A new report issued by Research and Markets analyzes the sports medicine market and forecasts its growth to 2020.
A media release from Research and Markets explains that, according to the report, the sports medicine market is divided into the following segments, in terms of products: body reconstruction & repair products, body support & recovery products, and accessories.
The body reconstruction & repair products segment (which encompasses implants, fracture and ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics) is estimated to account for the largest share of the sports medicine market in 2015 and grow at the highest rate, per the release.
Also according to the report, the sports medicine market is divided into the following segments, in terms of application: knee injuries, shoulder injuries, elbow & wrist injuries, foot & ankle injuries, hip & groin injuries, back & spine injuries, and other injuries (head, face, finger injuries).
In 2015, the knee injuries segment is expected to account for the largest share of the sports medicine market and grow at the highest rate, the release explains.
The increasing incidence of sports injuries, regular entry of new products and treatment options in the market, growing research in sports medicine, and the popularity of minimally invasive procedures to in treating sport injuries are expected to spur growth in the sports medicine market, according to the release.
However, the release notes that the high cost of implants and the excise tax on medical devices in the US could possibly restrain the growth of this market.
A challenging aspect in the sports medicine market is the need for highly trained professionals, the release continues.
[Source(s): Research and Markets, PR Newswire]
