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Global Sports Medicine Market Positive long-term growth outlook 2017- 2024

Global Sports Medicine Market is expected to reach USD 32,199.3 million by 2024 from USD 16,520.0 million in 2016, at a CAGR of 8.7% in the forecast
Rubin McCarter | 27.09.2018

Global Sports Medicine Market is expected to reach USD 32,199.3 million by 2024 from USD 16,520.0 million in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Players: 

Some of the major players operating in this market are

Arthrex, Inc.,
Smith & Nephew,
DePuy Synthes,
Stryker,
CONMED Corporation,
Johnson & Johnson,
Bird & Cronin, Inc.,
Zimmer, Inc.,
Biomet Inc.,
Anika Therapeutics,
Ossur,
Breg Inc.,
Mueller Sports Medicine, Inc.,
DJO global,
Segmentation:

By Product Type {Orthobiologics (Bone Graft Substitutes, Viscosupplementation, BMC, PRP), Surgical Devices (Plates and Screws), Arthroscopy Devices, Orthopaedic Braces and Supports};
By Body Area (Knee, Hip, Shoulder & Elbow, Foot & Ankle, Wrist & Hand),
End Users (Orthopaedic Clinics, Hospitals, Ambulatory Surgical Centers, Others),
By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
Drivers: 

The major factors driving the growth of this market are the increasing incidences of sports injuries, increasing adoption of arthroscopic surgeries, continuous influx of new products and treatment modalities, growing research activities in sports medicines, increased adoption and acceptance of arthroscopy and minimally invasive procedures.

INCREASING INCIDENCES OF SPORTS INJURIES

Increasing obesity worldwide has fuelled the need to adapt active lifestyles. The need to adapt active lifestyle has triggered the popularity of sports among the masses.
A few most common sports related injuries are knee injuries (anterior cruciate ligament (ACL) tear, quadriceps tendonitis, meniscal injuries), ankle & foot injuries (Plantar fasciitis, metatarsal fracture), shoulder injuries (rotator cuff injury, dislocations, inflammation of biceps).
CONTINUOUS INFLUX OF NEW PRODUCTS AND TREATMENT MODALITIES

Companies in the sports medicine market are increasingly focusing on new product launches and technological advancements.
New product launches and innovations mainly deal with the development of more economical, technologically advanced, and easy-to-use sports medicine products.
Technological advancements have led to the introduction of new treatment modalities such as percutaneous tenotomy, platelet rich plasma (PRP) therapy, stem cell therapy, and robotic technology, among others.
This not only generates interest but promises a healthy future for the growth of the sports medicine market.
DEVELOPMENTS IN THE FIELD OF REGENERATIVE MEDICINE

Growing regenerative medicine plays a significant role in the management of sports injuries. This area of medicine includes the use of orthobiologics, which are substances used to improve the healing of broken bones and injured muscles, tendons, and ligaments.
Orthobiologics are made from substances that are naturally found in the body and, when used in higher concentrations, they may help speed up the healing process.
Orthobiologics products such as allograft, polymer-based bone substitutes, and viscosupplements are extensively used in the treatment of sports injuries or conditions resulting from trauma.


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