CMI published a business research report on “Sports Medicine Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2026”. Sports Medicine Devices with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Sports Medicine Devices Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Sports Medicine Devices Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
The global sports medicine devices market is estimated to account for US$ 8,645.3 Mn in terms of value in 2020 and is expected to reach US$ 11,656.1 Mn by the end of 2027.
Sports Medicine Devices find extensive use in the treatment and prevention of sports-related injuries. As an integral part of this, various instruments, technologies, and implants are used to perform minimally invasive surgeries, including the repair of soft tissue injuries and degenerative conditions of the knee, shoulder, and hip. In 2015, the British medical equipment manufacturer, Smith & Nephew, launched the iQ-FIX All-suture anchor for procedures like rotator cuff repair in the shoulder and labral repair in the hip and shoulder. Consistent development of new products by manufacturers in the field of Sports Medicine Devices is a major growth propeller for the global Sports Medicine Devices market.
Among regions, Asia Pacific is poised to witness enormous growth in the global Sports Medicine Devices market over the projected timeline, supported by the growing participation of the populace in various international sports events, and rising awareness of a fit and healthy lifestyle among them. Events such as the 2008 Beijing Olympics augmented the inclination of people in this region towards sports. The regional market is predicted to gain further traction by virtue of the ascending number of sports events being held in India, for instance, the Indian Premiere League (IPL), Indian Super League (ISL), and Pro Kabaddi.
Reasons to Purchase this Report
• Current and future of global Sports Medicine Devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Sports professionals and athletes are the primary adopters of the novel treatment methods emerging in this space. Less invasive methods of injury management are more preferable for faster recovery. Therefore, the minimally invasive and small incision replacement surgeries for improved rehabilitation and pain management are gaining higher popularity around the globe.
In July 2015, Mitek Sports Medicine Devices introduced two new arthroscopic surgery radiofrequency devices, namely, the VAPR TRIPOLAR 90 Suction Electrode and the VAPR ARCTIC Suction Electrode. These devices are known to improve soft tissue ablation and coagulation during arthroscopy surgeries.
Among product types, the body reconstruction products segment would acquire the largest share in the global Sports Medicine Devices market over the forecast timeline, as suggested by market experts. On the other hand, the knee injuries application segment accounted for the largest market share in 2016, owing to the growing incidence of knee-related sports injuries. According to the American Academy of Orthopedic Surgeons, 2014, nearly 90% of the people undergoing knee replacement surgeries experience a drastic reduction in pain, along with improved ability to perform daily chores post-surgery.
The leading vendor involved in the global Sports Medicine Devices market are Zimmer Biomet, Smith & Nephew Plc, Johnson & Johnson, Breg, Inc., Wright Medical Group N.V., Medtronic Plc, Stryker Corporation, Mueller Sports Medicine Devices, Inc., DJO, LLC, Conmed Corporation, and RTI Surgical, Inc.
These players are actively engaged in strategic acquisitions and collaborations in a bid to expand their product portfolios, with the introduction of new platform technologies. For instance, in April 2016, Zimmer Biomet Holdings, Inc. entered into a definitive agreement to acquire Arizona-based Cayenne Medical, Inc., with the intent to strengthen the company’s Sports Medicine Devices portfolio, with the launch of technologically advanced soft tissue reconstruction solutions.
Major Point Answered in Sports Medicine Devices Market Research Study are: –
• What will the market growth rate, Overview and Analysis by Type of Sports Medicine Devices market in 2026?
• What are the key factors driving, Analysis by Applications and Countries Sports Medicine Devices market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Sports Medicine Devices market?
• Who are Opportunities, Risk and Driving Force of Sports Medicine Devices market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key vendors in Sports Medicine Devices market space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Sports Medicine Devices market opportunities and threats faced by the vendors in the market?
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