Sports Medicine Device Trends and Forecast
The future of the global sports medicine device market looks promising with opportunities in the knee injury, shoulder injury, ankle-foot injury, back-spine injury, hand-wrist injury, hip-groin injury, and arm-elbow injury markets. The global sports medicine device market is expected to reach an estimated $10.8 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are demand for sports medications has increased as a result of an increase in the frequency of injuries related to sports and a growth in public awareness of physical fitness, government initiatives pertaining to sports medicines led to increase the participation of athletes worldwide, as well as, growth in interest in minimally invasive procedures.A more than 150-page report is developed to help in your business decisions. .
Sports Medicine Device by Segment
The study includes a forecast for the global sports medicine device by product, application, and region.Sports Medicine Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Orthopedic Devices
- Body Reconstruction and Repair
- Body Support and Recovery
- Body Monitoring and Evaluation
- Accessories
Sports Medicine Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Knee Injury
- Shoulder Injury
- Ankle-Foot Injury
- Back-Spine Injury
- Hand-Wrist Injury
- Hip-Groin Injury
- Arm-Elbow Injury
- Others
Sports Medicine Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Sports Medicine Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sports medicine device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sports medicine device companies profiled in this report include:- Wright Medical
- Johnson & Johnson
- Mueller Sports Medicine
- Smith & Nephew
- Zimmer Biomet
- Orthofix International
- CONMED
- Stryker
- DJO Global
- Arthrex
Sports Medicine Device Market Insights
The publisher forecasts that body reconstruction and repair will remain the largest segment over the forecast period due to shift in preference for the employment of cutting-edge body monitoring and assessment equipment.North America will remain the largest region over the forecast period due to greater uptake of sports medications and a rise in the quantity of therapeutic interventions.
Features of the Global Sports Medicine Device Market
- Market Size Estimates: Sports medicine device market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Sports medicine device market size by product, application, and region in terms of value ($B).
- Regional Analysis: Sports medicine device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the sports medicine device market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sports medicine device market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the sports medicine device market size?Answer: The global sports medicine device market is expected to reach an estimated $10.8 billion by 2030.
Q2. What is the growth forecast for sports medicine device market?
Answer: The global sports medicine device market is expected to grow with a CAGR of 6.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sports medicine device market?
Answer: The major drivers for this market are demand for sports medications has increased as a result of an increase in the frequency of injuries related to sports and a growth in public awareness of physical fitness, government initiatives pertaining to sports medicines led to increase the participation of athletes worldwide, as well as, growth in interest in minimally invasive procedures.
Q4. What are the major segments for sports medicine device market?
Answer: The future of the global sports medicine device market looks promising with opportunities in the knee injury, shoulder injury, ankle-foot injury, back-spine injury, hand-wrist injury, hip-groin injury, and arm-elbow injury markets.
Q5. Who are the key sports medicine device market companies?
Answer: Some of the key sports medicine device companies are as follows:
- Wright Medical
- Johnson & Johnson
- Mueller Sports Medicine
- Smith & Nephew
- Zimmer Biomet
- Orthofix International
- CONMED
- Stryker
- DJO Global
- Arthrex
Answer: The publisher forecasts that body reconstruction and repair will remain the largest segment over the forecast period due to shift in preference for the employment of cutting-edge body monitoring and assessment equipment.
Q7. In sports medicine device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to greater uptake of sports medications and a rise in the quantity of therapeutic interventions.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sports medicine device market by product (orthopedic devices, body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories), application (knee injury, shoulder injury, ankle-foot injury, back-spine injury, hand-wrist injury, hip-groin injury, arm-elbow injury, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Sports Medicine Device Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Wright Medical
- Johnson & Johnson
- Mueller Sports Medicine
- Smith & Nephew
- Zimmer Biomet
- Orthofix International
- CONMED
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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