Sports Medicine Devices Market (Orthopedic Implants, Bone and Cartilage Reconstruction, Surgical equipment) worth $5.7 billion by 2017- New Report by MarketsandMarkets
(PRWEB) March 22, 2014 -- The Sports Medicine Market By Products & Application (2012-2017) [Bone, Cartilage, Ligament, Tendon Reconstruction and Repair, Braces, Hot and Cold Therapy, Topical Pain Relief, Compression Clothing, Bandages, Wraps and Tapes, Shoulder, Elbow-Wrist, Back-Spine, Hip-Groin, Knee, Ankle-Foot] Global Trends, Competitive Analysis analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, APAC and Rest of the World.
Browse 128 market data tables & spread across 293 pages and in-depth TOC of “Sports Medicine Devices Market"
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This report studies the sports medicine devices market (2012 – 2017). The 2011 sports medicine devices market is estimated to be at $3.3 billion and is predicted to grow at a CAGR of 9.3% to reach $5.7 billion by 2017.
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Modern sports medicine has evolved greatly and involves the usage of a variety of devices such as braces and splints to secure the injured area. The market for sports medicine involves implants used in repairing bone and cartilage reconstruction, such as artificial knee, cartilage, and meniscus in the knee. Ligament and tendon injuries are one of the most common soft tissue injuries in sports. These include sprains, strains, muscle pulls, cramps, muscle tears, ligament, and tendon tears, among others. The sports medicine market caters majorly to the soft injuries market and accounts for a significant share of the global sports medicine market. Arthroscopy is a minimally invasive procedure, which has become popular in demand due to its minimally invasive nature and the fact that the procedure can be used as a system for diagnosing the condition of the joint. This has contributing significantly to the global sports medicine market.
Knee application still holds the largest share among others due to the high frequency of ACL injuries along with other conditions such as rheumatoid arthritis, meniscal cartilage damage, and patellar chondromalacia.
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Sports is considered to have evolved from the practice for hunting and fighting. The need to compensate for free leisure time after collecting and consuming food led to the evolution of a variety of sports to showcase strength, prowess, skill, stamina, and endurance, among many other capabilities. Sports have evolved from the primitive nature of man to follow instincts, which, with the millennia, has refined into sports with rules and regulations in controlled environments.
The key players in the orthopedic sports medicine market are Arthrex (U.S.), Arthrocare (U.S.), Smith & Nephew (U.K.), Biomet (U.S.), DePuy Mitek (U.S.), ConMed Linvatec (U.S.), Stryker (U.S.), and Zimmer (U.S.), among others. The other sports medicine market segments are intensely competitive markets and highly fragmented in number of players. Mueller Sports (U.S.), McDavid Sports Medicine (U.S.), Shock Doctor (U.S.), Breg (U.S.), Cramer Sports (U.S.), DonJoy Bracing (U.S.), Bledsoe (U.S.), and Ossur (Iceland), among many others, are the key players in the orthopedic bracing, topical pain relief, compression clothing, and accessories segments.
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