Global sports medicine devices market to hit $8.63B by 2020 — 6 observations

Written by Megan Wood | February 22, 2017 | Print  |

Zion Research analysts anticipate the global sports medicine market to grow at a compound annual growth rate of 4.7 percent through 2020.

Here are six observations:

 

1. The market totaled $6.61 billion in 2014, and is expected to hit $8.63 billion by 2020.

 

2. In 2014, the reconstructive devices segment captured 45 percent of the market share.

 

3. In terms of applications, the knee segment dominated the market accounting for 19 percent of the market.

 

4. Arthroscopy devices dominated the market in 2014, in terms of the treatments sector.

 

5. The Americas dominated the space, accounting for 43 percent of the global market. Europe came in second, followed by the Asia-Pacific region.

 

6. Dominant market players include:

 

• Arthrex in Naples, Fla.
• Arthrocare in Austin, Texas
• Zimmer Biomet in Warsaw, Ind.
• Stryker Corp. in Kalamazoo, Mich.
• Wright Medical Technology in Memphis, Tenn.
• DJO Global in Vista, Calif.
• OttoBock Healthcare in Duderstadt, Germany
• Ossur in Reykjavik, Iceland

 

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