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(Medical-NewsWire.com, October 09, 2018 ) Sports medicine is a branch of healthcare that deals with enhancing people’s athletic performance. Sport medicine products help people recover from injuries and prevent future injuries. In addition, sports medicine has displayed a considerable growth among all the other healthcare fields, as professionals in this field have the capability to treat all kinds of people, and not just athletes. Increase in the demand for sports medicine is witnessed over the years owing to the rise in incidence of sports associated injuries along with increase in awareness among people regarding physical fitness.
In addition, government initiatives pertaining to sports medicine increase the participation of athletes worldwide. Further, elevation in the demand for minimally invasive surgeries supplements the market growth. However, lack of skilled professionals in this field, and inappropriate administration and guidelines regarding sports medicine hamper the growth.
Some of the key players in the Sports Medicine Market are Arthrex, Biomet Inc., Arthrocare, Conmed Corporation, DJO Global, Stryker Corporation, Otto Bock Healthcare, DJO Global, Zimmer Holdings Inc., Smith & Nephews, Xiros, Mueller Sports Medicine, Inc., Ossur hf, Skins International Trading AG, and Wright Medical Technology, Inc.
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Sports Medicine Market is accounted $33.7 billion in 2015 and is expected to reach $53.6 billion in 2022 at a Compound Annual Growth Rate of 6.9%. Sports medicine is about preventing and treating the athletes and any other people indulged in physical activities from injuries. Some of the key factors driving the market are increasing number of cases of sports injuries, gaining popularity of western sports and growing economies to raise the budget allotment for sports. Whereas factors such as lack of trained professionals and cost of certain products are likely to restrain the market growth. Insurance is posing a major challenge to sports medicine as it would not cover the sports injuries and reimbursement.
Reconstruction & recovery products are anticipated to hold the major share of the market. By Application, knee injuries segment commanded the largest share. Growth of the market is expected to be centred on the Asia-Pacific region owing to its initiatives taken by the governments to promote sports medicine, the influx of international players, expansions by key players, and increasing awareness through conferences & symposia.
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Fundamentals of Table of Content:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Application Analysis
3.8 Emerging Markets
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Sports Medicine Market, By Procedure
5.1 Introduction
5.2 Cartilage Reconstruction and Repair
5.3 Ligament Reconstruction and Repair
5.4 Bone Reconstruction & Repair
5.5 Surgery
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