Global Sports Medicine Market to amass $ 9 Bn by 2025

January 31, 2020


According to the research report titled ‘Sports Medicine Market Size By Product (Body Reconstruction Products {Implants, Fracture and Ligament Repair Products, Arthroscopy Devices, Prosthetics}, Body Support and Recovery Products {Braces and Supports, Compression Clothing, Physiotherapy Equipment), By Injury Type (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries), By End-Use (Hospitals, Ambulatory Surgical Centres, Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global sports medicine market is expected to be worth USD 9 billion by the year 2025.
 

According to the report, increased pervasiveness of physical injuries to athletes along with rising number of surgical procedures are major factors driving the sports medicine market growth. Sports participation has lately gained momentum across the globe. Moreover, various institutes are encouraging participation in sports activities, which in turn is further aiding the market expansion. Favorable government reforms and initiatives which promote sport activities are stimulating the industry outlook. However, lack of skilled professionals may hinder the market growth.
 

As per product type, the report states that body support & recovery products segment is expected to grow with a CAGR of 6% during the estimated timeframe. Rising adoption of body support products such as compression clothing and braces owing to their high effectiveness and low cost properties are fueling the segmental growth.
 

In terms of injury type, elbow and wrist injuries segment held 10% share of sports medicine market in the year 2018. Factors such as rising prevalence of chronic and acute sports injuries related to lower & upper arm along with rising number of body reconstruction surgeries are propelling the market growth.
 

Citing the end-use landscape, the report cites that clinics segment is presumed to expand with a CAGR of 6.6% during the period of 2019-2025. Increasing utilization of sports medicine in clinics due to its affordability and specialized treatment benefits has elevated overall market size. Rising number of medical experts in sports medicine clinics are further contributing towards the segmental growth.
 

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As per regional analysis, India sports medicine market is expected to be worth USD 341.9 million by the year 2025. Favorable government initiatives which promote sports participation along with high occurrence of sports-related knee injuries are contributing towards popularity of the product across the country.
 

The prominent companies operating in the sports medicine market are Cramer Products Inc., Ossur Corporate, Japan MDM Inc., GE Healthcare, Johnson & Johnson, CONMED Corp., Bauerfeind AG, KARL STORZ, Performance Health International Ltd., RTI Surgical, Medtronic, Mueller Sports Inc., Bred Inc., Smith & Nephew Plc, Zimmer Biomet, Otto Bock Healthcare, DJO Global, Wright Medical Technology, Tornier N.V., Arthrex Inc., and Stryker Corp.


Frequently Asked Questions (FAQ) :

According to the report, increased pervasiveness of physical injuries to athletes along with rising number of surgical procedures are major factors driving the sports medicine market growth. Sports participation has lately gained momentum across the globe. Moreover, various institutes are encouraging participation in sports activities, which in turn is further aiding the market expansion. Favorable government reforms and initiatives which promote sport activities are stimulating the industry outlook.
Elbow and wrist injuries segment held 10% share of sports medicine market in the year 2018. Factors such as rising prevalence of chronic and acute sports injuries related to lower & upper arm along with rising number of body reconstruction surgeries are propelling the market growth.
India sports medicine market is expected to be worth USD 341.9 million by the year 2025. Favorable government initiatives which promote sports participation along with high occurrence of sports-related knee injuries are contributing towards popularity of the product across the country.
The prominent companies operating in the sports medicine market are Cramer Products Inc., Ossur Corporate, Japan MDM Inc., GE Healthcare, Johnson & Johnson, CONMED Corp., Bauerfeind AG, KARL STORZ, Performance Health International Ltd., RTI Surgical, Medtronic, Mueller Sports Inc., Bred Inc., Smith & Nephew Plc, Zimmer Biomet, Otto Bock Healthcare, DJO Global, Wright Medical Technology, Tornier N.V., Arthrex Inc., and Stryker Corp.