North America Sports Medicine Market expected to reach USD 12.3 billion by 2022

According to Data Bridge Market Research new Market report “North America Sports Medicine Market, By Product Type (Orthobiologics (Bone Graft Substitutes, Viscosupplementation, BMC, PRP), Surgical Devices (Plates and Screws), Arthroscopy Devices, Orthopedic Braces and Supports), By Body Area (Knee, Hip, Shoulder & Elbow, Foot & Ankle, Wrist & Hand), By End Users (Orthopedic Clinics, Hospitals, Ambulatory Surgical Centers, Others), By Country (U.S., Canada, Mexico) – Trends and Forecast to 2022”, has accounted a market value of USD 7.3 billion in 2015 and is expected to grow to USD 12.3 billion in 2022, growing at a CAGR of 7.8% during the forecast period 2016 to 2022.

Access Full Report: http://databridgemarketresearch.com/reports/north-america-sports-medicine-market/North America Sports Medicine MarketSports medicines are used to prevent, diagnose, treat, and rehabilitate injured patients related to sports, exercise, or any other physical activity. Factors such as increasing trend towards fitness regimes, increased investments on R&D of sports medicine products, increased acceptance and clinical evidence of regenerative medicines such as PRP and BMC in U.S. and increased incidence of sports related injuries is expected to drive the North America sports medicine market.

Market Segmentation: North America Sports Medicine Market

  • The North America sports medicine market is segmented based on product types, body area and end-user segments.
  • On the basis of product type the market is segmented into orthobiologics, surgical devices, arthroscopy devices and orthopedic braces and supports. Orthobiologics are synthetic or biomaterials used as fillers or separately to align or reconstruct broken bones. They are widely used in the treatment of sports injuries such as ACL tear and others. The orthobiologics segment is further categorized into bone graft substitutes, visscosupplementation, bone marrow concentrate (BMC) and platelet rich plasma (PRP). The bone graft substitute sub segment dominates the North America orthobiologics segment with more that 67.8% share in 2015. The bone graft substitutes are further segmented into bone allografts, synthetic bone materials, demineralized bone matrix (DBM) and bone morphogenetic proteins (BMP).
  • On the other hand the surgical devices majorly constitute of plates and screws and other accessories. The arthroscopy devices segment is expected form a major part of the market owing to the paradigm shift towards minimally invasive procedures. The arthroscopy devices is further segmented into arthroscopy implants, arthroscopes (video and HDD), visualization systems, arthroscopy pumps and resection equipments. The orthopedic braces and supports are used in post operation rehabilitation or minor sports injuries. They are categorized into knee braces and supports (soft and hinged), foot and ankle braces and supports, spinal orthoses, upper extremity braces and supports and others.
  • The North America sports medicine market is also segmented based on body area into knee, hip, shoulder and elbow, foot and ankle and, hand and wrist. The hip and knee segment is expected to dominate the market with more than 62.3% market share in 2016, and this trend is expected to continue in the forecasted years 2016 to 2022.
  • Based on end-users the North America sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others. The orthopedic clinics segment is expected to hold the major share of this market in 2015, owing to increased day care surgeries over inpatient arthroscopy procedures in developed markets. The report also includes surgery numbers for U.S., Canada and Mexico for knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures and, hand and wrist arthroscopy procedures.
  • Based on geography the market is segmented into 3 countries U.S., Canada and Mexico. U.S. is expected to dominate the market with 91.1% market share in 2016, and will continue to be the leader in the forecast period 2016 to 2022.

Competitive Landscape: North America Sports Medicine Market

The sports medicine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments are: Breg renewed its contract with Orthotic and Prosthetic Group of America (OPGA), U.S, Smith & Nephew plc entered into a joint venture with Essex Woodlands, Smith & Nephew plc signed a commercial agreement with Blue Belt Technologies which manufactures navio orthopedic surgical systems, and Smith & Nephew plc acquired Arthocare among many others. The report includes market shares of sports medicine market for U.S., Canada and Mexico.

Some of the major players operating in this market are Arthrex, Inc., Smith and Nephew, Medtronic, Depuy Synthes, Stryker, Conmed Corporation, Zimmer, Inc., DJO Global, Ossur Corporate, Ottobock Healthcare GmbH, Breg, Inc., Tornier, Inc., Mueller Sports Medicine, Inc., Cramer Products, Inc., RTI Surgical among others.

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