Tue, 18 Jan 2022

According to a new report published by Allied Market Research, titled, Sports Medicine Devices Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 20182025, the global sports medicine devices market was valued at $7,175 million in 2017, and is expected to reach $12,730 million by 2025, registering a CAGR of 7.3% from 2018 to 2025. The body reconstruction & repair segment accounted for about three-eighths of the global market in 2017.

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List of Key Players

Smith & Nephew Plc., Stryker Corporation, Johnson & Johnson (Depuy Mitek), Arthrex, Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., DJO Global, Inc., and Wright, Medical Group N.V. The other players operating in the global sports medicine devices market include Richard Wolf GmbH, Ceterix Orthopaedics, General Electric Company, KFx Medical LLC, Medtronic Plc., MedShape, Inc., Osiris Therapeutics, Inc., and NuVasive, Inc.

Sports medicine is a branch of healthcare industry, which deals with the physical fitness of athletes. Moreover, it involves prevention and treatment of injuries related to sports and exercise. Common sport injuries include anterior cruciate ligament (ACL) tears, ankle sprains, muscle cramps, and shin splints. Demand for sports medicine devices has increased considerably, owing to active participation of athletes in various sports across different countries. Various aspects of sports medicine such as indulging in sports activities for fitness, recommendations for physical training, and sports injury prevention & treatment further contribute toward the market growth.

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The body reconstruction & repair segment is anticipated to dominate the market during the forecast period. This is attributed to the fact that body reconstruction & repair products are majorly used in the treatment and prevention of sport-related injuries. Among body reconstruction & repair products, the bone/cartilage repair & reconstruction segment is expected to register the highest CAGR of 8.6% during the forecast period. Considering body support & recovery products, the support devices & braces segment was the highest revenue contributor in 2017, accounting for five-ninths share. The knee injuries segment is estimated to grow at the highest CAGR of 8.6% from 2018 to 2025, as athletes frequently suffer from such injuries. Sports medicines are principally employed in the treatment of knee injuries, owing to increase in incidence of meniscus tear among sportspersons.

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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