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Sports Medicine Market Share 2021 | Market to Rise at a CAGR of 5.8% and Hit USD 9.86 billion by 2026

March 11th, 2021 Fortune Business Insights™ Pvt. Ltd. Releases

[130 Pages Report, Forecast 2019-2026], The global sports medicine market size is predicted to USD 9.86 billion by 2026, exhibiting a CAGR of 5.8% during the forecast period. The rising prevalence of chronic conditions, including cardiovascular diseases and obesity, is escalating participation in sports activities. The sports medicine market stood at USD 6.26 billion in 2018. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the market, and all articulated with geographical and merchandise segments.

North America stood at USD 2.60 billion in 2018 and is expected to grow rapidly during the forecast period. The increasing number of medical sports centers will aid the expansion of the market in North America. The growing participation in sports and physical activities by children will augment the healthy growth of the market in the region.

INDUSTRY DEVELOPMENT:

March 2019: Arthrex entered into a partnership with Clemson University, US, with an aim to provide 10 scholarships worth USD 7500 each, for students who will take courses and internships specifically tailored to the needs of the surgical device industry

September 2016: Stryker acquired Ivy Sports Medicine, LLC., with an aim to strength company’s product portfolio is comprised of a comprehensive minimally invasive meniscal repair platform.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sports-medicine-market-102034

Acquisition of Ivy Sports Medicine by Stryker will Enable Speedy Market Expansion

The announcement of Stryker’s Endoscopy division, a visualization platform enabling distinguish anatomy across all minimally invasive procedures, acquired Ivy Sports Medicine, LLC, medical equipment production company. The acquisition will enable Stryker to provide customers with a complete meniscal platform to better serve their patients.

The agreement between the companies will boost the sports medicine market share owing to the portfolio of the company, which includes the only FDA-approved collagen meniscus implant (CMI) on the market a reliable and innovative all-inside repair device, as well as an inside-out meniscal suturing platform. In addition, the developing sports infrastructure, along with the growing patient pool in hospitals, will facilitate the growth of the market.

According to the EU IDB catalog of sports, about 4.5 million people aged 15 and above have been treated in hospital for a sports injury each year. In addition, the presence of opportunities such as corporate funding & scholarships for students will bode well for the market in the forthcoming years.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/sports-medicine-market-102034

Some of the Major Companies in the Sports Medicine Market Include:

  • Arthrex, Inc.
  • Smith & Nephew
  • Stryker
  • CONMED Corporation
  • Zimmer Biomet
  • Johnson & Johnson Services, Inc.
  • KARL STORZ SE & Co. KG
  • Other players

 

Global Sports Medicine Market Scope

 

Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Device Type
  ·         Surgery Devices
  ·         Bone Reconstruction Devices
  ·         Body Support Devices
  ·         Others
  By Application
  ·         Knee
  ·         Head & Neck
  ·         Shoulder
  ·         Ankle & Foot
  ·         Wrist & Elbow
  ·         Others
  By End User
  ·         Hospitals
  ·         Specialty Clinics
  By Geography
  ·         North America (U.S. and Canada)
  ·         Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  ·         Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  ·         Latin America (Brazil, Mexico, and Rest of Latin America)
  ·         Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

 

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

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