Market Analysis:
The India sports medicine market is expected to reach USD USD 554.2 million by 2022, from USD 201.7 million in 2015 growing at a CAGR of 15.5% from 2016 to 2022.
In 2016, the orthopedic braces and supports market is expected to dominate the market with 36.7% market share of the Indian sports medicine market.
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Market Segmentation: India Sports Medicine Market
• The India Sports Medicine Market is segmented based on product types, body area and end-user segments.
• On the basis of product type the market is segmented into orthobiologics, surgical devices, arthroscopy devices and orthopedic braces and supports. Orthobiologics are synthetic or biomaterials used as fillers or separately to align or reconstruct broken bones. They are widely used in the treatment of sports injuries such as ACL tear and others. The orthobiologics segment is further categorized into bone graft substitutes, visscosupplementation, bone marrow concentrate (BMC) and platelet rich plasma (PRP).
• The bone graft substitute sub segment dominates the India orthobiologics segment in 2015. The bone graft substitutes are further segmented into bone allografts, synthetic bone materials, demineralized bone matrix (DBM) and bone morphogenetic proteins (BMP).
• On the basis of body area market is segmented into knee, hip, shoulder and elbow, foot and ankle, spinal and, hand and wrist. The hip and knee segment is expected to dominate the market in 2016, and this trend is expected to continue in the forecasted years 2016 to 2022.
• Based on end-users the India Sports Medicine Market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others. The orthopedic clinics segment is expected to hold the major share of this market in 2015, owing to increased day care surgeries over inpatient arthroscopy procedures.
Competitive Landscape: India Sports Medicine Market
By Product Type
• Orthobiologics
• Bone Graft Substitutes,
• Viscosupplementation,
• BMC,
• PRP
Surgical Devices
• Plates and Screws,
• Arthroscopy Devices,
• Orthopedic Braces and Supports
By Body Area
• Knee,
• Hip,
• Shoulder & Elbow,
• Foot & Ankle,
• Wrist & Hand
By End Users
• Orthopedic Clinics,
• Hospitals,
• Ambulatory Surgical Centers,
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Major Players Operating in India Sports Medicine Market
• Arthrex, Inc.,
• Smith and Nephew,
• Medtronic,
• Depuy Synthes,
• Stryker,
• Conmed Corporation,
• Zimmer, Inc.,
• Japan MDM, Inc.,
• DJO Global,
• Ossur Corporate,
• Ottobock Healthcare GmbH,
• Breg, Inc.,
• Wright Medical Group N.V.,
• Mueller Sports Medicine, Inc.,
• Cramer Products, Inc.
• RTI Surgical
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