The MarketWatch News Department was not involved in the creation of this content.
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.
Global Sports Medicine Market research report showcases thorough insights about the Orthopedic Devices industry which are based on business intelligence. To bring about a supreme expertise of the best market opportunities into their applicable markets, businesses can take up this market report. The market report offers market potential for each geological region based on the growth rate, macroeconomic parameters, consumer buying patterns, their inclinations for particular product and market demand and supply scenarios.
Download exclusive PDF sample report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-sports-medicine-market
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),
CONMED Corporation (US),
Johnson & Johnson Services (US),
Bird & Cronin (USA),
Zimmer Biomet (US),
Anika Therapeutics, Inc. (US),
Breg, Inc. (US),
Mueller Sports Medicine, Inc. (US),
DJO Global, Inc. (US),
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.
- 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.
- 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