Sports Medicine Market

Sports Medicine Market by Product (Body Reconstruction (Arthroscopy devices, Implants), Body Support & Recovery Products (Physiotherapy Equipment, Compression Clothing, Braces & Supports)), Application and Region - Global Forecasts to 2024

Report Code: MD 1219 Jun, 2019, by marketsandmarkets.com
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[194 Pages Report] Sports medicine pertains to the treatment and prevention of injuries resulting from sports and athletic activities. Sports injuries involve both bone and soft tissue (ligament, tendon, & muscle) injuries. The sports medicine market includes devices that are used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of athletes.

The sports medicine market is expected to grow from USD 6.6 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 6.5% during the forecast period. Growth in the sports medicine market is primarily driven by factors such as the increasing incidences of sports injuries, continuous influx of new products & treatment modalities, and developments in the field of regenerative medicine.

Sports Medicine Devices Market

By product, body reconstruction products segment is expected to hold the largest share of the sports medicine market during the forecast period

Based on product, the sports medicine market is segmented into body reconstruction products, body support and recovery products, and accessories. Body reconstruction products comprise implants, fracture & ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics. Many contact sports such as football, rugby, and basketball involve injuries that require replacing the entire bone or cartilage tissue, muscle or tendon repair, and reconstruction. In several instances, the bone may be replaced with implants to give structural integrity to large areas. Also, it may involve the use of orthobiologics and scaffold reconstruction material in the injury area.

By application, the hip & groin injuries segment is estimated to register the highest CAGR during the forecast period

Hip & groin injuries are most common in sports that involve kicking or skating and sudden changes in direction and speed. The hip comprises a ball and socket joint that allows a wide range of motion. Several muscles attach the thigh bone to the hip. As a major weight-bearing joint, normal hip function is fundamental to successful sports participation. Strain, hip pointer, and labral tear are some of the common injuries of the hip. Groin pain may result from acute injury or repetitive trauma. Severe groin pain is commonly seen in sports that involve a sudden change in direction while running. Groin injuries often occur during forceful action, such as kicking, sprinting, and unexpected turn, of course, and other sporting movements where the muscle is being highly activated and/or stretched during forceful contraction.

Asia Pacific to register the highest CAGR of the sports medicine market during the forecast period

The Asia Pacific sports medicine market comprises Japan, China, India, Australia, and the Rest of Asia Pacific. The market in the APAC is growing, majorly due to the growth of the sports industry and overall participation. Sporting events such as the 2008 Beijing Olympics, 2018 Winter Olympics in Korea, and the upcoming 2020 Summer Olympics in Japan have increased the level of interest in sports in Asia.

The Asia Pacific is slated to register the highest CAGR during the forecast period. Japan is estimated to be the largest contributor to the sports medicine market in the Asia Pacific, followed by China.

North America to register the higher CAGR of the sports medicine market during the forecast period

The North American sports medicine market comprises the US and Canada. The US accounts for a significant share of the global sports medicine market because of the rising popularity of sports and physical activity among its youth, increased awareness regarding the prevention and treatment of sports injuries, and growth in investments in the field of sports medicine. Moreover, continued government support and the regular entry of advanced treatment options in the market are likely to propel the sports medicine market.

Market Dynamic

Driver: Increasing incidence of sports injuries

Globally, the incidence of sports injuries has increased over the last few years, primarily due to the growing participation in sports as well as active participation in fitness activities (as a result of the increasing focus on leading healthy lifestyles).

Some of the major sports injuries have been listed below:

  • Knee Injuries: Knee pain, ACL tear, quadriceps tendon inflammation, PCL (posterior cruciate ligament) injuries, menisci injuries, articular cartilage injuries, ligament injuries, patellar pain, and repeated dislocations
  • Foot and Ankle Injuries: Plantar fasciitis, heel pain, metatarsal fractures, Achilles pain, broken ankle, and sprained ankle
  • Calf and Shin Injuries: Calf pain and muscular cramps
  • Shoulder Injuries: Rotator cuff injuries, dislocations, inflammation of the biceps, shoulder pain, and clavicle fracture
  • Arm & Elbow Injuries: Tennis elbow and golfer’s elbow
  • Thumb & Wrist Injuries: Carpel tunnel syndrome, wrist bursitis, and metacarpal fractures

The incidence of ligament tears and fractures is high among people participating in sports. Also, the lower extremity constitutes a major portion of sports injuries, globally. With the increasing participation in sports (among children as well as adults) and subsequent growth in the incidence of sports injuries, the demand for injury management and rehabilitation is expected to increase across the globe. This is considered a positive indicator of the growth of the sports medicine market.

