Global Sports Medicine Market is Expected to Grow at 5.9% in the Forecast Period of 2020 to 2027

Sports Medicine Market is forecast to grow with factor such as increasing incidence of sports injuries. Sports medicine market is growing with factors such as in rising demand for minimally invasive surgeries, increasing adoption of arthroscopic surgeries, growing influx of new products and treatment modalities, along with this high cost of sports medicine products, risk associated with implant devices may obstruct the growth of the market in the given forecast period.

Global Sports Medicine Market Scenario

According to Data Bridge Market Research, the market for sports medicine in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Arthrex, Inc. which accounts an estimated market share of approximately 30% to 35% in the global. For instance, In February, Arthrex, Inc. announced that they have received the “Innovention Award” for the creation and development of the Surgical Outcome System (SOS). This is an Innovation Award that recognizes a Southwest Florida company that has invented, improved, or demonstrated an innovative and creative technology solution. This development helps the company to enhance its credibility in the market.

Sports Medicine Market Trends Impacting the Market

Now the question is which other regions that Arthrex, Inc., Smith & Nephew and Johnson & Johnson Services, Inc. are targeting? Data Bridge Market Research has estimated a large growth in North America sports medicine market and the market leaders targeting the U.S. to be their next revenue pockets for 2020.

The sports medicine market is becoming more competitive every year with companies such as Arthrex, Inc., Smith & Nephew and Johnson & Johnson Services, Inc. as they are the market leaders for sports medicine. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the sports medicine market.

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Sports Medicine Market Developments

  • In September 2020, Smith & Nephew announced that they have received product commercializing approval form National Medical Products Administration (NMPA) China to introduce REDAPT System for revision total hip arthroplasty (rTHA). This development helps the company to enhance its product category and generate adequate revenue for commercializing its products into the China market.
  • In September 2020, Stryker announced they have acquired Ivy Sports Medicine which engaged in a comprehensive minimally invasive meniscal repair platform. This development enhanced credibility as well as the product portfolio of the company.

Scope of the Sports Medicine Market

Sports medicine market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Turkey, Denmark, Portugal, Sweden, Austria, Czech Republic, Norway, Finland, and Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Egypt, Rest of Middle East and Africa.

  • All country based analysis of sports medicine market is further analyzed based on further segmentation. On the basis of product, the sports medicine market is segmented into body reconstruction products and body support and recovery products. On the basis of application, the sports medicine market is segmented into knee, hip, shoulder and elbow, foot and ankle, hand and wrist, back and spine injuries and other injuries. On the basis of procedure, the sports medicine market is segmented into knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures, hand and wrist arthroscopy procedures and others. On the basis of end user, the sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others.

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Key Pointers Covered in Sports Medicine Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study
  • Impact of COVID-19 in the market

Key Market Competitors Covered in the Report

  • Smith & Nephew
  • Zimmer Biomet
  • Stryker
  • Breg, Inc.
  • Medtronic
  • Bird & Cronin
  • Arthrex, Inc.
  • Wright Medical Group N.V.
  • Arthrosurface (A Subsidiary of Anika Therapeutics, Inc.)
  • Össur Corporate
  • Mueller Sports Medicine, Inc.
  • CONMED Corporation
  • Surgalign
  • Johnson & Johnson Services, Inc.
  • DJO, LLC (A Subsidiary of Colfax Corporation)

Above are the key players covered in the report, to know about more and exhaustive list of sports medicine companies’, contact us: https://www.databridgemarketresearch.com/toc/?dbmr=global-sports-medicine-market

Research Methodology: Global 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.

Primary Respondents

  • Demand Side: Sports Physicians, Healthcare Professionals, Hospitals, Product Manufacturers, Sales Managers and Industry Experts
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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