The global Sports Medicine market is segmented into product type, application area and geography. On the basis of product type the market is segmented into orthopedic and support and recovery products. Orthopedic products include arthroscopy devices, fracture repair devices, artificial joint implants, orthobiologics and prosthesis. Support and recovery products include surgical equipment, compression clothing, support devices, tapes, bandages and others. Arthroscopy devices dominate the market due to their joint-related issues. Fracture repair devices and artificial joint implants are also gaining ground due to the rising incidence of fractures and growing demand for joint replacements.
On the basis of application, the market is segmented into Hand-wrist, Shoulders, Ankle-foot, Arm-elbow, Knee, Back-spine and Hip-groin. Shoulder and Knee treatment generated the highest revenue as most sports injuries are knee-related. Furthermore, the increasing number of age-related complications caused by diseases such as rheumatoid arthritis is also fueling market growth.
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Sports medicine is a branch of medicine that deals with the prevention and treatment of injuries incurred during sports activities, exercises or physical fitness training. Sports medicine devices therefore, include a wide range of products utilized for the prevention, recovery and cure of injuries related to the above physical activities. These injuries consist of fractures, sprains, soft tissue damage, joint dislocation, strain and musculoskeletal injuries. The increased global adoption of western sports has given rise to injuries that drive the market for sports medicine devices. Additionally, the growing demand for outpatient, minimally invasive surgeries, the growing awareness regarding the maintenance of an active lifestyle and the changing reimbursement landscape for innovative surgical technologies are key factors contributing to the growth of the sports medicine devices market.
On the other hand, the lack of trained professionals for sports medicine and the exorbitant price of certain devices and products serve to hinder market growth. Nevertheless, a general apprehension of the benefits of sports medicine devices- made possible through training programs and market penetration, and expansion in emerging countries of the Asia-Pacific region present key opportunities for the growth of this market.
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