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North America Sports Medicine Market Report

RA00003

North America Sports Medicine Market by Product, Body Support and Recovery, Body Monitoring and Evaluation Devices, Application: Opportunity Analysis and Industry Forecast, 2018–2025

RA00003

Pages: 100

Jul 2019

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North America Sports Medicine Market Outlook - 2025

The North America sports medicine market was valued at $3,580 million in 2018 and is projected to reach $5,382 million by 2025, growing at a CAGR of 6.7% from 2019 to 2025.

Sports medicine is a field of healthcare, which aids in improving people’s athletic performance. Sport medicine products help people to recover from injuries related to sports & exercise, as well as prevent from future injuries. Before 20th Century, most of the sports teams were used to employ physicians for a team, however, since the late 20th century the sports medicine has emerged as a separate field of health care. In addition, sports medicine has witnessed significant growth among all other healthcare fields, as there are skilled professionals in this field who have the capability to treat all kinds of people, and not just athletes.

In May 2017, Stryker and AlloSource entered into partnership to distribute biologics for sports medicine procedures. The collaboration between Stryker and AlloSource enabled them to combine their unique areas of expertise to develop new ways to improve patient outcomes. The market players have adopted new product launches, product development, product approval, partnerships, agreement, and collaborations as its key business development strategies to guarantee their global dominance in sports medicine market.

The North America sports medicine market is expected to witness significant growth during the forecast period, due to rise in incidence of sports associated injuries, active government participation in encouraging sports activities, and increase in awareness among people regarding physical fitness. In addition, elevation in the demand for minimally invasive surgeries are expected to further supplements the North America sports medicine market growth over the forecast period. However, unfavorable reimbursement strategies, lack of skilled professionals in this field, and inappropriate administration and guidelines regarding sports medicine hamper the growth. Conversely, rising influx of athletes and technological advancements in sports medicine are expected to offer remunerative opportunities for the North America sports medicine market players.

The North America sports medicine market is segmented based on product and application. Based on product, it is classified into body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, and accessories. Body reconstruction & repair products are sub-segmented into implants, arthroscopy devices, fracture and ligament repair devices, prosthetic devices, and orthobiologics. Further, body support & recovery products are sub-segmented into thermal therapy products, brace and support devices, and compression clothing. Body monitoring and evaluation is sub-segmented into cardiac monitoring & evaluation, respiratory monitoring & evaluation, hemodynamic monitoring & evaluation, muscoskeletal monitoring & evaluation, and other monitoring & evaluation. Based on application, market is divided into knee injuries, shoulder injuries, ankle & foot injuries, elbow & wrist injuries, hip & groin injuries, back & spine injuries, and other injuries.

Product segment review

Based on product, the North America sports medicine market is classified into body reconstruction & repair, body support & recovery, body monitoring & evaluation, and accessories. The body reconstruction & repair products segment dominated the North America market in 2018 and is expected to continue this trend throughout the forecast period. This is attributed to maximum revenue generated by use of surgical equipment for the treatment of sports injuries. However, body monitoring & evaluation segment is expected to grow at the fastest pace from 2018 to 2025, owing to shift in preference for the use of latest body monitoring & evaluation devices.

Application segment review

Based on application, the North America sports medicine devices market is segmented into hand–wrist injury, shoulder injury, ankle–foot injury, arm–elbow injury, knee injury, back–spine injury, and hip–groin injury. The knee injury segment generated the highest revenue in 2018 and is expected to maintain this dominance throughout the forecast period. This is attributed to the fact that knee injury is considered to be one of the most common injuries that a sportsperson encounters, thus involving large-scale employment of sports medicine devices.

The market is highly competitive in nature, with major players focused on creating awareness regarding the sport medicine industry. Major players in the North America sport medicine market include Smith & Nephew Plc, Stryker Corporation, Johnson & Johnson (Depuy Synthes), Arthrex, Inc., Conmed Corporation (Linvatec Corporation), Zimmer Biomet holdings, Inc., Breg, Inc., Mueller sports medicine, Inc., DJO Global, Inc., and Wright Medical Group N.V.

Key Benefits for North America Sports Medicine Market :

  • America sport medicine market opportunities. This report provides a detailed quantitative analysis of the current market trends and North America sport medicine market forecast estimations from 2018 to 2025, which assists to identify the prevailing North
  • A comprehensive analysis of the factors that drive and restrain the growth of the North America sport medicine market is provided.
  • Country-wise North America sport medicine market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current North America sport medicine market trends and future market potential from 2018 to 2025 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the North America sport medicine market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of market.

