Global Sports Medicine Market

Global Sports Medicine Market: Focus on Products, Applications and 24 Countries Data: Analysis and Forecast, 2019-2026

The global sports medicine market was estimated to be $5.99 billion in 2018 and is expected to be $9.25 billion by 2026. It is expected to grow at a CAGR of 5.64% from 2019 to 2026.

SKU: BH106A
Published Year: 2019
 

Sports play an important part in the development of an individual and society. Sports is a physical activity which inculcates discipline, activeness, fitness, and team spirit among people. Playing sports is a common physical activity taken up by health-conscious individuals globally. Not only professional athletes, but children as well as adults play sports.  The physical activity involved while playing sports may lead to injuries among the players. Sports medicine is a branch of healthcare that deals with the prevention and treatment of sports injuries and the overall physical fitness of active sportspersons, affecting their functioning and performances, hence, sports medicine is specifically important for them. The treatment of injuries may involve the use of medical devices and pharmaceuticals. These medical devices include implants, arthroscopy devices, suture anchors, braces and support and many other accessories. With the rising awareness about sports and fitness, there has been an increased participation in sports even by the non-professional sportsperson and hence there is an increase in the need for the development of novel diagnostics, prevention techniques and treatment methods which are aimed specifically at sports injuries. The market has witnessed significant advancements in the past few years through the intervention of high-end technologies and medical devices. These advanced treatment methods have reduced time for the recovery.

The sports medicine market consists of various products that can be classified as reconstruction and repair, support and recovery products and accessories.

The BIS Research report on global sports medicine market includes an in-depth examination of the key ecosystem players, key strategies, and developments taking place in global sports medicine market. Additionally, the report includes an analysis of market dynamics (market drivers, opportunities, and challenges) and industry analysis. The market has been classified based on different application, such as knee, shoulder, foot and ankle, elbow and wrist, hip, and others. Region-wise, the market can be segmented into five distinct regions that include North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.

The purpose of the study is to gain a holistic view of the global sports medicine market in terms of various factors influencing it, such as key market trends, competitive and regulatory aspects of the market, and scientific innovations in sports medicine.  The scope of the report is centred upon conducting a detailed study of the solutions allied with sports medicine market, which involves techniques used in different applications of sports injuries. The global sports medicine market is segmented into three different parts: ‘by products’, ‘by application’, and ‘by region’. The report offers the reader an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken by the industry players into consideration before entering the market.

This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The regions that the market has been segmented into, has been  sub-segmented into various countries, and for each of these countries, the key market trends, list of the key players, as well as recent developments for these key players, have been discussed.

The answers to the following key questions can be derived from this report:

•    What is sports medicine? What are the products included in sports medicine?
•    What are the major market drivers, restraints, and opportunities in the global sports medicine market?
•    What were the market shares of the leading segments, and sub-segments of the global sports medicine market in 2018 and what will be its share in 2026? 
•    How will each segment of the global sports medicine market grow during the forecast period from 2019 to 2026, and what will be the revenue generated by each of the segments by the end of 2026?
•    What are the influencing factors that may affect the market share of the key players?
•    What are the key developmental strategies implemented by the key players to stand out in this market?
•    What are the major regulatory authorities/ associations/ consortiums affecting the sports medicine market?
•    Which product segment is expected to register the highest CAGR for the global sports medicine market? 
•    How has the market been segmented based on application? Which application segment had the largest share, and the fastest growth rate in the global sports medicine market?
•    Which region will contribute to the highest sales of the sports medicine during the forecast period and which will have the highest CAGR?

The key players that have been contributing significantly in the sports medicine market include Smith & Nephew, Stryker Corporation, DePuy Synthes, RTI Surgical, Osiris Therapeutics, Arthrex Inc., Bioventus LLC, Breg Inc., Ceterix Orthopedics Inc., CONMED Corporation, DJO LLC, General Electric Company, Johnson & Johnson, Mueller Sports Medicine, Inc., RTI Surgical, INC., Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc., among others.

    Executive Summary
    1    Market Overview
          1.1    Types of Sports Injuries
 
    2    Market Dynamics
          2.1    Drivers
                   2.1.1    Growing Incidence of Sports Injuries
                   2.1.2    Increasing Popularity of Minimally Invasive Surgery
                   2.1.3    Increased Awareness About Implants
                   2.1.4    Continuous Launch of New Products
                   2.1.5    Increasing Number of Sports Medicine association
          2.2    Restraints
                   2.2.1    High Cost of Treatment
                   2.2.2    Adverse Effects After Treatments
         2.3    Opportunities
                  2.3.1    Development in the Field of Regenerative Medicine
                  2.3.2    Automation of Surgeries
                  2.3.3    Development of Advanced Materials
 
    3    Competitive Landscape
          3.1    Key Developmental Strategies
                   3.1.1    Acquisitions
                   3.1.2    Agreements, Collaborations and Partnerships
                   3.1.3    Clinical Studies
                   3.1.4    Others
          3.2    Market Share Analysis
 
    4    Industry Insights
          4.1    Regulatory Organizations/ associations/ Consortiums
          4.2    Patent Landscape
 
    5    Global Sports Medicine (by Product)
          5.1    Body Reconstruction and Repair Devices
                   5.1.1    Implants
                   5.1.2    Arthroscopy Devices
                   5.1.3    Repair Devices
                   5.1.4    Orthobiologics
          5.2    Body Support and Recovery Devices
          5.3    Accessories
 
    6    Global Sports Medicine Market, (by Application)
          6.1    Knee
          6.2    Shoulder
          6.3    Foot and Ankle
          6.4    Hip
          6.5    Elbow and Wrist
          6.6    Others
 
    7    Global Sports Medicine Market (by Region)
          7.1    North America
                   7.1.1    The U.S.
                   7.1.2    Canada
          7.2    Europe
                   7.2.1    Germany
                   7.2.2    The U.K.
                   7.2.3    France
                   7.2.4    Spain
                   7.2.5    Italy
                   7.2.6    Austria
                   7.2.7    Switzerland
                   7.2.8    Belgium
                   7.2.9    The Netherlands
                   7.2.10   Sweden
                   7.2.11   The Rest-of-Europe
          7.3    Asia-Pacific
                   7.3.1    China
                   7.3.2    Japan
                   7.3.3    India
                   7.3.4    South Korea
                   7.3.5    New Zealand
                   7.3.6    Australia
                   7.3.7    The Rest-of-Asia-Pacific
          7.4    Latin America
                   7.4.1    Brazil
                   7.4.2    Mexico
                   7.4.3    Rest-of-Latin America
          7.5    The Rest-of-the-World (RoW)
                   7.5.1    Saudi Arabia
                   7.5.2    The U.A.E.
                   7.5.3    Russia
                   7.5.4    Israel
                   7.5.5    Others
 
