North America Sports Medicine Market 2018: Analysis, Research, Tenders, Growth, Tendencies and Forecast to 2023
The North American sports medicine market is expected to register a CAGR of 7.4% during the forecast period of 2018–2023. The United States is anticipated to dominate the market during the forecast period owing to the growing healthcare infrastructure and
(EMAILWIRE.COM, May 31, 2018 ) The North American sports medicine market is expected to register a CAGR of 7.4% during the forecast period of 2018–2023. The United States is anticipated to dominate the market during the forecast period owing to the growing healthcare infrastructure and favorable insurance coverage in the region.
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Rising Incidence of Sports-related Injuries
According to a study conducted by the Johns Hopkins University, in the United States, about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year are experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related. The most common injuries are sprains and strains. Moreover, trends suggest that incidences of injuries will increase significantly in the coming years. The high rate of injury in the United States is likely to drive the sports medicine market in North America. Additionally, developments in the field of regenerative medicine, and increased adoption of minimally invasive procedures, such as arthroscopy, are further driving the market for sports medicine.
Key Companies Mentioned:
Arthrex, Inc., Conmed Corporation, Johnson & Johnson, Medtronic Plc, Mueller Sports Medicine, Inc., Performance Health, Smith & Nephew Plc, Stryker Corporation, Wright Medical Group, Zimmer Biomet Holdings, Inc.
Browse the complete report @ http://www.orbisresearch.com/reports/index/north-america-sports-medicine-market-segmented-by-product-application-and-geography-growth-trends-and-forecast-2018-2023?utm_source=r0h!t
Medical Devices Excise Tax
The Medical Device Excise Tax (MDET) on medical devices in the United States, is set to come back into force in early 2018. Originally implemented in 2013 as a part of the US Patient Protection and Affordable Care Act (ACA, or Obamacare), MDET imposed a 2.3% excise tax on manufacturers and importers of “taxable medical devices” sold in or imported to the United States. Medical device manufacturers and importers will have to report sales of taxable devices to the US Internal Revenue Service (IRS) for the first quarter of 2018, no later than April 30. The implementation of MDET on medical devices will pose a negative impact on the sale of medical devices in the United States, which is the major market in North America, and thus, may impede the growth of the sports medicine market. Additionally, the high cost of implants and devices are also likely to hinder the market.
United States to Dominate the Market
The United States dominates the sports medicine market. The factors attributing to the growth of this region are the increase in awareness among people regarding physical fitness and rise in the number of sports injuries in the region. Mexico is anticipated to grow tremendously during the forecast period owing to the growing government initiative to promote sports activity in the country.
Key Developments in the Market
Stryker and AlloSource announced collaboration to distribute biologics for use in sports medicine procedures.
Stryker’s Endoscopy division acquired Ivy Sports Medicine, LLC, whose portfolio comprises of a comprehensive minimally invasive meniscal repair platform.
Reasons to Purchase the Report
Follow the current and future North American sports medicine market in the developed and emerging markets.
Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis.
Identify the segment that is expected to dominate the market.
Identify the regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Place a purchase order of this report @ http://orbisresearch.com/contact/purchase/2131813?utm_source=r0h!t
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Request a sample of this report @ http://orbisresearch.com/contacts/request-sample/2131813?utm_source=r0h!t
Rising Incidence of Sports-related Injuries
According to a study conducted by the Johns Hopkins University, in the United States, about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year are experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related. The most common injuries are sprains and strains. Moreover, trends suggest that incidences of injuries will increase significantly in the coming years. The high rate of injury in the United States is likely to drive the sports medicine market in North America. Additionally, developments in the field of regenerative medicine, and increased adoption of minimally invasive procedures, such as arthroscopy, are further driving the market for sports medicine.
Key Companies Mentioned:
Arthrex, Inc., Conmed Corporation, Johnson & Johnson, Medtronic Plc, Mueller Sports Medicine, Inc., Performance Health, Smith & Nephew Plc, Stryker Corporation, Wright Medical Group, Zimmer Biomet Holdings, Inc.
Browse the complete report @ http://www.orbisresearch.com/reports/index/north-america-sports-medicine-market-segmented-by-product-application-and-geography-growth-trends-and-forecast-2018-2023?utm_source=r0h!t
Medical Devices Excise Tax
The Medical Device Excise Tax (MDET) on medical devices in the United States, is set to come back into force in early 2018. Originally implemented in 2013 as a part of the US Patient Protection and Affordable Care Act (ACA, or Obamacare), MDET imposed a 2.3% excise tax on manufacturers and importers of “taxable medical devices” sold in or imported to the United States. Medical device manufacturers and importers will have to report sales of taxable devices to the US Internal Revenue Service (IRS) for the first quarter of 2018, no later than April 30. The implementation of MDET on medical devices will pose a negative impact on the sale of medical devices in the United States, which is the major market in North America, and thus, may impede the growth of the sports medicine market. Additionally, the high cost of implants and devices are also likely to hinder the market.
United States to Dominate the Market
The United States dominates the sports medicine market. The factors attributing to the growth of this region are the increase in awareness among people regarding physical fitness and rise in the number of sports injuries in the region. Mexico is anticipated to grow tremendously during the forecast period owing to the growing government initiative to promote sports activity in the country.
Key Developments in the Market
Stryker and AlloSource announced collaboration to distribute biologics for use in sports medicine procedures.
Stryker’s Endoscopy division acquired Ivy Sports Medicine, LLC, whose portfolio comprises of a comprehensive minimally invasive meniscal repair platform.
Reasons to Purchase the Report
Follow the current and future North American sports medicine market in the developed and emerging markets.
Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis.
Identify the segment that is expected to dominate the market.
Identify the regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Place a purchase order of this report @ http://orbisresearch.com/contact/purchase/2131813?utm_source=r0h!t
About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Contact Information:
Orbis Research
Hector Costello
Tel: +1 (214) 884-6817
Email us
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Orbis Research
Hector Costello
Tel: +1 (214) 884-6817
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results