Global sports medicine device market to reach $8.28B — 8 takeaways

Written by Mary Rechtoris | May 10, 2016 | Print  |

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.

 

More articles on devices:
Dr. David Fischer auctioning off signed 1992 Olympic Men's Basketball Dream Team poster & shoes
Dr. Bryan Kelly performs hip surgery on NY Rangers' Oscar Lindberg: 5 points
Dr. Richard Parker performs surgery on Washington Wizards' John Wall knees: 6 notes

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months