Published by Coherent Market Insights
Posted on September 20, 2021
The global sports medicine devices market is estimated to account for US$ 8,645.3 Mn in terms of value in 2020 and is expected to reach US$ 11,656.1 Mn by the end of 2027.
Sports Medicine Devices find extensive use in the treatment and prevention of sports-related injuries. As an integral part of this, various instruments, technologies, and implants are used to perform minimally invasive surgeries, including the repair of soft tissue injuries and degenerative conditions of the knee, shoulder, and hip. In 2015, the British medical equipment manufacturer, Smith & Nephew, launched the iQ-FIX All-suture anchor for procedures like rotator cuff repair in the shoulder and labral repair in the hip and shoulder. Consistent development of new products by manufacturers in the field of Sports Medicine Devices is a major growth propeller for the global Sports Medicine Devices market.
Among regions, Asia Pacific is poised to witness enormous growth in the global Sports Medicine Devices market over the projected timeline, supported by the growing participation of the populace in various international sports events, and rising awareness of a fit and healthy lifestyle among them. Events such as the 2008 Beijing Olympics augmented the inclination of people in this region towards sports. The regional market is predicted to gain further traction by virtue of the ascending number of sports events being held in India, for instance, the Indian Premiere League (IPL), Indian Super League (ISL), and Pro Kabaddi.
Request For Sample Copy Here: https://www.coherentmarketinsights.com/insight/request-sample/1116
Sports professionals and athletes are the primary adopters of the novel treatment methods emerging in this space. Less invasive methods of injury management are more preferable for faster recovery. Therefore, the minimally invasive and small incision replacement surgeries for improved rehabilitation and pain management are gaining higher popularity around the globe.
In July 2015, Mitek Sports Medicine Devices introduced two new arthroscopic surgery radiofrequency devices, namely, the VAPR TRIPOLAR 90 Suction Electrode and the VAPR ARCTIC Suction Electrode. These devices are known to improve soft tissue ablation and coagulation during arthroscopy surgeries.
Among product types, the body reconstruction products segment would acquire the largest share in the global Sports Medicine Devices market over the forecast timeline, as suggested by market experts. On the other hand, the knee injuries application segment accounted for the largest market share in 2016, owing to the growing incidence of knee-related sports injuries. According to the American Academy of Orthopedic Surgeons, 2014, nearly 90% of the people undergoing knee replacement surgeries experience a drastic reduction in pain, along with improved ability to perform daily chores post-surgery.
Get Flat USD 2000 OFF
Buy-Now this research report: https://www.coherentmarketinsights.com/promo/buynow/1116
Reasons to Purchase this Report:
Current and future of global Cancer Registry Software Market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period.
The latest developments, market shares, and strategies that are employed by the major market players.
Competitive Landscape
The leading vendor involved in the global Sports Medicine Devices market are Zimmer Biomet, Smith & Nephew Plc, Johnson & Johnson, Breg, Inc., Wright Medical Group N.V., Medtronic Plc, Stryker Corporation, Mueller Sports Medicine Devices, Inc., DJO, LLC, Conmed Corporation, and RTI Surgical, Inc.
These players are actively engaged in strategic acquisitions and collaborations in a bid to expand their product portfolios, with the introduction of new platform technologies. For instance, in April 2016, Zimmer Biomet Holdings, Inc. entered into a definitive agreement to acquire Arizona-based Cayenne Medical, Inc., with the intent to strengthen the company’s Sports Medicine Devices portfolio, with the launch of technologically advanced soft tissue reconstruction solutions.
Contact US:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Sports Medicine Devices Market Size to Expand to Revenue US$ 11,656.1 Mn at 6.8% CAGR by 2026; Increasing Launch of New Products Is Expected To Boost the Market Growth in North America appeared first on Gatorledger.
The global sports medicine devices market is estimated to account for US$ 8,645.3 Mn in terms of value in 2020 and is expected to reach US$ 11,656.1 Mn by the end of 2027.
Sports Medicine Devices find extensive use in the treatment and prevention of sports-related injuries. As an integral part of this, various instruments, technologies, and implants are used to perform minimally invasive surgeries, including the repair of soft tissue injuries and degenerative conditions of the knee, shoulder, and hip. In 2015, the British medical equipment manufacturer, Smith & Nephew, launched the iQ-FIX All-suture anchor for procedures like rotator cuff repair in the shoulder and labral repair in the hip and shoulder. Consistent development of new products by manufacturers in the field of Sports Medicine Devices is a major growth propeller for the global Sports Medicine Devices market.
Among regions, Asia Pacific is poised to witness enormous growth in the global Sports Medicine Devices market over the projected timeline, supported by the growing participation of the populace in various international sports events, and rising awareness of a fit and healthy lifestyle among them. Events such as the 2008 Beijing Olympics augmented the inclination of people in this region towards sports. The regional market is predicted to gain further traction by virtue of the ascending number of sports events being held in India, for instance, the Indian Premiere League (IPL), Indian Super League (ISL), and Pro Kabaddi.
Request For Sample Copy Here: https://www.coherentmarketinsights.com/insight/request-sample/1116
Sports professionals and athletes are the primary adopters of the novel treatment methods emerging in this space. Less invasive methods of injury management are more preferable for faster recovery. Therefore, the minimally invasive and small incision replacement surgeries for improved rehabilitation and pain management are gaining higher popularity around the globe.
In July 2015, Mitek Sports Medicine Devices introduced two new arthroscopic surgery radiofrequency devices, namely, the VAPR TRIPOLAR 90 Suction Electrode and the VAPR ARCTIC Suction Electrode. These devices are known to improve soft tissue ablation and coagulation during arthroscopy surgeries.
Among product types, the body reconstruction products segment would acquire the largest share in the global Sports Medicine Devices market over the forecast timeline, as suggested by market experts. On the other hand, the knee injuries application segment accounted for the largest market share in 2016, owing to the growing incidence of knee-related sports injuries. According to the American Academy of Orthopedic Surgeons, 2014, nearly 90% of the people undergoing knee replacement surgeries experience a drastic reduction in pain, along with improved ability to perform daily chores post-surgery.
Get Flat USD 2000 OFF
Buy-Now this research report: https://www.coherentmarketinsights.com/promo/buynow/1116
Reasons to Purchase this Report:
Current and future of global Cancer Registry Software Market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period.
The latest developments, market shares, and strategies that are employed by the major market players.
Competitive Landscape
The leading vendor involved in the global Sports Medicine Devices market are Zimmer Biomet, Smith & Nephew Plc, Johnson & Johnson, Breg, Inc., Wright Medical Group N.V., Medtronic Plc, Stryker Corporation, Mueller Sports Medicine Devices, Inc., DJO, LLC, Conmed Corporation, and RTI Surgical, Inc.
These players are actively engaged in strategic acquisitions and collaborations in a bid to expand their product portfolios, with the introduction of new platform technologies. For instance, in April 2016, Zimmer Biomet Holdings, Inc. entered into a definitive agreement to acquire Arizona-based Cayenne Medical, Inc., with the intent to strengthen the company’s Sports Medicine Devices portfolio, with the launch of technologically advanced soft tissue reconstruction solutions.
Contact US:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Sports Medicine Devices Market Size to Expand to Revenue US$ 11,656.1 Mn at 6.8% CAGR by 2026; Increasing Launch of New Products Is Expected To Boost the Market Growth in North America appeared first on Gatorledger.
Explore more articles in the Research Reports category
