London, 10 February 2015 – The Global Sports Medicine Devices Market is expected to grow at a CAGR of 4.60 percent from 2014-2019, according to a new report from research firm TechNavio.
About the Report
According to the new report, awareness about active and healthy lifestyles is encouraging people to adopt activities like marathons, triathlons, trekking and hiking.
“The rising interest in sports activities is leading to more sports injuries, which is facilitating the overall growth of the Global Sports Medicine Devices Market,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also emphasizes zero defect reliability of medical devices. Reliability and safety are the critical attributes of a quality medical product, and these aspects cannot be compromised in the healthcare industry.
To ensure zero-defect reliability of medical devices, vendors are coming up with better technologies and improving the precision of their products.
“There is increased use of FMEA tools by manufacturers, which helps assess the risks associated with the devices, and develop strategies to overcome them,” says Ghaus.
“Vendors are expected to come up with sophisticated, advanced technologies that will help increase the adoption of sports medicine devices among end-users and ultimately help the market grow during the forecast period.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- High Interest in Sports Activities
- For a full detailed list, view our report.
Market Challenges:
- Unfavorable Reimbursement Policies
- For a full detailed list, view our report.
Market Trends:
- Zero-Defect Reliability of Medical Devices
- For a full detailed list, view our report.
Key Vendors:
- Arthrex Inc.
- Biomet Inc.
- Smith & Nephew plc
- Stryker Corp.
Other Prominent Vendors:
- BSN Medical
- Cramer Sports Medicine
- DJO Global
- Mitek Sports Medicine
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