    8    Company Profiles
          8.1    Overview
          8.2    Arthrex, Inc.
                   8.2.1    Company Overview
                   8.2.2    Role of Arthrex, Inc.in the Sports Medicine Market
                   8.2.3    SWOT Analysis
          8.3    Bioventus LLC
                   8.3.1    Company Overview
                   8.3.2    Role of Bioventus LLC in Sports Medicine Market
                   8.3.3    SWOT Analysis
          8.4    Breg, Inc.
                   8.4.1    Company Overview
                   8.4.2    Role of Breg, Inc. in Sports Medicine Market
                   8.4.3    SWOT Analysis
          8.5    Ceterix Orthopaedics Inc.
                   8.5.1    Company Overview
                   8.5.2    Role of Ceterix Orthopaedics Inc. in Sports Medicine Market
                   8.5.3    SWOT Analysis
         8.6    ConMed Corporation
                  8.6.1    Company Overview
                  8.6.2    Role of ConMed Corporation in Sports Medicine Market
                  8.6.3    Financials
                  8.6.4    Key Insights about Financial Health of the Company
                  8.6.5    SWOT Analysis
         8.7    DJO, LLC
                  8.7.1    Company Overview
                  8.7.2    Role of DJO, LLC in Sports Medicine market
                  8.7.3    SWOT Analysis
         8.8    General Electric Company
                  8.8.1    Company Overview
                  8.8.2    Role of General Electric Company in the Sports Medicine Market
                  8.8.3    Financials
                  8.8.4    Key Insights about Financial Health of the Company
                  8.8.5    SWOT Analysis
         8.9    JOHNSON & JOHNSON
                  8.9.1    Company Overview
                  8.9.2    Role of Johnson & Johnson in Sports Medicine Market
                  8.9.3    Financials
                  8.9.4    Key Insights about the Financial Health of the Company
                  8.9.5    SWOT Analysis
        8.10   Mueller Sports Medicine, Inc.
                  8.10.1    Company Overview
                  8.10.2    Role of Mueller Sports Medicine, Inc. in Sports Medicine Market
                  8.10.3    SWOT Analy sis
        8.11   Osiris Therapeutics, Inc.
                  8.11.1    Company Overview
                  8.11.2    Role of Osiris Therapeutics, Inc. in Sports Medicine Market
                  8.11.3    Financials
                  8.11.4    Key Insights About the Financial Health of the Company
                  8.11.5    SWOT Analysis
        8.12   RTI Surgical, INC.
                  8.12.1    Company Overview
                  8.12.2    Role of RTI Surgical, INC. in the Sports Medicine Market
                  8.12.3    Financials
                  8.12.4    Key Insights About Financial Health of the Company
                  8.12.5    SWOT Analysis
        8.13   Smith & Nephew plc
                  8.13.1    Company Overview
                  8.13.2    Role of Smith & Nephew plc, Inc. in Sports Medicine Market
                  8.13.3    Financials
                  8.13.4    Key Insights About the Financial Health of Company
                  8.13.5    SWOT Analysis
        8.14   Stryker Corporation
                  8.14.1    Company Overview
                  8.14.2    Role of Stryker Corporation in the Sports Medicine Market
                  8.14.3    Financials
                  8.14.4    Key Insights About Financial Health of the Company
                  8.14.5    SWOT Analysis
        8.15   Wright Medical Group N.V.
                  8.15.1    Company Overview
                  8.15.2    Role of Wright Medical Group N.V. Company in Sports Medicine Market
                  8.15.3    Financials
                  8.15.4    Key Insights About Financial Health of the Company
                  8.15.5    SWOT Analysis
        8.16   Zimmer Biomet Holdings, INC.
                  8.16.1    Company Overview
                  8.16.2    Role of Zimmer Biomet Holdings in Sports Medicine Market
                  8.16.3    Financials
                  8.16.4    Key Insights About the Financial Health of the Company
                  8.16.5    SWOT Analysis
 
    9    Research Scope and Methodology
          9.1    Scope of the Report
          9.2    Global Sports Medicine Market Segmentation
          9.3    Research Methodology
                   9.3.1    Primary Research
                   9.3.2    Secondary Research
                   9.3.3    Key Data Points from Primary and Secondary Sources
                   9.3.4    Data Triangulation
                   9.3.5    Top-Down Approach
                   9.3.6    Bottom- Up Approach
          9.4    Assumptions and Limitations
 

List of Tables

Table 1:    Impact analysis of Market Drivers
Table 2:    Impact Analysis of Market Restraints
Table 1.1:    Incidents of Concussion from 2012 to 2017, as per National Football League
Table 1.2:    Most Common Sports Injuries
Table 2.1:    New Products and Recent Developments of Major Companies
Table 2.2:    Some of the Orthobiologic Products by Different Companies
Table 3.1:    Clinical Studies (by Company), 2015-2018
Table 3.2:    Other strategies (By Company), 2015-2018
Table 5.1:    Global Market of Body Reconstruction and Repair Products, for Knee Injury ($Million)
Table 5.2:    Global Market of Body Reconstruction and Repair Products, for Shoulder Injury ($Million)
Table 5.3:    Global Market of Body Reconstruction and Repair Products, for Hip Injury ($Million)
Table 5.4:    Global Market of Body Reconstruction and Repair Products, for Foot and Ankle Injury ($Million)
Table 5.5:    Global Market of Body Reconstruction and Repair Products, for Elbow and Wrist Injury ($Million)
Table 7.1:    Sports Injuries in 2015, by number
Table 7.2:    Hospitalization due to Sports Injuries in Canada, 2016-2017
Table 7.3:    Incidence Rate of Sports Injuries for European Countries, 2013-2015
Table 7.4:    Brazil Estimated Injury Rates in 2015
Table 8.1:    Osiris Therapeutics, Inc.: Product Portfolio

