Sports medicine market comprises products and devices used by professional or non-professional athletes or sports persons to prevent and protect themselves from injuries as well as devices that enhance performance. Sports medicine products play an important role in rehabilitation, recovery, protection, endurance, and monitoring of athletes while playing sports.
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In 2015, the body reconstruction & repair products segment is expected to account for the largest share of the global sports medicine market, by product, while the knee injuries segment is expected to account for the largest share of the sports medicine market, by application.
Sports Medicine Market, by Application
- Shoulder injuries
- Ankle & Foot injuries
- Elbow & Wrist injuries
- Back & Spine injuries
- Hip & Groin injuries
- Knee injuries
- Other injuries
In 2015, North America is expected to account for largest share of global sports medicine market, followed by Europe, Asia-Pacific, & Rest of the World (RoW). In coming years, sports medicine market is expected to witness highest growth rate in Asia-Pacific region, with emphasis on India, China, and Japan. Entry of international players, increasing government initiatives, and rising awareness regarding sports medicine in emerging nations like India and China are expected to drive market in these regions.
Over years, sports medicine market has witnessed various technological advancements made to ensure and provide better recovery and rehabilitative measures for injuries caused during sports or physical activities. These advancements have led to development of new products & therapies to treat sports injuries. Various market players are focusing on introduction of newer products and treatment options for sports injuries.
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Sports medicine market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various growth strategies (agreements, partnerships, joint ventures, geographic expansions, new product launches, and acquisitions) to increase their market shares and establish a strong foothold in the global market.
A number of key players are competing to secure larger shares of the market by launching new products. Arthrex, Inc. (U.S.), Smith & Nephew PLC (U.K.), DePuySynthes Companies (U.S.), Stryker Corporation (U.S.), and CONMED Corporation (U.S.) are the top five players of this market
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Report will enrich both established firms as well as new entrants/smaller firms to gauge pulse of market, which in turn helps firms garner a greater market share. Firms purchasing the report could use any one or a combination of below-mentioned five strategies(market penetration, product development/innovation, market development, market diversification, and competitive assessment)for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the sports medicine market. The report analyzes the sports medicine market, byproduct and application.
- Product Development/Innovation: Detailed insights on the upcoming R&D activities and new product launches in the sports medicine market
- Market Development: Comprehensive information on lucrative emerging markets. The report analyzes the markets for various sports medicine market technologies across regions
- Market Diversification: Exhaustive information on new products, untapped regions, recent developments, and investments in the sports medicine market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the sports medicine market
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