Restraint: High cost of orthopedic implants and other devices

Implants are medical devices that are surgically placed in the body to restore function by replacing or reinforcing a damaged structure. Orthopedic implants are used in various surgeries, such as knee and hip replacement surgeries and shoulder surgeries. However, the cost of these implants is a major concern for market growth in developing countries, where only a small section of the population is under insurance coverage—with an overall average cost of more than USD 12,000 in other developing countries, affording such a costly treatment is still a big challenge for the majority of the population. The cost of prosthetics is generally high, as they cannot be mass-produced. For instance, limb prosthetics are produced in relatively small numbers and made of custom materials, with a variety of componentry. Similar to implants and prosthetics, regenerative medicine procedures are also expensive. Such therapeutic procedures often require more than one treatment, thus raising their overall cost.

Opportunity: 3-D printed implants

3D printing has emerged as a major technology in recent years, and the 3D printing of implants is expected to have a significant impact in the orthopedics field. This is because 3D-printed implants have various advantages, such as customizations as per patient requirements, lower cost (as compared to commercially available implants), lower level of toxicity, and a higher level of acceptance in patients, and efficient and quick production.

Few of the recent developments in the 3D printing of implants have been mentioned below:

  • In May 2019, Kwambio (a Ukraine-based ceramic 3D printing service provider), in collaboration with WeFund Ventures (a European investment firm), launched a 3D bioprinting project called ADAM. This joint initiative aims at developing an end-to-end 3D scanning and 3D printing process for the production of artificial bones.
  • In February 2019, Tangible Solutions, a US-based contract 3D-printed implant manufacturer, expanded its facility in Fairborn, Ohio, to a fully functional 25,000 sq. ft. 3D printing facility. The company specializes in the production of 3D printed spinal implants and the design and manufacture of orthopedic devices.
  • In April 2017, Duke University (US) developed cartilage from 3D-printed hydrogel, which can be used in humans for knee implants.
  • In May 2016, Johnson & Johnson and Hewlett-Packard Company (US) announced a collaboration to manufacture personalized and customized 3D-printed products. The 3D-printed products business will include sports equipment as they can be customized according to the user’s body.

Challenge: Dearth of skilled professionals

In the sports medicine field, there is an increasing need for trained professionals with the relevant experience and knowledge about using orthobiologics and performing specific surgeries. Sports medicine surgeons provide diagnosis and treatment for musculoskeletal injuries and related disorders that are caused during sports activities. The lack of knowledge regarding the right choice of treatment incurs several direct and indirect expenses and increases the recovery time for patients. For instance, the severity of acute finger injuries is often underestimated when any of the radiographic views (anteroposterior, lateral, and oblique) are missed. Improper diagnosis and treatment of such injuries can cause deformity and dysfunction over time, and significantly affect the performance of athletes.

Scope of the Report

Report Metric

Details

Historical Year

2017

Base year considered

2018

Forecast period

2019-2024

Forecast units

USD Million/Billion (Value)

Segments covered

Product, Application, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Arthrex, Inc. (US), Smith & Nephew plc (UK), Stryker Corporation (US), Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US)

This research report categorizes the sports medicine market based on product, application, and region.

By Product

  • Body Reconstruction Products
    • Fracture and Ligament Repair Products
    • Arthroscopy Devices
    • Implants
    • Prosthetic Devices
    • Orthobiologics
  • Body Support and Recovery Products
    • Braces and Supports
    • Compression Clothing
    • Physiotherapy Equipment
      • Thermal Therapy
      • Electrostimulation
      • Other Therapies
        • Ultrasound Therapy
        • Laser Therapy
  • Accessories

By Application

  • Knee Injuries
  • Shoulder Injuries
  • Foot and Ankle Injuries
  • Elbow and Wrist Injuries
  • Back and Spine Injuries
  • Hip and Groin Injuries
  • Other Injuries

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • RoE
  • Asia Pacific
    • Japan
    • China
    • Australia
    • India
    • RoAPAC
  • Rest of the World