List of Figures

Figure 1:    Global Sports Medicine Market, 2018 and 2026
Figure 2:    Global Sports Medicine Market (by Product), 2018 and 2026
Figure 3:    Global Sports Medicine Market (by Application), 2018 and 2026
Figure 4:    Global Sports Medicine Market (by Region), 2017 and 2028
Figure 5:    Global Sports Medicine Market by Region, 2026
Figure 2.1:    Market Dynamics
Figure 3.1:    Share of Key Developmental Strategies, 2015-2018
Figure 3.2:    Product Launch (By Company), 2015-2018
Figure 3.3:    Acquisitions (by Company), 2015-2018
Figure 3.4:    Agreements, Collaborations and Partnerships (By Company), 2015-2018
Figure 3.5:    Global Sports Medicine Market Share, 2017 and 2018
Figure 3.6:    Global Sports Medicine Market by Company, 2018
Figure 4.1:    Share of Patents by Ownership, 2015-2018
Figure 5.1:    Sports Medicine Market, (by Product)
Figure 5.2:    Global Sports Medicine Market, 2017-2026
Figure 5.3:    Global Body Reconstruction and Repair Devices Market, 2017-2026
Figure 5.5:    Global Body Support and Recovery Devices Market, 2017-2026
Figure 5.6:    Global Accessories Market, 2017-2026
Figure 6.1:    Global Sports Medicine Market, (by Knee Injuries), 2017-2026
Figure 6.2:    Global Sports Medicine Market, (by Shoulder injury), 2017-2026
Figure 6.3:    Global Sports Medicine Market, (By Foot and Ankle injury), 2017-2026
Figure 6.4:    Global Sports Medicine Market, (by Hip Injuries), 2017-2026
Figure 6.5:    Global Sports Medicine Market, (by Wrist and Elbow Injuries), 2017-2026
Figure 6.6:    Global Sports Medicine Market, (By Other Injuries), 2017-2026
Figure 7.1:    Global Sports Medicine Market (By Region)
Figure 7.2:    Global Sports Medicine Market (By Region)
Figure 7.3:    North America Sports Medicine Market, 2017-2026
Figure 7.4:    The U.S. Sports Medicine Market, 2017-2016
Figure 7.5:    Canada Sports Medicine Market, 2017-2026
Figure 7.6:    European Sports Medicine Market, 2017-2026
Figure 7.7:    Germany Sports Medicine Market, 2017-2026
Figure 7.8:    The U.K. Sports Medicine Market, 2017-2026
Figure 7.9:    France Sports Medicine Market, 2017-2026
Figure 7.10:    Spain Sports Medicine Market, 2017-2026
Figure 7.11:    Italian Sports Medicine Market, 2017-2026
Figure 7.12:    Austria Sports Medicine Market, 2018-2026
Figure 7.13:    Switzerland Sports Medicine Market, 2017-2026
Figure 7.14:    Belgium Sports Medicine Market, 2017-2026
Figure 7.15:    The Netherlands Sports Medicine Market, 2018-2028
Figure 7.16:    Sweden Sports Medicine Market, 2017-2026
Figure 7.17:    Rest-of-Europe Sports Medicine Market, 2017-2026
Figure 7.18:    Asia-Pacific Sports Medicine Market, 2017-2026
Figure 7.19:    China Sports Medicine Market, 2017-2026
Figure 7.20:    Japan Sports Medicine Market, 2017-2026
Figure 7.21:    Indian Sports Medicine Market, 2017-2026
Figure 7.22:    South Korea Sports Medicine Market, 2017-2026
Figure 7.23:    New Zealand Sports Medicine Market, 2017-2026
Figure 7.24:    Australia Sports Medicine Market, 2017-2026
Figure 7.25:    The Rest-of-asia-Pacific Sports Medicine Market, 2017-2026
Figure 7.26:    Latin America Sports Medicine Market, 2017-2026
Figure 7.27:    Brazil Sports Medicine Market, 2017-2026
Figure 7.28:    Mexico Sports Medicine Market, 2017-2026
Figure 7.29:    The Rest-of-Latin America Sports Medicine Market, 2017-2026
Figure 7.30:    The RoW Sports Medicine Market, 2017-2026
Figure 7.31:    Saudi Arabia Sports Medicine Market, 2017-2026
Figure 7.32:    The U.A.E. Sports Medicine Market, 2017-2026
Figure 7.33:    Russia Sports Medicine Market, 2017-2026
Figure 7.34:    Israel Sports Medicine Market, 2017-2026
Figure 7.35:    Others Sports Medicine Market, 2017-2026
Figure 8.1    Company Profiles, (By Ownership)
Figure 8.2:    Arthrex, Inc.: Sports Medicine Product Portfolio
Figure 8.3:    Arthrex, Inc.: SWOT Analysis
Figure 8.4:    Bioventus LLC:  Product Portfolio
Figure 8.5:    Bioventus LLC: SWOT Analysis
Figure 8.6:    Breg, Inc.: Product Portfolio
Figure 8.7:    Breg, Inc.: SWOT Analysis
Figure 8.8:    Ceterix Orthopaedics Inc.: SWOT Analysis
Figure 8.9:    CONMED Corporation: Sports Medicine Product Portfolio
Figure 8.10:    CONMED Corporation: Overall Financials, 2015-2017
Figure 8.11:    CONMED Corporation: Revenue (by Business Segment), 2015-2017
Figure 8.12:    CONMED Corporation: Revenue (by Region), 2015-2017
Figure 8.13:    CONMED Corporation: R&D Expenditure, 2015-2017
Figure 8.14:    CONMED Corporation PLC: SWOT Analysis
Figure 8.15:    DJO, LLC: SWOT Analysis
Figure 8.16:    General Electric Company: Overall Product Portfolio
Figure 8.17:    General Electric Company: Overall Financials, 2015-2017
Figure 8.18:    General Electric Company: Revenue (by Segment), 2015-2017
Figure 8.19:    General Electric Company: Revenue (by Sub-Segment), 2016-2017
Figure 8.20:    General Electric Company: Revenue (by Region), 2015-2017
Figure 8.21:    General Electric Company: R&D Expenditure, 2015-2017
Figure 8.22:    General Electric Company: SWOT Analysis
Figure 8.23:    Johnson & Johnson : Overall Financials, 2015-2017
Figure 8.24:    Johnson & Johnson (by Business Segment), 2015-2017
Figure 8.25:    Johnson & Johnson (by Region), 2015-2017
Figure 8.26:    Johnson & Johnson : Research and Development Expense, 2015-2017
Figure 8.27:    Johnson & Johnson: SWOT ANALYSIS
Figure 8.28:    Mueller Sports Medicine, Inc.: Sports Medicine Product Portfolio
Figure 8.29:    Mueller Sports Medicine, Inc.: SWOT Analysis
Figure 8.30:    Osiris Therapeutics, Inc.: Overall Financials, 2015-2017
Figure 8.31:    Osiris Therapeutics, Inc. (by Product), 2015-2017
Figure 8.32:    Osiris Therapeutics, Inc.: Research and Development Expense, 2015-2017
Figure 8.33:    Osiris Therapeutics, Inc.: SWOT Analysis
Figure 8.34:    RTI Surgical, INC.: Sports Medicine Product Portfolio
Figure 8.35:    RTI Surgical, INC.: Overall Financials
Figure 8.36:    RTI Surgical, INC.: Revenue (by Business Segment), 2015-2017
Figure 8.37:    RTI Surgical, INC.: Revenue (by Region), 2015-2017
Figure 8.38:    RTI Surgical, INC.: R&D Expenditure, 2015-2017
Figure 8.39:    RTI Surgical, INC.: SWOT Analysis
Figure 8.40:    Smith & Nephew: Product Portfolio
Figure 8.41:    Smith & Nephew plc, Inc.: Overall Financials
Figure 8.42:    Smith & Nephew plc (by Business Segment), 2015-2017
Figure 8.43:    Smith & Nephew plc (by Region), 2015-2017
Figure 8.44:    Smith & Nephew plc: Research and Development Expense, 2015-2017
Figure 8.45:    Smith & Nephew plc: SWOT Analysis
Figure 8.46:    Stryker Corporation: Sports Medicine Product Portfolio
Figure 8.47:    Stryker Corporation: Overall Financials
Figure 8.48:    Stryker Corporation: Revenue (by Business Segment), 2015-2017
Figure 8.49:    Stryker Corporation: Revenue (by Region), 2015-2017
Figure 8.50:    Stryker Corporation R&D Expenditure, 2015-2017
Figure 8.51:    Stryker Corporation: SWOT Analysis
Figure 8.52:    Wright Medical Group N.V.: Overall Financials, 2015-2017
Figure 8.53:    Wright Medical Group N.V. (by Business Segments), 2015-2017
Figure 8.54:    Wright Medical Group N.V. (by Region), 2015-2017
Figure 8.55:    Wright Medical Group N.V.: Research and Development Expenditure, 2015-2017
Figure 8.56:    Wright Medical Group N.V.: SWOT Analysis
Figure 8.57:    Zimmer Biomet Holdings, Inc: Sports Medicine Product Portfolio
Figure 8.58:    Zimmer Biomet Holdings, Inc: Overall Financials, 2015-2017
Figure 8.59:    Zimmer Biomet Holdings, Inc.: Revenue (by Business Segment), 2015-2017
Figure 8.60:    Zimmer Biomet Holdings, INC.: Revenue (by Region), 2015-2017
Figure 8.61:    Zimmer Biomet Holdings, Inc: Research and Development Expense, 2015-2017
Figure 8.62:    Zimmer Biomet Holdings, Inc: SWOT Analysis
Figure 9.1:    Global Sports Medicine Market Segmentation
Figure 9.2:    Research Methodology
Figure 9.3:    Key Data Points from Primary and Secondary Sources
Figure 9.4:    Key Data Points from Secondary Sources
Figure 9.5    Data Triangulation
Figure 9.6:    Top-down Approach: Global Sports Medicine Market
Figure 9.7:    Bottom-up Approach: Global Sports Medicine Market
Figure 9.8:    Assumptions and Limitations

