Sports Medicine Market Market Global Industry Size, Share, Demand, Growth Analysis and Forecast By 2028
In this Sports M edicine Market market report,
industry trends have been explained on the macro level which makes it possible
to summarize the market landscape and probable future issues. The report
analyses and estimates general market drivers in the form of consumer demand,
government policy and demand which are related to consumer buying pattern and
thereby market growth and development. This market research report contains
thorough analysis of market and numerous related factors that range from market
drivers, market restraints, market segmentation, opportunities, challenges, and
market revenues to competitive analysis. Sports Medicine Market report is also
useful when launching a new product or expanding the business regionally or
globally.
Data Bridge Market Research analyses that the Global
sports medicine market, which was USD 5.34 billion in 2022, would rocket up
to USD 9.12 billion by 2030 and is expected to undergo a CAGR of 6.90% during
the forecast period 2023 to 2030. In addition to the insights on market
scenarios such as market value, growth rate, segmentation, geographical
coverage, and major players, the market reports curated by the Data Bridge
Market Research also include depth expert analysis, patient epidemiology,
pipeline analysis, pricing analysis, and regulatory framework.
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Market overview:
The countries covered in the sports medicine market report
are U.S., Canada, and Mexico in North America, Germany, France, U.K.,
Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe
in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia,
Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the
Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of
Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil,
Argentina and Rest of South America as part of South America.
North America is expected to dominate the sports medicine
market because of the huge base of healthcare facilities, the existence of
major players in the market, a growing government initiative to surge the
athletes for playing any of the sport, increased cases of sports injuries among
the athletes and increasing number of research activities in this region.
Asia-Pacific is expected to witness significant growth
during the forecast period of 2023 to 2030 due to the rise in government
initiatives to raise awareness, the large population base, the increasing
influx of new products and treatment modalities because of active government
participation in influencing sports activities and the growing demand for
quality healthcare in the region.
Arthrex, Inc (U.S.), Smith+Nephew (U.K.), Stryker (U.S.),
Breg Inc. (U.S.), DJO LLC (U.S.), Mueller Sports Medicine, Inc (U.S.), Wright
Medical Group N.V. (U.S.), Medtronic (Ireland), RTI Surgical (U.S.),
Performance Health (U.S.), KARL STORZ (Germany), Bauerfeind (Germany), Össur
(Iceland), MedShape (U.S.), Cramer Products (U.S.), Agilent Technologies,
Inc (U.S.), RôG Sports Medicine (U.S.)
Global Sports Medicine Market Dynamics
Drivers
- Growing Incidence of
sports-related Injuries
Sports injuries are very prevalent worldwide. For instance,
the Guangzhou Summer Asian Games in 2010 stated 725 injuries among 430
athletes. There were around 288 new injuries in 209 athletes, with an
occurrence rate of 45.5 injuries per 1,000 athletes exposed. Soccer is the most
popular sport in Australia, and more than 3,000 athletes from more than 13,000
clubs were admitted to hospitals between 2011 and 2012. Thus, this increasing
incidence is increasing the demand for sports medicine rapidly. Therefore this
factor boosts the market growth.
- Increasing Demand for
Wearable Devices
The growing use of wearable devices such as fitness bands
and other sensors helps monitor stress load and prevent fatigue-induced
injuries in athletes, which has supported the growth of the market for sports
medicine. For instance, Athletigen Technology, Inc., a performance-based
company in Nova Scotia, works with numerous sportsmen to utilize the collected
information on their DNA to enhance their performance and health and decrease
the prevalence of sports-related injuries. Such instances are expected to boost
market growth over the forecast period.
Opportunities
- Increasing Product
Launches by Market Players
The launches of several novel products associated with
sports medicine are anticipated to boost the market's growth over the forecast
period. For instance, Smith and Nephew launched its new product called
''HEALICOIL KNOTLESS Suture Anchor'' in 2020. This product, along with
REGENESORB Material, supports in-bone formation and healing. Therefore, the
growing number of product approvals is also anticipated to increase market
growth.
- Rising Incidence of Knee
Injuries
Knee injuries are very prevalent and reported during sports
or other physical activities. This is due to excessive running and jumping,
which further leads to wear and tear of the knee joint. According to the
British Journal of Sports Medicine, knee injury accounts for about 41% of total
sports injuries. Thus, the increasing rate of knee injuries leads to the higher
adoption of sports medicine, boosting market growth.
