Rise in participation in sports and other physical activities is expected to enhance the growth of sports medicine devices market from 2018 to 2025.
The global sports medicine devices market is expected to reach US$ 10,662.5 Mn in 2025 from US$ 5,822.6 Mn in 2017. The global sports medicine devices market is estimated to grow with a CAGR of 7.9% from 2016-2025. The market is expected to witness growth due to rise in the number of sports injuries during recent years as well as the preference for minimally invasive procedures for the treatment of sports injuries.
There has been a significant rise in the participation of sports and other physical activities across the globe. With an increase in participation, the cases of sports injuries have also increased significantly. According to a report published in 2017 by BMJ Publishing Group Ltd, stated that in the Rio de Janeiro 2016 Olympic Summer Games nearly 8% of the athletes incurred with one injury during the Olympic Games. Moreover, according to the Stanford Children’s Health data published in 2018, states that in the United States near 3.5 million children and teen has suffered from the injuries and the age group of these children and youngster were in between 14 years and below. It also stated that the highest rates of injuries occurred in the sports that involve contact and collisions, severe injuries occurred during the individual sports and recreational activities. Additionally, approximately 62% of sports-related injuries occurred during the practice sessions. Moreover, according to the Stanford Children’s Health some instances, were given which stated that near 170,000 children in between the age group of 5 to 14years were treated in hospital emergency rooms for basketball-related injuries. Likewise, approximately 47,000 children were treated in hospital emergency rooms for in-line skating-related injuries. Similarly, around 65,000 children were treated in hospital emergency rooms for trampoline-related injuries.
The injuries in the sports are minor most of the times and in cases of the major injuries, orthopedic doctors try to avoid surgical treatments. Most of the time minor injuries can be treated with minimally invasive methods such as physical therapy, bracing & casting, acupuncture, arthroscopic surgery, sports medicine. These treatments are less invasive than surgical procedures and generally requires a shorter recovery period.
Arthroscopic surgery is a minor surgical procedure that is performed on an outpatient basis. This is used to diagnose and treat joint problems primarily in the knee, ankle, and shoulder. While sports medicine is the practice of prevention, diagnosis, and treatment of injuries that are related to sports or exercise. Other than the fractures, injuries such as Achilles tendon ruptures, soft tissue injuries, tendonitis and bursitis, spinal disc injuries and more can be avoided and treated. arthroscopic surgery is a minor surgical procedure that is performed on an outpatient basis. This is used to diagnose and treat joint problems primarily in the knee, ankle, and shoulder. While sports medicine is the practice of prevention, diagnosis, and treatment of injuries that are related to sports or exercise. Other than the fractures, injuries such as Achilles tendon ruptures, soft tissue injuries, tendonitis and bursitis, spinal disc injuries and more can be avoided and treated.
Some of the prominent players operating in sports medicine devices market are Arthrex, Inc., Stryker, Smith & Nephew, RTI Surgical Inc., Mueller Sports Medicine, Inc., DJO Global, LLC, CONMED Corporation, Zimmer Biomet, Wright Medical Group N.V. and DePuy Synthes.
