Latest Report Available at Orbis research Sports Medicine Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
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The North American sports medicine market for the period 2016-2021 is expected to account for USD XX billion by 2021, growing at a CAGR of XX% from USD XX billion in 2016. Sports medicine usually comprises products and procedures that are mostly used by athletes and sportspersons to either treat or prevent injuries sustained during sports.
Common sports injuries include concussion, muscle cramps, sprains, ligament tear, shin splints and muscle strains. The USA occupies the largest market share in North America. It is estimated that nearly 1.35 million youth suffer from sports injuries every year, of which approximately 451,000 injuries are sprains or strain. Nearly 400,000 injuries are concussions and fractures. These factors have been helpful in the steady growth of sports medicine market in North America.
North America Sports Medicine Market-Market Dynamics
The report details several factors that drive and restrain North Americamarket for sports medicines. It also gives the opportunities and challenges faced by the market players. Some of these are listed below.
Drivers
The North America sports medicine market is driven by:
Increase in sports-related injuries
Increase in the physically challenging sports activity
Growth in the field of regenerative medicine
Growth in the online market of support and recovery products
Government initiatives like the American Orthopedic Society for Sports Medicine (AOSSM), American Medical Society for Sports Medicine (AMSSM), National Athletic Trainers' Association(NATA) and Canadian Athletic Therapists' Association(CATA)
Restraints
The market is restrained by:
Lack of reimbursement for academic sports injuries
High costs of implant and other devices
Medical device Excise Tax in the U.S.
Opportunities and Challenges
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Innovations in prosthetics, arthroscopy devices, implants and monitoring devices along with the introduction of generic implants are some opportunities for the market players. However, they face the challenge of dealing with the lack of doctors who specialize in sports medicine.
The North American sports medicine market is segmented based on the type of procedure, product and target area. Based on the type of procedure, the market is segmented into bone, ligament, cartilage, tendon reconstruction and repair and surgery. Based on products the market is segmented into orthopedic products (arthroscopy devices, soft tissue fixative device, ortho biologics, artificial implants, and accessories) and recovery products (braces, thermotherapy, cryotherapy, ultrasound therapy, electrical simulation device, performance monitoring devices, and accessories). Based on the target area, the market is segmented into shoulder, knee, elbow, hand and wrist, foot and ankle, hip, groin, and spine.
Geographically, the North American sports medicine market is segmented into the USA, Mexico, and Canada.
Some of the key players in the market are:
ArthroCare
Biomet
Bird and Cronin, Inc.
BREG, Inc.
Cayenne Medical, Inc.
Cramer Products, Inc.
DePuy Mitek, Inc.
Mueller Sports Medicine, Inc.
Ossur
Key Deliverables in the Study
Market analysis for the North American sports medicine market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the North America sports medicine market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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Some Points From Toc:
- INTRODUCTION
1.1 Report Description
1.2 Research Methodology
1.3 Stakeholders - EXECUTIVE SUMMARY
2.1 Key Findings
2.2 Market Overview - MARKET OVERVIEW
3.1 Market Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Porter's Five Force Analysis
3.2.3.1 Threat of a new entrant
3.2.3.2 Internal Rivalry
3.2.3.3 Buyer Bargaining Power
3.2.3.4 Supplier Bargaining Power
3.2.3.5 Threat of substitutes - Market Segmentation: By type of procedure
4.1 Bone Reconstruction & Repair
4.2 Ligament Reconstruction & Repair
4.3 Cartilage Reconstruction & Repair
4.4 Tendon Reconstruction & Repair
4.5 Surgery - Market Segmentation: By type of product
5.1 Orthopedic Products
5.1.1 Arthroscopy Devices
5.1.2 Soft Tissue Fixation Devices
5.1.3 Orthobiologics
5.1.4 Fracture Repair
5.1.5 Artificial implants
5.1.6 Accessories
5.2 Recovery Products
5.2.1 Braces
5.2.2 Thermotherapy
5.2.3 Cryotherapy
5.2.4 Ultrasound
5.2.5 Electrical Simulation Devices
5.2.6 Performance Monitoring Devices
5.2.7 Accessories - Market Segmentation: By target area
6.1 Shoulder
6.2 Knee
6.3 Elbow
6.4 Hand & Wrist
6.5 Foot & Ankle
6.6 Hip
6.7 Groin
6.8 Spine - Market Segmentation: By geography
7.1 North America
7.1.1 USA
7.1.2 Canada
7.1.3 Mexico
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