IMARC Group, a leading market research company, has released a report titled “Sports Medicine Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028“. The global sports medicine market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.
Sports medicine is the branch of medicine that deals with physical fitness, injury treatment, and prevention during athletic activities or exercises. It boosts athletes' performance by advising them on how to consume supplements and nutrients to recover faster. Individuals can use it to treat fractures, ankle sprains, concussions, knee injuries, shoulder problems, and muscular strains. Sports medicine is in high demand worldwide since it helps to reduce depression, tension, anxiety, and blood pressure while also increasing metabolism.
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Sports Medicine Market Trends and Drivers:
At the moment, one of the key drivers driving market expansion is the increased occurrence of sports injuries among individuals, such as swollen muscles, dislocations, and Achilles tendon injuries. Furthermore, the increasing participation of people in various fitness and sports-related activities and exercises to stay fit and healthy is providing a good market outlook. Aside from that, the widespread availability of different medical tools for treating injuries around the world is fueling the market's expansion. Furthermore, the growing demand for minimally invasive surgeries (MIS) for athletes and athletes presents significant growth potential for industry investors. Furthermore, the growing number of sports medical clinics around the world is fueling market expansion.
Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the top leading sports medicine companies.
Some of these key players include:
- Arthrex
- Smith & Nephew plc’s
- Medtronic plc.
- Wright Medical Group N.V.
- Bioventus
- Stryker
- Mueller Sports Medicine
- RTI Surgical Holdings
- Breg
- Conmed Corporation
- Performance Health International Limited
- Bauerfeind AG
- KARL STORZ Gmbh & Co. kg
- Zimmer Biomet Holdings, etc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product:
- Body Reconstruction
- Fracture & Ligament Repair Products
- Arthroscopy Devices
- Implants
- Orthobiologics
- Prosthetics
- Body Support and Recovery
- Braces & Supports
- Physiotherapy
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
- Accessories
- Bandages
- Disinfectants
- Tapes
- Others
Breakup by Application:
- Knee Injuries
- Shoulder Injuries
- Foot & Ankle Injuries
- Hip & Groin Injuries
- Elbow & Wrist Injuries
- Back & Spine Injuries
- Others
Breakup by End-User:
- Hospitals
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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