Market Overview —
The sports medicine market is expected to register a CAGR of 7.5% during the forecast period (2019-2024). Certain factors that are fuelling the market include rising burden of sports injuries, consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries.
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Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. According to the sports injury Stanford children health statistics, in the United States, about 30 million kids and teenagers participate in some form of organized sports. More than 3.5 million injuries occur each year in the United States, which cause some loss of time of participation experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related injuries.
Similarly, the European countries have a large population engaged in various sports, like football, basketball, volleyball, rock climbing, boating, bike, car racing, etc., which carry an inherent risk of serious injuries or wear and tear, due to extreme training programs. It is estimated that approximately six in 1,000 unintentional fatal injuries can be attributed to sports, such as rock climbing, water sports, or horse-related sports (Equestrian Activities).
About 4.5 million people, aged 15 and over, have been treated in hospital for a sports injury (as defined by the EU IDB catalog of sports). According to the statistics, about 25% of sports injuries affect the 15-24-year-old category. Team ball sports, a major segment of sporting category in Europe, account for approximately 40% of all hospital-treated sports injuries. Apart from EU IDB, as per the Stop Sports Injuries, Youth Sports Injury Statistics, 2016, about 40% of all sports-related injuries treated in hospitals are for children in the age group of 5-14 years.
Moreover, trends suggest that incidences of injuries are expected to increase significantly in the coming years. Additionally, the rate of injury is expected to increase in the developing part of the world, as sports and physical activities are gaining significance in the region. The current high rate of injury in the developed countries, along with increasing incidences of injury in developed and developing countries, is expected to drive the sports medicine market across the world.
Scope of the Report
Sports medicine acts as a bridge between science, exercise, and health. Moreover, it catalyzes scientific assessment, study, and understanding of sports performance. It involves combined efforts of athletic trainers, physicians, physical therapists, and sports scientists to collaborate and provide the best possible medical care for athletic injuries and illnesses.
Brief about Sports Medicine Market Report with TOC@ http://www.arcognizance.com/report/sports-medicine-market-growth-trends-and-forecast-2019-2024
Key Market Trends
Implants are Expected to Grow at a Faster Pace in the Product Segment
Under sports injuries sub-segment of the market studied, there has been a continuous evolvement toward the development of bioresorbable implants. The use of arthroscopic procedures and absorbable implants are quite common for the treatment of sports injuries, for secure graft fixation.
The companies are advancing their technology on the absorbable polymer, such as the development of calcium polymer composite materials for a number of advantages over MRI imaging, metal contamination, and better healing, over a period of time. In major sports injuries, meniscus tears are very common, where often total knee replacement is considered for the treatment. However, in regards to the same, Active Implants has made significant advancements with its NUsurface Meniscus Implant, for the treatment of persistent knee pain.
United States Dominates the Market in the North American Region and is Anticipated to Follow the Same Trend in the Future
The United States has the largest share in the market, mainly due to the high frequency of sports injuries occuring in the region. About 30 million children and teens in the country participate in some form of organized sports.
According to the Stanford Children's Health report, more than 3.5 million injuries occur in the United States each year, which results in loss of time of participation. One-third of the injuries that occur in childhood are sports-related, among which, sprains and strains are the most common.
Around 21% of all traumatic brain injuries among American children are from sports and recreational activities. Injuries in the knee (Patellofemoral Syndrome), shoulder, elbow, sciatica, and hamstring strain (muscle or tendon) are the most common sports injuries in the country.
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Some Points from TOC:
Chapter One: INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidence of Sports Injuries
4.2.2 Consistent Innovation of New Products and Treatment Modalities
4.2.3 Rising Demand for Minimally Invasive Surgeries
Chapter Five: MARKET SEGMENTATION
5.1 By Product
5.1.2 Arthroscopy Devices
5.1.6 Bandages and Tapes
5.1.7 Other Products
5.2 By Application
5.2.1 Knee Injuries
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