Key Market Players

Arthrex, Inc (US), Smith & Nephew plc (UK), and Stryker Corporation (US), Breg Inc. (US), DJO Global, Inc. (US)

Recent Developments

  • In 2019, Smith & Nephew acquired Brainlab (Germany). This strategic acquisition allowed both companies to accelerate research and development in the areas of digital surgeries and augmented reality.
  • In 2019, Arthrex, Inc entered into a partnership with Clemson University (US). Arthrex Inc., entered into a two-year program with the university to provide 10 USD 7,500 scholarships for students who will take courses and internships specifically tailored to the needs of the surgical device industry.
  • In 2018 Johnson & Johnson acquired Orthotaxy Technology (France). This deal is expected to leverage Orthotaxy to develop cost-effective, time-efficient, user-friendly offerings in a broad range of orthopedic procedures.
  • In 2018, Conmed Corporation launched TruShot with Y-Knot, under its Ligament Reconstruction (Fixation) segment- an all-in-one soft tissue fixation system for a small joint.
  • In 2018, Zimmer Biomet Holdings Inc. collaborated with Zimmer Biomet Apple (US) to launch a major clinical study. This study detailed patient experience and improved joint replacement procedures by the use of Zimmer Biomet mymobility’s Apple Watch app, Zimmer’s unique digital platform.

Key Questions Addressed

  • Which of the product segments will dominate the sports medicine market in the next five years?
  • Emerging countries have immense opportunities for the growth and adoption of sports medicine, will this scenario continue in the next five years?
  • Increasing availability and awareness of advanced technology in the emerging market is impacting the growth of developed markets. How will the pricing difference impact the overall market?
  • What are the upcoming technologies in the sports medicine market?
  • Which application segment will dominate the sports medicine market in the next five years?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Market Scope
           1.2.2 Markets Covered
           1.2.3 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Research Methodology Steps
           2.2.1 Secondary Data
                    2.2.1.1 Secondary Sources
           2.2.2 Primary Data
                    2.2.2.1 Primary Sources
                    2.2.2.2 Key Insights From Primary Sources
           2.2.3 Market Size Estimation Methodology
           2.2.4 Market Data Estimation and Triangulation
           2.2.5 Assumptions of the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 33)
    4.1 Market Overview
    4.2 Geographic Analysis: European Market Share, By Product (2019)
    4.3 Market Share, By Application, 2019 vs 2024
    4.4 Market Share, By Product, 2019 vs 2024
    4.5 Geographic Snapshot of the Market

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Incidence of Sports Injuries
                    5.2.1.2 Continuous Influx of New Products and Treatment Modalities
                    5.2.1.3 Developments in the Field of Regenerative Medicine
           5.2.2 Restraints
                    5.2.2.1 High Cost of Orthopedic Implants and Other Devices
           5.2.3 Opportunities
                    5.2.3.1 3D-Printed Implants
                    5.2.3.2 Expansion and Market Penetration Opportunities in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Dearth of Skilled Professionals

6 Market, By Product (Page No. - 44)
    6.1 Introduction
    6.2 Body Reconstruction Products
           6.2.1 Fracture & Ligament Repair Products
                    6.2.1.1 Fracture & Ligament Injuries are the Most Common Sports Injuries
           6.2.2 Arthroscopy Devices
                    6.2.2.1 Technological Advancements and the Development of New Products to Support Market Growth
           6.2.3 Implants
                    6.2.3.1 High Cost of Implants is A Major Concern Expected to Restrain Market Growth
           6.2.4 Orthobiologics
                    6.2.4.1 The Interest of Prominent Companies in the Field of Orthobiologics is Driving Innovation in the Segment
           6.2.5 Prosthetics
                    6.2.5.1 High Price of Prosthetics and an Unfavorable Reimbursement Scenario in Developing Nations May Restrain Market Growth
    6.3 Body Support & Recovery Products
           6.3.1 Braces & Supports
                    6.3.1.1 Wide Adoption of Braces and Supports to Treat Sports Injuries in Pre- and Post-Operative Cases is Driving Market Growth
           6.3.2 Physiotherapy Equipment
                    6.3.2.1 Thermal Therapy
                               6.3.2.1.1 Thermal Therapy is Widely Adopted as It is Inexpensive, Easily Accessible, and Portable
                    6.3.2.2 Electrostimulation
                               6.3.2.2.1 Technological Advancements in the Field of Electronics have Made Electrostimulation to Be an Essential Technique in Sports Medicine
                    6.3.2.3 Other Therapies
                               6.3.2.3.1 Ultrasound Therapy
                               6.3.2.3.2 Laser Therapy
           6.3.3 Compression Clothing
                    6.3.3.1 Compression Clothing is A Deterrent Against the Progression of Venous Disorders Such as EDEMA, Phlebitis, and Thrombosis
    6.4 Accessories
           6.4.1 The Market for Accessories is Highly Fragmented and Includes Medicated as Well as Non-Medicated Products

