The Infinium Global Research analyzes the Sports Medicine Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in the global sports medicine market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of sports medicine. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sports medicine market during the period.
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Sports medicine is a medical specialty that helps people to improve their athletic performance, recover from injury and prevent future injuries. Sports medicine displayed as the fastest growing healthcare field. Arthroscopy devices, braces, monitoring devices, fracture and ligament repair devices, orthobiologics, prosthesis, and joint implants are the major segments in sports medicine.
Growing Incidences of Sports Injuries across the Globe Drive the Demand for Global Sports Medicine Market
The growing incidences of sports injuries across the globe drive the demand for the global sports medicine market. As per Stanford Medicine, it is estimated that, in the U.S., about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year. The benefits offered by sports medicine include specialized care, enhanced injury and re-injury prevention, cutting-edge treatment options and enhanced athletic performance is likely to escalate the growth of the market over the forecast period.
Furthermore, expanding demand for minimally invasive surgical procedures, adoption of computer-assisted robotic surgeries, technological advancement in implants coupled with the initiative taken by the government regarding sports medicine are supporting factors propelling the growth of the market. Furthermore, the rising number of individuals choosing sports as a career is also led to the demand of the market. However, the high cost of surgical procedure may pose the growth of the sports medicine market. Going further, rising awareness about physical fitness and the introduction of new products and treatment options is expected to create growth opportunities for the sports medicine market in the coming years.
Sports Medicine Market: Segmentation
The global sports medicine market is segmented into product type and application. based on product types, the global sports medicine market is bifurcated into body reconstruction products, body support and recovery products, body monitoring and evaluation and accessories. On the basis of application, the market is segmented into knee, shoulder, spine, hip and other applications. Knee segment is expected to hold maximum share in the sports medicine market over the forecast period owing to high incidences of knee injuries.
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North America has the Largest Share in the Sports Medicine Market
Geographically, North America has the largest share in the sports medicine market. The factors such as improved healthcare infrastructures, growing inclination towards sports & physical activity and growth in sports medical centers in this region drive the growth of the market. The United States is expected to hold maximum share in this market owing to the high incidences of sports injuries occurring in the region. Furthermore, the Asia Pacific region anticipated expanding with a considerable pace throughout the forecast period. The developing economies such as China, India, and Japan have a positive impact on the Asia Pacific sports medicine market.
Sports Medicine Market: Competitive Analysis
The global sports medicine market dominated by some key players includes Medtronic plc, Mueller Sports Medicine, DJO Global, Inc., CONMED, Zimmer Biomet, Stryker Corporation, DePuy Synthes, Smith & Nephew plc and Arthrex. Product innovations and technological advancement are key strategies are used by these companies to increase their share. MOUNTAIN VIEW, Calif., a leader in health insurance enrollment the technology announced that it will partner with the National Academy of Sports Medicine (NASM), a world-renowned personal training organization, to bring its award-winning health insurance shopping and enrollment platform to NASM’s network of more than 65K actively certified fitness professionals.
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