The global sports medicine market size was estimated to be US$ 11 billion in 2022 and is expected to reach US$ 23.3 Billion by 2032 at a CAGR of 7.9%.
Sports medicine is a part of medical services that arrangement with upgrading individuals' athletic exhibition. Game medicine items assist individuals with recuperating from wounds and forestall future wounds. Furthermore, sports medicine has shown an impressive development among the wide range of various medical care fields, as experts in this field have the ability to treat a wide range of individuals, and not simply competitors.
Step-up in the demand for sports medicine is seen throughout the years, resulting from the ascent in frequency of sports related wounds alongside step-up in attentiveness among individuals with respect to actual wellness.
Universally, the frequency of sports wounds has expanded in the course of the most recent couple of years, fundamentally because of the developing cooperation in sports just as dynamic investment in health associated activities and exercises mainly because of the developing spotlight on driving solid ways of life.
As per Stanford Children’s Health, around 30 million young people and kids in the US partake in sports every year, and more than 3.5 million sports wounds are accounted for every year. As per the Board of Certification for Athletic Trainers, an expected 2 million intense lower leg wounds happen every year in the US.
With the expanding support in sports especially among kids just as grown-ups and ensuing development in the occurrence of sports wounds, the interest for injury the executives and restoration is relied upon to increment across the globe. This is viewed as a positive pointer of the development of the sports medicine market during 2022-2032.
The major controlling variable for the development of sports medicine market is significant expense of inserts/implants. The expense of these inserts is a significant worry for market development in nations like India, where just a little part of the populace is under protection inclusion.
In 2019, North America ruled the market for sports medicine with the most noteworthy income share. The presence of a very much developed medical services foundation combined with high spending and the accessibility of innovatively progressed clinical gadgets to treat different muscular wounds are a portion of the decisive players driving the market for sports medicine. For example, starting at 2018, Stryker Partnership has introduced in excess of 650 Mako surgical robots all throughout the planet and has performed in excess of 76,900 knee and hip supplanting methodology with these robots.
Be that as it may, Asia Pacific is expected to observe the quickest development during the forecast time frame as the reception pace of sports medicine in nations, for example, China, Japan, and South Korea is expanding ceaselessly. Besides, the administrative cycle for item endorsements is similarly less rigid in these nations, which has worked with the simple section of cutting edge items and clinical gadgets in this market.
Global Sports Medicine Market Value Share Analysis, by Geography (2022)
The report titled “Global Sports Medicine Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Sports Medicine Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Sports Medicine market is segmented as Application, Product, and region. Based on Application, the Sports Medicine market is segmented into Knees, Shoulders, Ankle & Foot, Back & Spine, Elbow & Wrist, Hips, Others. Based on Product, the Sports Medicine market is segmented into 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).
Based on geography, the Global Sports Medicine Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Sports Medicine Market. Further, market share of prominent companies in the Global Sports Medicine Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Sports Medicine companies. The Global Sports Medicine Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Sports Medicine business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Sports Medicine Market.
The key players of the Global Sports Medicine Market are Arthrex, Inc., Stryker, Zimmer Biomet, Smith and Nephew, Wright Group N.V, DJO Global, and others.
Global Sports Medicine Market Key Segments:
Based on Product
Based on Application
By Region
The sports medicine market size is expected to reach US$ 23.3 Billion by 2032.
The sports medicine market is expected grow at a CAGR of 7.9% from 2023 to 2032.
The sports medicine market size was estimated to be US$ 11 billion in 2022.
Major participants in the Sports Medicine industry comprise Arthrex, Inc., Stryker, Zimmer Biomet, Smith and Nephew, Wright Group N.V, DJO Global, and others..
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.
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