Favorable government initiatives, large scale collaborations for technical advancements and the changing lifestyle and the desire to remain healthy, healthcare awareness among individuals are key factors contributing to the high CAGR of Sports Medicine Market during the forecast period.
the global Sports Medicine Market was valued at USD 6.12 billion in 2018 and is expected to reach USD 10.12 billion by 2026, at a CAGR of 6.4%. Sports medicine is generally taken to prevent injuries and also for the cure, recovery, and restoration of injuries in athletes during sports/games. Products are used for athletes to improve the condition during injuries and to prevent future progress of injuries. Rise in prevalence of sports injuries is major factor driving the market growth. The injuries include various kinds of strains and sprains. It also includes spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. As per the Stanford children's health statistics (US), 30 million kids and teenagers had been a part of some form of sports in 2018, and 3.5 million injuries are recorded in US. Sports medicine has undergone satisfactory growth from among other healthcare fields, as these treatments can be provided for other individuals as well and not just for athletes. The extended rise in the demand for sports medicine is due to an increase in sports injuries. With an increase in awareness among individuals for physical fitness, the government is also actively taking initiatives for sports medicine to increase the participation of athletes around the globe.
However, due to the declined rate of skilled professionals in and inappropriate knowledge and guidelines about sports medicine are a restraint to the market growth. Also, the occurrence of chronic diseases worldwide has further associated with adopting a healthy lifestyle. The report of Physical Activity Council proposes that about 66 % of people participated in fitness sports in the year 2018, whereas in 2013, it was around 60.1%. The increase is due to changes in lifestyle, which include smoking, junk food, lack of physical activity (like walking), consumption of alcohol, which leads to life-threatening diseases. Rising awareness about these diseases has inspired people to participate in various physical activities. Growing career opportunities for sports is also responsible for the rise in the number of athletes, resulting in quick demand in sports injury management services.
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The report provides extensive coverage of the supply chain, key players of the industry, consumer base, company profiles, production and consumption rate, primary applications, and other relevant data. It provides an in-depth assessment of the key companies operating in the market along with their company profiles, business overview, production and manufacturing capacity, product portfolio, financial standing, global position, and business expansion plans. It also studies recent mergers and acquisitions, joint ventures, product launches, partnerships, collaborations, and agreements among other. The report also provides insights into new entrants and their strategic alliances to gain a robust footing in the market.
Key Manufacturers in the Global Sports Medicine Market:
Arthrex, Inc (US), Smith Nephew plc (UK), Stryker Corporation (US), Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US).
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The report also provides an extensive regional segmentation to offer the readers key insights into the spread of the market over key geographical regions. It covers production and consumption patterns, import/export, supply and demand, consumer demand and behavior, key trends, and presence of key players in each region. The report also offer a country-wise analysis to impart a better understanding of the revenue growth of the market in each region.
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Products Outlook (Revenue in Million USD; 2016–2026)
- Body Reconstruction Products
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Prosthetic Devices
- Body Support and Recovery Products
- Braces and Supports
- Compression Clothing
- Physiotherapy Equipment
- Thermal Therapy
- Other Therapies
- Ultrasound Therapy
- Laser Therapy
Applications Outlook (Revenue in Million USD; 2016–2026)
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Hip and Groin Injuries
- Other Injuries
Body Monitoring and Evaluation Devices Outlook (Revenue in Million USD; 2016–2026)
- Cardiac monitoring and evaluation devices
- Respiratory monitoring and evaluation devices
- Hemodynamic monitoring and evaluation devices
- Musculoskeletal monitoring and evaluation devices
End use outlook (Revenue in Million USD; 2016–2026)
- Physiotherapy clinics
- Rehab centers
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Key Questions Addressed in the Report:
- What is the market size the global Sports Medicine market is expected to reach over the forecast period? What is the expected CAGR?
- What are the key segments of the market?
- What are the key products and applications of the Sports Medicine market?
- What factors are expected to drive and restrain market growth over the forecast period?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?
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