According to a new report from Zion Research, the future of the sports medicine market is bright with an $8.6 billion valuation projected for 2020.
Here's what you need to know.
1. Projections show the market growing by a compound annual growth rate of 4.7 percent between 2015 and 2020.
2. The device market consists of three specific segments: reconstructive devices, support and recovery devices and performance monitoring devices.
Reconstructive devices including foot orthotics and insoles account for 45 percent of the total sports medicine device market.
3. Arthroscopy devices are the most common device in the sports medicine market and account for 23 percent of the market share. Zion projects the arthroscopic device market will expand the most through 2020.
4. The Americas are the world leader in the global market, accounting for a 43 percent market share. Europe and Asia have the second and third largest markets.
The American market should continue its rapid growth. Countries like China, India, Brazil and Russia are the emerging market forces.
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