Growing Acceptance of Sports as a Career Benefits Global Sports Medicine Market

Published Date : May 08, 2017

ALBANY, New York, May 08, 2017 – announces the addition of a new report to its repository titled “MediPoint: Sports Medicine - Global Analysis and Market Forecasts”. The 243-page research publication takes a look at the prominent trends within the global market and the availability of various products and treatments solutions in the field of sports medicine. It also answers some of the pertinent questions clients may have, including which are the key technologies and new techniques in the market, which are the major patient segments, what is the size and share of regional markets, and who the leading market players in various product segments are.

The market for sports medicine is driven primarily by the rising incidence of sports-related injuries such as hip fractures, dislocations, and tendon and ligament tears. Along with increasing types of injuries, innovation in the field is also a major factor strengthening the sports medicine market. The development of implants, prosthetics, and monitoring devices are some such innovations that have taken the world by storm. Another factor that works in the market’s favor is the demand for minimally invasive surgeries. Industry experts have noted that there has been an inflow of investments in the sports medicine market in recent times as more and more vendors turn to research activities to develop new products and devices with improved functions and features.

Arthroscopy refers to a minimally invasive surgical technique involving joints. This rather common procedure among orthopedic surgeons is used to visualize, diagnose, and treat joint-related problems. There are multiple product segments reviewed in the report on the sports medicine market; these include arthroscopic shavers, arthroscopic implants, arthroscopic radio frequency wands, arthroscopes, arthroscopic fluid management systems, and arthroscopic visualization systems.

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The key regional markets studied in the report include India, the UK, Germany, Brazil, France, Spain, Japan, China, the US, and Italy. Countries such as Japan, the U.S., and the U.K. are some of the most prominent markets for sports medicine and growth in these markets can be attributed to increased focus of healthcare providers on trauma and associated injuries and state-of-the-art healthcare infrastructure. Many countries in Asia Pacific are also anticipated to witness strong growth owing to increasing acceptance of sports as a career option and growing awareness about sports-related injuries. The increasing presence of healthcare professionals across the region is also a major growth booster.

The report analyzes some of the leading players in the global sports medicine market, the prominent ones being Smith & Nephew, Biomet, Stryker, DePuy Mitek, Tornier, ArthroCare Corporation, Arthrex, and ConMed Corporation. Considering that there are a number of global and regional players in this market, vendors have been focused on developing unique, more effective, and affordable solutions, while also improving their own cost margins. As a rising number of companies resort to mergers and acquisitions, product innovations, product or service extensions, and aggressive advertising and marketing tactics, the sports medicine market is likely to witness a certain degree consolidation.

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