Transparency Market Research, in its latest research report states, the global sports medicine devices market will grow significantly in the coming years. The global sports medicine devices market was valued at US$6,100.6 million in 2012 and is expected to grow at a CAGR of 4.4% from 2013 to 2019, to reach US$8,284.0 billion by 2019. The report “Sports Medicine Devices Market (Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologics, Braces, Performance Monitoring Devices, Accessories, Other Recovery Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” is available for sale on the company’s website.
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Sports medicine devices market is a branch of pharmaceutical that specializes in managing sports injuries, their prolonged treatment, and devices for corrective measures. As there is an increasing awareness of healthy lifestyle and better health standards, people are looking at sports as a solution for attaining these. In the light of these changing perspectives, coaching in various kinds of sports is leading to the surge in sports medicine devices market. The new developments in the sports medicine devices market are aimed at preserving and protecting body structures of athletes from invasive procedures that alter or impair joints for a lifetime.
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Some of the other factors contributing to the growing sports medicine devices market are is increasing pool of geriatric population which is inclined towards living a long and healthy a life, by keeping diseases such as diabetes, obesity, and cardiovascular at bay. As these people are taking to sports to grow old in a healthier manner, they too are fueling the sports medicine devices market. However, the biggest restraint faced by sports medicine devices market is the reimbursement situation. As many medical insurance companies do not cover sports injuries in colleges and schools, which is leading many people to opt out of treatment. The rising cost of sports medicine devices is also leading to discouragement in growth of this market.
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The sports medicine devices market largely includes various devices from orthopedic branch of medicine and other recovery and support products used by doctors to treat complex sports injury. The orthopedic sports medicine devices market is inclusive of fracture repair devices, artificial joint implants, prosthetics, arthroscopy devices, and orthobiologics. On the other hand, the recovery and support sport medicine devices market is segmented into performance monitoring devices, braces, ultrasound therapy, cryotherapy, thermotherapy, electrical stimulation and compression clothing. The research report on sports medicine devices market also profiles some of the key players in the market such as Arthrocare, Arthrex, Biomet, Inc., Wright Medical Technology, Inc., Stryker Corporation, DJO Global, Ossur hf and Zimmer Holdings, Inc, and OttoBock Healthcare GmbH.