North America Sports Medicine Market Segments:

By Product

  • Body Reconstruction and Repair
    • Implants
    • Arthroscopy Devices
    • Fracture and Ligament Repair Devices
    • Prosthetic Devices
    • Orthobiologics
  • Body Support and Recovery
    • Thermal Therapy Products
    • Brace and Support Devices
    • Compression Clothing
    • Monitoring Devices
    • Others
  • Body Monitoring and Evaluation Devices
    • Cardiac monitoring and evaluation devices
    • Respiratory monitoring and evaluation devices
    • Hemodynamic monitoring and evaluation devices
    • Muscoskeletal monitoring and evaluation devices
    • Other monitoring and evaluation devices
    • Accessories

By Application

  • Knee Injuries
  • Shoulder Injuries
  • Ankle and Foot Injuries
  • Back and Spine Injuries
  • Elbow and Wrist Injuries
  • Hip Injuries
  • Other Injuries

CHAPTER 1:  INTRODUCTION

              1.1.    REPORT DESCRIPTION

              1.2.    KEY MARKET SEGMENTS

              1.3.    KEY BENEFITS

              1.4.    RESEARCH METHODOLOGY

                         1.4.1.   Primary research

                         1.4.2.   Secondary research

                         1.4.3.   Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

              2.1.    CXO PERSPECTIVE

CHAPTER 3:    MARKET LANDSCAPE

              3.1.    MARKET DEFINITION AND SCOPE

              3.2.    KEY FINDINGS

                         3.2.1.   Top investment pockets

                         3.2.2.   Top winning strategies

              3.3.    PORTER'S FIVE FORCES ANALYSIS

                         3.3.1.   Bargaining power of suppliers

                         3.3.2.   Threat of new entrants

                         3.3.3.   Threat of substitutes

                         3.3.4.   Competitive rivalry

                         3.3.5.   Bargaining power among buyers

              3.4.    MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING

              3.5.    MARKET DYNAMICS

                       3.5.1.     Drivers

                       3.5.2.     Restraints

                       3.5.3.     Opportunities

CHAPTER 4:    NORTH AMERICA SPORT MEDICINE MARKET BY PRODUCT

              4.1.    OVERVIEW

              4.2.     Body Reconstruction and Repair

                         4.2.1.   Key market trends, Growth factors and opportunities

                         4.2.2.    Implants

                         4.2.3.    Arthroscopy Devices

                         4.2.4.    Fracture and Ligament Repair Devices

                         4.2.5.    Prosthetic Devices

                         4.2.6.    Orthobiologics

                         4.2.7.   Market size and forecast

                         4.2.8.   Market analysis by country

              4.3.     Body Support and Recovery

                         4.3.1.   Key market trends, Growth factors and opportunities

                         4.3.2.    Thermal Therapy Products

                         4.3.3.    Brace and Support Devices

                         4.3.4.    Compression Clothing

                         4.3.5.    Monitoring Devices

                         4.3.6.    Other

                         4.3.7.   Market size and forecast

                         4.3.8.   Market analysis by country

              4.4.     Body Monitoring and Evaluation Devices

                         4.4.1.   Key market trends, Growth factors and opportunities

                         4.4.2.    Cardiac Monitoring and Evaluation Devices

                         4.4.3.    Respiratory Monitoring and Evaluation Devices

                         4.4.4.    Hemodynamic monitoring and evaluation devices

                         4.4.5.   Market size and forecast

                         4.4.6.   Market analysis by country

              4.5.     Accessories

                         4.5.1.   Key market trends, Growth factors and opportunities

                         4.5.2.   Market size and forecast

                         4.5.3.   Market analysis by country

CHAPTER 5:    NORTH AMERICA SPORT MEDICINE MARKET BY APPLICATION

              5.1.    OVERVIEW

              5.2.     Knee Injuries

                         5.2.1.   Key market trends, Growth factors and opportunities

                         5.2.2.   Market size and forecast

                         5.2.3.   Market analysis by country

              5.3.     Shoulder Injuries

                         5.3.1.   Key market trends, Growth factors and opportunities

                         5.3.2.   Market size and forecast

                         5.3.3.   Market analysis by country

              5.4.     Ankle and Foot Injuries

                         5.4.1.   Key market trends, Growth factors and opportunities

                         5.4.2.   Market size and forecast

                         5.4.3.   Market analysis by country

              5.5.     Back and Spine Injuries

                         5.5.1.   Key market trends, Growth factors and opportunities

                         5.5.2.   Market size and forecast

                         5.5.3.   Market analysis by country

              5.6.     Elbow and Wrist Injuries

                         5.6.1.   Key market trends, Growth factors and opportunities

                         5.6.2.   Market size and forecast

                         5.6.3.   Market analysis by country

              5.7.     Hip Injuries

                         5.7.1.   Key market trends, Growth factors and opportunities

                         5.7.2.   Market size and forecast

                         5.7.3.   Market analysis by country

              5.8.     Other Injuries

                         5.8.1.   Key market trends, Growth factors and opportunities

                         5.8.2.   Market size and forecast

                         5.8.3.   Market analysis by country

CHAPTER 6:    NORTH AMERICA SPORT MEDICINE MARKET BY COUNTRY

              6.1.    Overview

              6.2.   U.S. North America Sport Medicine Market

                        6.2.1.    Key market trends, growth factors and opportunities

                        6.2.2.   Market size and forecast by Product

                        6.2.3.   Market size and forecast by Application

              6.3.    Canada North America Sport Medicine Market

                        6.3.1.    Key market trends, growth factors and opportunities

