Global Connected Sports Medicine Market Challenges, Growth and Geographical Segmentation by 2023

 

Market Highlights

Sports medicines are known as the branch of medicines that deals with the physical health and curing or prevention of sports relates injuries. In almost a last decade it has been noticed that people are more aware about health. Increasing health education in school and different programmes on social media has led to increase the awareness about health. People have started adopting sports as the mean to maintain the health and as extracurricular activity. Not only young but elderly people have also adopted sports. This has led to increase the number of sports related injuries across the globe. This increasing number of sports injuries and sports medicine centres are the major reason for the growth of sports medicines market across the globe. On the other hand lack of skilled professionals for treating pediatric sports injuries and high cost of treatment may hamper the growth of the market.

The global sports medicines market is majorly segmented on the bases of product type, procedures, application, end user and regions.

The global Sports Medicines Market on the basis of product type is segmented into reconstructive products, support and recovery products and accessories. Joint reconstructive & repair products segment accounts the largest market share of the global sports medicine market by product type. Continuous innovation in research and development, technological advances and introduction of new and better surgical procedures has led to increase the market for reconstruction product.

Global Sports medicine Market Players:

Key players profiled in the report are Medtronics, Stryker, Zimmer Biomet, CONMED Corporation, DePuy Synthes, GE Healthcare, Smith & Nephew plc, Arthrex, Inc. and others.

Segmentation:

The global sports medicine market is segmented on the basis of product. Based on the product, the market has been segmented as joint reconstructive & repair products, support & recovery products, accessories & consumables and others. Based on the application, the market has been segmented as shoulder treatment, knee treatment, hip treatment, spine treatment, and others. Based on the procedure, the market has been segmented as tendinosis, tendon to bone and cartilage repair. Based on the End User, the market has been segmented as hospitals & emergency care, trauma centers, ambulatory care, and others.

Regional analysis

Global sports medicine market, on the basis of region is segmented into North America, Europe, Asia Pacifica and Middle East and Africa. North America has the largest market share of 39% in global sports medicines market and commands the largest market share in 2016 and was valued at USD 1,883.6 Million in 2016. Increasing prevalence of sports injuries and increasing number of sports medical centres in North America is responsible for the growth of the market. Europe accounts the second largest market which is followed by Asia Pacific. Asia pacific region is expected to be the fastest growing segment with the CAGR of 9.2% during the forecasted period, due to continuous development in healthcare sector and increasing awareness about health and sports. While Middle East and Africa has least income for the sports medicine market.

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Table of Contents

1    Introduction

1.1    Definition

1.2    Scope of Study

1.3    Research Objective

1.4    Assumptions & Limitations

1.5    Market Structure:

2    Research Methodology

2.1    Research Process

2.2    Primary Research

2.3    Secondary Research

3    Market Dynamics

3.1    Drivers

3.2    Restraints

3.3    Opportunities

3.4    Challenges

3.5    Macroeconomic Indicators

4    Market Factor Analysis

Cont…

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