The growing number of sports injuries and people participating in sports and fitness-related activities are driving the demand for sports medicine. Furthermore, the transition from proactive to preventative treatment for sports injuries is expected to fuel demand for sports medicine over the forecast period. According to Stanford Children’s Health, about 30 million teenagers and children participate in sports in the United States each year, with over 3.5 million sports injuries recorded. According to the Board of Certification for Athletic Trainers, 2 million acute ankle injuries occur in the United States each year, creating many profitable prospects for the key players in this industry.
Sports Medicine Market Overview:
The Sports Medicine Market Research Report has conducted a thorough assessment of the present state, which includes definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. This study gives insights into the current market state, historical market performance, production and consumption rates, demand-supply dynamics, and revenue estimates for the projected term, all with unbiased and expert analysis. Notably, the report includes strategic aims and growth methods used by prominent players in this area. Mergers and acquisitions, business transactions, partnerships, collaborations, joint ventures, brand marketing, and product introductions are all part of this study. In conclusion, this study provides a thorough view of the sector’s national and regional landscape.
Key Insights:
Sports Medicine Market Size was valued at US$ 5.77 Bn. in 2022 and it is expected to reach US$ 8.51 Bn. by 2029 at a CAGR of 5.7% during the forecast period.
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COVID-19 Impact on Sports Medicine Market:
The Sports Medicine industry has bore the brunt of the COVID-19 pandemic, with far-reaching consequences. Production facilities were halted due to disruptions and manpower shortages. This issue resulted in a severe and protracted decrease in production utilisation, which was exacerbated by travel restrictions and facility closures that kept employees away from their workplaces, slowing the Sports Medicine market in 2020. The negative impacts of COVID-19 on this market, however, are predicted to be ephemeral, with a rapid comeback forecast by early 2021, driven by increased demand for Sports Medicine .
Sports Medicine Market Drivers:
The research profiles seventeen leading industry participants from various regions. However, the analysis took into account all market leaders, followers, and new entrants with investors when analysing the market and estimating its size. The manufacturing environment in each region differs, and emphasis is placed on the regional impact on manufacturing costs, supply chain, raw material availability, labour cost, availability of advanced technology, and trusted vendors. The analysis and report has produced recommendations for a future hot spot in North America. The paper discusses major countries’ manufacturing policies and their impact on Sports Medicine demand.
Sports Medicine Market Segmentation:
by Product
Body Reconstruction Products
Body Support and Recovery Products
Accessories
by End User
Hospitals
Ambulatory Surgery Centres
Physiotherapy Centres and Clinics
by Application
Knee Injuries
Shoulder Injuries
Foot and Ankle Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Other Injuries
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Key Players:
This research report provides in-depth quantitative insights on market potential across numerous categories, as well as country-specific assessments for each covered area. The report examines the key market factors and is supplemented by detailed profiles of…
1. Arthrex, Inc.
2. Smith & Nephew plc.
3. Stryker Corporation
4. Breg Inc.
5. DJO Global, Inc.
6. Mueller Sports, Inc.
7. Wright Medical Group N.V.
8. Medtronic
9. RTI Surgical
10. Performance Health International Limited
11. KARL STORZ
12. Bauerfeind AG
13. Ossur
14. MedShape
15. Cramer Products
16. Biotek
17. RôG Sports Medicine.
Regional Analysis:
The region section of the research also includes important market influencing factors and changes in market regulation that impact the market’s current and future trends. Some of the primary variables utilised to assess the market scenario for various locales are new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. Furthermore, when offering forecast analysis of national data, the existence and availability of brands, as well as the challenges they face as a result of strong or weak competition from local and domestic brands, as well as the influence of sales channels, are considered.
Table Of Content:
1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Sports Medicine Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2022
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Sports Medicine Market
3.4. Geographical Snapshot of the Sports Medicine Market, By Manufacturer share
Key Questions Answered in the Sports Medicine Market Report are:
- Which segment emerged as the leading segment in the Sports Medicine Market?
- Which are the key players in the Sports Medicine market?
- What trends are likely to emerge in the Sports Medicine Market in the coming years?
- What will be the Sports Medicine market size by 2027?
- Which company held the largest share in the Sports Medicine Market in 2020?
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