A research study titled, “Sports Medicine Market by Product and Application - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the sports medicine market is projected to be around $13 billion by 2025.
Sports injury is one of the most common types of injuries affecting children and teenagers. Sports injuries amount to almost one-third of all the injuries reported in children. Such injuries are majorly associated with spine, knees, back, ankle, shoulder, foot, and other body parts. Sports and related activities in developing countries are witnessing more growth and acceptance on a professional level contributing to the number of sports related injuries. Sports and physical activities are associated with around one-fifth of the brain related traumatic injuries. As the awareness about the health benefits of involvement in sports and other physical activities is rising, instances of sports injuries are also on a rise worldwide.
Body reconstruction and repair devices segment held a major share of the overall sports medicine market in 2016. These devices have wide applications in procedures such as ligament reconstruction, soft tissue repair, and bone reconstruction procedures along with injuries related to neck, knee and shoulders.
Recovery and support products segment held the second largest share of the global market in 2016, owing to increased demand for performance monitoring devices, braces and support devices. Such products are largely used by professional athletes and fitness enthusiasts who wish to monitor and improve their performance while taking adequate precautions to avoid injuries.
Knee injuries segment dominated the global market in 2016. These are the most common type of injuries related to sports such as basketball, soccer and running. Majority of injuries related to football are associated with knees. Shoulder segment accounted for almost one fourth of the total sports injuries market in 2016 and is poised to grow at a high CAGR during the forecast period.
North America held the major share of the global sports medicine market in 2016 and it is expected to witness substantial growth in near future due to advanced healthcare infrastructure and high healthcare expenditure. Asia-Pacific is projected to be the fastest-growing segment in the global market during the forecast period, due to the rising awareness about sports in developing nations. Moreover, the attitude of adopting sports on a professional level is on the rise in these regions resulting in favorable market growth for sports medicine.
Smith & Nephew plc, Zimmer Biomet, DePuy Mitek, and Arthrex together accounted for major share of the overall market in 2016. Some of the other key players are DJO Global, Mueller Sports Medicine Inc, Medstar Sports Medicine, Tornier N.V., Acumed LLC, Wright Medical Technology, and Ossur HF.
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