Sports Medicine Devices Market is expected to reach $12,730 Million By 2025 _____________________________________________________________________________________
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 branch of healthcare, which deals with enhancing athletic performance and improving physical fitness. Sport medicine products promote early recovery of injuries and prevent the risk of future injuries. In addition, they are applicable across all other healthcare fields, as professionals in this field not only treat athletes but also patients suffering from various ailments.
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Product segment review Based on product, the global sports medicine market is classified into orthopedic devices, body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, accessories. These sports medicine products are essentially utilized across various medical settings to repair and restore functions of the injured parts of the body. The body reconstruction & repair products segment dominated the global market in 2017 and is expected to continue this trend throughout the forecast period. This is attributed to maximum revenue generated by use of surgical equipment for the treatment of sports injuries. However, body monitoring & evaluation segment is expected to grow at the fastest pace from 2018 to 2025, owing to shift in preference for the use of latest body monitoring & evaluation device
Application segment review Based on application, the global sports medicine devices market is segmented into hand‐ wrist injury, shoulder injury, ankle‐foot injury, arm‐elbow injury, knee injury, back‐spine injury, and hip‐groin injury. The knee injury segment generated the highest revenue in 2017 and is expected to maintain this dominance throughout the forecast period. This is attributed to the fact that knee injury is considered to be one of the most common injuries that a sportsperson encounters, thus involving large-scale employment of sports medicine devices.
Region segment review Region wise, the global sports medicine devices market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the major revenue contributor in 2017 and is anticipated to maintain its dominance throughout the forecast period, owing to higher adoption rate of sports medicines and increase in number of treatment procedures. However, Asia-Pacific is expected to possess the maximum market growth rate, due to surge in population, rise in awareness toward heath consciousness, increase in affordability, and improvement in healthcare facilities in the 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.
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