Sports play an important part in the development of an individual and the society. Sports is a physical activity which inculcates discipline, activeness, fitness, and team spirit among people. Playing sports is a common physical activity taken up by health-conscious individuals globally. Not only professional athletes, but children as well as adults play sports. However, participation in sports may also lead to physical injuries, requiring the right practices for prevention and the right treatment for faster recovery.  Several products, as well as invasive and non-invasive procedure and advanced techniques, are used for prevention and treatment of these injuries. Sports medicine, a significant part of the healthcare sector, provides treatment and recovery for several injuries that occur during sports, exercises or any other physical activities. The healthcare professionals associated with sports medicine are specialized professionals with expertise on treating, and preventing, sports injuries, to help the injured athletes heal and recover faster. The global sports medicine market was estimated to be $5.99 billion in 2018 and is expected to be $9.25 billion by 2026. It is expected to grow at a CAGR of 5.64% from 2019 to 2026.

Nowadays there is an increased participation by people in different sports as people are more concerned towards their health. School curriculums, world-wide also emphasize on sports being a part of the education system of and encourage students in different sports activities. Prevention and recovery from injuries endured during sports activities are crucial for the performance of a professional, as well as nonprofessional, sportsperson. With the rising participation in sports activities and awareness towards health, there is an increased requirement of novel diagnostics, prevention techniques, and treatment methods specifically for sports injuries. The global sports medicine market has therefore, witnessed significant advancements in terms of product launches in the past few years through the intervention of high-end technologies and medical devices.

The purpose of the BIS Research study, Global Sports Medicine Market: Analysis and Forecast, 2019-2026, is to gain a holistic view of the global sports medicine market against various factors influencing the market, such as the key market trends, competitive and regulatory aspects of the market, and technical advancement in the field. The scope of the report is centred upon a detailed study of the solutions allied with sports medicine market which involves medical device used in different treatments and applications for sports injuries treatments. The global sports medicine market is segmented into three different parts: ‘by products’, ‘by application’, and ‘by region’. The global market value for sports medicine was estimated using these three different approaches and was validated against one another.

Based on products, the market can be sub-segmented into body reconstruction and repair, body support, and accessories market respectively. The market for body reconstruction and repair dominates the market in terms of revenue. The growth of the body reconstruction and repair market is accredited to the efficiency of these for advanced methods of treatment for different injuries. However, these type of repair and reconstruction devices are mostly preferred for correcting any type of injury. Further, the fastest growing segment was estimated to be body support products which include braces and support systems for knees, shoulder, elbow and other types of joints. These products are used to restrict movement, reduce pain and inflammation, and provide support to the joint injury.

Based on application, the market can be classified into various injury applications such as knee injury, shoulder injury, hip injury, foot and ankle injury, elbow and wrist injury, and others. Knee injuries were the most common type of injuries and contributed the maximum revenue to the global sports medicine market with a share of 28.16% in 2018. This is majorly because several popular sports such as football, cricket, and rugby, require activities such as running, putting a strain on knee joints of the sportsperson. The elbow and wrist-joint  injuries is estimated to be the fastest growing segment, due to the fragile nature of these joints.

The market is sub-segmented into five distinct regions -- North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World. Region-wise, North America was estimated to be the dominant region with a revenue share of 49.45% in 2018. This is majorly due to the presence of key players in the region along with better healthcare infrastructure and facilities. Government initiatives taken to promote fitness and sports, rising consumer spending, and the increase in exercise for health reasons, are some of the factors that have contributed to the expansion of sports medicine in the North America region. Most of the sports medicine companies have their manufacturing units in North America and their subsidiaries in the region. The growth of sports medicine market is mainly because of higher investments in the market by different companies and associations. However, the fastest growing region is expected to be Asia-Pacific with a CAGR of 7.08% from 2019 to 2026. This is majorly because of increasing participation of people in sports and growth of sports as a career, along with rising awareness about sports injuries and treatments.

The sports medicine market has a promising potential for growth in the coming years. The report provides an in-depth SWOT analysis of different key players of the market, supported by an extensive financial summary of each company. The key players of the market are Smith & Nephew, Stryker Corporation, DePuy Synthes, RTI Surgical, Osiris Therapeutics, Arthrex Inc., Bioventus LLC, Breg Inc., Ceterix Orthopedics Inc., CONMED Corporation, DJO LLC, General Electric Company, Johnson & Johnson, Mueller Sports Medicine, Inc., RTI Surgical, INC., Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc., among others.