7 Market, By Application (Page No. - 64)
    7.1 Introduction
    7.2 Knee Injuries
           7.2.1 Knee Injuries are the Most Frequently Occurring Injuries in Sports
    7.3 Shoulder Injuries
           7.3.1 Increased Incidence of Shoulder Injuries in Contact Sports to Drive Market Growth
    7.4 Foot & Ankle Injuries
           7.4.1 Growing Participation in Sports has Resulted in the Increasing Number of Sports-Related Foot & Ankle Injuries
    7.5 Hip & Groin Injuries
           7.5.1 Hip & Groin Pain is A Common Complaint Among Athletes of All Ages and is Estimated to Account for 5–6% of All Sports Injuries
    7.6 Elbow & Wrist Injuries
           7.6.1 Elbow & Wrist Injuries are Common in Athletes Where Repetitive Extension and Flexion of the Elbows and Wrist is Seen
    7.7 Back & Spine Injuries
           7.7.1 Increasing Incidence of Spinal Cord Injuries to Support Market Growth
    7.8 Other Injuries

8 Market, By Region (Page No. - 74)
    8.1 Introduction
    8.2 North America
           8.2.1 US
                    8.2.1.1 US Holds the Largest Share of the North American Market
           8.2.2 Canada
                    8.2.2.1 The Growing Prominence of Regenerative Medicine and Stem Cell Therapy is Driving Market Growth in Canada
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 High Participation in Sports Activities has Contributed to Market Growth in Germany
           8.3.2 UK
                    8.3.2.1 Development of the Sports Medicine Sector has Become A Key Area for Government Organizations in the UK
           8.3.3 Rest of Europe
    8.4 Asia Pacific
           8.4.1 Japan
                    8.4.1.1 Japan has Shown Considerable Growth in Research on Sports Medicine
           8.4.2 China
                    8.4.2.1 Key Players are Focusing on the Chinese Market
           8.4.3 Australia
                    8.4.3.1 Rising ACL Injury Rate Will Drive Demand for Sports Medicine Products
           8.4.4 India
                    8.4.4.1 Government Initiatives to Support Sports Medicine Will Contribute to Market Growth in India
           8.4.5 Rest of Asia Pacific
    8.5 Rest of the World (RoW)

9 Competitive Landscape (Page No. - 128)
    9.1 Introduction
    9.2 Market Share Analysis
    9.3 Competitive Leadership Mapping (Overall Market)
           9.3.1 Visionary Leaders
           9.3.2 Innovators
           9.3.3 Emerging Companies
           9.3.4 Dynamic Differentiators
    9.4 Competitive Leadership Mapping (Emerging Players)
           9.4.1 Progressive Companies
           9.4.2 Starting/Emerging Blocks
           9.4.3 Responsive Companies
           9.4.4 Dynamic Companies
    9.5 Competitive Scenario
           9.5.1 Product Launches
           9.5.2 Acquisitions
           9.5.3 Partnerships, Agreements, and Collaborations

10 Company Profiles (Page No. - 137)
(Business Overview, Products Offered, Recent Developments, and MnM View)*
     10.1 Arthrex, Inc.
     10.2 Smith & Nephew PLC
     10.3 Depuy Synthes Companies (A Part of Johnson & Johnson)
     10.4 Stryker Corporation
     10.5 Breg, Inc.
     10.6 Conmed Corporation
     10.7 Zimmer Biomet Holdings, Inc.
     10.8 DJO Global, Inc. (Subsidiary of Colfax Corporation)
     10.9 Mueller Sports Medicine, Inc.
     10.10 Wright Medical Group N.V.
     10.11 RTI Surgical Holdings, Inc.
     10.12 Performance Health International Limited
     10.13 Bauerfeind AG
     10.14 Medtronic PLC
     10.15 KARL STORZ GmbH & Co.Kg

