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. Sports medicine is a study that deals with improving physical fitness and preventing sports-associated injuries. The major objectives of sports medicine are to enhance the athletic performance and prevent the risk of future injuries. In addition, sports medicines improve body functions and minimize the disability of patients. The key factors that drive the market growth of the global sports medicines market include rise in incidence of injuries associated with sports, increase in participation in sports activities, and surge in demand for minimally invasive treatment methods.
The global sports medicine devices market is segmented on the basis of product, application, and region. Based on product, the market is divided into orthopedics devices, body reconstruction & repair, body support & recovery, body monitoring & evaluation, and accessories. The orthopedics devices segment is further fragmented into arthroscopy devices, fracture repair devices, artificial joint implants, and prosthesis. Body reconstruction & repair is subsegmented into surgical equipment, and bone/cartilage repair & reconstruction. Furthermore, the body support & recovery segment is classified into thermal therapy, support devices & braces, and compression devices. Body monitoring & evaluation segment is categorized into respiratory, hemodynamic, cardiac, musculoskeletal, and others. The applications covered in the study include knee hand - wrist injury, shoulder injury, ankle - foot injury, arm - elbow injury, knee injury, back - spine injury, and hip - groin injury.
Among products, the body reconstruction & repair segment generated highest revenue in 2017, and is expected to maintain this dominance throughout the forecast period. However, the body monitoring & evaluation segment is anticipated to grow at the fastest pace throughout the forecast period. Considering the applications, knee injury segment is anticipated to be the highest revenue contributor throughout the forecast period, owing to increase in incidence of knee ligament injuries during sports activities.
Region wise, the market is analyzed across North America, Europe, Asia - Pacific, and LAMEA. Asia - Pacific witnessed rapid growth in the adoption of sports medicine over the last few years, due to increase in focus of sports medicine companies on high growth potential in the countries of this region. In addition, rise in active participation of people in various sports activities in this region supplements the market growth.
Key Benefits For Sports Medicine Devices Market:
- The study provides an in-depth analysis of the global sports medicine devices market along with the current trends and future estimations to elucidate the imminent investment pockets.
- A quantitative analysis from 2017 to 2025 is discussed to enable the stakeholders to capitalize on the prevailing market opportunities.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
- Porters five forces model is expected to interpret the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.
- Orthopedic Devices
- Arthroscopy Devices
- Fracture Repair Devices
- Artificial Joint Implants
- Body Reconstruction & Repair
- Surgical Equipment
- Bone/Cartilage Repair & Reconstruction
- Body Support and Recovery
- Thermal Therapy
- Support Devices & Braces
- Compression Devices
- Body Monitoring & Evaluation
- Hand & wrist Injury
- Shoulder Injury
- Ankle &foot Injury
- Arm & elbow Injury
- Knee Injury
- Back & spine Injury
- Hip & groin Injury
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Smith & Nephew Plc.
- Stryker Corporation
- Johnson & Johnson (Depuy Synthes)
- Arthrex, Inc.
- Conmed Corporation
- Zimmer Biomet Holdings, Inc.
- Breg, Inc. (Orthofix International N.V.)
- Mueller Sports Medicine, Inc.
- DJO Global, Inc.
- Wright Medical Group N.V.
- Richard Wolf GmbH
- Ceterix Orthopaedics
- General Electric Company
- KFx Medical LLC
- Medtronic Plc.
- MedShape, Inc.
- Osiris Therapeutics, Inc.
- NuVasive, Inc.