Restraints/Challenges
- Lack of Skilled
Professional
Sports medicine is a new, evolving branch that does not have
the proper professionals to handle it. There is a shortage of properly skilled
professionals. With the high increase in sports-related injuries, the need to
address them is still not fulfilled because very few people specialize in this
field. As a result, it is a major restraint in the market.
This sports medicine market report provides details of new
recent developments, trade regulations, import-export analysis, production
analysis, value chain optimization, market share, impact of domestic and
localized market players, analyses opportunities in terms of emerging revenue
pockets, changes in market regulations, strategic market growth analysis,
market size, category market growths, application niches and dominance, product
approvals, product launches, geographic expansions, technological innovations
in the market. To gain more info on the sports medicine market contact Data
Bridge Market Research for an Analyst Brief, our team will help you take an
informed market decision to achieve market growth.
Recent Development
- In 2022, DJO Global
announced the renewal of its partnership with the Professional Football
Athletic Trainers Society (PFATS). The Professional Football Athletic
Trainers Society (PFATS) is a professional football athletic trainers
organization. PFATS will recommend and approve specific DJO products as
part of its collaboration with DJO.
- In 2020, Anika Therapeutics
Inc. received the U.S. Food and Drug Administration clearance for six innovative
products that meet the needs of orthopedic and sports medicine surgeons.
The products are planned to be commercialized in the future.
Global Sports Medicine Market Scope
The sports medicine market is segmented on the basis of
product, application and end-user. The growth amongst these segments will help
you analyze meagre growth segments in the industries and provide the users with
a valuable market overview and market insights to help them make strategic
decisions for identifying core market applications.
Product
- Body Reconstruction
- Fracture and Ligament
Repair Products
- Arthroscopy Devices
- Implants
- Orthobiologics
- Prosthetics
- Body Support and Recovery
- Braces and Supports
- Physiotherapy
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and
Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
- Accessories
- Bandages
- Disinfectants
- Tapes
- Others
Application
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Hip and Groin Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Others
End-User
- Hospitals
- Orthopedic Specialty
Clinics
- Fitness and Training
Centers
- Ambulatory Surgical Centers
(ASCs)
- Others
Sports Medicine Market Regional Analysis/Insights
The sports medicine market is analysed and market size
insights and trends are provided by country, product, application and end-user
as referenced above.
The countries covered in the sports medicine market report
are U.S., Canada, and Mexico in North America, Germany, France, U.K.,
Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe
in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia,
Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the
Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of
Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil,
Argentina and Rest of South America as part of South America.
North America is expected to dominate the sports medicine
market because of the huge base of healthcare facilities, the existence of
major players in the market, a growing government initiative to surge the
athletes for playing any of the sport, increased cases of sports injuries among
the athletes and increasing number of research activities in this region.
Asia-Pacific is expected to witness significant growth
during the forecast period of 2023 to 2030 due to the rise in government
initiatives to raise awareness, the large population base, the increasing
influx of new products and treatment modalities because of active government
participation in influencing sports activities and the growing demand for
quality healthcare in the region.
The country section of the report also provides individual
market impacting factors and changes in regulation in the market domestically
that impacts the current and future trends of the market. Data points like
down-stream and upstream value chain analysis, technical trends and porter's
five forces analysis, case studies are some of the pointers used to forecast
the market scenario for individual countries. Also, the presence and
availability of global brands and their challenges faced due to large or scarce
competition from local and domestic brands, impact of domestic tariffs and
trade routes are considered while providing forecast analysis of the country
data.
Competitive Landscape and Sports Medicine Market Share
Analysis
The sports medicine market competitive landscape provides
details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, global presence, production sites and
facilities, production capacities, company strengths and weaknesses, product
launch, product width and breadth, application dominance. The above data points
provided are only related to the companies' focus related to sports medicine
market.
Some of the major players operating in the sports medicine
market are:
- Arthrex, Inc (U.S.)
- Smith+Nephew (U.K.)
- Stryker (U.S.)
- Breg Inc. (U.S.)
- DJO LLC (U.S.)
- Mueller Sports Medicine,
Inc (U.S.)
- Wright Medical Group N.V.
(U.S.)
- Medtronic (Ireland)
- RTI Surgical (U.S.)
- Performance Health (U.S.)
- KARL STORZ (Germany)
- Bauerfeind (Germany)
- Össur (Iceland)
- MedShape (U.S.)
- Cramer Products (U.S.)
- Agilent Technologies, Inc
(U.S.)
- RôG Sports Medicine (U.S.)
Browse More About This Research Report @ Sports Medicine Market Size, Segmentations & Trends
to 2030 (databridgemarketresearch.com)
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-sports-medicine-market
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