The Sports Medicine Devices Market deals with the development of medical devices especially for sports persons. Sports medicine devices are a branch of medical science and also called as sport and exercise medicine. These are generally used to treat and prevent sports and exercise related injuries.
Based on the types, the sports medicine devices are segmented as orthopedic products, body support and recovery products, accessories, body evaluation & monitoring and others. These devices are either surgically implanted, externally attached or used for minimally invasive procedures such as arthroscopy. These products are used in wide range of applications such as ankle & foot injuries, elbow & wrist injuries, shoulder injuries, back & spine injuries, knee injuries, hip & groin injuries and some others.
Scope & Regional Forecast of the Sports Medicine Devices Market
The major growth driving factor for the Sports Medicine Devices Market is the increasing global adoption of western sports. Rising technological advancements and growing importance of sports activities in all most all developed and developing nations and rising need for sports monitoring devices are the additional growth factors for the market. As the sports injuries are increasing across the globe the demand for arthroscopic procedures is also increasing. Hence, these factor is expected to grow and to drive the healthy growth for the market.
However, the lack of trained professionals for sports medicine to handle the procedures perfectly, is the major factor that hinders the Sports Medicine Devices Market growth. In addition, higher prices of certain devices and particular medical products are also restraining the sports medicine market growth.
North America is dominating the Sports Medicine Devices Market by holding the largest market share. Europe holds the second largest share of this market followed by Asia-Pacific. America is expected to witness rapid growth as compared to other regions. Asia-Pacific is also expected to register significant growth during the forecast period due to increasing sports activities. Also, other emerging nations across the World expected to improve their growth rate due to rapid growth in countries like India, Brazil, China, Russia etc.
Segmentations & Key Players Involved in the Sports Medicine Devices Market
According to IndustryARC findings, the Sports Medicine Devices Market can be broken down into various segmentations on the basis of –
Type: Orthopedic Products, Body Support and Recovery Products, Accessories, Body Evaluation & Monitoring and Others.
Application: Ankle & Foot Injuries, Elbow & Wrist Injuries, Shoulder Injuries, Back & Spine Injuries, Knee Injuries, Hip & Groin Injuries and Others.
Region: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Sports Medicine Devices Market according to IndustryARC are as follows:
3M Company
COOLSYSTEMS, INC.
FH Orthopedics Inc.
GE Health-care
Zensorium
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