CONMED

medicine

Sports Medicine Market 2020 Analysis – Stryker, CONMED Corporation, Johnson & Johnson Services, Bird & Cronin

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Nov 06, 2020 (CDN Newswire via Comtex) —
Global Sports Medicine Market is expected to rise from its initial estimated value of USD 19.45 billion in 2018 to an estimated value of USD 37.35 billion by 2026, registering a CAGR of 8.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing incidences of sports injuries.

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Global Sports Medicine Market By Product Type (Orthobiologics (Bone Graft Substitutes, Viscosupplementation, BMC, PRP), Surgical Devices (Plates and Screws), Arthroscopy Devices, Orthopedic Braces and Supports), Body Area (Knee, Hip, Shoulder & Elbow, Foot & Ankle, Wrist & Hand), Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries), End Users (Orthopedic Clinics, Hospitals, Ambulatory Surgical Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Few of the major competitors currently working in the sports medicine market are

Arthrex, Inc. (Germany),

Smith & Nephew (UK),

DePuy Synthes (US),

Stryker (US),

CONMED Corporation (US),

Johnson & Johnson Services (US),

Bird & Cronin (USA),

Zimmer Biomet (US),

Anika Therapeutics, Inc. (US),

Ossur (Europe),

Breg, Inc. (US),

Mueller Sports Medicine, Inc. (US),

DJO Global, Inc. (US),

Medtronic (Ireland),

GENERAL ELECTRIC (US),

Ceterix Orthopaedics (USA),

KFx Medical LLC. (US),

MedShape, Inc. (USA),

NuVasive, Inc. (US),

Flexion Therapeutics Inc. (US)

Market Definition: Global Sports Medicine Market

Sport Medicines can be defined as a medical branch which is deals with diagnosis, treatment and prevention of the injuries or illness of athletics or sportsman. Sports medicines play an initial and important part in the sports.

According to US centers for diseases control, around 10 % of kids and teen participating in the sports suffer include minor or major type of injury and majority of the sports injury occur during 12-16 yr of age. Sports like Football and baseball has the highest rate of injury. Beside this lack of safety and carelessness during practice or game is the major reason for occurrence of the sports injuries.

Market Drivers

  • Increasing adoption of arthroscopic surgeries, this act as driver to the market.
  • Continuous influx of new products and treatment modalities, this act as driver to the market.

Market Restraints

  • Unfavorable reimbursement strategies, this significant act as market restraints.
  • Inappropriate administration and guidelines pertaining to sports medicine, this significant act as market restraints.

Key Developments in the Market:

  • In November 2018, Colfax Corporation announced
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