Sports Medicine Market is Increasing at a High CAGR of 8.9% During Forecast to 2023

 

Market Analysis

The various forms of injuries that sports medicine doctors generally treat include cartilage injuries, eating disorders, concussions, heat illness, exercise-induced asthma, tendonitis, shoulder and knee injuries, fractures and ankle sprains. These days people have become more conscious about their health. Various programs on social media and increasing health education lessons taught in school has increased people’s awareness about health. Thus,a major part of the populace is turning to sports as an extracurricular activity and more so to maintain their health. Both elderly and young people alike have adopted sports which has increased sports related injuries all over the world.

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The global Sports Medicine Market Report is predicted to surpass USD 9,655.6 million at 8.9% CAGR over the predicted years (2017-2023). Sports medicine simply put, is a branch of medicine that deals with both the prevention as well as treatment of injuries associated to games, sports and exercise. Along with managing injuries, sports medicine uses exercise intervention as well for preventing and managing chronic diseases namely obesity, diabetes and hypertension.

There are plentiful factors that is boosting the growth of thesports medicine market. These factors as per the Market Research Future (MRFR) report include increasing incidences of injuries that are sports related, growing awareness amid people about physical fitness, government initiatives related to sports medicine, demand forsurgeries that are minimally invasive, technological advancements in instruments, technologies and implants for joint repair, growing number of sports medicine centers, introduction of better and new surgical procedures and constant innovation in R&D. On the contrary, scarcity of skilled experts in this field, inappropriate guidelines and administration concerning sports medicine and high treatment cost are factors that may deter the growth of the sports medicine market over the predicted years.

Key Players

Arthrex, Inc, Smith & Nephew plc, GE Healthcare, DePuy Synthes, CONMED Corporation,Zimmer Biomet, Medtronics, Stryker

Market Segmentation

MRFR report provides an extensive segmental analysis of the Sports Medicine Market Report on the basis of product, application, procedure and end user.

Based on product, it is segmented into accessories and consumables, support and recovery products, joint reconstructive and repair products and others. Of these, joint reconstructive and repair products will have maximum share in the market over the predicted years.

Based on application, the sports medicine market is segmented into spine treatment, hip treatment, knee treatment, shoulder treatment and others. Of these, knee treatment will dominate the market over the predicted years.

Based on end user, it is segmented into ambulatory care, trauma centers, hospitals and emergency care and others.

 

Regional Analysis

By region, the sports medicine market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will have mammoth share in the market over the predicted years. This is due to growing number of sports medical centres and growing occurrence of sports injuries in this region. The sports medicine market in the European region will have the second major share in the market followed by the APAC region. The sports medicine market in the APAC region is anticipated to grow at the fastest pace over the predicted years owing to increasing awareness regarding health and sports coupled with constant development in the healthcare sector. On the other hand, the sports medicine market in the Middle East and African region is poised to have minimal share over the predicted years.

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