Asia-Pacific Sports Medicine Market is Rising at 12.3% CAGR

Surging pool of sports persons suffering from the bone joints problem and bone deficiency are expected to bring in the business of USD 5,884.90 million in the anticipated time space of 2017 to 2024. This expansion of trade will stay in fruitful continuance of supreme yield for the next seven years. The rising technological advancements and expanding medical ventures will contribute in the strategic market growth of Asia-Pacific Sports Medicine Market.

Owing to this headway the market is expected to propel by 12.3% of annual growth rate in the forecasted period of 2017 to 2024. The hospital's division is foreseen to command the Asia-Pacific sports medicine market including 56% business share. This section is anticipated to expand at the most leading CAGR of 13.7% in the outlook period of 2017 to 2024. The accelerating dominance of healthcare industry to bar the chronic bone problems and provide better services for occurring tooth injuries while playing, through dental bone graft solutions is the foremost reason for global advancement of Asia-Pacific sports medicine.

Asia-Pacific Sports Medicine Market Scenario

According to Data Bridge Market Research the market for Asia-Pacific sports medicine is booming with the rising expenditure in the healthcare solutions. The injuries instances in the body area namely knee, hip, shoulder & elbow, foot & ankle and wrist & hand are expected to propel the market growth in the anticipated time frame of 2017 to 2024. The expansion of familiarity related to the bones and fractures problems can be healed faster by the sports medicine which is adding up the business growth globally.

The accelerating adoption of minimal invasive methods of operating namely arthroscopy helps in reduced bleeding and enhanced recovery time owed to this reason, the Asia-Pacific sports medicine market is flourishing. Trending rate of participation in sports to lead a healthy and fit life by emphasizing upon the physical activities is determining the sports medicine market in the emerging economies of Asia-Pacific. Regenerative medics have catapulted the market growth of sport injuries to zeniths height due to its effective results showed at the time of treatment. Certain factors are driving the Asia-Pacific sports medicine market in the anticipated period of 2017 to 2024.

These driving factors will be hindered by the few restraints such as high end cost required to avail the benefits and cure. The lack of familiarity with the benefits of sports medicine in the developing economies will also hamper the market growth in the expected time frame.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific (APAC) which is expected to bounce exponentially due to surging players’ penetration and government initiatives taken for helping the patients suffering spinal, cervical and bone injuries. Knee arthroscopic procedure market segment is expected to account for the largest share of 40.6% in Asia-Pacific sports medicine market. The Data bridge market research new reports highlight the major growth factors and opportunities in the Asia-Pacific sports medicine market.

For more analysis on the Asia-Pacific sports medicine market request for a briefing with our analysts

Asia-Pacific Sports Medicine Market Development and Acquisition  

  • In December 2019, the latest acquisition was traced between Conventus Orthopaedics, Inc. and IntraFuse, LLC. for the profitable elevation of the bone stimulator devices that will majorly help to solve sports fracture cases. Conventus Orthopaedics, Inc. is a prominent medical device manufacturing company that works in the realms of fracture treatment. They have completely procured the IntraFuse, LLC. which has recently achieved a milestone by developing an intramedullary implant for the minimum invasive reconstruction of fracture.     

Asia-Pacific Sports Medicine Market Scope

Asia-Pacific Sports Medicine Market is segmented on the basis of countries into China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific (APAC).

All country based analysis of Asia-Pacific sports medicine is further analyzed based on maximum granularity into further segmentation. On the basis of product, the Asia-Pacific sports medicine market is segmented into orthobiologics, surgical devices, arthroscopy devices, orthopaedic braces and supports. On the basis of body area, the Asia-Pacific sports medicine market is segmented into knee, hip, shoulder & elbow, foot & ankle and wrist & hand. On the basis of procedures, the market is segmented into knee arthroscopic procedures, hip arthroscopic procedures, shoulder and elbow arthroscopic procedures, foot and ankle arthroscopic procedures, and hand and wrist arthroscopic procedures. On the basis of end user, the Asia-Pacific sports medicine market is segmented into orthopedic clinics, hospitals, ambulatory surgical centers and others.

To know more about the study

Key Pointers Covered in the Asia-Pacific Sports Medicine Market Industry Trends and Forecast to 2024

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Arthrex, Inc.
  • Smith & Nephew
  • DePuy Synthes Companies
  • CONMED Corporation
  • Stryker
  • Johnson & Johnson Services
  • Bird & Cronin Inc.
  • Zimmer Biomet
  • Anika Therapeutics, Inc.
  • Breg, Inc
  • Mueller Sports Medicine, Inc.
  • Medtronic
  • Ossur

Above are the key players covered in the report, to know about more and exhaustive list of Asia-Pacific sports medicine companies’ contact us

Research Methodology of Asia-Pacific Sports Medicine Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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