Sports Medicine Market
Sports Medicine Market: North America to Lead the Global Market in Terms of Revenue: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2022)
- 2017-10-09
- REP-GB-5173
- 170 pages
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An Incisive, In-depth Analysis on the Sports Medicine Market
This study offers a comprehensive, 360 degree analysis on the Sports Medicine market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sports Medicine market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactSports medicine is also referred to as sports and exercise medicine, is a medical branch which is involved with prevention, treatment of injuries, physical fitness and other aspects related to exercise and sports. Sports medicine is an emerging field in the healthcare industry that is focused on enhancing the performance of athletes and also involves nutrition and training. It involves fields such as body monitoring, body evaluation, body reconstruction, recovery and support; to name a few application areas, it is used in ankle and foot injuries, hip injuries, knee injuries, shoulder injuries and back and spine injuries.
Future Market Insights has presented a holistic view of the sports medicine market by performing extensive research on this emerging healthcare field and its present scenario across the globe. The comprehensive research study reflects various analytics associated with sports medicine across important geographies by carrying out an in-depth market segmentation with the help of which future projections are, five years down the line from 2017-2022, are chalked that can assist the reader in making informed decisions based on the numbers and statistics in the research report. The report also focuses on macroeconomic aspects, developments, trends, drivers and product innovations influencing the growth of the global sports medicine market in the coming years.
According to the insightful research report on sports medicine, its global market is expected to soar at a significant pace during the forecast period. The global sports medicine market is expected to grow at a robust CAGR throughout the period of forecast 2017-2022 to reach a market evaluation of about US$ 8.4 Bn by the end of 2022.
Body Monitoring and Evaluation to Propagate at Higher Pace
The body monitoring and evaluation segment by product type is expected to grow at a faster rate throughout the period of forecast. This segment has picked up steam owing to increasing awareness regarding body performance during sports and the evaluation to assist in determining the correct measure to treat various injuries occurring during sports. This segment is poised to grow at a high CAGR of 7.6% throughout the period of forecast.
Body Reconstruction to cement its dominance in the coming years
Body reconstruction product type segment is expected to be the most lucrative and largest segment during the forecast period. This segment has shown a higher market share since 2016 than other product type segments. In 2017, this segment is estimated to reflect a market share a bit under 45% thus leading the global market and this trend is likely to continue over the period of forecast 2017-2022. Moreover, body reconstruction segment is expected to grow at a robust CAGR and also expected to gain the highest BPS by the end of the forecast period.
North America and APEJ to Grow at Same Pace, However, North America Leads the Way
The regional analysis in this report reveals that the Asia-Pacific excluding Japan (APEJ) region and North America region are projected to expand at same growth rates throughout the period of forecast. However, North America reflects higher attractiveness and is the leading segment with respect to demand generation as well as supply. This region is characterised by advanced technologies and developments in the sports medicine field that has resulted in increased propagation of sports medicines in the entire region, thus making it the largest region in the global sports medicine market. Both APEJ and North America are expected to witness potential growth in the coming years.
On the contrary, Europe region stands second to North America with respect to market share. It also represents significant growth in the coming years. Sports medicine in Europe market is projected to expand at a CAGR of 7% throughout the period of forecast.
Knee Injuries to Offer High Opportunities for Sports Medicines
According to the research, in 2017, sports medicines are widely used to treat knee injuries making it the most lucrative segment by application. The knee injury segment is projected to grow at a robust CAGR during the forecast period and is expected to dominate the global market with respect to market share by the end of 2022. Following this segment, shoulder injury segment is second in line with a significant market share in the forecast period. The back and spine injuries segment is anticipated to grow at the highest pace to register a CAGR of 8.2% during the period of forecast 2017-2022.
Competition at a Glance
The research report on global sports medicine market also covers a detailed competition landscape where company profiles, product details, developments and other important aspects of various key players are mentioned. Key companies like Breg Inc., Johnson & Johnson, Medtronic Plc, Wright Medical Group N.V., Mueller Sports Medicine, Inc., Zimmer Biomet Holdings, Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew Plc., and Arthrex, Inc., have been profiled.
The comprehensive research report on “Sports Medicine Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2022)”supports the reader by assisting him in slating and compiling all possible strategies in order to maintain the correct rhythm with the changing dynamics of the market in the present as well as few years down the line.
In-depth analysis at your doorstep!
The research report on the global sports medicine market focuses on the major trends, restraints, opportunities, threats, challenges, growth drivers, etc., across important geographies of North America, Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). It presents an unbiased view of the entire market by putting forth a realistic picture considering all angles including end user and competition across the globe. It becomes imperative to present the statistical data in the research report in a logical format to understand the pulse flowing through the market. Moreover, deep diving in the segments involved along with following a strong data mining process enables to sketch the possible future market direction and a complete scenario of the global sports medicine market with valuable insights and expert opinions that can deliver need based solutions. The research on the global sports medicine market is carried out keeping a predefined purpose having clarity about the market, and involves appropriate statistical data based on a predefined market definition.
Future Market Insights Follows a Strong Research Methodology
Secondary research is carried out extensively in the initial phase of the research process. This research helps the analysts to sketch a rough figure of the overall market and get an understanding of the market scenario covering all the angles of the market. Additionally, an extensive primary research is carried out and opinions from the key industry experts, market observers, etc. are obtained. The data obtained from these three arms is triangulated to obtain single data point as well as maximum accuracy. The data so gathered also undergoes re-evaluation during the primary interviews, wherein each data point is cross checked several times, and re-validated data is obtained which is near to 100 percent accuracy. This research process enhances the credibility of the researched material which enables the reader to make decisions form the actionable insights given in the study.
Market Nomenclature
The research report on global sports medicine market covers a detailed segmentation with the help of which several inferences about the market growth, regional scenario, sub segment breakdown, etc., can be drawn.
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Competition Dashboard supports maneuvering
The research report also includes a separate section focusing on the key players within the market. This section, called competitive analysis, uncovers all the major facts about the key companies involved in the activities pertaining to the global sports medicine market. Their product portfolio analysis, pricing strategies, marketing strategies, promotion tactics, expansion plans, geographical spread, recent developments and innovations, mergers and acquisitions, key strategies, revenue, market shares, and other financials are discussed which can give the reader a broad idea about the happenings of the respective company in this market based on which next moves can be planned. The companies included in this section are those which have enormous hold on the market and studying their tactics can definitely help the upcoming players to move up the ladder uncovering their new milestones.
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