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Sports play an important part in the development of an individual and society. Sports is a physical activity which inculcates discipline, activeness, fitness, and team spirit among people. Playing sports is a common physical activity taken up by health-conscious individuals globally. Not only professional athletes, but children as well as adults play sports.  The physical activity involved while playing sports may lead to injuries among the players. Sports medicine is a branch of healthcare that deals with the prevention and treatment of sports injuries and the overall physical fitness of active sportspersons, affecting their functioning and performances, hence, sports medicine is specifically important for them. The treatment of injuries may involve the use of medical devices and pharmaceuticals. These medical devices include implants, arthroscopy devices, suture anchors, braces and support and many other accessories. With the rising awareness about sports and fitness, there has been an increased participation in sports even by the non-professional sportsperson and hence there is an increase in the need for the development of novel diagnostics, prevention techniques and treatment methods which are aimed specifically at sports injuries. The market has witnessed significant advancements in the past few years through the intervention of high-end technologies and medical devices. These advanced treatment methods have reduced time for the recovery.

The sports medicine market consists of various products that can be classified as reconstruction and repair, support and recovery products and accessories.

The BIS Research report on global sports medicine market includes an in-depth examination of the key ecosystem players, key strategies, and developments taking place in global sports medicine market. Additionally, the report includes an analysis of market dynamics (market drivers, opportunities, and challenges) and industry analysis. The market has been classified based on different application, such as knee, shoulder, foot and ankle, elbow and wrist, hip, and others. Region-wise, the market can be segmented into five distinct regions that include North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World.

The purpose of the study is to gain a holistic view of the global sports medicine market in terms of various factors influencing it, such as key market trends, competitive and regulatory aspects of the market, and scientific innovations in sports medicine.  The scope of the report is centred upon conducting a detailed study of the solutions allied with sports medicine market, which involves techniques used in different applications of sports injuries. The global sports medicine market is segmented into three different parts: ‘by products’, ‘by application’, and ‘by region’. The report offers the reader an opportunity to unlock comprehensive insights with respect to the market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken by the industry players into consideration before entering the market.

This research report aims at answering questions related to various aspects of the global market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The regions that the market has been segmented into, has been  sub-segmented into various countries, and for each of these countries, the key market trends, list of the key players, as well as recent developments for these key players, have been discussed.

The answers to the following key questions can be derived from this report:

•    What is sports medicine? What are the products included in sports medicine?
•    What are the major market drivers, restraints, and opportunities in the global sports medicine market?
•    What were the market shares of the leading segments, and sub-segments of the global sports medicine market in 2018 and what will be its share in 2026? 
•    How will each segment of the global sports medicine market grow during the forecast period from 2019 to 2026, and what will be the revenue generated by each of the segments by the end of 2026?
•    What are the influencing factors that may affect the market share of the key players?
•    What are the key developmental strategies implemented by the key players to stand out in this market?
•    What are the major regulatory authorities/ associations/ consortiums affecting the sports medicine market?
•    Which product segment is expected to register the highest CAGR for the global sports medicine market? 
•    How has the market been segmented based on application? Which application segment had the largest share, and the fastest growth rate in the global sports medicine market?
•    Which region will contribute to the highest sales of the sports medicine during the forecast period and which will have the highest CAGR?

The key players that have been contributing significantly in the sports medicine market include Smith & Nephew, Stryker Corporation, DePuy Synthes, RTI Surgical, Osiris Therapeutics, Arthrex Inc., Bioventus LLC, Breg Inc., Ceterix Orthopedics Inc., CONMED Corporation, DJO LLC, General Electric Company, Johnson & Johnson, Mueller Sports Medicine, Inc., RTI Surgical, INC., Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc., among others.

    Executive Summary
    1    Market Overview
          1.1    Types of Sports Injuries
 
    2    Market Dynamics
          2.1    Drivers
                   2.1.1    Growing Incidence of Sports Injuries
                   2.1.2    Increasing Popularity of Minimally Invasive Surgery
                   2.1.3    Increased Awareness About Implants
                   2.1.4    Continuous Launch of New Products
                   2.1.5    Increasing Number of Sports Medicine association
          2.2    Restraints
                   2.2.1    High Cost of Treatment
                   2.2.2    Adverse Effects After Treatments
         2.3    Opportunities
                  2.3.1    Development in the Field of Regenerative Medicine
                  2.3.2    Automation of Surgeries
                  2.3.3    Development of Advanced Materials
 
    3    Competitive Landscape
          3.1    Key Developmental Strategies
                   3.1.1    Acquisitions
                   3.1.2    Agreements, Collaborations and Partnerships
                   3.1.3    Clinical Studies
                   3.1.4    Others
          3.2    Market Share Analysis
 
    4    Industry Insights
          4.1    Regulatory Organizations/ associations/ Consortiums
          4.2    Patent Landscape
 
    5    Global Sports Medicine (by Product)
          5.1    Body Reconstruction and Repair Devices
                   5.1.1    Implants
                   5.1.2    Arthroscopy Devices
                   5.1.3    Repair Devices
                   5.1.4    Orthobiologics
          5.2    Body Support and Recovery Devices
          5.3    Accessories
 
    6    Global Sports Medicine Market, (by Application)
          6.1    Knee
          6.2    Shoulder
          6.3    Foot and Ankle
          6.4    Hip
          6.5    Elbow and Wrist
          6.6    Others
 
    7    Global Sports Medicine Market (by Region)
          7.1    North America
                   7.1.1    The U.S.
                   7.1.2    Canada
          7.2    Europe
                   7.2.1    Germany
                   7.2.2    The U.K.
                   7.2.3    France
                   7.2.4    Spain
                   7.2.5    Italy
                   7.2.6    Austria
                   7.2.7    Switzerland
                   7.2.8    Belgium
                   7.2.9    The Netherlands
                   7.2.10   Sweden
                   7.2.11   The Rest-of-Europe
          7.3    Asia-Pacific
                   7.3.1    China
                   7.3.2    Japan
                   7.3.3    India
                   7.3.4    South Korea
                   7.3.5    New Zealand
                   7.3.6    Australia
                   7.3.7    The Rest-of-Asia-Pacific
          7.4    Latin America
                   7.4.1    Brazil
                   7.4.2    Mexico
                   7.4.3    Rest-of-Latin America
          7.5    The Rest-of-the-World (RoW)
                   7.5.1    Saudi Arabia
                   7.5.2    The U.A.E.
                   7.5.3    Russia
                   7.5.4    Israel
                   7.5.5    Others
 
