Sports Medicine Market 2019: Global Industry Dynamics, Corporate Financial Plan, Business Competitors, Emerging Technologies, Supply and Revenue With Regional Trends By Forecast 2023
Sports medicine is defined as the medical branch that deals with the diagnosis, treatment, and prevention of the injuries or illness related to athletics or sportsman. Market Research Future (MRFR) has published a research report about the global sports medicine market that measures proliferation for this market at 8.9% CAGR during the forecast period between 2017 and 2023. By value, the market can be worth the USD 9,655.6 mn by the end of the forecast period.
Major players in the global sports medicine market include Arthrex Inc. (Germany), CONMED Corporation (USA), DePuy Synthes (USA), GE Healthcare (USA), Medtronics (Ireland), Smith & Nephew PLC (UK), Stryker (USA), and Zimmer Biomet (USA).
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The most imperative factor carrying the global sports medicine market growth forward is the popularity of sports like football and baseball that have the highest rate of injury. Football is popular in both North America and Europe. Baseball is highly popular in North America, especially in the USA. The second market driving factor is the lack of safety and carelessness during practice or game that causes sports injuries. Sports injuries also happen sometimes as many people are unaware of the safety measures.
Other factors driving the market growth include the limited number of physicians regarding sports medicine, a growing number of people adopting as the mean to maintain the health as well as an extracurricular activity, and subsequent increase in sports injuries. However, the high cost of treatment and lack of skilled professionals for treating pediatric sports injuries can stunt the market growth.
Latest Industry News
- Hawks Talon Gaming Club has forged a partnership with Georgia-based Northside Hospital. Under the terms of this partnership, Northside Hospital will provide healthcare to the National Basketball Association (NBA) 2K League team players. Northside Hospital’s logo is set to appear on both basket stanchions, both sleeves of Hawks Talon CG jerseys, and LED signs adjacent to the court. Recently, Northside Hospital has also forged a partnership with Skillshot Media under which, it provided different medical services to several Hi-Rez leagues. 7 JUNE 2019
Market Segmentation
The global Sports Medicine Market segmentation covers application, end-user, procedure, and product. MRFR is exploring the features of these segments to understand market trends.
As per the application-based segmentation, this market covers hip treatment, knee treatment, shoulder treatment, spine treatment, and others. Based on end-users, the market has been segmented into ambulatory care, hospitals & emergency care, trauma centers, and others.
Regarding the procedure, the market has been segmented into cartilage repair, tendinosis, and tendon to the bone. Tendinosis holds the largest share market of 54% in the global market.
In the context of product-based segmentation, this market features accessories & consumables, joint reconstructive & repair products, support & recovery products, and others.
Regional Segmentation
The regional segmentation of the global sports medicine market covers North America, Asia Pacific, Europe, and the Middle East & Africa (MEA).
Holding a 39% share in the global market makes North America the largest regional market. Here the market is growing not only due to the increasing prevalence of sports injuries, but also the increasing number of sports medical centers in this region. Many major market players are based in the USA. Canada is the second largest economy in this region. Hence, it has the potential of being a powerful country-specific market.
Europe is the second largest regional market, followed by the Asia Pacific. Some of the major market players are based in Europe too, and the market can be huge in this region due to many football leagues and different sports leagues. In this region, France, Germany, and the UK hold the potential of being the strongest country-specific markets.
During the forecast period, Asia Pacific can be the fastest growing regional market due to 9.2% CAGR. In this region, the market is growing due to continuous development in the healthcare sector, increasing health awareness and awareness about sports. The biggest potential for market growth is likely to be seen in China, India, and Japan. The MEA region has the least market revenue due to limited scope for sports as well as healthcare.
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Scope of Report
The report for Global Sports medicine Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
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List of Tables
Table 1 Global Sports Medicines Market, by Product 2014-2023 (Usd Million)
Table 2 Global Sports Medicines Market, by Reconstructive Products 2014-2023 (Usd Million)
Table 3 Global Sports Medicines Market, by Body Support and Recovery Devices Products 2014-2023 (Usd Million)
Table 4 Global Sports Medicines Market, by Accessories 2014-2023 (Usd Million)
Table 5 Global Sports Medicines Market, by Application 2014-2023 (Usd Million)
Table 6 Global Sports Medicines Market, by Shoulder Treatment2014-2023 (Usd Million)
Table 7 Global Sports Medicines Market, by Knee Treatment2014-2023 (Usd Million)
Table 8 Global Sports Medicines Market, by Hip Treatment2014-2023 (Usd Million)
Table 9 Global Sports Medicines Market, by Spine Treatment2014-2023 (Usd Million)
Table 10 Global Sports Medicines Market, by Procedure 2014-2023 (Usd Million)
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List of Figures
Figure 1 Global Sports Medicines Market Share, by Product, 2016
Figure 2 Global Sports Medicines Market Share, by Application, 2016
Figure 3 Global Sports Medicines Market Share, by Procedure, 2016
Figure 4 Global Sports Medicines Market Share, by End User, 2016
Figure 5 Global Sports Medicines Market Share, by Region, 2016
Figure 6 Global Sports Medicine: Market Structure
Figure 7 Research Process
Figure 8 Drivers & Restraints Impact Analysis of Global Sports Medicine Market
Figure 9 Porters Five Forces Analysisof Global Sports Medicine Dental Imaging Market
Figure 10 Global Sports Medicines Market, by Product 2016 & 2023 (Usd Million)
Continued…….
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