Global Sports Medicine Market Forecast to 2020 Seeing North America to Hold Largest Market Share
Sports Medicine Market by Product Type (Implants, Arthroscopy, Prosthetics, Orthobiologics, Braces, Topical Pain Relief, Thermal Therapy, Compression Clothing, Bandages & Tapes), by Application (Knee, Shoulder) – Analysis & Global Forecast to 2020.
Pune, India – January 13, 2016 /MarketersMedia/ —
The sports medicine market comprises products and devices used by professional or non-professional athletes or sports persons to prevent and protect themselves from injuries as well as devices that enhance performance. The sports medicine products play an important role in the rehabilitation, recovery, protection, endurance, and monitoring of athletes while playing sports.
Complete report on global sports medicine market spread across 193 pages, profiling 10 companies and supported with 94 tables and 33 figures is now available at http://www.rnrmarketresearch.com/sports-medicine-devices-market-by-products-application-2012-2017-bone-cartilage-ligament-tendon-reconstruction-repair-braces-hot-cold-therapy-topical-pain-relief-compression-clothing-market-report.html .
Over the years, the sports medicine market has witnessed various technological advancements made to ensure and provide better recovery and rehabilitative measures for injuries caused during sports or physical activities. These advancements have led to the development of new products and therapies to treat sports injuries. Various market players are focusing on the introduction of newer products and treatment options for sports injuries.
In 2015, the body reconstruction & repair products segment is expected to account for the largest share of the global sports medicine market, by product, while the knee injuries segment is expected to account for the largest share of the sports medicine market, by application.
In 2015, North America is expected to account for the largest share of the global sports medicine market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the sports medicine market is expected to witness the highest growth rate in the Asia-Pacific region, with emphasis on India, China, and Japan. The entry of international players, increasing government initiatives, and rising awareness regarding sports medicine in emerging nations like India and China are expected to drive the market in these regions.
The sports medicine market witnesses high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various growth strategies (agreements, partnerships, joint ventures, geographic expansions, new product launches, and acquisitions) to increase their market shares and establish a strong foothold in the global market.
A number of key players are competing to secure larger shares of the market by launching new products. Arthrex, Inc. (U.S.), Smith & Nephew PLC (U.K.), DePuySynthes Companies (U.S.), Stryker Corporation (U.S.), and CONMED Corporation (U.S.) are the top five players of this market. Order a copy of Sports Medicine Market by Product Type (Implants, Arthroscopy, Prosthetics, Orthobiologics, Braces, Topical Pain Relief, Thermal Therapy, Compression Clothing, Bandages & Tapes), by Application (Knee, Shoulder) – Analysis & Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=80170 .
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms, garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
Continuing with the related market, another research titled Smart Pills Market Global Forecast to 2024 says, North America is the largest market in the smart pills. The high growth of this region can be attributed to the favorable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies. The smart pills market is segmented on the basis of applications and regions. On the basis of applications, capsule endoscopy accounted for the largest share of the smart pills market in 2014.Companies like CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A.de C.V., Olympus Corporation and Bio-Images Research Limited have been profiled in this 200 pages research available at http://www.rnrmarketresearch.com/smart-pills-market-by-application-capsule-endoscopy-drug-delivery-patient-monitoring-target-area-esophagus-stomach-small-intestine-large-intestine-geography-global-forecast-to-2024-market-report.html .
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