|Sports medicine market size to grow by USD 2.64 billion from 2022 to 2027|Alimed Inc., Arthrex Inc., Bauerfeind AG, Breg Inc. and more among the key companies in the market - Technavio|
|By: PR Newswire Association LLC. - 21 Nov 2023||Back to overview list
NEW YORK, Nov. 21, 2023 /PRNewswire/ -- The sports medicine market size is expected to grow by USD 2.64 billion during 2022-2027, progressing at a CAGR of 6.47% as per the latest Technavio market research report. The sports medicine market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the key companies are mentioned below: Alimed Inc., Arthrex Inc., Bauerfeind AG, Breg Inc., Conmed Corp., Core Products International Inc., DJO Global Inc., Johnson and Johnson Services Inc., KARL STORZ SE and Co. KG, Kinex Medical Co. LLC, medi GmbH and Co. KG, Medtronic Plc, Mueller Sports Medicine Inc., Ossur hf, Ottobock SE and Co. KGaA, Performance Health Holding Inc., Smith and Nephew plc, Stryker Corp., ThermoTek Inc., and Zimmer Biomet Holdings Inc. For more insights on the market share of various regions- Download a sample report in MINUTES
Sports Medicine Market: The increasing incidence of sports injuries
The increasing incidence of sports injuries drives the sports medicine market. As the sports industry has been growing rapidly, sports injuries have been on the rise too. Specifically, in the global sports medicine market, incidences of sports injuries have been a major concern for athletes and medical professionals. Factors such as the pressure of competing at a higher level, extreme training schedules, and the urge to win at all costs attribute to the growth in the number of injuries. Hence, factors such as the rise in the number of sports injuries are anticipated to drive the demand for the sports medicine market during the forecast period.
Sports Medicine Market: Rise In Demand For Minimally Invasive Surgeries
The rise in demand for minimally invasive surgeries is an emerging sports medicine market trend. The rise in demand for minimally invasive surgeries is the advancement in technology as the use of robotics and computer-assisted technologies in minimally invasive surgeries has also improved. For instance, the use of robotics in knee surgeries has significantly reduced the risk of complications and improved patient outcomes but the rising incidence of sports-related injuries is also driving the demand for minimally invasive surgeries. Hence, such trends are expected to drive the growth of the global sports medicine market during the forecast period.
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Sports Medicine Market: Segmentation and Geographical Analysis
This sports medicine market report extensively covers market segmentation by application (knee treatment, hip treatment, shoulder treatment, spine treatment, and others), product (reconstructive products, support and recovery products, and accessories), and geography (North America, Europe, Asia, and Rest of World (ROW)).
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