(MoneyNewsWire.Net, January 05, 2018 ) The Europe Sports Medicine Market was worth $1487 million in 2015 and estimated to be growing at a CAGR of 7.28%, to reach $2113 million by 2020. The market is showcasing evident potential in the mentioned forecasting period. Sports medicine market consists of products and procedures that are used by both amateur and professional sportspersons all over the world. Typically, they help them in preventing and curing major ailments occurred due the nature of the games. In some cases, they might enhance their performance also.
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The Europe market for Sports Medicine is categorized by Type into Reconstruction and Repair Products and Support and Recovery Products. Further Reconstruction and Repair Products are segmented into Implants, prosthetics, Arthroscopy, Fracture and Ligament repair and Orthobiologics while Support and Recovery Products are segmented as Braces, Compression clothing, Monitoring Devices, Topical Relief Pain and Thermal Therapy. Orthobiologics is the most promising segment of all, owing to rising global awareness of injuries in sports. Europe along with USA and Japan, with their dominant sporting cultures and developed economies occupy about three fourths of the market.
In addition, By Application the market is analysed as Head injuries, Shoulder injuries, Elbow and Wrist injuries, Back and Spine injuries, Hip and groin injuries, Knee injuries and Foot and Ankle injuries. Besides that, the market is segmented Geographically by Region into UK, France, Germany Italy and Spain.
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Sports Teams often envisage injuries as not only player loss but also monetary loss. So expenditure is high in this sector. Especially in region like EU, where there are many sport franchises and technology is abounded sports medicine has a strong likeness for growth. However, high cost of these products along with maturity of the market acts as a hindrance to the market.
Sports Medicine is a universal requirement panning from low, medium to high income range countries. Some of the major players in European market are Smith & Nephew PLC, Arthrex, Inc., össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet, Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.
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