From 2013 to 2019, the global sports medicine devices market is expected to grow at a compound annual growth rate of 4.4 percent.
Here are eight takeaways:
1. In 2012, the market was valued at $6.1 billion.
2. By the end of 2019, the market is projected to reach $8.28 billion.
3. The rising prevalence of sports-related injuries is the market's primary driver.
4. More cost-effective treatment, a growing geriatric population and more disposable income are fueling market growth.
5. Developed economies' unfavorable reimbursement for sports-related injuries poses as a barrier to market growth.
6. Arthroscopy devices reached $1.59 billion in 2012. This segment of the market is expected to grow at a compound annual growth rate of 5.8 percent from 2013 to 2019.
7. North America led revenue in the market in 2010 with a net worth of $2.48 billion.
8. Market players include Zimmer, Wright Medical Technology, Stryker, Smith & Nephew, Skins International Trading, OttoBock Healthcare, Ossur, Mueller Sports Medicine, DJO Global, Conmend, BREG, Biomet, ArthroCare, Arthrex and 3M Ace Brand.
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