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Sports Medicine Devices Market Expected to Reach USD 8.3 Billion Globally in 2019: Transparency Market Research

February 25, 2014

ALBANY, New York, February 25, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “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,” the global sports medicine devices market was valued at USD
6.1billion in 2012 and is expected to grow at a CAGR of 4.4% from 2013 to 2019, to reach
an estimated value of USD 8.3 billion in 2019.

Browse Global Sports Medicine Devices Market Report with Full TOC at

http://www.transparencymarketresearch.com/sports-medicine-device-market.html

Sports medicine refers to a branch of medical field involving physical fitness,
treatment and prevention of sports and exercise related injuries. A growing population
across the globe is creating a larger pool of talent exploited by better health,
nutrition, and coaching leading to thesurge in new medical device innovation in the
sporting arena. New treatments aimed at preserving joint structures may protect young
athletes from more invasive procedures. Alarge pool ofelderly population and their rising
awareness for health and fitness, in order to control disorders like diabetes and
obesity,contribute to the rise in number of injuries. This eventually will lead to growth
of the marketglobally.The reimbursement scenario however is posing a challenge to the
market growth. Most of the medial insurances do not cover sports injuries at school and
college level and have other clauses which exclude out of state treatment. Rising cost of
medical treatment and uncovered sports injuries have affected the parents support to
sports activities among children in school.

The global market for sports medicine deviceshas been studied from the perspective of
widely used orthopedic devices and number of procedures used to treat and recover from
sports injuries.The report provides a detailed analysis of orthopedic products such as
artificial joint implants, arthroscopy devices, fracture repair devices, prosthesis and
orthobiologics. Detailed analysis for recovery and support products has also been included
in the report. These products comprises braces, performance monitoring devices,
accessories and other recovery products.The other recovery products segment includes
thermotherapy, cryotherapy, ultrasound therapy, electric stimulation devices and
compression clothing.

In 2012, arthroscopy devices accounted for the largest share by revenue of the total
sports medicine devices market
[http://www.transparencymarketresearch.com/sports-medicine-device-market.html ]. The global
arthroscopy devices market was valued at USD 1.6 billion in 2012 and is expected to grow
at a CAGR of 5.8% from 2013 to 2019, to reach an estimated value of USD 2.4 billion in
2019. This market segment is followed by artificial joint implants and fracture repair
devicesowing to the rise in demand for joint replacement procedures andhigh incidence rate
of fractures. However, the product recalls caused due to factors such as corrosion,
implant loosening, wear, and manufacturing errors are expected to have a major impact on
the market revenue of these market segments.Braces form a major share of the recovery and
support products in sports medicine contributing to around 22% of the total market share
in 2012.A wide application of braces coupled with rising cost of rehabilitation has
propelled the orthotics market in sports medicine.

In terms of revenue, North America forms the largest market for sports medicine
devices with a share of around 40%. It is expected to maintain its position throughout the
forecast period propelled byrise in injuries due to variety of sports, coupled with
various increasing specialized sports medicine services.According toa research conducted
by Safe Kids Worldwide, around 1.3 million children were treated in emergency rooms for
sports related injuries in the year 2012 in U.S. alone. Europe forms the second largest
market for sports medicine devices, due to the increased demand for treatment and
prevention for sports injuries.Europe being the first preference for product launch owing
to favorable regulatory agency has an advantage over the more stringent U.S. FDA
regulations.

Asia-Pacific is expected to be the fastest growing region in the global sports
medicine devices market from 2013 to 2019, owing to the surge in sports injuries,
improving healthcare infrastructure, coupled with increasing fitness awareness amongst the
youth as well as elderly population. Owing to low cost manufacturing regions and favorable
taxation on the devices, these regions have been successful in attracting foreign players
to enter this lucrative market. Significant support from the governments of these nations
has also led to growth of this sector. This provides leverage for market growth in the
Asia-Pacific region.Expansion of medical centers, organizations and hosting of medical
conferences to create healthcare awareness is expected to the drive the sports medicine
market in the developing regions of Latin America, the Middle East and Africa.

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Arthrex, Arthrocare Corporation, Biomet, Smith and Nephew PLC, Zimmer, DepuyMitek,
Ottobock, DJO Global and Ossur are some of the key players dominating the global sports
medicine devices market. Moreover, a large number of new companies areon constant search
for innovative technologies for repair of damaged tendons, meniscus, ligaments,cartilage,
and other soft tissue structures in order toenter the sports medicine devices market.

The global sports medicine devices marketis segmented as follows:

Sports Medicine DevicesMarket, by Orthopedic Products

        - Artificial Joint Implants
        - Arthroscopy Devices
        - Fracture Repair Devices
        - Prosthesis
        - Orthobiologics

Sports Medicine Devices Market, by Recovery and Support Products

        - Braces
        - Performance Monitoring Devices
        - Accessories
        - Other Recovery Products
             - Thermotherapy
             - Cryotherapy
             - Ultrasound
             - Electric Stimulation Devices
             - Compression Clothing

Sports Medicine Devices Market, by Geography

        - North America
        - Europe
        - Asia-Pacific
        - Rest of the World (RoW)

Browse all Medical Devices Market Research Reports @

http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

About Us

Transparency Market Research is a global market intelligence company, providing global
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and trends analysis provides forward-looking insight for thousands of decision makers. We
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Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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