    8    Company Profiles
          8.1    Overview
          8.2    Arthrex, Inc.
                   8.2.1    Company Overview
                   8.2.2    Role of Arthrex, Inc.in the Sports Medicine Market
                   8.2.3    SWOT Analysis
          8.3    Bioventus LLC
                   8.3.1    Company Overview
                   8.3.2    Role of Bioventus LLC in Sports Medicine Market
                   8.3.3    SWOT Analysis
          8.4    Breg, Inc.
                   8.4.1    Company Overview
                   8.4.2    Role of Breg, Inc. in Sports Medicine Market
                   8.4.3    SWOT Analysis
          8.5    Ceterix Orthopaedics Inc.
                   8.5.1    Company Overview
                   8.5.2    Role of Ceterix Orthopaedics Inc. in Sports Medicine Market
                   8.5.3    SWOT Analysis
         8.6    ConMed Corporation
                  8.6.1    Company Overview
                  8.6.2    Role of ConMed Corporation in Sports Medicine Market
                  8.6.3    Financials
                  8.6.4    Key Insights about Financial Health of the Company
                  8.6.5    SWOT Analysis
         8.7    DJO, LLC
                  8.7.1    Company Overview
                  8.7.2    Role of DJO, LLC in Sports Medicine market
                  8.7.3    SWOT Analysis
         8.8    General Electric Company
                  8.8.1    Company Overview
                  8.8.2    Role of General Electric Company in the Sports Medicine Market
                  8.8.3    Financials
                  8.8.4    Key Insights about Financial Health of the Company
                  8.8.5    SWOT Analysis
         8.9    JOHNSON & JOHNSON
                  8.9.1    Company Overview
                  8.9.2    Role of Johnson & Johnson in Sports Medicine Market
                  8.9.3    Financials
                  8.9.4    Key Insights about the Financial Health of the Company
                  8.9.5    SWOT Analysis
        8.10   Mueller Sports Medicine, Inc.
                  8.10.1    Company Overview
                  8.10.2    Role of Mueller Sports Medicine, Inc. in Sports Medicine Market
                  8.10.3    SWOT Analy sis
        8.11   Osiris Therapeutics, Inc.
                  8.11.1    Company Overview
                  8.11.2    Role of Osiris Therapeutics, Inc. in Sports Medicine Market
                  8.11.3    Financials
                  8.11.4    Key Insights About the Financial Health of the Company
                  8.11.5    SWOT Analysis
        8.12   RTI Surgical, INC.
                  8.12.1    Company Overview
                  8.12.2    Role of RTI Surgical, INC. in the Sports Medicine Market
                  8.12.3    Financials
                  8.12.4    Key Insights About Financial Health of the Company
                  8.12.5    SWOT Analysis
        8.13   Smith & Nephew plc
                  8.13.1    Company Overview
                  8.13.2    Role of Smith & Nephew plc, Inc. in Sports Medicine Market
                  8.13.3    Financials
                  8.13.4    Key Insights About the Financial Health of Company
                  8.13.5    SWOT Analysis
        8.14   Stryker Corporation
                  8.14.1    Company Overview
                  8.14.2    Role of Stryker Corporation in the Sports Medicine Market
                  8.14.3    Financials
                  8.14.4    Key Insights About Financial Health of the Company
                  8.14.5    SWOT Analysis
        8.15   Wright Medical Group N.V.
                  8.15.1    Company Overview
                  8.15.2    Role of Wright Medical Group N.V. Company in Sports Medicine Market
                  8.15.3    Financials
                  8.15.4    Key Insights About Financial Health of the Company
                  8.15.5    SWOT Analysis
        8.16   Zimmer Biomet Holdings, INC.
                  8.16.1    Company Overview
                  8.16.2    Role of Zimmer Biomet Holdings in Sports Medicine Market
                  8.16.3    Financials
                  8.16.4    Key Insights About the Financial Health of the Company
                  8.16.5    SWOT Analysis
 
    9    Research Scope and Methodology
          9.1    Scope of the Report
          9.2    Global Sports Medicine Market Segmentation
          9.3    Research Methodology
                   9.3.1    Primary Research
                   9.3.2    Secondary Research
                   9.3.3    Key Data Points from Primary and Secondary Sources
                   9.3.4    Data Triangulation
                   9.3.5    Top-Down Approach
                   9.3.6    Bottom- Up Approach
          9.4    Assumptions and Limitations
 

List of Tables

Table 1:    Impact analysis of Market Drivers
Table 2:    Impact Analysis of Market Restraints
Table 1.1:    Incidents of Concussion from 2012 to 2017, as per National Football League
Table 1.2:    Most Common Sports Injuries
Table 2.1:    New Products and Recent Developments of Major Companies
Table 2.2:    Some of the Orthobiologic Products by Different Companies
Table 3.1:    Clinical Studies (by Company), 2015-2018
Table 3.2:    Other strategies (By Company), 2015-2018
Table 5.1:    Global Market of Body Reconstruction and Repair Products, for Knee Injury ($Million)
Table 5.2:    Global Market of Body Reconstruction and Repair Products, for Shoulder Injury ($Million)
Table 5.3:    Global Market of Body Reconstruction and Repair Products, for Hip Injury ($Million)
Table 5.4:    Global Market of Body Reconstruction and Repair Products, for Foot and Ankle Injury ($Million)
Table 5.5:    Global Market of Body Reconstruction and Repair Products, for Elbow and Wrist Injury ($Million)
Table 7.1:    Sports Injuries in 2015, by number
Table 7.2:    Hospitalization due to Sports Injuries in Canada, 2016-2017
Table 7.3:    Incidence Rate of Sports Injuries for European Countries, 2013-2015
Table 7.4:    Brazil Estimated Injury Rates in 2015
Table 8.1:    Osiris Therapeutics, Inc.: Product Portfolio

