Global sports medicine market overview

Technavio’s market research analyst predicts the global sports medicine market to grow at a CAGR of more than 7% by 2020. One of the primary drivers for this market is the growing demand for minimally invasive (MI) surgeries. These are the most preferred procedures as they use power tools to carry out surgeries with small cuts, shortens the hospital stay post-surgery, reduces bleeding and recovery time, and enables a faster return to normal activities. There is an increased demand for these surgeries to treat sports complications related to the knee, hip, shoulder, elbow, and spine. The rise in the adoption of computer-assisted robotic surgeries and regenerative medicines for lesser recovery time is also propelling the growth of this market.

The market is witnessing high investments by vendors in the research activities. Based on the sports medicine industry trends, vendors are coming up with various new products with improved features and functions aimed at increasing their efficiency in healing. There is an increased preference for the use of MRI technology in treating sports injuries as it gives better diagnosis related to sports injuries. Many physicians are also using 3D-MRI techniques for better /image-guided procedures. The manufacturers are developing better technologies to ensure the zero-defect reliability of the diagnosing devices and to improve their accuracy.

Segmentation by application and analysis of the sports medicine market

• Knee
• Shoulder
• Hip
• Spine

The knee segment will dominate the market during the forecast period and is expected to occupy more than 20% of the overall market share. It is one of the fastest-growing segments in the market owing to the rise in sports activities. The knee is the most common site of injuries in young athletes. Some of the common knee injuries include ACL, MCL, cartilage damage, and meniscal tear. Factors such as the rise in the adoption of ACL surgery and other minimally invasive techniques will drive the segment for knee treatment in the market.

Geographical segmentation and analysis of the sports medicine market

• Americas
• APAC
• Europe
• MEA

During 2015, the MEA was the largest region in the sports medicine market and accounted for around 30% of the overall market share. Much of the region’s growth can be attributed to the growing popularity of bodybuilding and sports activities, coupled with various bodybuilding championships. The expansion of medical centers and organizations, hosting of medical conferences to create awareness, and the availability of low-cost manufacturing and favorable taxation are the key factors that will attract more foreign players in the region over the next four years.

Competitive landscape and key vendors

The market is characterized by the presence of diverse international and regional providers. Vendors in the market compete on various factors such as price, availability, brand, and variety. The vendors are focusing on developing efficient production techniques to minimize production costs and prevent cost overruns, thereby boosting their profit margins. Competition in the market is expected to intensify during the forecast period with an increase in product or service extensions, product innovations, and M&A.

Sports medicine market key players are

• Arthrex
• ConMed
• Depuy Synthes
• Smith & Nephew
• Stryker

Other prominent vendors in the sports medicine market are Anika Therapeutics, BSN medical, Breg, Cayenne Medical, Cramer Sports Medicine, DJO Global, Integra LifeSciences, Karl Storz Endoscopy, Medshape, Medtronic, Mueller Sports Medicine, Ottobock HealthCare, RTI Surgical, Sanofi, and Zimmer-Biomet.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global sports medicine market?
• What are the key market trends impacting the growth of the global sports medicine market?
• What are the challenges to market growth?
• Who are the key vendors in the global sports medicine market?
• What are the market opportunities and threats faced by the vendors in the global sports medicine market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of the global sports medicine market?

Technavio also offers customization on reports based on specific client requirement.

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