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Posts tagged ‘Sports Medicines Industry’

Sports Medicines Market: The U.S. Industry Analysis and Forecast to 2020

Sports medicines refer to a branch of medicines that deal with treatment and prevention of the injuries and disorders that are caused by participation in sports and exercise. The U.S. has the largest market for sports medicines. This is due to high number of cases of sport injuries and raised awareness for these devices. Various devices such as splints and braces are used to safeguard the injured area.  Implants such as artificial knee, meniscus and cartilage may be used for bone and cartilage reconstruction. Ligament and tendon surgeries are the most common type of sports injury surgeries that involve strains, cramps, sprains, tendon tear, ligament tear and muscle tears. On the basis of type of products, the U.S. sports medicines market can be segmented into arthroscopy devices, braces, prosthetics, artificial joint implants, orthobiologics, fracture repair devices and performance monitoring devices.

Knee surgeries hold the largest segment for the U.S. sports medicine market. This is due to significant increase in the incidence of ACL/PCL injuries in the country.  Factors such as, increase in participation in sports and easy availability of advanced healthcare services are driving the U.S. sports medicines market. According to Safe Kids Worldwide, an organization in the U.S., every year about 1.35 million cases of sports injuries among youngsters are registered in the U.S. In addition, non-availability of any other substitute, increased healthcare expenditures and rising cases of obesity are driving the U.S. sports medicines market. However, poor conditions of reimbursement, lack of awareness among peope for sports medicines are restraining the U.S. sports medicines market. In addition, rising surgical costs is restraining the U.S. sports medicines market.

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