Sports Medicine Devices Market: Overview
- Sports medicine refers to a branch of medical field involving physical fitness, treatment, and prevention of sports and exercise related injuries. These injuries include sprain, strain, fractures, joint dislocation, musculoskeletal injuries, and soft tissue damage.
- The global sports medicine devices market has been analyzed on the basis of factors such as technology used, success rate, reimbursement coverage, and geographical reach
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- The sports medicine industry is witnessing significant benefits from online marketing. It has helped in reaching lot of people, and thereby offering them a number of services and products available under sports medicine.
- Online marketing of sports medicine has become a powerful form, where a number of sports medicine products are sold by specialists through websites
- These websites also provide options for communicating with consumers/patients. Hence, this type of marketing for sports medicine is expected to boost the growth of the global market
- Encouraging sports in physically challenged individuals has been the most important motivational task to overlook disability. Paralympics, a global level sports tournament for physically challenged individuals involves various sports such as sprinting, swimming, wheelchair tennis, and wheelchair basketball.
- Increase in disabled population is likely to support the overall prosthetics market, while motivation to overcome disability and sports participation will help in expanding the sports medicine market
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Sports Medicine Devices Market: Segmentation
- In terms of orthopedic product, the global sports medicine devices market has been classified into artificial joint implants, arthroscopy devices, fracture repair devices, prosthesis, and orthobiologics
- Based on recovery & support products, the global sports medicine devices market has been categorized into braces, performance monitoring devices, accessories, and other recovery products
- Each of the segments has been analyzed in detail for sports medicine Devices trends, recent trends & developments, drivers, restraints, opportunities, and useful insights. The sports medicine devices market report provides current and future revenue (US$ Mn) for each of these segments for the period from 2017 to 2031, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations.
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Sports Medicine Devices Market: Regional Overview
- In terms of region, the global sports medicine Devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
- Prevalence of sports injuries in the U.S. and Canada has increased in the past few years. Injuries among young athletes is a major concern. Emphasis on achievements in sports, especially events such as world cups and Olympics, has made sports related treatment more important for the participants.
- There is also a rise in ‘active’ elderly population. Older adults above the age of 55 years are regularly involved in sports activities in order to have a healthy life.
- In Europe, sports injuries are common in schools and colleges, with around 3.5 million injuries occurring in the age group of 5 to 14 years old; basketball accounted for most of these injuries. Large number of these injuries need medical attention and could involve serious injuries such as joint dislocation, fractures, and soft tissue damage. Increase in sports injuries in schools and colleges is likely to drive the market in Europe.
- The sports medicine market in Asia Pacific has witnessed strong growth in the past few years, especially in major countries such as India, China, Japan, Australia, New Zealand, and South Korea. Technological advancements and increase in patient awareness about the medical treatments have led to faster development of the healthcare sector in countries such as India.
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Major Players
- The report concludes with the company profiles section that includes key information about the major players in the global sports medicine devices market
- Leading players analyzed in the report are
- Allergan plc
- Bayer AG
- F. Hoffmann-La Roche Ltd.
- Graybug Vision, Inc.
- Kubota Pharmaceutical Holdings Co., Ltd.
- Novartis AG
- Pfizer, Inc.
- Regeneron Pharmaceuticals, Inc.
- Santen Pharmaceutical Co., Ltd.
- Takeda Pharmaceutical Company Limited
- Each of these players has been profiled in the report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments
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