The global Sports Medicine Market is expected to reach USD 11.4 Billion in 2028 and register a steady revenue of 6.4% over the forecast period, according to a latest report published by Reports and Data. Key factors driving global market revenue growth are rising awareness about physical fitness personal health, growing healthcare spending, and increasing focus on developing advanced equipment devices.
In recent years, there has been a steady increase in sports injuries as various schools educational institutes are encouraging sports activities. Similarly, large population across the globe is adopting a healthy lifestyle and adopting daily exercise and sports routine. Sports injuries can be caused to professional athletes, as well as non-athletes due to factors such as practice of improper techniques, lack of conditioning, impact, or insufficient warm-up training. Sports medicine is a branch of specialty medicine that deals with treatment and prevention for various sports exercise-related injuries. Sprains, fractures, stingers, disc injuries, and dislocations are some of the most common sports injuries caused due to playing cricket, football, ice hockey, baseball, volleyball, bicycle riding, and swimming, among others. Rising budget for sports, increasing investments in research development activities, availability of advanced equipment devices for treating sports injuries, and high adoption of 3D printing for making orthopedic devices are boosting market revenue growth.
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Some key highlights of the report:
- Among the application segment, knee injuries segment is expected to account for significantly larger revenue share over the forecast period. Increasing incidence of knee injuries due to sports recreational activities, rapid growth in orthopedics sector, and availability of various advanced treatments equipment for knee injuries are anticipated to boost growth of this segment.
- Based on end-use, physiotherapy centers clinics segment is expected to register fastest revenue CAGR during the forecast period, owing to availability of cost-effective treatments, rising number of well-developed physiotherapy centers clinics, and increasing cases of fractures ligament tears.
- North America is expected to account for largest revenue share in the global sports medicine market between 2021 and 2028. High revenue growth is attributed to factors such as presence of well-established healthcare infrastructure, rising prevalence of sport-related activities, steady inclination towards a healthy lifestyle, and availability of latest treatment procedures.
- Asia Pacific is expected to register rapid revenue CAGR throughout the forecast period, owing to increasing occurrence of knee injuries ligament tears, rising focus on surging sports participation in schools colleges, and higher awareness about overall health physical fitness. In addition, increasing investments to develop enhanced products devices, improving healthcare infrastructure, rising disposable income, and surging healthcare spending are other factors supporting market growth in Asia Pacific.
Key Players covered in this report are
Arthrex, Inc., Smith Nephew plc, Stryker Corporation, DJO Global, Inc., Mueller Sports, Inc., Wright Medical Group N.V., Medtronic, RTI Surgical, Performance Health International Limited, KARL STORZ, Bauerfeind AG, Össur, MedShape, Inc., Cramer Products, Biotek, and RôG Sports Medicine.
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Product Outlook (Revenue, USD Billion, 2018-2028)
- Body Reconstruction Products
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Implants
- Prosthetic Devices
- Orthobiologics
- Body Support Recovery Products
- Braces and Supports
- Compression Clothing
- Physiotherapy Equipment
- Thermal Therapy
- Electrostimulation
- Other Therapies
- Ultrasound Therapy
- Laser Therapy
- Body Monitoring Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Others
- Accessories
Application Outlook (Revenue, USD Billion, 2018-2028)
- Knee Injuries
- Shoulder Injuries
- Foot Ankle Injuries
- Elbow Wrist Injuries
- Back Spine Injuries
- Hip Groin Injuries
- Other Injuries
End Use Outlook (Revenue, USD Billion, 2018-2028)
- Hospitals
- Ambulatory Surgery Centers
- Physiotherapy Centers Clinics
Geographic Segment Covered in the Report:
The Sports Medicine report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Sports Medicine industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Sports Medicine Market report provides key statistics on the market status of the Sports Medicine manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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