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Sports Medicine Market Report: 2011 Edition
Koncept Analytics, June 2011, Pages: 35
The advent of arthroscopy (minimally invasive technique) was a milestone in the field of sports medicine. In the last three decades, technological advances in arthroscopy have enabled quick healing in athletes. The majority of procedures are performed to repair knee damage, most notably to the meniscus, treating sport related injuries such as anterior cruciate ligament (ACL) damage, as well as age related damage from rheumatoid arthritis. With the aging of global population, minimally invasive techniques in arthroscopic surgery will be valuable because they do not typically require extended hospitalization.
The majority of devices like cartilage repair, rotator cuff repair, and shoulder labrum repair address sports related injuries, while maximum revenues are derived from knee and shoulder treatments. Sport injuries are increasing, mainly in younger population due to changing demographic trends and lifestyle. Arthroscopic repair is the fastest growing segment in treatment of sports related injuries. The US remains the clear leader with maximum percentage of arthroscopic revenues.
Smith & Nephew is the market leader in global arthroscopy market. Other leading players are Arthrex, DePuy Mitek, Stryker, Conmed and ArthroCare. In the sports medicine market, there is a constant threat of new entrants trying to develop new technology and innovative procedures compared. This leads to a high intensity of rivalry amongst the competitors and also drives their R&D initiatives.
The report is aimed at providing a basic understanding of market size, factors influencing market growth, along with future projections for global sports medicine market. It also analyzes the overall market outlook for global arthroscopy market, besides providing an overview of the global orthopedic market. The report also profiles the major companies, with a discussion of their key business strategies. It also analyzes the major trends and growth drivers prevalent in the sports medicine market.
The future growth of the global sports medicine market has been predicted by combining SPSS Inc.’s data integration and analysis capabilities with the relevant findings. Various significant variables have been employed that have an impact on this industry and created regression models with SPSS to determine the future direction of the industry.
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