1.1. Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.3.Analyst tools & models
CHAPTER 2: Executive summary
CHAPTER 3:market overview
3.1.Market definition and scope
3.2. Key findings
3.2.1.Top investment pockets
3.2.2.Top Winning Strategies
3.3.Porters five forces analysis
3.4.Market share analysis
126.96.36.199.Rise in incidence of sports-related injuries
188.8.131.52.Active government participation in encouraging sports activities
184.108.40.206.Surge in demand for minimally invasive surgeries (MIS)
220.127.116.11.Increase in awareness about physical fitness among people
18.104.22.168.Dearth of skilled professionals
22.214.171.124.Unfavorable reimbursement strategies
126.96.36.199.Inappropriate administration and guidelines pertaining to sports medicine
188.8.131.52.Rise in influx of athletes
184.108.40.206.Advancements in sports medicine
CHAPTER 4:Sports Medicine Devices Market, By Product
4.1.1.Market size and forecast
4.2.1.Key trends and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis, by country
220.127.116.11.Market size and forecast
4.2.5.Fracture Repair Devices
18.104.22.168.Market size and forecast
4.2.6.Artificial Joint Implants
22.214.171.124.Market size and forecast
126.96.36.199.Market size and forecast
4.3.Body Reconstruction and Repair
4.3.1.Key trends and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis, by country
188.8.131.52.Market size and forecast
4.3.5.Bone/Cartilage Repair and Reconstruction
184.108.40.206.Market size and forecast
4.4.Body Support and Recovery
4.4.1.Key trends and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis, by country
220.127.116.11.Market size and forecast
4.4.5.Support Devices and Braces
18.104.22.168.Market size and forecast
22.214.171.124.Market size and forecast
4.5.Body Monitoring and Evaluation
4.5.1.Key trends and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis, by country
126.96.36.199.Market size and forecast
188.8.131.52.Market size and forecast
184.108.40.206.Market size and forecast
220.127.116.11.Market size and forecast
18.104.22.168. Market size and forecast
4.6.1. Key trends and opportunities
4.6.2.Market size and forecast
4.6.3.Market analysis, by country
CHAPTER 5:Sports Medicine Devices Market, By Application
5.1.1.Market size and forecast
5.2.1.Market size and forecast
5.2.2.Market analysis, by country
5.3.1.Market size and forecast
5.3.2.Market analysis, by country
5.4.1.Market size and forecast
5.4.2.Market analysis, by country
5.5.1.Market size and forecast
5.5.2.Market analysis, by country
5.6.1.Market size and forecast
5.6.2.Market analysis, by country
5.7.1.Market size and forecast
5.7.2.Market analysis, by country
5.8.1.Market size and forecast
5.8.2.Market analysis, by country
CHAPTER 6:Sports Medicine Devices Market, By region
6.1.1.Market size and forecast
6.2.1.Key trends and opportunities
6.2.2.North America market size & forecast, by country
22.214.171.124.U.S. market size & forecast, by product
126.96.36.199.U.S. market size & forecast, by application
188.8.131.52.Canada market size & forecast, by product
184.108.40.206.Canada market size & forecast, by application
220.127.116.11.Mexico market size & forecast, by product
18.104.22.168.Mexico market size & forecast, by application
6.2.3.North America market size & forecast, by product
6.2.4.North America market size & forecast, by application
6.3.1.Key trends and opportunities
6.3.2.Europe market size & forecast, by country
22.214.171.124.Germany market size & forecast, by product
126.96.36.199.Germany market size & forecast, by application
188.8.131.52.France market size & forecast, by product
184.108.40.206.France market size & forecast, by application
220.127.116.11.UK market size & forecast, by product
18.104.22.168.UK market size & forecast, by application
22.214.171.124.Italy market size & forecast, by product
126.96.36.199.Italy market size & forecast, by application
188.8.131.52.Spain market size & forecast, by product
184.108.40.206.Spain market size & forecast, by application
220.127.116.11.Russia market size & forecast, by product
18.104.22.168. Russia market size & forecast, by application
22.214.171.124. Rest of Europe market size & forecast, by product
126.96.36.199. Rest of Europe market size & forecast, by application
6.3.3.Europe market size & forecast, by product
6.3.4.Europe market size & forecast, by application
6.4.1.Key trends and opportunities
6.4.2.Asia-Pacific market size & forecast, by country
188.8.131.52.Japan market size & forecast, by product
184.108.40.206.Japan market size & forecast, by application
220.127.116.11.China market size & forecast, by product
18.104.22.168.China market size & forecast, by application
22.214.171.124.Australia market size & forecast, by product
