BANGALORE, India, Sept. 30, 2021 /PRNewswire/ — The Sports Medicine Market Report is Segmented by Type (Reconstructive Products, Support, Recovery Products, Accessories), by Application (Knee, Shoulder, Hip, Spine). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under the Health Category.
The global Sports Medicine market size is projected to reach USD 10270 Million by 2027, from USD 6006.2 Million in 2020, at a CAGR of 7.5% during 2021-2027.
The treatment and prevention of injuries incurred while participating in sports or athletic activities is the focus of sports medicine. In sports, both bone and soft tissue injuries are prevalent. The sports medicine market includes devices for the prevention of sports injuries, as well as the treatment, recuperation, and rehabilitation of such injuries.
Major factors driving the growth of the sports medicine market:
The increased need for minimally invasive (MI) surgeries is one of the key drivers of the sports medicine market. These are the most popular operations because they use power instruments to do small-cut surgeries, which decreases hospital stay, bleeding, and recuperation time, and allows for a quicker return to normal activities.
The introduction of computer-assisted robotic operations and regenerative medicines to reduce recuperation time is also fueling the Sports Medicine market’s expansion.
TRENDS INFLUENCING THE GROWTH OF THE SPORTS MEDICINE MARKET
The increasing incidence of sports injuries is expected to drive the growth of the Sports Medicine market. Sports injuries have been more common in recent years, owing to increased involvement in sports as well as active participation in fitness activities. People who participate in sports have a high rate of ligament tears and fractures. In addition, sports injuries to the lower extremities account for a significant share of all injuries in the world. The demand for injury treatment and rehabilitation is predicted to rise around the world as more people participate in sports (both children and adults) and as the incidence of sports injuries rises. This is viewed as a favorable indicator of the sports medicine market’s expansion.
Emerging countries such as India and China have a huge patient population and are likely to offer substantial growth prospects for sports medicine players, owing to rising disposable incomes (as a result of rapid economic expansion) and increased engagement in sports and physical activities. In addition, governments in these countries are currently working to expand and modernize their healthcare systems. These factors are expected to create lucrative growth opportunities for the sports medicine market.
The growing usage of wearable gadgets like fitness bands and other sensors to monitor stress load and minimize fatigue-induced injuries in athletes has aided the expansion of the sports medicine market.
SPORTS MEDICINE MARKET SHARE ANALYSIS
Support & recovery products are expected to be the most lucrative growth during the forecast period. Before and after reconstruction treatments, products like braces, supports, and physiotherapy equipment are required. As a result of the rising incidence of sports injuries around the world, demand for these devices is expanding.
Based on application, the knee injury segment is expected to be the most lucrative. This is attributed to the fact that a large number of knee injuries are recorded across major sports.
Based on the region, North America is expected to be the most lucrative dominated by the sports medicine industry. Some of the primary factors driving the market for sports medicine include the presence of well-developed healthcare infrastructure, high spending, and the availability of technologically sophisticated medical devices to treat various orthopedic problems.
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SPORTS MEDICINE MARKET SEGMENTATION
- Reconstructive Products
- Recovery Products
- Depuy Synthes
- Smith & Nephew
- North America
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Asia
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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– The global Orthopedic Soft Tissue Repair and Sports Medicine market size is projected to reach USD 12090 Million by 2027, from USD 8626.8 Million in 2020, at a CAGR of 4.5% during 2021-2027.
– The Global Electronic Health Records market size is projected to reach USD 47.25 Billion by 2027, from USD 29.16 Billion in 2020, at a CAGR of 7.14% during 2021-2027.
– The global Regenerative Medicine market size is projected to reach USD 116810 Million by 2027, from USD 33730 Million in 2020, at a CAGR of 19.4% during 2021-2027.
– The global telemedicine market size was valued at USD 40,205.68 Million in 2020 and is estimated to reach USD 431,823.81 Million by 2030, growing at a CAGR of 25.90% from 2021 to 2030.
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