Sports Medicine Market By Current Industry Status, Growth Opportunities, Top Key Players, Target Audience And Forecast To 2027

The MarketWatch News Department was not involved in the creation of this content. Sep 23,…

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (Profound via COMTEX) —
The sports medicine market is expected to grow from USD 5.5 billion in 2020 to USD 7.2 billion by 2025, at a CAGR of 5.7% during the forecast period. Growth in the sports medicine market is primarily driven by factors such the increasing incidences of sports injuries, continuous influx of new products amp; treatment modalities, developments in the field of regenerative medicine, rising demand for minimally invasive surgeries.
Body support amp; recovery products expected to grow at the highest rate during the forecast period

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On the basis of products, the sports medicine market is segmented into body reconstruction products (fracture amp; ligament repair products, arthroscopy devices, implants, prosthetics, orthobiologics), body support amp; recovery products (braces amp; support, physiotherapy equipment, and compression clothing), and accessories. The body support amp; recovery products segment is expected to witness the fastest growth during the forecast period. Products such as braces, supports, and physiotherapy equipment are required before and after procedures involving reconstruction. Thus, the demand for these devices is growing due to the increasing number of sports injuries globally.

Knee Injuries segment held the largest share of the sports medicine market in 2019
Sports medicine is widely used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of athletes. The sports medicine applications market is segmented into knee injuries, shoulder injuries, foot amp; ankle, elbow amp; wrist, back amp; spine, hip amp; groin, and other injuries. The knee injuries segment held the largest share of the market in 2019, a trend that is expected to continue during the forecast period. The large share of this segment can be attributed to the fact that a large number of knee injuries are recorded across major sports, globally, accounting for approximately 40% of all injuries due to sports.

’The Hospitals segment is expected to account for the largest share during the forecast period.”
Based on end user segment, the market is segmented into Hospitals, Ambulatory Surgery centres and Physiotherapy Centres and Clinics. The hospitals segment accounted for the largest share of the sports medicine market. The large share of this segment can be attributed to factors like Complex diagnostic and therapeutic procedures being carried out in hospitals. However, the physiotherapy centres and clinics segment is estimated to register the highest CAGR of 6.9% during the forecast period, primarily due to the cost-effectiveness and easy accessibility of sports medicine equipment.
Key Players
The major vendors in the global sports medicine market include Arthrex, Inc (US), Smith amp; 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), Ouml;ssur (Iceland), MedShape (US), Cramer Products (US), Biotek ( India), RoG Sports Medicine (US).

On The Basis Of Product, The Sports Medicine Market Has Been Segmented As Follows:

  • Body Reconstruction Products

    • Fracture and Ligament Repair Products

    • Arthroscopy Devices

    • Implants

    • Prosthetic Devices

    • Orthobiologics

  • Body Support and Recovery Products

    • Braces and Supports

    • Compression Clothing

    • Physiotherapy Equipment

      • Thermal Therapy

      • Electrostimulation

      • Other Therapies

        • Ultrasound Therapy

        • Laser Therapy

      • Accessories

On The Basis Of Application, The Sports Medicine Market Has Been Segmented As Follows:

  • Knee Injuries

  • Shoulder Injuries

  • Foot and Ankle Injuries

  • Elbow and Wrist Injuries

  • Back and Spine Injuries

  • Hip and Groin Injuries

  • Other Injuries

On The Basis Of End User, The Sports Medicine Market Has Been Segmented As Follows:

  • Hospitals

  • Ambulatory Surgery Centres

  • Physiotherapy Centres and Clinics

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COMTEX_371753023/2630/2020-09-23T10:18:49

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The MarketWatch News Department was not involved in the creation of this content.