Publication Month: May 2022 | Report Code: TIPHE100001113 | No. of Pages: 230 | Category: Medical Device | Status: Published
Sports medicine is a branch of health care that increases athletic performance and improves physical fitness. Sports medicine devices promote early recovery from injuries and prevent the risk of future injuries. Various injuries caused by sports and general exercise are head, knee, and ankle injuries; muscle spasms; sprains and strains; and torn ligaments. These devices can be surgically implanted, externally attached, or used for minimally invasive procedures such as arthroscopy. The devices also comprise performance monitoring devices and various accessories, such as bandages, bands, and slings. Orthopedic devices prevent and treat musculoskeletal problems, such as sprains and strains, fracture and ligament repairs, repetitive motion injuries, and upper and lower back pain associated with sports. In athletes with a physical deformity or any physiological dysfunction, prostheses replace, correct, or support a body part. Amputees of upper and lower extremities use sports prostheses to participate in sports and other physical activities. They help replicate the functions of the fingers, arms, elbows, and other body parts.
The scope of the global sports medicine devices market consists of product, application, end user, and geography. The sports medicine devices market is segmented into five regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The report offers insights and in-depth analysis of the sports medicine devices market, emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.
Get more information on this report :
Medical technologies play a role in many aspects of an athlete's routine, from predicting and preventing sports-related injuries to monitoring fitness and enhancing recovery after a training session or competitive outing. The rise of artificial intelligence (AI), automation, and a host of other technological breakthroughs over the same period is leading to the introduction of innovations to optimize performance, maintain fitness, and extend athletes' careers. Further, new technologies and applications are also showing the potential to provide athletes and their coaches with even more valuable biometric data, including heart rate, metabolism, workload, and core temperature, which, in turn, can be used to detect fatigue and predict its likelihood of future injury.
3D printing is emerging as essential technology, and 3D printing of implants is expected to have a significant impact on orthopedics. Furthermore, this is due to various advantages of 3D printed implants, such as individual adaptation to patient requirements, lower costs (compared to commercially available implants), lower toxicity and higher patient acceptance, and efficient and fast production. For example, in May 2019, Kwambio (a Ukraine-based ceramic 3D printing service provider) launched a 3D bioprinting project called ADAM, which collaborated with WeFund Ventures (a European investment firm). This joint initiative aimed to develop a continuous 3D scanning and 3D printing process for the production of artificial bones. Prosthetic limbs evolved to incorporate advanced materials, such as plastics and carbon fiber composites. Further, technological advances and novel innovations such as bionics, sensors, artificial intelligence, and micro-mechatronics have been achieved in prosthetics. For example, in March 2019, a San Francisco-based company specializing in 3D-printed medical wearables announced the launch of the UNYQ socket, a 3D-printed prosthetic leg at the British Association of Prosthetics and Orthotists (BAPO) in Harrogate, Great Britain.
Additionally, the increasing use of wearable devices such as resistance bands and other sensory aids to monitor stress levels and prevent fatigue-related injuries among athletes is fueling the growth of the sports medicine devices market. For example, Athletigen Technology, Inc., a performance-driven company in Nova Scotia, works with various athletes to use the information they gather about their DNA to improve their performance and health while reducing the incidence of sports-related injuries. Such cases are expected to spur market growth over the forecast period, thereby providing numerous opportunities in the sports medicine devices market.
Based on product, the sports medicine devices market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. In 2022, the body reconstruction and repair segment is likely to hold the largest market share. Body reconstruction is a specialized treatment used for the damaged or injured skin and tissues. The reconstruction and repair helps sport person to get back on the field as quickly as possible. The body reconstruction and repair enables are majorly done by the mode of surgeries that require products, such as autografts, allograft struts, mesh cages, cement augmentation, implants, and expandable cages. Therefore, owing to the advantages of the body reconstruction and repair for the sports injuries, the global sports medicine devices market is likely to grow with a significant growth rate in the coming years. Also, the body monitoring and evaluation segment is likely to register the highest CAGR in the market during the forecast period.
Get more information on this report :
Based on application, the global sports medicine devices market is segmented into elbow and wrist injury, shoulder injury, knee injury, ankle and foot injury, spine injury, and others. The knee injury segment is likely to hold the largest share of the market in 2022. However, the shoulder injury segment is anticipated to register the highest CAGR in the market during the forecast period.
In terms of end user, the global sports medicine devices market is segmented into hospitals and clinics, physiotherapy centers, sport centers, and ambulatory surgery centers. The hospitals and clinics segment is likely to hold the largest market share in 2022, and the physiotherapy centers segment is anticipated to register the highest CAGR in the market during the forecast period.
The COVID-19 outbreak severely affected medical systems in various regions across the world. The global impacts of the outbreak are being felt across several markets. The COVID-19 pandemic had significantly impacted the sports medicine device market. Several sports activities were suspended or postponed at international, regional, and national levels to control the virus spread in the first quarter of 2020. For example, in March 2020, the International Olympic Committee postponed the Tokyo 2020 Olympic and Paralympic Games to 2021. Therefore, fewer sports injuries were recorded during the initial period of the pandemic, which dropped the demand for sports medicine devices. According to a 2021 update from the National Safety Council (NSC) in America, the Consumer Product Safety Commission (CPSC) reported that emergency room visits for consumer product-related injuries had decreased by 24% in the first seven months COVID-19 pandemic. The most significant decrease in injuries was in sports-related injuries related to athletics. However, as sports activities, resume the risk of sports-related injuries have increased again. Therefore, the COVID-19 pandemic had a short-term negative impact on the sports medicine devices market growth. However, the market is expected to grow in the coming years as sports activities started to increase from the end of 2021.
Companies adopt product launches and expansion strategies to expand their footprint across the world, meet the growing demand, and expand their product portfolio.
The players operating in the global sports medicine devices market adopted product innovation strategy to cater to the changing customer demands across the world, which also permits the players to maintain their brand name globally.
By geography, the global sports medicine devices market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
The List of Companies - Sports Medicine Devices Marke
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.