Sports injuries in the paediatric population is a significant healthcare concern. According to National Youth Sports Safety Foundation, approximately 5 million children in the U.S. are treated in a year for sports-related injuries. Injuries and medical problems in growing children’s are quite different from conditions seen in adults. Paediatric specialist treat the unique sports-related medical needs of children. Sports injuries may have a significant impact on daily activities of a person and at that time, it may limit the motion activities. Over a decade, the paediatric sports medicine market is witnessing a significant growth in the healthcare industry. With a variety of sports gaining popularity and more young people participating in organized sports, paediatric sports medicines is all set to play an extremely vital role in a sports-person’s vital statistics, monitoring, and diagnostics by maintaining the highest level of balance between body exhaustion and recovery.
The global paediatric sports medicine market is anticipated to witness a strong growth worldwide over the forecast period (2016–2026).
Paediatric Sports Medicine Market: Drivers and Restraints
The global paediatric sports medicine market is expected to grow exponentially over the forecast period primarily due to rising interest of young population in sports activities, rising awareness among athletes for physical and health fitness, and rising incidence of health related issues among these individuals. In addition, increasing incidence of sport related injuries in the young athletes and the long recovery periods involved as a cause of the injury are also driving the market for paediatric sports medicines in the near future. Currently, the sports medicine market is witnessing various improved treatment options attributed to constant focus of the leading paediatric sports medicine market players in introducing newer products and treatment options for sports injuries. However, lack of skilled professionals in the paediatric sports medicine field, lack of favourable reimbursement policies in the sports related injuries and more cost involved in the treatment of paediatric sports injury are some of the factors restraining the market growth over the forecast period.
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Paediatric Sports Medicine Market: Segmentation
Global paediatric sports medicine marketis segmented on the basis of product type, distibution channel and geography as following:
- By Product Type
- By Distribution Channel
- Pharmacies and Drug Stores
- Private Clinics
- Sports Academies
Paediatric Sports Medicine Market: Overview
Rising participation in sports activities among young individuals, increasing focus on cost-effective treatment solutions for sports injuries, advancements in the field of medicinal science and growing demand for arthroscopic surgeries are leading to rising demand for paediatric sports medicines. In addition, increasing disposable incomes and young population in developing nations are fuelling the growth of the paediatric sports medicine market globally in the near future.
Paediatric Sports Medicine Market: Region- wise Outlook
The global market for paediatric sports medicine is expected to register a healthy CAGR during the forecast period. Depending on geographic regions, global paediatric sports medicine market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
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In terms of region North America accounts for the largest market share in the global paediatric sports medicine market owing to rising cases of sports related injuries, presence of major key players in the region, and increasing fitness awareness among young individuals. Europe accounts for the second largest market share in paediatric sports medicine market attributed to increased obesity rate, lack of availability of other substitutes and rising healthcare expenditures. However the Asia Pacific is expected to exhibit a higher CAGR over the forecast period owing to larger base of young population participating in various sports activities and increasing awareness regarding the fitness, growing importance of participating in such activities and increasing sports related injuries in this region.
Paediatric Sports Medicine Market: Key Players
Some of the key market players in global paediatric sports medicine market are 3M, DePuy Mitek Inc. Conmed Corporation, Smith & Nephew, Stryker Corporation, Arthrex, Biomet, Mueller Sports Medicine Inc., Wright Medical Technology and Zimmer Holdings.