Favorable government initiatives, large scale collaborations for technical advancements and the changing lifestyle and the desire to remain healthy, healthcare awareness among individuals are key factors contributing to the high CAGR of Sports Medicine Market during the forecast period.
Market Size – USD 6.12 Billion in 2018, Market Growth – CAGR of 6.4%, Market Trends– Adoption of advanced technology
According to the current analysis of Reports and Data, the global Sports Medicine Market was valued at USD 6.12 billion in 2018 and is expected to reach USD 10.12 billion by 2026, at a CAGR of 6.4%. Sports medicine is generally taken to prevent injuries and also for the cure, recovery, and restoration of injuries in athletes during sports/games. Products are used for athletes to improve the condition during injuries and to prevent future progress of injuries. Rise in prevalence of sports injuries is major factor 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. As per the Stanford children’s health statistics (US), 30 million kids and teenagers had been a part of some form of sports in 2018, and 3.5 million injuries are recorded in US. 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. The report of Physical Activity Council proposes that about 66 % of people participated in fitness sports in the year 2018, whereas in 2013, it was around 60.1%. The increase is due to changes in lifestyle, which include smoking, junk food, lack of physical activity (like walking), consumption of alcohol, which leads to life-threatening diseases. 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.
Get a sample copy of the global Sports Medicine market report @ https://www.reportsanddata.com/sample-enquiry-form/2645
Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Top Players in the Global Sports Medicine Market:
Arthrex, Inc (US), Smith & Nephew plc (UK), Stryker Corporation (US), Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US).
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2645
Sports Medicine Market Segmentation:
Products Outlook (Revenue in Million USD; 2016–2026)
- Body Reconstruction Products
- Fracture and Ligament Repair Products
- 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
Applications Outlook (Revenue in Million USD; 2016–2026)
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Hip and Groin Injuries
- Other Injuries
Body Monitoring and Evaluation Devices Outlook (Revenue in Million USD; 2016–2026)
- Cardiac monitoring and evaluation devices
- Respiratory monitoring and evaluation devices
- Hemodynamic monitoring and evaluation devices
- Musculoskeletal monitoring and evaluation devices
- Others
End use outlook (Revenue in Million USD; 2016–2026)
- Hospitals
- Physiotherapy clinics
- Rehab centers
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report @ https://www.reportsanddata.com/report-detail/sports-medicine-market
Further key findings from the report suggest
- According to the EU IDB catalog, 4.5 million people are treated for sports-related injury, which includes age groups above 15-25 years old. Statistics also predicts that the incidences of injuries are expected to increase significantly in the forecast period. The rise in injury is likely to increase in the developing countries, as physical activities are attaining importance in these countries it is expected to fuel the sports medicine market worldwide.
- There is a new evolution for the development of bioresorbable implants. The use of arthroscopic procedures and absorbable implants are common for the treatment of injuries, for better graft fixation.
- Technology on the absorbable polymer, such as the development of calcium polymer composite materials has number of advantages than MRI imaging, metal contamination, and better healing. Meniscus tears are prevalent, where mostly total knee replacement is considered for the treatment.
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2645
Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.
Read More Related Reports:-
Veterinary Electrosurgery Market Size
Browse More Reports:
Aneurysm Clips Market Forecast
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
