Sports Medicine Market to achieve CAGR of 7.9% by 2032, owing to increasing participation of people in fitness related activities | insightSLICE
According to estimates, the worldwide Sports Medicine market was worth US$ 7.9 billion in 2021, growing at a CAGR of 7.9% through 2032.
Sports medicine is a subset of emergency care that deals with improving people’s sports performance and managing sport-related injuries.
Items used in game medicine help people heal from injuries and prevent new ones. In addition, sports medicine has advanced significantly compared to other medical specialties since professionals in this field may treat a wide spectrum of patients, not just athletes.
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The key players of the Global Sports Medicine Market are:
The main companies involved in the Global Sports Medicine Market include DJO Global, Zimmer Biomet, Stryker, Arthrex, Inc., Wright Group N.V., and Smith and Nephew, among others.
Growth of the Sports medicine market:
As sports-related injuries have become more frequent and people have become more aware of their health, there has been an increase in the need for sports medicine over time.
All across the world, the incidence of sports injuries has increased over the last few years, mostly due to the growing cooperation in sports as well as the dynamism of investment in health-related activities and workouts due to the growing emphasis on promoting healthy lifestyles.
Approximately 30 million children and adolescents participate in sports each year in the US, and more than 3.5 million sports-related injuries are reported each year, according to Stanford Children’s Health. According to the Board of Certification for Athletic Trainers, the US experiences 2 million severe lower leg wounds annually.
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The interest in injury management and recovery is expected to grow globally as a result of the growing popularity of sports, particularly among children and adults, and the consequent increase in the incidence of sports injuries.
This is seen as a promising indicator of the growth of the sports medicine business between 2023 and 2032. The high cost of inserts and implants is the main factor influencing how the sports medicine market develops.
In countries like India, where only a small portion of the population is covered by protective inclusion, the cost of these plugs is a key concern for market development.
Global Sports Medicine Market Key Segments:
Based on Product
- Body Reconstruction & Repair
- Surgical Equipment
- Soft Tissue Repair
- Bone Reconstruction Devices
- Body Support & Recovery
- Braces and Other Support Devices
- Compression Clothing
- Hot & Cold Therapy
- Body Monitoring & Evaluation
- Cardiac
- Respiratory
- Hemodynamic
- Musculoskeletal
- Others
- Accessories
- Bandages
- Tapes
- Disinfectants
- Wraps
- Other
- Others
Based on Application
- Knees
- Shoulders
- Ankle & Foot
- Back & Spine
- Elbow & Wrist
- Hips
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
Regional performance of Sports Medicine Market
With the largest significant income share in 2019, North America dominated the sports medicine market.
One of the key factors influencing the market for sports medicine is the existence of a highly established medical care framework coupled with high expenditure and the availability of innovatively advanced clinical devices to treat various muscular injuries.
For instance, since 2018, Stryker Partnership has distributed more than 650 Mako surgical robots worldwide and has used these robots to conduct more than 76,900 hip and knee replacement procedures.
But despite this, Asia Pacific is anticipated to experience the fastest growth throughout the projection period due to the region’s continued growth in the acceptance of sports medicine in countries like China, Japan, and South Korea.
Additionally, the approval process for products is less rigorous in these countries, which has benefited the market’s straightforward segment of cutting-edge goods and medical devices.
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Market report for Sports Medicine provide valuable statistics and market projections:
The Sports Medicine Market study concentrates on volume, advancements, and expectations for this business from 2023 to 2032.
The report will include comprehensive brand presence and industry prognosis for each of the main competitors in the sports medicine market, while also taking into account the market’s strong competition.
The report would also cover the major market trends, including geographic sales and profits, competitive marketing tactics, scientific research and innovations, managerial and contractor characteristics, and other pertinent facts and statistics about the global Sports Medicine Market.
The research will provide a thorough examination of the top businesses that dominate the vast majority of the global sports medicine market. By focusing on all core business divisions that are prevalent in this market, we would be able to identify the sectors of the economy with the most potential.
Additionally, the share of the market of all major producers in the sports medicine industry would be assessed based on a variety of statistical features.
The report will also examine crucial competitor information, such as corporate market expansion, brand and product inventories, new development forecasts, assessments of strengths and potential, and a study of weaknesses and concerns in the production of sports medicines.
The participants in the market’s production, transportation, and marketing chains will all be taken into account in this study, and their impacts on market growth will be highlighted.
You will be made aware of regulatory obstacles in a separate area along with the most recent clinical trial results. Additionally, pertinent data will be provided to assist better business decisions under the product offering and recent news area.
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