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North America Sports Medicine Devices Market Forecast 2019-2027

KEY FINDINGS
The North American market for sports medicine devices is estimated to grow, gathering a CAGR of 4.49% during the forecasted period of 2019-2027. The increasing innovations in arthroscopy devices, monitoring devices, implants, and prosthetics, coupled with the introduction of generic implants, and the rising sports injuries, are the factors pushing for market growth.

MARKET INSIGHTS
The North American regional market is segmented into two market regions, the United States and Canada. The rising prevalence of athlete disorders is the primary contributing factor in the market growth of the US region. The increased participation in organized sports by the youth population is another factor that aids market growth. The region is also witnessing the entry of several established sports medicine and biotechnology medicine companies, due to partnerships and collaborations, thereby introducing solutions in the market. This leads to increased patient outcomes. In the Canadian region, the type of injuries varies, with cycling-related injuries topping the list. At the same time, the increase in the awareness of a healthy lifestyle, and the rising preference for minimally invasive techniques, are driving the growth of the market region. Thus, the increase in the number of athletes and their participation, and the subsequent sports injuries is estimated to increase the overall market growth of the region.

COMPETITIVE INSIGHTS
The increasing participation and innovations by the domestic and global players are propelling the growth of the market. Stryker Corporation, Breg, Inc., Smith & Nephew Plc, Bioventus Llc, Djo North America, Arthrex, Conmed Corporation, etc. are some of the companies that make it to the list of established companies in the market.

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North America Sports Medicine Devices Market Forecast 2019-2027
Published By :Inkwood Research
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