*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 187)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (106 Tables)

Table 1 Market, By Product, 2017–2024 (USD Million)
Table 2 Sports Medicine: Market for Body Reconstruction Products, By Region, 2017–2024 (USD Million)
Table 3 Sports Medicine: Market for Body Reconstruction Products, By Type, 2017–2024 (USD Million)
Table 4 Sports Medicine: Market for Fracture & Ligament Repair Products, By Region, 2017–2024 (USD Million)
Table 5 Market for Arthroscopic Devices, By Region, 2017–2024 (USD Million)
Table 6 Market for Implants, By Region, 2017–2024 (USD Million)
Table 7 Sports Medicine: Market for Orthobiologics, By Region, 2017–2024 (USD Million)
Table 8 Sports Medicine: Market for Prosthetics, By Region, 2017–2024 (USD Million)
Table 9 Sports Medicine: Market for Body Support & Recovery Products, By Region, 2017–2024 (USD Million)
Table 10 Sports Medicine: Market for Body Support & Recovery Products, By Type, 2017–2024 (USD Million)
Table 11 Sports Medicine: Market for Braces & Supports, By Region, 2017–2024 (USD Million)
Table 12 Sports Medicine: Market for Physiotherapy Equipment, By Region, 2017–2024 (USD Million)
Table 13 Sports Medicine: Market for Physiotherapy Equipment, By Type, 2017–2024 (USD Million)
Table 14 Sports Medicine: Market for Thermal Therapy, By Region, 2017–2024 (USD Million)
Table 15 Market for Electrostimulation, By Region, 2017–2024 (USD Million)
Table 16 Market for Other Therapies, By Region, 2017–2024 (USD Million)
Table 17 Market for Compression Clothing, By Region, 2017–2024 (USD Million)
Table 18 Market for Accessories, By Region, 2017–2024 (USD Million)
Table 19 Market, By Application, 2017–2024 (USD Million)
Table 20 Market for Knee Injuries, By Region, 2017–2024 (USD Million)
Table 21 Market for Shoulder Injuries, By Region, 2017–2024 (USD Million)
Table 22 Market for Foot & Ankle Injuries, By Region, 2017–2024 (USD Million)
Table 23 Market for Hip & Groin Injuries, By Region, 2017–2024 (USD Million)
Table 24 Sports Medicine: Market for Elbow & Wrist Injuries, By Region, 2017–2024 (USD Million)
Table 25 Sports Medicine: Market for Back & Spine Injuries, By Region, 2017–2024 (USD Million)
Table 26 Sports Medicine: Market for Other Injuries, By Region, 2017–2024 (USD Million)
Table 27 Sports Medicine: Market, By Region, 2017–2024 (USD Million)
Table 28 North America: Market, By Country, 2017–2024 (USD Million)
Table 29 North America: Market, By Product, 2017–2024 (USD Million)
Table 30 North America: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 31 North America: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 32 North America: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 33 North America: Market, By Application, 2017–2024 (USD Million)
Table 34 US: Market, By Product, 2017–2024 (USD Million)
Table 35 US: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 36 US: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 37 US: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 38 US: Market, By Application, 2017–2024 (USD Million)
Table 39 Canada: Market, By Product, 2017–2024 (USD Million)
Table 40 Canada: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 41 Canada: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 42 Canada: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 43 Canada: Market, By Application, 2017–2024 (USD Million)
Table 44 Europe: Market, By Country, 2017–2024 (USD Million)
Table 45 Europe: Market, By Product, 2017–2024 (USD Million)
Table 46 Europe: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 47 Europe: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 48 Europe: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 49 Europe: Market, By Application, 2017–2024 (USD Million)
Table 50 Germany: Market, By Product, 2017–2024 (USD Million)
Table 51 Germany: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 52 Germany: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 53 Germany: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 54 Germany: Market, By Application, 2017–2024 (USD Million)
Table 55 Indicative List of Recent and Upcoming Events in the Uk
Table 56 UK: Market, By Product, 2017–2024 (USD Million)
Table 57 UK: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 58 UK: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 59 UK: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 60 UK: Market, By Application, 2017–2024 (USD Million)
Table 61 Indicative List of Recent and Upcoming Events
Table 62 RoE: Market, By Product, 2017–2024 (USD Million)
Table 63 RoE: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 64 RoE: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 65 RoE: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 66 RoE: Market, By Application, 2017–2024 (USD Million)
Table 67 Asia Pacific: Market, By Country, 2017–2024 (USD Million)
Table 68 Asia Pacific: Market, By Product, 2017–2024 (USD Million)
Table 69 Asia Pacific: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 70 Asia Pacific: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 71 Asia Pacific: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 72 Asia Pacific: Market, By Application, 2017–2024 (USD Million)
Table 73 Japan: Market, By Product, 2017–2024 (USD Million)
Table 74 Japan: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 75 Japan: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 76 Japan: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 77 Japan: Market, By Application, 2017–2024 (USD Million)
Table 78 China: Market, By Product, 2017–2024 (USD Million)
Table 79 China: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 80 China: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 81 China: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 82 China: Market, By Application, 2017–2024 (USD Million)
Table 83 Australia: Market, By Product, 2017–2024 (USD Million)
Table 84 Australia: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 85 Australia: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 86 Australia: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 87 Australia: Market, By Application, 2017–2024 (USD Million)
Table 88 India: Market, By Product, 2017–2024 (USD Million)
Table 89 India: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 90 India: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 91 India: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 92 India: Market, By Application, 2017–2024 (USD Million)
Table 93 Indicative List of Recent Events
Table 94 RoAPAC: Market, By Product, 2017–2024 (USD Million)
Table 95 RoAPAC: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 96 RoAPAC: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 97 RoAPAC: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 98 RoAPAC: Market, By Application, 2017–2024 (USD Million)
Table 99 RoW: Market, By Product, 2017–2024 (USD Million)
Table 100 RoW: Body Reconstruction Products Market, By Type, 2017–2024 (USD Million)
Table 101 RoW: Body Support & Recovery Products Market, By Type, 2017–2024 (USD Million)
Table 102 RoW: Physiotherapy Equipment Market, By Type, 2017–2024 (USD Million)
Table 103 RoW: Market, By Application, 2017–2024 (USD Million)
Table 104 Product Launches (2016–2019)
Table 105 Acquisitions (2016–2019)
Table 106 Partnerships, Agreements, and Collaborations (2016–2019)


