Sport medicine is an area of medical practice concerned with treatment of injuries by sports activities. Sport medicine treatment includes treatment to injuries such as back pain, spine injuries, shoulder injuries, etc. caused by sport or other exercise. Sport medicine products are used by both athletes and non-athlete person.
Increasing incidence of injuries through sport activities is a key factor driving growth of the global sport medicine market. In addition, to enhance sporting performance among athlete, and avoid medical syndrome related to sports and other exercises is another major factor expected to drive growth of the sport medicine market.
However, high cost of treatment is a key factor restraining growth of the global sport medicine market. Additionally, stringent government regulation related to reimbursement policies and approval of drugs and other products are other factors expected to hamper growth of the global sport medicines market over the forecast period.
Technological advancement in sport medicines and R&D activities through innovative cost effective medicines product are presenting new opportunities for leading players in the global sport medicine market.
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The global sport medicines market report has been segmented on the basis of product, application, and region. On the basis of region, the global sport medicines market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is a dominant player in the global sport medicine market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed healthcare industry, presence of leading sport medicine manufacturers, and rise in number of injuries through sports and other exercise. Europe market accounts for the second largest revenue share contribution to the global sport exercise market followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in number of injuries through sport activities and increasing need for proper treatment for spine, knees injuries, and rise in government initiatives for the improvement of healthcare facilities in the region.
Prominent market players in the global sport medicines market include Smith & Nephew plc, Stryker Corporation, Johnson & Johnson Private Limited, Arthrex Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., DJO Global, Inc., and Wright, Medical Group N.V.
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