Arthrex, Inc., Smith & Nephew and Johnson & Johnson Services, Inc., are Dominating the Global Sports Medicine Market in 2019

Global Sports Medicine Market is expected to grow with the CAGR of 5.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Sports medicine market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in sports medicine market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In June 2020, Smith & has launched Intellio connected tower platform. This is an advance that is used to connect as well as remotely control the major components of an arthroscopy surgical tower from outside the sterile field. This development has helped the company to enhance its product category and generate adequate revenue.

Arthrex, Inc. is dominating player in sports medicine market. The other key players existing in the market includes Smith & Nephew, Zimmer Biomet, Stryker, Breg, Inc., Medtronic, Bird & Cronin, 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 among others.

Sports Medicine Market Arthrex, Inc.

Arthrex, Inc. is headquartered in Florida, U.S. The company is engaged in the manufacturing and commercializing of orthopaedics products across the world. The company offer a variety of products in various product categories such as shoulder, knee, elbow, hand & wrist, foot & ankle, hip, orthobiologics, imaging & resection out of which shoulder, knee, elbow, hand & wrist, foot & ankle, hip, orthobiologics are the market focused category.

  • In February 2011, Arthrex, Inc. announced that they have received the “Innovention Award” for the creation and development of the Surgical Outcome System (SOS). This is an Innovention 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.

The company has wide global presence across the world as Asia-Pacific, Europe, North America, South America, Middle East and Africa.

Smith & Nephew

Smith & Nephew is headquartered in London, U.K and was founded in 1856. The company focuses towards designing, developing and selling medical devices. The company deals in multiple segments such as orthopaedics, sports medicine & ENT, advanced wound management, out of this sports medicine & ENT is the market focused segment. The company provide their product in multiple categories such as advanced wound management, orthopaedic reconstruction, robotics and digital surgery, sports medicine, trauma & extremities, ENT out of which orthopaedic reconstruction; sports medicine is the market focused category.

  • In September 2020, Smith & Nephew 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

The company has wide global presence across Asia, Europe, Middle East and Africa, Americas, Australasia with their Subsidiaries such as Blue Belt Technologies UK Limited (U.K.), Neotherix Limited (U.S.), Plus Orthopedics (U.K.) Limited (U.K.), Arthrocare Corporation (U.S.), Bioventus LLC (U.S.), Smith & Nephew Pty Limited (Australia), ArthoCare Medical Devices (Beijing) Co.Limited (China) among others.

Johnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. is headquartered in New Jersey, U.S and was founded in 1886. The company is engaged in the research and development, manufacturing and sale of the wide range of products in the health care field. The company has multiple business segments which are pharmaceutical, medical devices, consumer, out of which medical devices is market focused segment. The company provides products in various categories such as medical devices, consumer health products and pharmaceutical products, out of these medical devices is the market focused category.

  • In October 2017, Johnson & Johnson Services, Inc. announced that they have introduced an orthopedic platform to improve the clinical outcomes. This platform is specially designed to help the surgeons to drive improvements in orthopaedic care this development has helped the company to generate adequate revenue.

The company has presence in Europe, North America, Asia-Pacific, Middle East & Africa, and South America. The company has various subsidiaries such as Janssen Pharmaceutica (Belgium), Neutrogena (U.S.), DePuy Synthes Companies (U.S.), Ethicon Inc. (U.S.), Actelion (Switzerland) among others.