ALBANY, New York, February 11, 2016 /PRNewswire/ --
Transparency Market Research announces the release of a new
research report, titled "Sports Medicine Devices Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019". According to the report, the global sports medicine devices
market is anticipated to expand at a 4.40% CAGR from 2013 to 2019,
growing from a value of US$6.1 bn in
2012 to US$8.2 bn by 2019.
The global sports medicine devices market is fueled by several
factors including a rise in number of sports medicine associations,
growing awareness regarding fitness among the aged, increasing
motivation for sports activities for the disabled and physically
challenged, and support of online marketing. While development in
performance monitoring devices and innovations in prosthetics and
implants are likely to boost the sports medicine devices market in
the coming years, lack of reimbursement policies for academic
sports injuries and reduction in budget allocation for sports is
anticipated to limit the growth of the sports medicine devices
market during the forecast period.
Browse Industry Analysis and Forecast for Sports
Medicine Devices Market
at http://www.transparencymarketresearch.com/sports-medicine-device-market.html
Rise in technological advances and growing importance of sports
activities among the young as well as the older population as well
as focus on developing cost-conscious treatment methods currently
form major drivers for the growth of this market. Demand for
arthroscopic procedures is expected to grow in the near future
owing to the increase in geriatric population and sports injuries
across the globe. A rise in disposable incomes in developing
countries has boosted the confidence of OEMs towards these regions.
However, unfavorable reimbursement policies in developed countries
are expected to have negative impact on the market growth across
the globe. The global sports medicine devices market was valued at
USD 6,100.6 million in 2012 and is
expected to grow at a CAGR of 4.4% from 2013 to 2019, to reach an
estimated value of USD 8,284 million
in 2019.
On the basis of type of device, the sports medicine devices
market is bifurcated into orthopedic products and support and
recovery products. The segment of orthopedic products comprises
arthroscopy devices, artificial joint implants, prosthesis,
fracture repair devices, and orthobiologics. Among these,
arthroscopy devices held the largest share of the sports medicine
devices market. Pegged at a value of US$1.59
bn in 2012, this sub-segment is projected to develop at a
5.80% CAGR from 2013 to 2019. The market for prosthesis is
anticipated to expand at a rather slow pace during the forecast
period.
The segment of support and recovery products comprises
performance monitoring devices, braces, accessories, and others.
Braces held the largest share in this segment of the sports
medicine devices market and are forecast to have a 3.40% CAGR from
2013 to 2019. The market for accessories is predicted to expand the
least by 2019.
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Based on geography, the global sports medicine devices market is
segmented into Asia Pacific,
Europe, North America, and Rest of the World.
Accounting for the largest share of the overall market in 2012,
North America is projected to
dominate the sports medicine devices market in terms of revenue
through 2019. In 2012, this regional market was valued at
US$2.47 bn. Growing awareness among
the elderly regarding fitness and increasing incidence of sports
injuries make Asia Pacific and the
Rest of the World region the most lucrative markets for sports
medicine devices.
The leading players operating in the global sports medicine
devices market include ArthroCare Corporation, DJO Global, Inc.,
Ossur hf, BREG, Inc., OttoBock Healthcare GmbH, Smith & Nephew
PLC, Zimmer Holdings, Inc., Mueller Sports
Medicine, Inc., Skins International Trading AG, Wright
Medical Technology, Inc., DePuy Mitek, Inc., Biomet, Inc., Stryker
Corporation, 3M Company Ace Brand, Arthrex, Inc., and Conmed
Corporation.
Browse Research Article:
http://www.transparencymarketresearch.com/article/sports-medicine-device-market.htm
Sports Medicine Devices Market, by Type
- Orthopedic products
- Artificial joint implants
- Arthroscopy devices
- Fracture repair devices
- Prosthesis
- Orthobiologics
- Recovery and support products
- Braces
- Performance monitoring devices
- Accessories
- Others
Sports Medicine Devices Market, by Geography
- North America
- Europe
- Asia
- Rest of the World (RoW)
Other Reports by TMR:
- Pain Management Devices Market:
http://www.transparencymarketresearch.com/pain-management-drugs-devices.html
- Small Bone and Joint Orthopedic Devices
Market:
http://www.transparencymarketresearch.com/small-bone-joint-orthopedic-devices.html
- Spinal Trauma (High-energy Fractures) Devices
Market:
http://www.transparencymarketresearch.com/spinal-trauma-devices-market.html
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others. Each TMR research report provides clients with a 360-degree
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landscape, detailed segmentation, key trends, and strategic
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