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
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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 field of healthcare that improves the physical fitness of an individual to perform better while doing any type of physical activity or exercise. Sports medicine healthcare professionals include physical therapists, certified athletic trainers, and nutritionists. The sports medicine healthcare providers not only work with professional athletes but with children, teens involved in various sports, and adults who exercise daily for physical fitness. They also treat people who have physically demanding jobs like construction workers. Sports medicine providers guide individuals with proper nutrition and supplements, and treat injuries, such as fractures, heat illness, knee and shoulder injury, ankle sprain, tendonitis, and many more.
Forecast Analysis of the North America Sports Medicine Market
With the rising incidence of sports-associated injuries and active government initiatives in encouraging sports activities, the North America sports medicine market is expected to witness significant growth during the estimated period. Besides, the increasing awareness among people regarding physical fitness is further expected to bolster the growth of the market over the analysis period. Moreover, the growing demand for minimally invasive surgeries is expected to boost the growth of the market throughout the forecast period. However, the lack of skilled professionals in this field and inappropriate administration and guidelines regarding sports medicine may impede the growth of the North America sports medicine market during the analysis period.
According to the report published by Research Dive, the North America sports medicine market is anticipated to generate a revenue of $5,382 million and rise at a CAGR of 6.7% over the estimated timeframe from 2019 to 2025. The major players of the market include Wright Medical Group N.V, Smith & Nephew Plc, DJO Global, Inc., Stryker Corporation, Mueller sports medicine, Inc., Johnson & Johnson (Depuy Synthes), Breg, Inc., Arthrex, Inc., Zimmer Biomet Holdings, Inc., Conmed Corporation (Linvatec Corporation), and many more.
Key Developments of the North America Sports Medicine Market
The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the North America sports medicine market to grow exponentially.
For instance, in December 2021, DePuy Synthes, the orthopedic and neurosurgery company of Johnson & Johnson, acquired OrthoSpin, Ltd., a leading developer of robotic treatment systems. With this acquisition, the companies aimed to continue advancing innovation in the treatment for correcting complex bone lengthening, setting complex fractures, and serving patients with new frame innovations and next-generation software.
In August 2021, Smith & Nephew Plc, a British multinational medical equipment manufacturing company, launched its latest sports medicine innovations for joint repair and arthroscopic enabling technologies during the annual meeting of the American Academy of Orthopaedic Surgeons 2021. The latest innovations include the latest technologies such as FAST-FIX◊ FLEX Meniscal Repair System, DOUBLEFLO◊ Inflow/Outflow Pump, REGENETEN◊ Bioinductive Implant, CAP-FIX◊ Suture Passer, and SPORTPORT® Cannula.
In April 2022, Spire Orthopedic Partners, a growing national partnership of orthopedic practices that provides the support, capital, and operational resources, announced its collaboration with Peabody, a leading company based on Sports Medicine North (SMN) and its affiliated Orthopedic Surgical Center of the North. With this collaboration, the companies aimed to build a national network of market-leading orthopedic and spine surgeons exhibiting excellence in clinical care, innovation, and patient experience.
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