The Sports Medicine Market Research Report offers a comprehensive and insightful analysis of the current trends, opportunities, challenges, and growth prospects within the Sports Medicine Market. This meticulously crafted report provides a deep understanding of the market dynamics by examining key market indicators, such as market size, share, and growth rate. Through rigorous data collection and thorough analysis, the report presents valuable information on the competitive landscape, industry segments, and emerging market players.
Moreover, the Sports Medicine Market Research Report delves into the macroeconomic factors, regulatory environment, and technological advancements that are shaping the market’s trajectory. It offers strategic insights to businesses, investors, and stakeholders by highlighting potential investment areas, market entry strategies, and innovative approaches to gain a competitive edge. The report’s findings are presented in a clear and concise manner, enriched with graphical representations and statistical data, aiding readers in making well-informed decisions.
The sports medicine market is a segment within the healthcare industry that specializes in the diagnosis, treatment, and prevention of sports-related injuries and conditions. This market includes a wide range of products, such as braces, supports, joint implants, and arthroscopy devices used by athletes and active individuals. Sports medicine aims to improve athletic performance, facilitate injury recovery, and enhance overall physical well-being. It caters to athletes, sports teams, fitness enthusiasts, and healthcare professionals involved in sports medicine and rehabilitation.
According to the new market research report “Sports Medicine Market by Product (Body Reconstruction, Body Support & Recovery), Application (Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries), End User (Hospitals, Physiotherapy Centers & Clinics) – Analysis & Global Forecast to 2025”
The global sports medicine market size in terms of revenue was estimated to be worth $5.5 billion in 2020 and is poised to reach $7.2 billion by 2025, growing at a CAGR of 5.7% from 2020 to 2025.
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Drivers: Increasing incidence of sports injuries to drive market growth
Globally, the incidence of sports injuries has increased over the last few years, primarily due to the growing participation in sports as well as active participation in fitness activities (as a result of the growing focus on leading healthy lifestyles).
According to Stanford Children’s Health, approximately 30 million adolescents and children in the US participate in sports annually, and more than 3.5 million sports injuries are reported each year. According to the Board of Certification for Athletic Trainers, an estimated 2 million acute ankle injuries occur annually in the US.
The incidence of ligament tears and fractures is high among people participating in sports. Also, the lower extremity constitutes a major portion of sports injuries, globally. With the increasing participation in sports (among children as well as adults) and subsequent growth in the incidence of sports injuries, the demand for injury management and rehabilitation is expected to increase across the globe. This is considered a positive indicator of the growth of the global market.
Market key Players
Arthrex, Inc (US), Smith & Nephew plc (UK), and Stryker Corporation (US). Major 20 players covered.
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