Sports Medicine Market Outlook 2020-2025 | Industry Opportunity & Growth Analysis
According to the latest report by IMARC Group, the global sports medicine market size reached US$ 6.6 Billion in 2019. The market is anticipated to reach a value of US$ 9.4 Billion, growing at a CAGR of 6.0% during 2020-2025.
Global Sports Medicine Market Trends:
Insights on Market Segmentation:
Market Breakup by Product
1. Body Reconstruction
2. Body Support and Recovery
On the basis of the product, the market has been classified into body reconstruction (fracture & ligament repair products, arthroscopy devices, implants, orthobiologics and prosthetics) body support and recovery (braces & supports and physiotherapy), body monitoring and evaluation (cardiac monitoring, respiratory monitoring, hemodynamic monitoring, musculoskeletal monitoring), compression clothing, and accessories (bandages, disinfectants, tapes and others). At present, body reconstruction represents the largest segment in the market.
Market Breakup by Application
1. Knee Injuries
2. Shoulder Injuries
3. Foot & Ankle Injuries
4. Hip & Groin Injuries
5. Elbow & Wrist Injuries
6. Back & Spine Injuries
7. Others
On the basis of the application, knee injuries exhibit a clear dominance in the market. Other major segments are shoulder injuries, foot and ankle injuries, hip and groin injuries, elbow and wrist injuries, back and spine injuries and others.
Market Breakup by End-User
1. Hospitals
2. Orthopedic Specialty Clinics
3. Fitness and Training Centers
4. Ambulatory Surgical Centers (ASCs)
5. Others
Based on the end user, the market has been divided into hospitals, orthopedic specialty clinics, fitness and training centers, ambulatory surgical centers (ASCs) and others. Currently, hospitals account for the majority of the overall market share.
Market Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America
On the geographical front, North America holds the leading position in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has been analyzed with the detailed profiles of the key players operating in the market. Some of these players include Arthrex, Smith & Nephew PLC, Medtronic PLC, Wright Medical Group, Bioventus LLC, Stryker Corporation, Mueller Sports Medicine, RTI Surgical Holdings, Breg, Conmed Corporation, Performance Health International Limited, Bauerfeind AG, KARL STORZ Gmbh & Co. KG, and Zimmer Biomet Holdings.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Sports medicine refers to an area of medical practice that assists individuals to improve their overall athletic performance. It aids in preventing, diagnosing as well as treating sports-related injuries, such as sprains, strains, fractures, concussions, dislocation and exercise-induced asthma. Apart from this, it is also widely used to treat chronic overuse injuries, which include tendonitis, degenerative diseases and overtraining syndrome. Sports medicine doctors aid professional athletes and sports enthusiasts in achieving their training goals by offering advice on proper exercises, nutrition and supplements. Sports doctors who are certified in pediatrics or family medicine can also assist children and teenagers by helping them in exercising safely and avoiding acute trauma.
Request for a sample copy of this report: https://www.imarcgroup.com/sports-medicine-market/requestsampleGlobal Sports Medicine Market Trends:
The global sports medicine market is primarily driven by increasing participation in sports and related activities. In line with this, growing awareness regarding the adverse effects associated with a lack of physical activities has led a majority of the population to adopt a physically active lifestyle. An increasing number of individuals are participating in sports events and physical activities, which is creating a positive outlook for the market. Also, rising incidences of sports-related injuries are acting as another major growth-inducing factor. This is further facilitated by numerous government initiatives to upgrade the sports healthcare infrastructure. Moreover, individuals across the globe are now opting for sports as a career, which is providing a thrust to the market growth. This can be attributed to the presence of numerous opportunities in the field of sports, in terms of scholarships and corporate funding, along with a successful professional career. The increasing organization of marathons for spreading awareness regarding social causes, the growing preference among sports enthusiasts and athletes for minimally invasive procedures and growing popularity of wearable devices that monitor the physical health of the professionals are some of the other factors influencing the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 9.4 Billion, growing at a CAGR of 6.0% during 2020-2025.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/sports-medicine-marketInsights on Market Segmentation:
Market Breakup by Product
1. Body Reconstruction
2. Body Support and Recovery
On the basis of the product, the market has been classified into body reconstruction (fracture & ligament repair products, arthroscopy devices, implants, orthobiologics and prosthetics) body support and recovery (braces & supports and physiotherapy), body monitoring and evaluation (cardiac monitoring, respiratory monitoring, hemodynamic monitoring, musculoskeletal monitoring), compression clothing, and accessories (bandages, disinfectants, tapes and others). At present, body reconstruction represents the largest segment in the market.
Market Breakup by Application
1. Knee Injuries
2. Shoulder Injuries
3. Foot & Ankle Injuries
4. Hip & Groin Injuries
5. Elbow & Wrist Injuries
6. Back & Spine Injuries
7. Others
On the basis of the application, knee injuries exhibit a clear dominance in the market. Other major segments are shoulder injuries, foot and ankle injuries, hip and groin injuries, elbow and wrist injuries, back and spine injuries and others.
Market Breakup by End-User
1. Hospitals
2. Orthopedic Specialty Clinics
3. Fitness and Training Centers
4. Ambulatory Surgical Centers (ASCs)
5. Others
Based on the end user, the market has been divided into hospitals, orthopedic specialty clinics, fitness and training centers, ambulatory surgical centers (ASCs) and others. Currently, hospitals account for the majority of the overall market share.
Market Breakup by Region
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America
On the geographical front, North America holds the leading position in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape
The competitive landscape of the market has been analyzed with the detailed profiles of the key players operating in the market. Some of these players include Arthrex, Smith & Nephew PLC, Medtronic PLC, Wright Medical Group, Bioventus LLC, Stryker Corporation, Mueller Sports Medicine, RTI Surgical Holdings, Breg, Conmed Corporation, Performance Health International Limited, Bauerfeind AG, KARL STORZ Gmbh & Co. KG, and Zimmer Biomet Holdings.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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