such as Arthrex, Inc, Smith & Nephew,
DePuy Mitek Inc, and Stryker Corporation, who have consolidated the market
controlling a share of more than 70% in 2016. These players consistently
introduce innovative and technologically advanced products in the market to
ensure a competitive advantage over the other players.
Some other players operating
in this industry are Medstar Sports Medicine, Mueller Sports Medicine Inc,
Zimmer Biomet, Otto Bock Healthcare, and DJO Global.
Market Opportunities
The major expansion
opportunities for the players in this market lie in the developing countries
where sports and related activities are witnessing more growth and acceptance
on a professionallevel. Knee injuries segment is the growing market as it brings
in more innovative products to meet growing needs of knee injuries.
Sports Medicine Market
Segmentation
By Product:
- Body support and Recovery Products
o Thermal Therapy Products
o Tropical Pain Relief Products
o Braces and Support
o Performance Monitoring Devices
- Reconstruction and Repair
o Bone Reconstruction Devices
o Surgical Equipment
o Soft Tissue Repair
- Accessories
o Wraps
o Tapes
o Bandages
o Others
By Application:
- Ankle
and Foot Injuries
- Knee
Injuries
- Elbow
and Wrist Injuries
- Shoulder
Injuries
- Back
and Spine Injuries
- Other
Injuries
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reports across a broad range of industries including healthcare, chemicals
& materials, technology, automotive, and energy.
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