126.96.36.199.Australia market size & forecast, by application
188.8.131.52.India market size & forecast, by product
184.108.40.206.India market size & forecast, by application
220.127.116.11.South Korea market size & forecast, by product
18.104.22.168.South Korea market size & forecast, by application
22.214.171.124.Taiwan market size & forecast, by product
126.96.36.199.Taiwan market size & forecast, by application
188.8.131.52.Rest of Asia Pacific market size & forecast, by product
184.108.40.206.Rest of Asia-Pacific market size & forecast, by application
6.4.3.Asia-Pacific market size & forecast, by product
6.4.4.Asia-Pacific market size & forecast, by application
6.5.1.Key trends and opportunities
6.5.2.LAMEA market size & forecast, by country
220.127.116.11.Brazil market size & forecast, by product
18.104.22.168.Brazil market size & forecast, by application
22.214.171.124.Turkey market size & forecast, by product
126.96.36.199.Turkey market size & forecast, by application
188.8.131.52.Venezuela market size & forecast, by product
184.108.40.206.Venezuela market size & forecast, by application
220.127.116.11.Saudi Arabia market size & forecast, by product
18.104.22.168.Saudi Arabia market size & forecast, by application
22.214.171.124.South Africa market size & forecast, by product
126.96.36.199.South Africa market size & forecast, by application
188.8.131.52.Rest of LAMEA market size & forecast, by product
184.108.40.206.Rest of LAMEA market size & forecast, by application
6.5.3.LAMEA market size & forecast, by product
6.5.4.LAMEA market size & forecast, by application
CHAPTER 7:Company profiles
7.1.1. Company overview
7.1.3.Operating business segments
7.2.3.Operating business segments
7.2.6.Key strategic moves and developments
7.3.3.Operating business segments
7.3.6.Key strategic moves and developments
7.4.Johnson & Johnson (Depuy Synthes)
7.4.3.Operating business segments
7.4.6.Key strategic moves and developments
7.5.3.Operating business segments
7.5.6.Key strategic moves and developments
7.6.Smith & Nephew Plc.
7.6.3.Operating business segments
7.6.6.Key strategic moves and developments
7.7.Mueller Sports Medicine, Inc.
7.7.4.Key strategic moves and developments
7.8.Orthofix International N.V. (Breg, Inc.)
7.8.3.Operating business segments
7.8.6.Key strategic moves and developments
7.9.Wright Medical Group, Inc.
7.9.3.Operating business segments
7.9.6.Key strategic moves and developments
7.10.Zimmer Biomet Holdings, Inc
7.10.3.Operating business segments
7.10.6.Key strategic moves and developments
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.
Rise in incidence of sports-related injuries in the young population majorly drives the growth of the sports medicine devices market. Moreover, sports injuries have become highly prevalent among the young population, owing to increase in participation in sports. In addition, increase in initiatives by governments of various countries to promote sports activities and rise in demand for minimally invasive surgeries boost the market growth. Furthermore, easily accessible and advanced treatment products related to sports medicine for quick & easy recovery fuel the demand for sports medicine. However, lack of skilled professionals as well as inappropriate administration and guidelines in the field of sports medicine hamper the growth of the market. On the contrary, rise in adoption of regenerative sports medicine is anticipated to offer profitable opportunities for the expansion of this market.
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.
Key Findings of the Study
The body support & recovery segment is anticipated to generate the second highest revenue during the forecast period.
The cardiac segment dominated the body monitoring & evaluation market, accounting for one-third of the total share in 2017.
North America dominated the market, accounting for maximum share of overall market in 2017.
Artificial joint implants serve to be the highest contributor to the orthopedic sports medicine devices market in 2017 and is expected to maintain this dominance throughout the forecast period.
Shoulder injury segment accounted for one-sixth of the total share in 2017, registering a CAGR of 5.4%.
Asia-Pacific witnessed the highest growth rate in the sports medicine devices market, and is expected to continue this trend during the forecast period. This is attributed to the increase in active participation in sports by people of this region. In addition, various market players focus on the opportunities offered by the sports industry of this region.
The major companies profiled in the report include 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.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.