KEY FINDINGS The North American market for sports medicine devices is estimated to grow, gathering a CAGR of 4.49% during the forecasted period of 2019-2027. The increasing innovations in arthroscopy devices, monitoring devices, implants, and prosthetics, coupled with the introduction of generic implants, and the rising sports injuries, are the factors pushing for market growth.
MARKET INSIGHTS The North American regional market is segmented into two market regions, the United States and Canada.The rising prevalence of athlete disorders is the primary contributing factor in the market growth of the US region.
The increased participation in organized sports by the youth population is another factor that aids market growth.The region is also witnessing the entry of several established sports medicine and biotechnology medicine companies, due to partnerships and collaborations, thereby introducing solutions in the market.
This leads to increased patient outcomes.In the Canadian region, the type of injuries varies, with cycling-related injuries topping the list.
At the same time, the increase in the awareness of a healthy lifestyle, and the rising preference for minimally invasive techniques, are driving the growth of the market region. Thus, the increase in the number of athletes and their participation, and the subsequent sports injuries is estimated to increase the overall market growth of the region.
COMPETITIVE INSIGHTS The increasing participation and innovations by the domestic and global players are propelling the growth of the market. Stryker Corporation, Breg, Inc., Smith & Nephew Plc, Bioventus Llc, Djo North America, Arthrex, Conmed Corporation, etc. are some of the companies that make it to the list of established companies in the market.
Our report offerings include: • Explore key findings of the overall market • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges) • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions • Market Segmentation cater to a thorough assessment of key segments with their market estimations • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc. • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc. • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Companies mentioned 1. ARTHREX 2. BIOVENTUS LLC 3. BREG, INC. 4. CONMED CORPORATION 5. DJO GLOBAL 6. GENERAL ELECTRIC COMPANY 7. JOHNSON & JOHNSON COMPANY (DEPUY SYNTHES) 8. MUELLER SPORTS MEDICINE, INC. 9. ORTHOFIX INTERNATIONAL N.V. (BREG, INC.) 10. RTI SURGICAL INC. 11. SMITH & NEPHEW PLC 12. STRYKER CORPORATION 13. WRIGHT MEDICAL GROUP N.V. 14. ZIMMER BIOMET HOLDINGS INC
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