The global sports medicine market currently accounts for USD 14.7 billion and is expected to grow at a healthy CAGR of 6.91% by 2020 and reach a market value of USD 20.5 billion.
Global Sports Medicine Market-Market Dynamics
The report details several driving and restraining factors for the global sports medicine market. Some of these are listed below.
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Contributing to the steady growth of the market are factors such as:
Recent technological advancements in the field of sports medicine
Rising awareness among athletes regarding physical and health fitness
Increased incidence of sport-related injuries
Long recovery periods involved
Increase in the demand for minimally invasive procedures in the treatment of sport-related injuries and surgeries
Increased exposure of athletes to different sporting events globally
Encouragement from the respective governments in the form of increase in budget allotments to the sports sector
The lack of properly skilled labor in the field of sports medicine has been a major setback hindering the market growth. The lack of proper reimbursement to the sport-related injuries has also been a major challenge faced by the sports medicine market. Certain stringent and unorganized regulatory framework issues have also been holding back the market growth.
The global sports medicine market is segmented on the basis of the treatment procedure, type of product, target area and geographical terrain. The treatment procedure segment is further divided into sub-segments, which include bone, ligament, tendon and cartilage reconstruction & repair treatment along with other surgical procedures. The product segment comprises orthopedic products and recovery-based products. The target area parameter segment includes the knee, shoulder, hip, elbow, hand, wrist, spine and other major areas of impact.
Geographically, the sports medicine market is divided into North America, Europe, Asia-Pacific and the Rest of the World. At 43%, North America occupies the largest market share. This can be attributed to the fact that the North American market is technologically more advanced in the field of sports medicine, whereas in other regions, the field of sports medicine is gradually on the rise. Following North America, Europe is the second largest market. Emerging markets like China and India are promising markets because of the increased sport-related injuries in these regions.
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Some of the key players in the market are:
Bird and Cronin, Inc.
Cayenne Medical, Inc.
Cramer Products, Inc.
DePuy Mitek, Inc.
Mueller Sports Medicine, Inc.
This report offers comprehensive profiles of these companies with their business strategy for sports medicine, financials, SWOT analysis, products and services and an insightful company analysis by our analyst.
What the Report Offers
Market definition for the global sports medicine market along with identification of key drivers and restraints for the market.
Market analysis for the sports medicine market, with region-specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
For gaining an exhaustive understanding of the worldwide market for sports medicines.
A comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade.
An ideal opportunity for industry consultants and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered.
Wide-ranging information provided about the leading market players and the major strategies adopted by them.
Some points from TOC:
1.1 Report Description
1.2 Research Methodology
- EXECUTIVE SUMMARY
2.1 Key Findings
2.2 Market Overview
- MARKET OVERVIEW
3.1 Market Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
22.214.171.124 Rising incidence of Sports related injuries
126.96.36.199 Rising awareness regarding physical fitness among newcomers
188.8.131.52 Increased inclination towards minimally invasive procedures
184.108.40.206 Recent technological advancements
220.127.116.11 Increased exposure of athletes to major sporting events
18.104.22.168 Increase in budget allotments to the Sports sector from the respective Governments
3.2.2 Market Restraints
22.214.171.124 Lack of proper reimbursement to sport injuries
126.96.36.199 Lack of properly skilled labor
188.8.131.52 Regulatory Framework issues
3.2.3 Porter's Five Force Analysis
184.108.40.206 Threat of a new entrant
220.127.116.11 Internal Rivalry
18.104.22.168 Buyer Bargaining Power
22.214.171.124 Supplier Bargaining Power
126.96.36.199 Threat of substitutes
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