The sports medicine market consists of products used by athletes or sportspersons to prevent injuries and protect themselves including devices that boost performance. The product offerings play a crucial role in the rehabilitation, recovery, endurance, and monitoring of athletes in sports.
Increasing incidences of sports injuries worldwide coupled with continuous influx of advanced products and treatment modalities along with R&D developments in Sports Medicine are the factors that are expected to boost the growth of the market. Technological advancements related to regenerative medicine along with acceptance of arthroscopy & Procedures which are minimally invasive are likely to foster the market growth. High cost of implants and other devices along with high excise tax in the U.S. may likely restrain the growth of the market. Launch of generic implants along with market demand across emerging economies is expected to provide abundant growth opportunities in the market.
The market segments the market on the basis of products, applications, and region. Based on products, the market is segmented into body reconstruction & repair products, body support and recovery, other body support and recovery products and accessories. The body reconstruction & repair products is further segmented into implants, fracture and ligament repair products, arthroscopy devices, prosthetics and orthobiologics. Body support and recovery is further segmented into braces and support, thermal therapy products, topical pain relief products, compression clothing, monitoring devices and others. Other body support and recovery products is further segmented into acupuncture, massage, electrostimulation, acupuncture, massage and electrostimulation. On the basis of application, the market is segmented into shoulder injuries, foot & ankle injuries, elbow & wrist injuries, back & spine injuries, hip & groin injuries, knee injuries and other. On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).Key market players are Arthrex, Inc., Smith & Nephew, PLC., Depuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc. and Breg, Inc.
KEY BENEFITS FOR STAKEHOLDERS:
SPORTS MEDICINE MARKETKEY SEGMENTATION:
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