Overview:
Sports medicine is a class of medicine used to treat, prevent, and manage sports injuries, such as strain, sprain, fractures, musculoskeletal injuries, joint dislocation, and soft tissue damage. Sports such as badminton, tennis, sprinting, baseball, basketball, football, and cricket mainly cause soft tissue damage, such as ulnar collateral ligament damage, meniscus tear, Achilles’ tendon tear, rotator cuff tear, and anterior cruciate ligament rupture. Generally, fractures and joint dislocation occur in skateboard sports, motor racing, wrestling, rugby, and other sports.
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.
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Drivers:
Increase in number of sports-related injuries worldwide is expected to boost the growth of the global sports medicine devices market. For instance, as per the National High School Sports-Related Injury Surveillance Study, in the United States, there were around 1,367,490 cases of sports-related injuries reported in high schools in 2017-2018.
Moreover, rise in number of football players across the globe is also expected fuel the growth of the global sports medicine devices market. According to the FIFA’s Professional Football Report 2019, there are around 128,983 professional football players worldwide. Furthermore, rise in number of sports events worldwide is expected to augment the market growth.
Restraints:
Lack of reimbursement for academic sports injuries, severe complications associated with total or partial hip replacement devices, and dominance of local support and recovery products (as these products are available at low cost) are some of the major factors expected to hamper the growth of the global sports medicine devices market over the forecast period.
Opportunities:
Growing use of 3D printing to manufacture finger splints is expected to open up significant opportunities for key players active in the market. For instance, the research published in the International Journal of Bioprinting in April 2020 reported the use of an Ultimaker 2 Extended+ 3D printer to manufacture finger splint for mallet finger injury.
Moreover, introduction of technologically advanced orthopedic devices, such as Bluetooth or IoT enabled orthopedic devices, is expected to offer lucrative growth opportunities for players in the market. For instance, in 2019, Intellirod Spine announced the launch of a Bluetooth-enabled sensor, called iLink, which provides data on compliance for patients wearing spinal braces. Parents can load the app on their phone and track their child’s wearing time daily.
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Regional Analysis:
North America is expected to witness substantial growth in the global sports medicine devices market due to introduction of novel, Food and Drug Administration (FDA) approved sports medicine devices in this region. For instance, in 2019, FDA approved Arthrex’ Eclipse Total Shoulder Replacement System.
Asia Pacific is expected to witness significant growth in the global sports medicine devices market, owing to the increasing number of sports events and sports budget in this region. For instance, in 2019, the Indian Government increased the sports budget by US$ 28.25 million for the financial year 2019-2020.
Key players:
Key players active in the global sports medicine devices market are Ossur hf, Mueller Sports Medicine, Inc., DJO Global, Inc., DePuy Mitek, Inc., Conmed Corporation, BREG, Biomet, Inc., ArthroCare Corporation, Arthrex, Inc., 3M Company, and OttoBock Healthcare GmbH.
In 2019, DJO announced the launch of AltiVate Reverse Short Stem, the first fully-convertible, inlay, short stem shoulder arthroplasty system available in the United States.
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
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Technological Advancement
- Regulatory Scenario
- COVID-19 Impact Analysis
- Market Dynamics
- Global Sports Medicine Devices Market, By Type, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- Orthopedic Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Segment Trends
- Artificial Joint Implants
- Arthroscopy
- Fracture repair
- Orthobiologic
- Prosthetics
- Recovery Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Segment Trends
- Braces
- Performance monitoring accessories
- Other Recovery products
- Introduction
- Global Sports Medicine Devices Market, By Regions, 2017 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2019–2027
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- 3M Company
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Arthrex, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ArthroCare Corporation
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Biomet, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BREG, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Conmed Corporation
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- DePuy Mitek, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- DJO Global, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mueller Sports Medicine, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Össur hf
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- OttoBock Healthcare GmbH
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- 3M Company
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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