Sports Medicine Market Size – USD 5.19 billion in 2019, Market Growth - CAGR of 5.6%, Market trends – Adoption of advanced technology.
The rise in the prevalence of sports injuries is a major factor in driving the market growth. The injuries include various kinds of strains and sprains. It also includes spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. Sports medicine has undergone satisfactory growth from among other healthcare fields, as these treatments can be provided for other individuals as well and not just for athletes. The extended rise in the demand for sports medicine is due to an increase in sports injuries. With an increase in awareness among individuals for physical fitness, the government is also actively taking initiatives for sports medicine to increase the participation of athletes around the globe.
However, due to the declined rate of skilled professionals in and inappropriate knowledge and guidelines about sports medicine are a restraint to the market growth. Also, the occurrence of chronic diseases worldwide has further associated with adopting a healthy lifestyle. Rising awareness about these diseases has inspired people to participate in various physical activities. Growing career opportunities for sports is also responsible for the rise in the number of athletes, resulting in quick demand in sports injury management services.
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Top competitors of the sports medicine Market profiled in the report include:
Arthrex, Inc., Smith & Nephew plc, Stryker Corporation, Breg Inc., DJO Global, Inc., Mueller Sports, Inc., Wright Medical Group N.V., Medtronic, RTI Surgical, Performance Health International Limited, KARL STORZ, and Bauerfeind AG, among others.
Some Key Highlights from the Report
The body support and recovery product segment are expected to grow significantly due to the requirement of products such as braces, physiotherapy equipment, and support required for reconstruction. The demand for the product is growing due to the increase in the number of surgeries.
The knee injuries segment growth is attributed to the increase in the number of injuries in the major sports. The segment held the largest market share in the application segment.
An increase in the incidence of cardiac arrest and heart issues is increasing the demand for cardiac monitoring and evaluation devices. These devices are used to monitor myocardial infarction, arrhythmia, and QT-interval monitoring.
Asia-Pacific regional segment of the market is expected to remain the highest growing segment during 2020-2027, at a CAGR 5.9% owing to increased initiatives taken for physical fitness by individual and funding provided by the government organizations.
Report Scope:
Historical Data: 2016-2018
Forecast Period: 2020-2027
CAGR: 5.6%
Base Year: 2019
Number of Pages: 250
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For the purpose of this report, Emergen Research has segmented into the global Sports Medicine Market on the basis of products, applications, body monitoring, and evaluation devices, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Body Reconstruction Products
Fracture and Ligament Repair Products
Assays Arthroscopy Devices
Implants
Prosthetic Devices
Orthobiologics
Body Support and Recovery Products
Braces and Supports
Compression Clothing
Physiotherapy Equipment
Thermal Therapy
Electrostimulation
Other Therapies
Ultrasound Therapy
Laser Therapy
Accessories
Tapes
Disinfectants
Wraps
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Knee Injuries
Shoulder Injuries
Foot and Ankle Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Others
Body Monitoring and Evaluation Devices Outlook (Revenue, USD Billion; 2017-2027)
Cardiac monitoring and evaluation devices
Beverages Respiratory monitoring and evaluation devices
Hemodynamic monitoring and evaluation devices
Musculoskeletal monitoring and evaluation devices
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Hospital
Physiotherapy clinics
Rehabilitation centers
Regional Analysis of the sports medicine Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Information found nowhere else
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