Market Size – USD 5.19 billion in 2019, Market Growth – CAGR of 5.6%, Market trends – Adoption of advanced technology.
The latest market intelligence report on the Sports Medicine market aims at exploring the unknown and coming up with solutions to the potential threats and challenges faced by the Sports Medicine market for the forecast period, 2020 – 2027.
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.
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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.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants 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.
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
Helping you establish a strong foothold in the industry
The Sports Medicine report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
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The research provides answers to the following key questions:
What is the estimated size of the Sports Medicine market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Sports Medicine market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Sports Medicine market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Sports Medicine market worldwide?
Thank you for reading our report. For further information or queries about the report or customization options, please get in touch with us. We will ensure your report is tailored according to your requirements.
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