Knee segment is expected to drive the growth of the global sports medicine devices market by application
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 market is expected to grow due to increase in the number of sports medicine association as well as the increasing incidences of sports injuries.
Sports medicine devices are used to treat wounds and injuries caused by the sport activities and exercise. Treatment for a sports injury can consist of pain relievers and protecting the injured area with a cast or suspended by support. For some cases, a surgical procedure may be required to repair torn tissue or realign bones. In recent years, there have been various developments in the market. The development of the next generation technologies for the orthobiologic are based upon scientific and clinical knowledge and this knowledge is likely to create opportunities to treat the sport injuries. The insights from the orthobiologics can provide better understanding of the tissue’s response from cell-signaling, material-biology interactions, and the implants’ surrounding environment. Therefore, accounting the multi-factorial elements are likely to contribute towards an improvement in the physiologic balance and can lead to the better healing conditions.
Global sports medicine devices market, based on the application was segmented into elbow & wrist, shoulder, knee, ankle/foot and others. Among the applications, the segment of knee is expected to grow at the fastest rate during the forecast period, since knee injuries are majorly contributed by the elderly people and patients suffering from arthritis and osteoarthritis and osteoporosis.
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 players operating in the sports medicine market have been focusing towards strengthening their market position as well as customer base, through measures such as, partnerships. For instance, in November 2018, DJO entered into partnership with SirenMD, a workplace collaboration platform which facilitates coordinated communication between caregivers and patient advocates. Through this collaboration, DJO would be able to provide even greater care to athletes and sports teams.
The report segments the global Sports Medicine Devices market as follows:
Global Sports Medicine Devices Market - By Product
Global Sports Medicine Devices Market - By Application
Global Sports Medicine Devices Market - By Geography
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