Global Sports Medicine Devices Market Opportunities & Forecast (2018- Global Sports Medicine Devices Market Opportunitie | Page 2

two basic categories of sports medicine device which include various types of
products such as braces and supports, monitoring devices, joint implants, and
arthroscopy devices, etc. Portable and wearable sports devices are becoming
more popular among sports players and general athletic teams due to their easy
availability and low cost.
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Growing incidence of sports-related injuries, increasing government initiative
and rise in awareness about physical fitness are factors which driving the
market growth during the forecast period. In addition, high penetration of sports
medicine device in emerging countries due to improved healthcare
infrastructure, new innovative treatment, increased affordability due to rising per
capita income is also expected to boost the market growth during the forecast
period. Furthermore, the rise in technological advances, focus on developing
cost-conscious treatment methods and the growing importance of sports
activities among the young as well as the older population act as drivers for the
growth of this market. However, inadequate reimbursement policies in
developed countries, cost containment, lack of skilled healthcare professionals
are some of the factors which hinder the growth of the market.
Various notable players operating in the market, include Smith & Nephew Plc,
Johnson & Johnson, Stryker Corporation, Conmed Corporation, Arthrex, Inc,
Zimmer Biomet Holdings, Inc. Wright Medical Group N.V., Otto Bock Healthcare,
DJO Global, among others. Major players are focussing on research and
development activities to launch innovative therapeutic in the field of sports
medicine.
The global sports medicine devices market has been segmented on the basis of
product type, application, and key geographies. Based on product type, the
market comprises orthopedic products, support and recovery products, body