The global sports medicine market is expected to grow at a compound annual growth rate of 6.8 percent though 2022, according to a Wise Guy Reports.
Here are four takeaways:
1. Valued at $31.5 billion in 2014, the market will likely reach $53.6 billion in 2022.
2. Increased sports injuries as well as growing economies will spur market growth throughout the forecast period.
3. The absence of trained professionals and the high cost of sports medicine products will likely hinder market growth.
4. Market leaders include:
• Arthrex in Munich, Germany
• Zimmer Biomet in Warsaw, Ind.
• Arthrocare in Austin, Texas
• Conmed Corp. in Utica, N.Y.
• Stryker Corp. in Kalamazaoo, Mich.
• Otto Bock Healthcare in Duderstadt, Germany
• DJO Global in Vista, Calif.
• Smith & Nephew in London, United Kingdom
• Xiros in the United Kingdom