List of Figures (37 Figures)

Figure 1 Research Methodology: Market
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Market Share, By Product, 2019
Figure 8 Market, By Application, 2019 vs 2024 (USD Million)
Figure 9 Geographical Snapshot of the Market
Figure 10 Increasing Incidence of Sports Injuries to Drive Market Growth
Figure 11 Body Reconstruction Products to Account for the Largest Market Share in the European Sports Medicine Market in 2019
Figure 12 Knee Injuries to Dominate the Market in 2024
Figure 13 Body Reconstruction Products Segment to Account for the Largest Market Share in 2019
Figure 14 APAC to Register the Highest CAGR in the Forecast Period
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Body Reconstruction Products Segment to Dominate the Market During the Forecast Period
Figure 17 Orthobiologics Segment to Witness the Highest Growth During the Forecast Period
Figure 18 Physiotherapy Equipment Segment to Grow at the Highest CAGR During the Forecast Period
Figure 19 Knee Injuries Segment Will Continue to Dominate the Sports Medicine Applications Market During the Forecast Period
Figure 20 North America to Command the Largest Share of the Global Market in 2019
Figure 21 North America: Market Snapshot
Figure 22 Europe: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 RoW: Market Snapshot
Figure 25 Key Developments in the Market, 2016–2019
Figure 26 Market Share, 2018
Figure 27 Market (Global) Competitive Leadership Mapping, 2018
Figure 28 Market (Global) Competitive Leadership Mapping, Emerging Players, 2018
Figure 29 Smith & Nephew PLC: Company Snapshot
Figure 30 Johnson & Johnson: Company Snapshot
Figure 31 Stryker Corporation: Company Snapshot
Figure 32 Conmed Corporation: Company Snapshot
Figure 33 Zimmer Biomet Holdings, Inc.: Company Snapshot
Figure 34 DJO Global Inc.: Company Snapshot
Figure 35 Wright Medical Group N.V.: Company Snapshot
Figure 36 RTI Surgical Holdings, Inc.: Company Snapshot (2018)
Figure 37 Medtronic PLC: Company Snapshot (2018)

The study involved four major activities to estimate the current market size for sports medicine. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter market breakdown and data triangulation was used to estimate the market size of segments and subsegments

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, D&B, Bloomberg Business, and Factiva have been referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, and databases.

