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Sports Medicine Market - Global Industry is expected to be US$ 7.7 Billion by 2020

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Published on : Jan 19, 2016

ALBANY, New York, January 19, 2016 – ResearchMoz.us has announced the addition of the “Sports Medicine Market by Application (Hip, Knee, Shoulder, Video, Access, RF Resection, Mechanical Resection), by Company (8 Top Companies Analysis) Global Forecast,” report to their offering. This report provides a detailed executive summary which includes the market snapshot providing extensive information on numerous application areas of the sports medicine market. A thorough qualitative evaluation of the factors that are responsible for fuelling and restraining the growth of the market and the forthcoming opportunities within the market have also been detailed in this study. The report also presents the Porter’s five forces evaluation and a market attractiveness evaluation. The market share evaluation of the prime players operating in the market has also been covered under this research study.

According to the report, the sports medicine market is predicted to touch US$7.7 bn by 2020. The report commences with the forecast of the market for sports medicine for the forecast horizon starting from 2012 to 2020.  Moving further, the report also provides an analysis of the market on the basis of application in the forecast horizon. The report segments the market on the basis of application into knee, shoulder, hip, video, access, mechanical resection, RF resection, and others. Amongst these, in 2014, the segment of shoulder injuries held the largest share in the market. This segment was trailed by the knee segment which constituted the second-largest share in the market. However, the knee segment is predicted to lose some of its market share by 2020. The segments of mechanical resection and access trailed the knee segment and held the third and fourth positions, respectively, in 2014. 

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Moving further, the factors fuelling and restraining the growth of the market for sports medicine have been highlighted. The prime factors stimulating the market are the globally increasing occurrence of sports injuries and the increasing count of sports medicine associations. In addition, the increasing awareness amongst people about sports medicine and the technological advancements in technology are also amongst the key factors driving the market for sports medicine, as per this research study. On the other hand, the factors such as the soaring costs of sports medicine devices and the unsupportive reimbursement policies may inhibit the growth of the market in the coming years. 

In the next section of the study, the forecast and revenue analysis of the sports medicine market, on the basis of key companies operating in the market, has also been presented. The revenue and forecast have been covered for Arthrex, Arthrocare, DePuy Mitek, Biomet (acquired by Zimmer), Smith & Nephew, ConMed Linvatec, Stryker, and others. According to the report, in 2014, Arthrex held the largest share in the market and was trailed by Smith & Nephew. On the other hand, DePu Mitek emerged as the third-largest player in the market for sports medicine and was trailed by Stryker taking the fourth-largest share in the same year. Companies such as Biomet and ConMed have also experienced rise on the basis of revenue in the market for sports medicine.

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