The global sports medicine devices market is on track to surpass $9.3 billion by 2022, based on a Market Research Engine report, according to medGadget.
Here are five observations:
1. The market will likely grow at compound annual growth rate of more than 8 percent through 2022.
2. Increasing popularity of outpatient and minimally invasive procedures will spur the global sports medicine devices market growth.
3. Additionally, more people engaging in active lifestyles and evolving reimbursements for new technologies will boost the market.
4. Sports medicine devices' costliness and a dearth of trained sports medicine professionals stand to hurt market growth.
5. Dominant market players include Arthrocare Corp., Zimmer Biomet, Arthrex, Cayenne Medical, Breg, Wright Medical Group, Smith & Nephew, Mueller Sports Medicine and FH Orthopedics.