Sports Medicine Market – Overview
Considering the rapid expansions the market is perceiving
currently and the potential this market holds to grow further, Market Research
Future (MRFR) recently published a study report, giving out a complete market
insight for the period 2022 – 2030. In its analysis, MRFR asserts that the
global Sports Medicine market
size will reach up to 7.65 % CAGR during the review period (2022
– 2030).
The Sports Medicine Market is a dynamic sector focused on
preventing, diagnosing, and treating injuries related to sports and physical
activities. It encompasses a wide range of products and services, including
orthopedic implants, braces, rehabilitation equipment, and surgical devices.
The market is driven by factors such as the growing number of sports injuries,
increasing participation in sports and fitness activities, advancements in
technology, and rising healthcare expenditure. Key players in the market are
continually innovating to develop more effective treatments and products,
catering to the needs of athletes and individuals seeking active lifestyles.
Overall, the Sports Medicine Market continues to expand globally, fueled by
both demand and innovation.
The Orthopedic Sports
Medicine market is witnessing significant growth
driven by an increasing emphasis on sports-related injuries and the growing
participation in sports and physical activities worldwide. As more individuals
engage in athletic pursuits, the demand for advanced orthopedic sports medicine
solutions rises. This market encompasses a wide range of products and services
aimed at treating and preventing sports injuries, including orthobiologics,
arthroscopic devices, and surgical implants. Additionally, non-invasive treatments
such as physical therapy and regenerative medicine techniques are gaining
traction. Orthopedic Sports Medicine is a critical component of the broader
sports medicine industry, catering to the specific needs of athletes and active
individuals.
Global Sports Medicine Market –Competitive Analysis
The global Sports Medicine market appears to be fiercely
competitive and fragmented with many well-established players having the global
presence. Brand reinforcement, mergers & acquisitions, and innovation
remain the popular trends for the key players in the market.
Sports Medicine
Companies are including.
- Medtronics
- Stryker
- Zimmer
Biomet
- CONMED
Corporation
- DePuy
Synthes
- GE
Healthcare
- Smith
& Nephew plc
- Arthrex,
Inc.
Global Sports Medicine Market –Segmentations
MRFR has segmented the Sports Medicine Market into Five key
dynamics
By Products
: Comprising Flavors Support
& Recovery Products, Joint Reconstructive & Repair Products, and
Accessories & Consumables, among others.
By Applications
: Knee Treatment, Shoulder Treatment, Hip Treatment, and Spine Treatment,
among others.
By Procedures
: Tendon to Bone, Tendinosis, and Cartilage Repair,
among others.
By End-Users : Trauma
Centers, Hospitals & Emergency Care, and Ambulatory Care, among others.
By Regions
: North America, Europe, APAC and Rest of the
World.
Segment Tendinosis by procedures commands the largest share market
of 54% in global sports medicine market.
Global Sports Medicine Market -Geographical Analysis
Geographically, North America accounted for the leading market for
Sports Medicine, capturing 39 % of market share, valuing USD 1,883.6 Million in
2016, followed by the markets of Europe & Asia Pacific, respectively. The
market is growing due to the significant contributions from the burgeoning
market of the US backed by the high expenditure on healthcare coupled with the
increasing prevalence of sports injuries and increasing number of sports
medical centers. Moreover, growing demand for the Sports Medicine provides
impetus to the market growth. Continuing with the same trends, the North
America market is expected to create a larger revenue pocket in the global
market by 2023.
On the other hand, Europe, the world’s second-largest market for
Sports Medicine is driven by the high per capita income and well-established
healthcare penetration in the region. The strong market growth in the countries
like Germany & France drives the regional market growth large scale. With
the increasing investment in healthcare and rising number of sports injuries,
the market is projected to register a phenomenal CAGR.
Asia Pacific market for the Sports Medicine is expected to
perceive an exponential growth owing to the growing markets of India &
China backed by the vast population and the increasing number of sports medical
centers in the region. Vietnam, Thailand, and Malaysia among the other South
East Asian countries are projected to contribute significantly to the regional
market growth. With the growing Medical Tourism markets in India &
Malaysia, the APAC region will register a CAGR during the review period.
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