Sports medicine is the branch of healthcare which deals with the enhancing people’s sporty performance. The products help people improve from injuries and also to prevent future injuries. Additionally, sports medicine has presented considerable growth among all other healthcare fields, as the professionals in the field have the competence to treat every kinds of people, and not the just athletes. Increasing demand for the sports medicine is observed over the years owed to the rise in occurrence of the sports related wounds along with rise in awareness among the people regarding physical fitness.
Additionally, government efforts pertaining to the sports medicine upsurge the participation of the athletes worldwide. Moreover, elevation in demand for the minimally invasive surgeries increases the market growth. However, absence of skilled professionals in the field, and in lack of guidelines and administration regarding the sports medicine hinder the growth.
Moreover, increasing use of wearable devices including fitness bands and various other sensors aids in monitoring the stress load and also, avoiding the fatigue induced wounds in the athletes has strengthen the growth of the market. For instance, company named Athletigen Technology, Inc., in Nova Scotia, works with numerous sportsmen to use collected information on the DNA for improving their health and performance, along with reducing incidences of the sport-related injuries. Such occurrences are anticipated to boost the market growth over forecast period.
Segment Overview
In 2019, body reconstruction and repair dominated sports medicine market. The segment includes devices such as soft tissue repair equipment, surgical equipment, and bone reconstruction devices. The market share was accredited to the growing usage of ligament and fracture repair devices, and increasing adoption of the arthroscopy devices in the minimally invasive surgeries.
Moreover, the accessories are expected to witness fastest growth during the forecast period. The segment largely includes products such as disinfectants, tapes, bandages, wraps, and other products vital for treating the minor sports injuries. The rising usage of Protection, Rest, Ice, Compression, and Elevation (PRICE) therapy as the immediate treatment for sports injury is leading factor driving growth of this segment.
Regional Overview
In 2019, North America dominated market with highest revenue share. The presence of well-established healthcare infrastructure with high spending power and availability of technologically advanced devices to treat various orthopaedic injuries are some of major factors driving the marketgrowth. For instance, Stryker Corporation, in 2018, has installed over than 650 Mako surgical robots all around the world and has completed above 76,900 hip and knee replacement procedures with the help of these robots.
However, Asia Pacific is expected to witness fastest growth over the forecast period as adoption rate of these sports medicine in developed and developing countries such as South Korea, China, and Japan is growing continuously. Furthermore, regulatory process for the product approvals is relatively less strict in these countries that has facilitated easy entry of the advanced products and the medical devices in the market.
Competitor overview
Arthrex, Inc., in 2019 led the market for the sports medicine, with highest market, followed by Smith and Nephew and the Stryker. The players have built vast product portfolio and also made their presence in all the major countries. Moreover, the companies are continually upgrading products to attract the new consumers that is further leading to their larger market share. Some other noticeable players includes Zimmer Biomet, DJO Global and Wright Group N.V.
These players adopted multiple strategies including product launches, mergers and acquisitions, and building a robust distribution network to reinforce their market positioning. In October 2018, Wright Medical Group N.V. finished the acquisition of the company Cartiva, Inc. (Cartiva), for strengthening company’s foot and ankle portfolio to create better opportunities for global extremities business.
Key Players
- Smith & Nephew Plc
- Stryker Corporation
- Johnson & Johnson (Depuy Mitek)
- Arthrex, Inc.
- Conmed Corporation
- Zimmer Biomet Holdings, Inc.
- Breg, Inc.
- Mueller Sports Medicine, Inc.
- DJO Global, Inc.
- Wright, Medical Group N.V.