List of Figures

Figure 1:    Global Sports Medicine Market, 2018 and 2026
Figure 2:    Global Sports Medicine Market (by Product), 2018 and 2026
Figure 3:    Global Sports Medicine Market (by Application), 2018 and 2026
Figure 4:    Global Sports Medicine Market (by Region), 2017 and 2028
Figure 5:    Global Sports Medicine Market by Region, 2026
Figure 2.1:    Market Dynamics
Figure 3.1:    Share of Key Developmental Strategies, 2015-2018
Figure 3.2:    Product Launch (By Company), 2015-2018
Figure 3.3:    Acquisitions (by Company), 2015-2018
Figure 3.4:    Agreements, Collaborations and Partnerships (By Company), 2015-2018
Figure 3.5:    Global Sports Medicine Market Share, 2017 and 2018
Figure 3.6:    Global Sports Medicine Market by Company, 2018
Figure 4.1:    Share of Patents by Ownership, 2015-2018
Figure 5.1:    Sports Medicine Market, (by Product)
Figure 5.2:    Global Sports Medicine Market, 2017-2026
Figure 5.3:    Global Body Reconstruction and Repair Devices Market, 2017-2026
Figure 5.5:    Global Body Support and Recovery Devices Market, 2017-2026
Figure 5.6:    Global Accessories Market, 2017-2026
Figure 6.1:    Global Sports Medicine Market, (by Knee Injuries), 2017-2026
Figure 6.2:    Global Sports Medicine Market, (by Shoulder injury), 2017-2026
Figure 6.3:    Global Sports Medicine Market, (By Foot and Ankle injury), 2017-2026
Figure 6.4:    Global Sports Medicine Market, (by Hip Injuries), 2017-2026
Figure 6.5:    Global Sports Medicine Market, (by Wrist and Elbow Injuries), 2017-2026
Figure 6.6:    Global Sports Medicine Market, (By Other Injuries), 2017-2026
Figure 7.1:    Global Sports Medicine Market (By Region)
Figure 7.2:    Global Sports Medicine Market (By Region)
Figure 7.3:    North America Sports Medicine Market, 2017-2026
Figure 7.4:    The U.S. Sports Medicine Market, 2017-2016
Figure 7.5:    Canada Sports Medicine Market, 2017-2026
Figure 7.6:    European Sports Medicine Market, 2017-2026
Figure 7.7:    Germany Sports Medicine Market, 2017-2026
Figure 7.8:    The U.K. Sports Medicine Market, 2017-2026
Figure 7.9:    France Sports Medicine Market, 2017-2026
Figure 7.10:    Spain Sports Medicine Market, 2017-2026
Figure 7.11:    Italian Sports Medicine Market, 2017-2026
Figure 7.12:    Austria Sports Medicine Market, 2018-2026
Figure 7.13:    Switzerland Sports Medicine Market, 2017-2026
Figure 7.14:    Belgium Sports Medicine Market, 2017-2026
Figure 7.15:    The Netherlands Sports Medicine Market, 2018-2028
Figure 7.16:    Sweden Sports Medicine Market, 2017-2026
Figure 7.17:    Rest-of-Europe Sports Medicine Market, 2017-2026
Figure 7.18:    Asia-Pacific Sports Medicine Market, 2017-2026
Figure 7.19:    China Sports Medicine Market, 2017-2026
Figure 7.20:    Japan Sports Medicine Market, 2017-2026
Figure 7.21:    Indian Sports Medicine Market, 2017-2026
Figure 7.22:    South Korea Sports Medicine Market, 2017-2026
Figure 7.23:    New Zealand Sports Medicine Market, 2017-2026
Figure 7.24:    Australia Sports Medicine Market, 2017-2026
Figure 7.25:    The Rest-of-asia-Pacific Sports Medicine Market, 2017-2026
Figure 7.26:    Latin America Sports Medicine Market, 2017-2026
Figure 7.27:    Brazil Sports Medicine Market, 2017-2026
Figure 7.28:    Mexico Sports Medicine Market, 2017-2026
Figure 7.29:    The Rest-of-Latin America Sports Medicine Market, 2017-2026
Figure 7.30:    The RoW Sports Medicine Market, 2017-2026
Figure 7.31:    Saudi Arabia Sports Medicine Market, 2017-2026
Figure 7.32:    The U.A.E. Sports Medicine Market, 2017-2026
Figure 7.33:    Russia Sports Medicine Market, 2017-2026
Figure 7.34:    Israel Sports Medicine Market, 2017-2026
Figure 7.35:    Others Sports Medicine Market, 2017-2026
Figure 8.1    Company Profiles, (By Ownership)
Figure 8.2:    Arthrex, Inc.: Sports Medicine Product Portfolio
Figure 8.3:    Arthrex, Inc.: SWOT Analysis
Figure 8.4:    Bioventus LLC:  Product Portfolio
Figure 8.5:    Bioventus LLC: SWOT Analysis
Figure 8.6:    Breg, Inc.: Product Portfolio
Figure 8.7:    Breg, Inc.: SWOT Analysis
Figure 8.8:    Ceterix Orthopaedics Inc.: SWOT Analysis
Figure 8.9:    CONMED Corporation: Sports Medicine Product Portfolio
Figure 8.10:    CONMED Corporation: Overall Financials, 2015-2017
Figure 8.11:    CONMED Corporation: Revenue (by Business Segment), 2015-2017
Figure 8.12:    CONMED Corporation: Revenue (by Region), 2015-2017
Figure 8.13:    CONMED Corporation: R&D Expenditure, 2015-2017
Figure 8.14:    CONMED Corporation PLC: SWOT Analysis
Figure 8.15:    DJO, LLC: SWOT Analysis
Figure 8.16:    General Electric Company: Overall Product Portfolio
Figure 8.17:    General Electric Company: Overall Financials, 2015-2017
Figure 8.18:    General Electric Company: Revenue (by Segment), 2015-2017
Figure 8.19:    General Electric Company: Revenue (by Sub-Segment), 2016-2017
Figure 8.20:    General Electric Company: Revenue (by Region), 2015-2017
Figure 8.21:    General Electric Company: R&D Expenditure, 2015-2017
Figure 8.22:    General Electric Company: SWOT Analysis
Figure 8.23:    Johnson & Johnson : Overall Financials, 2015-2017
Figure 8.24:    Johnson & Johnson (by Business Segment), 2015-2017
Figure 8.25:    Johnson & Johnson (by Region), 2015-2017
Figure 8.26:    Johnson & Johnson : Research and Development Expense, 2015-2017
Figure 8.27:    Johnson & Johnson: SWOT ANALYSIS
Figure 8.28:    Mueller Sports Medicine, Inc.: Sports Medicine Product Portfolio
Figure 8.29:    Mueller Sports Medicine, Inc.: SWOT Analysis
Figure 8.30:    Osiris Therapeutics, Inc.: Overall Financials, 2015-2017
Figure 8.31:    Osiris Therapeutics, Inc. (by Product), 2015-2017
Figure 8.32:    Osiris Therapeutics, Inc.: Research and Development Expense, 2015-2017
Figure 8.33:    Osiris Therapeutics, Inc.: SWOT Analysis
Figure 8.34:    RTI Surgical, INC.: Sports Medicine Product Portfolio
Figure 8.35:    RTI Surgical, INC.: Overall Financials
Figure 8.36:    RTI Surgical, INC.: Revenue (by Business Segment), 2015-2017
Figure 8.37:    RTI Surgical, INC.: Revenue (by Region), 2015-2017
Figure 8.38:    RTI Surgical, INC.: R&D Expenditure, 2015-2017
Figure 8.39:    RTI Surgical, INC.: SWOT Analysis
Figure 8.40:    Smith & Nephew: Product Portfolio
Figure 8.41:    Smith & Nephew plc, Inc.: Overall Financials
Figure 8.42:    Smith & Nephew plc (by Business Segment), 2015-2017
Figure 8.43:    Smith & Nephew plc (by Region), 2015-2017
Figure 8.44:    Smith & Nephew plc: Research and Development Expense, 2015-2017
Figure 8.45:    Smith & Nephew plc: SWOT Analysis
Figure 8.46:    Stryker Corporation: Sports Medicine Product Portfolio
Figure 8.47:    Stryker Corporation: Overall Financials
Figure 8.48:    Stryker Corporation: Revenue (by Business Segment), 2015-2017
Figure 8.49:    Stryker Corporation: Revenue (by Region), 2015-2017
Figure 8.50:    Stryker Corporation R&D Expenditure, 2015-2017
Figure 8.51:    Stryker Corporation: SWOT Analysis
Figure 8.52:    Wright Medical Group N.V.: Overall Financials, 2015-2017
Figure 8.53:    Wright Medical Group N.V. (by Business Segments), 2015-2017
Figure 8.54:    Wright Medical Group N.V. (by Region), 2015-2017
Figure 8.55:    Wright Medical Group N.V.: Research and Development Expenditure, 2015-2017
Figure 8.56:    Wright Medical Group N.V.: SWOT Analysis
Figure 8.57:    Zimmer Biomet Holdings, Inc: Sports Medicine Product Portfolio
Figure 8.58:    Zimmer Biomet Holdings, Inc: Overall Financials, 2015-2017
Figure 8.59:    Zimmer Biomet Holdings, Inc.: Revenue (by Business Segment), 2015-2017
Figure 8.60:    Zimmer Biomet Holdings, INC.: Revenue (by Region), 2015-2017
Figure 8.61:    Zimmer Biomet Holdings, Inc: Research and Development Expense, 2015-2017
Figure 8.62:    Zimmer Biomet Holdings, Inc: SWOT Analysis
Figure 9.1:    Global Sports Medicine Market Segmentation
Figure 9.2:    Research Methodology
Figure 9.3:    Key Data Points from Primary and Secondary Sources
Figure 9.4:    Key Data Points from Secondary Sources
Figure 9.5    Data Triangulation
Figure 9.6:    Top-down Approach: Global Sports Medicine Market
Figure 9.7:    Bottom-up Approach: Global Sports Medicine Market
Figure 9.8:    Assumptions and Limitations

