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(Medical-NewsWire.com, December 11, 2018 ) According to a new market research study titled ‘Sports Medicine Devices Market - Global Analysis and Forecasts By Product and Application, the global sports medicine devices market is expected to reach US$ 10,662.5 Mn in 2025 from US$ 5,822.6 Mn in 2017. The market is estimated to grow with a CAGR of 7.9% from 2018-2025. The report highlights the trends prevalent in the global sports medicine devices market and the factors driving the market along with those that act as deterrents to its growth.
The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key manufacturing companies along with their SWOT analysis and market strategies.
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Global sports medicine devices market, based on the product was body reconstruction and repair, body support and accessories. In 2017, the body reconstruction and repair segment held the largest share of the market, by product. The segment is also expected to witness growth at a significant rate during the forecast period, due to its benefits such as, reduced pain and swelling, better functioning, and early repairing of the damaged body part.
The market for sports medicine devices is expected to grow significantly due to Increasing Incidences of Sports Injuries, rising demand for minimally invasive methods as well as the presence of various sports medicine associations. In addition, the introduction of advanced technology in the field of sports medicine devices is anticipated to have a positive impact on the growth of the sports medicine devices market in the coming years.
Some of the prominent players operating in sports medicine devices market are DJO Global, Zimmer Biomet, STRYKER, Smith & Nephew, DePuy Synthes, Wright Medical Group N.V., Arthrex, Inc., CONMED Corporation, Mueller Sports Medicine, Inc., and RTI Surgical, Inc. The market players are focused towards introducing new and innovative products in the market to sustain their position in the market. For instance, in July, 2018, Wright Medical Group N.V launched PROstep Minimally Invasive Surgery System. The system provides a minimally invasive, that involves specially designed implants and instrumentation for percutaneous surgery of the foot. These product innovations and launches are expected to propel the growth of the sports medicine devices market during the forecast period.
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The report segments the global Sports Medicine Devices market as follows:
Global Sports Medicine Devices Market – By Product
Body Reconstruction and Repair
Fracture and Ligament Repair Devices
Orthobiologics
Arthroscopy Devices
Prosthetic
Body Support
Braces
Thermal Therapy Devices
Topical Pain Relief
Compression Clothing
Others
Accessories
Global Sports Medicine Devices Market – By Application
Knee
Shoulder
Ankle/Foot
Elbow & Wrist
Others
Global Sports Medicine Devices Market – By Geography
North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM)
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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