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(Medical-NewsWire.com, August 14, 2018 ) The key factors driving the growth of this market are increasing incidences of sports injuries, continuous influx of new products and treatment modalities, and development in the field of regenerative medicine. However, the high costs of orthopedic implants and other devices are restraining the growth of the market.
Full Repeort : https://www.marketsandmarkets.com/Market-Reports/sports-medicine-devices-market-751.html
Objectives of the Study
To define, describe, and forecast the sports medicine market on the basis of product, application, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
To profile the key players and analyze their market shares and core competencies
To track and analyze competitive developments such as product launches, approval, agreements, collaborations, and acquisitions in the global sports medicine market
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Research Methodology
Top-down and bottom-up approaches were used to validate the size of the global sports medicine market and estimate the size of other dependent submarkets. Various secondary sources such as World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), American College of Sports Medicine (ACSM), American Orthopedic Society for Sports Medicine (AOSSM), Australian Orthotic Prosthetic Association Ltd. (AOPA), U.S. National Library of Medicine (NLM), American Medical Society for Sports Medicine (AMSSM), Canadian Institutes of Health Research (CIHR), International Sport and Culture Association, Amsterdam Collaboration on Health & Safety in Sports (ACHSS), International Society of Arthroscopy, Knee Surgery and Orthopaedic Sports Medicine (ISAKOS), Indian Spinal Injuries Centre (ISIC), Association of Sports Institutes in Asia (ASIA), Australian Olympic Committee, National Sports Associations (NSA), Press Releases, directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.
Press Release : http://www.prnewswire.co.in/news-releases/sports-medicine-market-worth-824-billion-usd-by-2022-649206863.html
The sports medicine market is segmented on the basis of product, application, and region. On the basis of product, the global market is segmented into body reconstruction products, body support & recovery products, and accessories. The body reconstruction products segment is further categorized into implants, fracture & ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics. The orthobiologics segment is expected to grow at the highest CAGR during the forecast period. The high growth in this segment can be attributed to the recent developments in regenerative medicine, allografts, and stem cell therapy.
The body support & recovery products segment is further divided into braces and supports, compression clothing, and physiotherapy equipment. The physiotherapy equipment segment is further categorized into thermal therapy, electrostimulation, and other therapies.
Based on application, the market is segmented into shoulder, foot and ankle, elbow & wrist, back & spine, hip & groin, knee, and other injuries (head, face, and finger injuries). In 2017, the knee injuries segment is estimated to command the largest share of the sports medicine market. Growth in the knee injuries segment can be attributed to the increasing participation in sports like football and basketball at a younger age, resulting in high prevalence of knee injuries.
The elbow and wrist injuries segment is estimated to register the highest CAGR during to forecast period. This can be attributed to the increasing number of injuries in sports, like rowing, racquet sports, and golf, where there is a repetitive overuse of elbow and wrists.
The geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American region is expected to account for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the increased popularity of sports & physical activities, continued government support, investments in the field of sports awareness, and efforts to raise awareness on the prevention & treatment of sports injuries.
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Source: EmailWire.Com 
Source: EmailWire.com
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