Sports play an important part in the development of an individual and the society. Sports is a physical activity which inculcates discipline, activeness, fitness, and team spirit among people. Playing sports is a common physical activity taken up by health-conscious individuals globally. Not only professional athletes, but children as well as adults play sports. However, participation in sports may also lead to physical injuries, requiring the right practices for prevention and the right treatment for faster recovery.  Several products, as well as invasive and non-invasive procedure and advanced techniques, are used for prevention and treatment of these injuries. Sports medicine, a significant part of the healthcare sector, provides treatment and recovery for several injuries that occur during sports, exercises or any other physical activities. The healthcare professionals associated with sports medicine are specialized professionals with expertise on treating, and preventing, sports injuries, to help the injured athletes heal and recover faster. The global sports medicine market was estimated to be $5.99 billion in 2018 and is expected to be $9.25 billion by 2026. It is expected to grow at a CAGR of 5.64% from 2019 to 2026.

Nowadays there is an increased participation by people in different sports as people are more concerned towards their health. School curriculums, world-wide also emphasize on sports being a part of the education system of and encourage students in different sports activities. Prevention and recovery from injuries endured during sports activities are crucial for the performance of a professional, as well as nonprofessional, sportsperson. With the rising participation in sports activities and awareness towards health, there is an increased requirement of novel diagnostics, prevention techniques, and treatment methods specifically for sports injuries. The global sports medicine market has therefore, witnessed significant advancements in terms of product launches in the past few years through the intervention of high-end technologies and medical devices.

The purpose of the BIS Research study, Global Sports Medicine Market: Analysis and Forecast, 2019-2026, is to gain a holistic view of the global sports medicine market against various factors influencing the market, such as the key market trends, competitive and regulatory aspects of the market, and technical advancement in the field. The scope of the report is centred upon a detailed study of the solutions allied with sports medicine market which involves medical device used in different treatments and applications for sports injuries treatments. The global sports medicine market is segmented into three different parts: ‘by products’, ‘by application’, and ‘by region’. The global market value for sports medicine was estimated using these three different approaches and was validated against one another.

Based on products, the market can be sub-segmented into body reconstruction and repair, body support, and accessories market respectively. The market for body reconstruction and repair dominates the market in terms of revenue. The growth of the body reconstruction and repair market is accredited to the efficiency of these for advanced methods of treatment for different injuries. However, these type of repair and reconstruction devices are mostly preferred for correcting any type of injury. Further, the fastest growing segment was estimated to be body support products which include braces and support systems for knees, shoulder, elbow and other types of joints. These products are used to restrict movement, reduce pain and inflammation, and provide support to the joint injury.

Based on application, the market can be classified into various injury applications such as knee injury, shoulder injury, hip injury, foot and ankle injury, elbow and wrist injury, and others. Knee injuries were the most common type of injuries and contributed the maximum revenue to the global sports medicine market with a share of 28.16% in 2018. This is majorly because several popular sports such as football, cricket, and rugby, require activities such as running, putting a strain on knee joints of the sportsperson. The elbow and wrist-joint  injuries is estimated to be the fastest growing segment, due to the fragile nature of these joints.

The market is sub-segmented into five distinct regions -- North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World. Region-wise, North America was estimated to be the dominant region with a revenue share of 49.45% in 2018. This is majorly due to the presence of key players in the region along with better healthcare infrastructure and facilities. Government initiatives taken to promote fitness and sports, rising consumer spending, and the increase in exercise for health reasons, are some of the factors that have contributed to the expansion of sports medicine in the North America region. Most of the sports medicine companies have their manufacturing units in North America and their subsidiaries in the region. The growth of sports medicine market is mainly because of higher investments in the market by different companies and associations. However, the fastest growing region is expected to be Asia-Pacific with a CAGR of 7.08% from 2019 to 2026. This is majorly because of increasing participation of people in sports and growth of sports as a career, along with rising awareness about sports injuries and treatments.

The sports medicine market has a promising potential for growth in the coming years. The report provides an in-depth SWOT analysis of different key players of the market, supported by an extensive financial summary of each company. The key players of the market are Smith & Nephew, Stryker Corporation, DePuy Synthes, RTI Surgical, Osiris Therapeutics, Arthrex Inc., Bioventus LLC, Breg Inc., Ceterix Orthopedics Inc., CONMED Corporation, DJO LLC, General Electric Company, Johnson & Johnson, Mueller Sports Medicine, Inc., RTI Surgical, INC., Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc., among others.

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