Primary Research

The sports medicine market comprises several stakeholders such as sports medicine manufacturing & developing companies, suppliers & distributors of sports medicine, third-party vendors, research institutes and academic centers, hospitals, clinics, ambulatory centers, home healthcare companies, market research companies. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents –

Sports Medicine Devices Market - Global Industry Dynamics

To know about the assumptions considered for the study, download the pdf brochure

Research Design

Sports Medicine Devices Market

Research Resource Matrix

PERSPECTIVE

PRIMARY RESEARCH

SECONDARY RESEARCH

 

 

  • DEMAND SIDE

Interviews With:

  • Orthopaedic Surgeons, Physiotherapists, Sports Medicine Surgeons, Hospital Administrators, and Purchase Officers
  • Personnel from ambulatory surgery centers, orthopedic clinics, and research organizations
  • World Health Organization (WHO)
  • Center for Disease Control and Prevention (CDC)
  • American College of Sports Medicine (ACSM)
  • American Orthopedic Society for Sports Medicine (AOSSM)
  • Australia Orthotic Prosthetic Association Ltd. (AOPA)
  • National Institute of Health (NIH)
  • American Medical Society for Sports Medicine (AMSSM)
  • Canadian Institute of Health Research (CIHR)
  • Amsterdam Collaboration on Health & Safety in Sports (ACHSS)
  • The International Society of Arthroscopy, Knee Surgery and Orthopaedic Sports Medicine (ISAKOS)
  • Indian Spinal Injuries Center (ISIC)
  • Association of Sports Institutes in Asia (ASIA)
  • Annual Reports, Presentation, Websites, and Press Releases of Top Players; News Articles; Journals; Paid Databases

 

 

  • SUPPLY SIDE

 

Interviews With:

  • Presidents, CEOs, Vice Presidents, Directors, General Managers, and Senior Managers
  • Product/Sales/Marketing/Business Development Managers; Distributors/Suppliers/Channel Partners; and Business Intelligence Consultants

Market Analysis Matrix

Qualitative Analysis

Quantitative Analysis

  • Analysis of the Sports Medicine Market based on Product, Application, and Region
  • Detailed information regarding major factors influencing the growth of the market (drivers, restraints, and opportunities)
  • Strategic analysis of the micro markets concerning individual growth trends, prospects, and contributions to the total market
  • Analysis of competitive landscape for market leaders
  • Competitive Leadership Mapping of key market players by comparing them on business strategy excellence and strength of their product portfolios in the Sports Medicine Market. This 2x2 matrix identifies them as Visionary Leaders, Dynamic Differentiators, Innovators, and Emerging companies
  • Competitive Leadership Mapping of smaller market players (global and regional) by comparing them on business strategy excellence and strength of their product portfolios in the Sports Medicine Market. This 2x2 matrix identifies them as Progressive, Responsive Dynamic, and Starting Blocks
  • Analysis of the competitive developments such as product launches, collaborations, and acquisitions, and research & development activities in the Sports Medicine Market
  • Overall Market Size and Forecast till 2024
  • Market Size and Forecast till 2024, By Product (Body Reconstruction Products, Body Support and Recovery Products, Accessories)
  • Market Size and Forecast, till 2024, By Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries, Other Injuries)
  • Geographic Market Revenue Forecast, By Product Type, at Regional and Country Level
  • Geographic Market Revenue Forecast, By Application, at Regional and Country Level

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the sports medicine market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the sports medicine industry.

Report Objectives

  • To define, describe, and forecast the 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 & approvals; agreements, partnerships, & collaborations; expansions; and acquisitions in the market
  • To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global sports medicine market report:

Product Analysis

  • Product matrix which gives a detailed comparison of the product portfolios of the top five companies

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
MD 1219
Published ON
Jun, 2019
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