Market Segmentation
By Product Type
- Body Reconstruction & Repair
- Body Support & Recovery
- Body Monitoring & Evaluation
- Accessories
- Knees
- Ankle And Booth
- Shoulder
- Back And Spine
- Hips
- Elbow And Wrist
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
1 Report Prologue 12
2 Introduction 18
- 2.1 Scope of Study 18
- 2.2 Research Objective 18
- 2.3 Assumptions & Limitations 18
- 2.3.1 Assumptions 18
- 2.3.2 Limitations 18
- 2.4 Market Structure 19
3 Research Methodology 20
- 3.1 Primary Research 21
- 3.2 Secondary Research 21
4 Market Dynamics 22
- 4.1 Drivers 22
- 4.1.1 Increasing prevalence of Sports Injuries 22
- 4.1.2 Increasing number of Sports Medicine Associations 23
- 4.1.3 Increasing Awareness 23
- 4.1.4 Technological development 23
- 4.2 Restraints 23
- 4.2.1 Lack of skilled professionals 23
- 4.2.2 High cost 23
- 4.3 Opportunities 24
- 4.3.1 Rise in influx of athletes 24
- 4.3.2 Technological advances in sports medicines 24
- 4.4 Threats 24
- 4.4.1 Introduction of small and medium sized companies 24
5 Market Factor Analysis 25
- 5.1 Porters Five Forces Analysis 25
- 5.1.1 Bargaining Power of Suppliers 26
- 5.1.2 Bargaining Power of Buyers 26
- 5.1.3 Threat of New Entrants 26
- 5.1.4 Threat of Substitutes 26
- 5.1.5 Intensity of Rivalry 27
6 Global Sports Medicine Market, By Product 28
- 6.1 Introduction 28
- 6.1.1 Joint Reconstructive & Repair Products 30
- 6.1.2 Body Support and recovery products 31
- 6.1.3 Accessories 32
7 Global Sports Medicines Market, By Application 33
- 7.1 Introduction 33
- 7.1.1 Shoulder Treatment 35
- 7.1.2 Knee Treatment 36
- 7.1.3 Hip Treatment 37
- 7.1.4 Spine Treatment 38
8 Global Sports Medicines Market, by Procedures 39
- 8.1 Introduction 39
- 8.1.1 Tendinosis 41
- 8.1.2 Tendon to Bone 42
- 8.1.3 Cartilage repair 43
9 Global Sports Medicines Market, By End User 44
- 9.1 Introduction 44
- 9.1.1 Hospital & Emergency Care 45
- 9.1.2 Trauma center 47
- 9.1.3 Ambulatory Care 48
10 Global Sports Medicine Market, By Region 49
- 10.1 Introduction 49
- 10.2 North America 51
- 10.2.1 Introduction 51
- 10.2.2 U.S. 55
- 10.2.3 Canada 57
- 10.2.4 South America 59
- 10.3 Europe 62
- 10.3.1 Introduction 62
- 10.3.2 Germany 66
- 10.3.3 France 68
- 10.3.4 U.K. 70
- 10.3.5 Italy 72
- 10.3.6 Spain 74
- 10.3.7 Rest of Western Europe 76
- 10.3.8 Eastern Europe 78
- 10.4 Asia-Pacific 81
- 10.4.1 Introduction 81
- 10.4.2 Japan 84
- 10.4.3 China 86
- 10.4.4 India 88
- 10.4.5 Republic of Korea 90
- 10.4.6 Australia 92
- 10.4.7 Rest of Asia Pacific 94
- 10.5 Middle East & Africa 97
- 10.5.1 Introduction 97
- 10.5.2 Middle East 100
- 10.5.3 Africa 102
11 Company Landscape 104
- 11.1 Introduction 104
12 Company Profile 107
- 12.1 Medtronics 107
- 12.1.1 Company Overview 107
- 12.1.2 Product/Business Segment Overview 107
- 12.1.3 Financial Overview 108
- 12.1.4 Key Development 109
- 12.2 Stryker 110
- 12.2.1 Company Overview 110
- 12.2.2 Product/Business Segment Overview 110
- 12.2.3 Financial Overview 111
- 12.2.4 Key Development 112
- 12.3 Zimmer Biomet 113
- 12.3.1 Company Overview 113
- 12.3.2 Product/Business Segment Overview 113
- 12.3.3 Financial Overview 114
- 12.3.4 Key Development 115
- 12.4 Conmed Corporation 116
- 12.4.1 Company Overview 116
- 12.4.2 Product/Business Segment Overview 116
- 12.4.3 Financial Overview 117
- 12.4.4 Key Development 118
- 12.5 DePuy Synthes 119
- 12.5.1 Company Overview 119
- 12.5.2 Product/Business Segment Overview 119
- 12.5.3 Financial Overview 120
- 12.5.4 Key Development 121
- 12.6 GE Healthcare 122
- 12.6.1 Company Overview 122
- 12.6.2 Product/Business Segment Overview 122
- 12.6.3 Financial Overview 123
- 12.6.4 Key Development 124
- 12.7 Smith & Nephew plc 125
- 12.7.1 Company Overview 125
- 12.7.2 Product Overview 125
- 12.7.3 Financials 126
- 12.7.4 Key Developments 127
- 12.8 Arthrex, Inc. 128
- 12.8.1 Company Overview 128
- 12.8.2 Product/Business Segment Overview 128
- 12.8.3 Financial Overview 129
- 12.8.4 Key Development 129
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
