The global sports medicine market will likely hit $12.5 billion by 2025, based on a Grand View Research report.
Here are six observations:
1. An increasing number of sports-related injuries as well as development of minimally invasive products will drive the market's growth.
2. Stryker, Arthrex, ArthroCare, Tornier, Wright Medical Technology, DJO Global, Otto Bock Healthcare, Ossur, Zimmer Biomet and Smith & Nephew lead the market.
3. The knee segment accounted for the largest market share in 2016.
4. Body reconstruction and repair devices accounted for a large market share in 2016, and will likely continue to see significant growth through 2025.
5. Within therapeutics, the cardiology, in vitro diagnostic devices and drug delivery segments came out on top.
6. North America dominated the space in 2016.