Global Sports Medicine Market, is expected to reach USD 30.2 billion by 2022

DALLAS - June 12, 2016 - PRLog -- Global Sports Medicine Market has accounted a market value of USD 16.6 billion in 2015 and is expected to grow to USD 30.2 billion in 2022, growing at a CAGR of 8.9% during the forecast period 2016 to 2022.

The global sports medicine market is segmented based on product types, body area and end user segments.

On the basis of product type the market is segmented into Orthobiologics, surgical devices, arthroscopy devices and orthopedic braces and supports. Orthobiologics are synthetic or biomaterials used as fillers or separately to align or reconstruct broken bones. They are widely used in the treatment of sports injuries such as ACL tear and others. The orthobiologics segment is further categorized into bone graft substitutes, visscosupplementation, bone marrow concentrate (BMC) and platelet rich plasma (PRP). The bone graft substitute sub segment dominates the orthobiologics segment with more that 75% share in 2015. The bone graft substitutes are further segmented into bone allografts, synthetic bone materials, demineralized bone matrix (DBM) and bone morphogenetic proteins (BMP).

On the other hand the surgical devices majorly constitute of plates and screws and other accessories. The arthroscopy devices segment is expected form a major part of the market owing to the paradigm shift towards minimally invasive procedures. The arthroscopy devices is further segmented into arthroscopy implants, arthroscopes (video and HDD), visualization systems, arthroscopy pumps and resection equipments. The orthopedic braces and supports are used in post operation rehabilitation or minor sports injuries. They are categorized into knee braces and supports (soft and hinged), foot and ankle braces and supports, spinal orthoses, upper extremity braces and supports and others.

The global sports medicine market is also segmented based on body area into knee, hip, shoulder and elbow, foot and ankle and, hand and wrist. The hip and knee segment is expected to dominate the market with more than 55% market share in 2016, and this trend is expected to continue in the forecasted years 2016 to 2022.

Report URL: http://databridgemarketresearch.com/reports/global-sports-medicine-market/

Based on end-users the market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others. The orthopedic clinics segment is expected to hold the major share of this market in 2015, owing to increased day care surgeries over inpatient arthroscopy procedures in developed markets. The report also includes surgery numbers by country for knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures and, hand and wrist arthroscopy procedures.

Based on geography the report covers data points for 52 countries across multiple geographies namely North & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. North America spearheaded by U.S. is expected to dominate the market with 43.3% market share in 2016, and will continue to be the leader in the forecast period 2016 to 2022.

Asia Pacific is expected to grow at the highest CAGR, owing to the increasing incidence of sports injuries in China, India, South Korea and ASEAN regions. Also Japan being the one of the forerunner in advanced cellular therapies used in sports medicine is expected to fuel the growth of the Asia-Pacific Sports medicine market.

The sports medicine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments are: DePuy Synthes Mitek Sports Medicine introduced radiofrequency devices for use in arthroscopic surgical procedures, U.S, Smith & Nephew plc acquired the trauma and orthopedics business of DeOst LLC, Zimmer Holdings, Inc. acquired Biomet, Inc., DePuy Synthes acquired Olive Medical Corporation, a U.S.-based privately held provider of HD visualization systems for minimally invasive surgery, Smith & Nephew plc acquired Arthocare among many others. The report includes market shares of sports medicine market for global, Europe, North America, Asia Pacific and Rest of the World.

Some of the major players operating in this market are Arthrex, Inc., Smith and Nephew, Medtronic, Depuy Synthes, Stryker, Conmed Corporation, Zimmer, Inc., DJO Global, Ossur Corporate, Ottobock Healthcare GmbH, Breg, Inc., Tornier, Inc., Mueller Sports Medicine, Inc., Cramer Products, Inc., RTI Surgical among others.

Related Reports:

Asia-Pacific Sports Medicine Market, By Product Type (Orthobiologics (Bone Graft Substitutes, Viscosupplementation, BMC, PRP), Surgical Devices (Plates and Screws), Arthroscopy Devices, Orthopedic Braces and Supports), By Body Area (Knee, Hip, Shoulder & Elbow, Foot & Ankle, Wrist & Hand), By End Users (Orthopedic Clinics, Hospitals, Ambulatory Surgical Centers, Others), By Country (China, India, Japan, South Korea, Singapore, Australia, Rest of APAC) - Trends and Forecast to 2022

http://databridgemarketresearch.com/reports/asia-pacific-sports-medicine-market/


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