Dublin, June 15, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Sports Medicine Market 2016-2020" report to their offering.
The global sports medicine market to grow at a CAGR of 7.58% during the period 2016-2020.
Global Sports Medicine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The increase in sports activities and rise in the number of sports associations worldwide are some of the factors driving the market. Rising health awareness has led to more and more people opting for fitness regimes, which include participating in sports activities. Thus, the chances of sports-related injuries have increased, creating demand for sports medicine worldwide.
A key trend which will propel market growth is the rise in point-of-care testing in sports. Point-of-care testing encompasses a broad range of product types and diagnostic applications. The devices are standardized to minimize errors during diagnosis, thus playing a major role in improving a patient's quality of life. Point-of-care testing helps evaluate the baseline condition and the functional cost of exercise in specific conditions, and regulate the metabolic activity of the body related to sports-specific conditioning such as speed and strength. It also helps with training decisions, thereby enhancing athletic performance.
According to the report, a growth driver for the sports medicine market is the rising demand for minimally invasive techniques. Minimally invasive surgeries use power tools that enable doctors to carry out surgeries with small cuts. This shortens the hospital stay after surgery, reduces bleeding and recovery time, and enables a faster return to normal activities. There is an increased demand for these surgeries to treat sports complications related to knees, hips, shoulders, elbows, and spines. Technological advances such as dissolvable anchors and orthobiologics are also aiding in their demand. Computer-assisted robotic surgery is a rapidly growing trend mostly performed in developed countries.
Further, the report states that one challenge that could stunt market growth is the high cost of sports medicine. This poses a significant challenge, as most end-users in developing and underdeveloped countries cannot afford branded sports medicine devices because of their high costs, which affects the overall revenue of global sports medicine devices manufacturers.
To calculate the market size, we use the revenue generated from the sale of the following types of product categories:
- Reconstructive products
- Support and recovery products
- Accessories
Key vendors
- Arthrex
- CONMED
- DePuy Synthes
- Smith & Nephew
- Stryker
Other prominent vendors
- Anika Therapeutics
- BSN medical
- Breg
- Cayenne Medical
- Cramer Sports Medicine
- DJO Global
- Integra LifeSciences
- Karl Storz Endoscopy
- Medshape
- Medtronic
- Mueller Sports Medicine
- Ottobock HealthCare
- RTI Surgical
- Sanofi
- ZimmerBiomet
For more information visit http://www.researchandmarkets.com/research/c2nctv/global_sports