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.
More articles on orthopedic devices:
Sonoma Orthopedic Products receives $12M in financing round
The future of big orthopedic device companies: Boom or bust?
Autocam Medical acquires Southeastern Technology
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
