(PharmaNewsWire.Com, December 04, 2017 ) The market is showcasing evident potential in the mentioned forecasting period. Sports medicine market consists of products and procedures that are used by both amateur and professional sportspersons all over the world. Typically, they help them in preventing and curing major ailments occurred due t76+he nature of the games. In some cases, they might enhance their performance also.
Along with usual suspects like Rising Healthcare expenditure and general awareness among people, new factors like demand for minimally invasive surgeries and technological advancement in implants are acting as the driving forces of the market. But high cost of new procedures and sub-standard infrastructure in some developing countries are constraining the growth of the market.
The Global market for Sports Medicine is categorized by Type into Reconstruction and Repair Products and Support and Recovery Products. Further Reconstruction and Repair Products are segmented into Implants, prosthetics, Arthroscopy, Fracture and Ligament repair and Orthobiologics while Support and Recovery Products are segmented as Braces, Compression clothing, Monitoring Devices, Topical Relief Pain and Thermal Therapy. Orthobiologics is the most promising segment of all, owing to rising global awareness of injuries in sports. USA, Europe and Japan with their dominant sporting cultures and developed economies occupy about three fourths of the market.
In addition, By Application the market is analysed as Head injuries, Shoulder injuries, Elbow and Wrist injuries, Back and Spine injuries, Hip and groin injuries, Knee injuries and Foot and Ankle injuries. Besides that, the market is segmented Geographically by Region into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa and analysed individually along with individual stats for major countries. As mentioned earlier, USA is the leading force in the market but Asia has a huge potential, considering the population figures and growing incidences of sports related injuries.
Sports Medicine is a universal requirement panning from low, medium to high income range countries. Some of the major players in this market are Smith & Nephew PLC, Arthrex, Inc., össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet, Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.
Scope of the Report • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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