                        6.3.2.   Market size and forecast by Product

                        6.3.3.   Market size and forecast by Application

              6.4.    Mexico North America Sport Medicine Market

                        6.4.1.    Key market trends, growth factors and opportunities

                        6.4.2.   Market size and forecast by Product

                        6.4.3.   Market size and forecast by Application

CHAPTER 7:    COMPANY PROFILES

              7.1.     Smith and Nephew Plc

                        7.1.1.    Company overview

                        7.1.2.    Business performance

                        7.1.3.    Key strategic moves and developments

              7.2.     Stryker Corporation

                        7.2.1.    Company overview

                        7.2.2.    Business performance

                        7.2.3.    Key strategic moves and developments

              7.3.     Johnson and Johnson

                        7.3.1.    Company overview

                        7.3.2.    Business performance

                        7.3.3.    Key strategic moves and developments

              7.4.     Arthrex, Inc.

                        7.4.1.    Company overview

                        7.4.2.    Business performance

                        7.4.3.    Key strategic moves and developments

              7.5.     Conmed Corporation

                        7.5.1.    Company overview

                        7.5.2.    Business performance

                        7.5.3.    Key strategic moves and developments

              7.6.     Zimmer Biomet Holdings, Inc.

                        7.6.1.    Company overview

                        7.6.2.    Business performance

                        7.6.3.    Key strategic moves and developments

              7.7.     Breg, Inc.

                        7.7.1.    Company overview

                        7.7.2.    Business performance

                        7.7.3.    Key strategic moves and developments

              7.8.     Mueller Sports Medicine, Inc.

                        7.8.1.    Company overview

                        7.8.2.    Business performance

                        7.8.3.    Key strategic moves and developments

              7.9.     Djo Global, Inc.

                        7.9.1.    Company overview

                        7.9.2.    Business performance

                        7.9.3.    Key strategic moves and developments

              7.10.     Wright Medical Group N.V.

                        7.10.1.    Company overview

                        7.10.2.    Business performance

                        7.10.3.    Key strategic moves and developments

      

Sports medicine is a branch of medicine that deals with the treatment of injuries sustained while participating in athletic activities. A sports medicine practitioner specializes in sports-related medical treatments. Preventative techniques like training and injury prevention, as well as treatments like injections, rehabilitation, and osteopathic manipulation may be used. Athletes with back discomfort are frequently treated by sports medicine physicians, due to strain and injury to the back caused by numerous sports such as golf, bicycle, running, and weight lifting.

Key Developments in the Industry

The key companies operating in the North America sports medicine market are adopting business tactics & several growth strategies such as partnerships, mergers & acquisitions, launches, and collaborations, to maintain a strong position in the overall market, which is subsequently assisting the market to grow across the world.

For instance, in May 2021, Mueller Sports Medicine, a pioneer in sports medicine for over 60 years, announced their collaboration with Zenith Technical Innovations to offer Therm-X, an all-in-one portable device that combines heat, cold, compression, and contrast therapy. This gadget maintains a consistent therapeutic temperature for patients without the risk of burning or freezing.

In February 2021, Mueller Sports Medicine, a pioneer in sports medicine for over 60 years, announced the release of the Mueller® Adjustable Posture Corrector device, which is intended to help improve posture not just for athletes, but also for persons working from home. The Mueller® Adjustable Posture Corrector offers moderate upper back support and can be used for a variety of activities where people may feel neck and shoulder pain.

In September 2016, Arthrex announced a partnership with NBC Sports to develop bespoke animations of orthopedic human anatomy for use during Thursday Night Football telecasts and NBC’s Sunday Night Football for the 2016 NFL season. Arthrex’s internationally acclaimed animations are utilized to educate audiences during conversations on player injuries.

Forecast Analysis of North America Sports Medicine Market

The North America sports medicine market is expected to witness a healthy growth and generate $5,382 million by 2025, owing to the rising occurrences of sports associated injuries, increasing awareness among people for physical fitness, and active government participation in encouraging sports activities. For instance, in May 2017, AlloSource and Stryker announced a collaboration to supply biologics for sports medicine operations. These two firms collaborated to find new approaches to improve patient outcomes by combining their complementary areas of expertise.

Furthermore, an increase in the demand for minimally invasive surgeries is likely to boost the growth of the North American sports medicine market during the forecast period. Furthermore, the growing number of athletes and technology improvements in sports medicine are likely to provide lucrative opportunities for the North American sports medicine market in the upcoming years. On the contrary, the growth of the market is expected to be hampered by unfavorable reimbursement techniques, a scarcity of experienced experts in this industry, and ineffective administration and guidelines in the field of sports medicine.

The key players operating in the North America industry include Wright Medical Group N.V., Smith & Nephew Plc, DJO Global, Inc., Stryker Corporation, Mueller sports medicine, Inc., Conmed Corporation (Linvatec Corporation), Johnson & Johnson (Depuy Synthes), Breg, Inc., Arthrex, Inc., and Zimmer Biomet holdings, Inc.

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