SPORTS MEDICINE DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

The global sports medicine devices market is poised to grow substantially in the coming years. The rising popularity of sports and physical fitness activities among both young and elderly population is a key growth driver. Furthermore, increasing awareness about the benefits of exercise and sports is also fueling the demand for sports medicine devices globally. With rising health consciousness, many countries are focusing on preventive healthcare, which provides opportunities for companies in this market.

The Orthopedic Products sub segment dealing with biologic substances and technologies used to promote the regeneration of injured or damaged tissues is expected to witness the fastest growth due to increasing success of stem cell therapies. Among regions, North America dominates currently, however Asia Pacific is likely to overtake other regions owing to rising medical tourism and growing healthcare spending in China and India. High cost of surgeries may have a negative impact on the market especially in developing countries.