The sports medicine market is expected to grow, according to a report from Transparency Market Research Reports.
Here are eight key points:
1. The United States sports medicine market is expected grow at a 4.4 percent compound annual growth rate through 2019.
2. The global sports medicine device market is highly consolidated, leaving few local and regional players in some geographic locations.
3. The arthroscopy devices segment was the largest segment in 2012, followed by braces. The lowest segments included orthobiologics, accessories and performance monitoring.
4. Increased interest in popular sports activities and a growing geriatric population will drive the sports medicine market. The demand for arthroscopic procedures is a huge factor in the global device market.
5. Companies booking for cost-effective solutions for treating sports injuries will also promote future growth.
6. In developing countries, a larger number of people have disposable income, which boosts the global sports medicine market growth.
7. Reimbursement could be a roadblock for sports medicine, as unfavorable policies developed in some countries could "impart a downward thrust to the market during the forecast period."
8. Companies listed in the market report as "key" companies include ArthroCare, Arthrex, Stryker, Biomet, OttoBock Healthcare GmbH, DJO Global, Zimmer, Ossur hf and Wright Medical.