Press release
Sports Medicine Market Trends Estimates High Demand by 2024
The team specializes in athletic injuries of the bones, joints, muscles, cartilage and ligaments, with a special focus on shoulder, knee, hip, and foot & ankle conditions. Primary goal is to help patients remain healthy and active and to get them back to the level of above average athletic performance. According to the American Medical Society for Sports Medicine, approximately 90% of all sports injuries are non-surgical. The Sports Medicine Specialist can maximize non-operative treatment, guide appropriate referrals to physical and occupational therapies, and if necessary expedite referral to an orthopedic/sports surgeon.
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Growing activity in sports and athletic activity among young population is the major factor driving growth of the global sports medicine market. According to the American Public Health Association in October 2016, a new smart phone application has been invented in order to specialize in sports injury detection, which captures 99% more physical and mental health symptoms for college athletes than traditional sports medicine surveillance which are some novel technologies expected to gain momentum during the forecast period. Lack of clear guidelines for use in hormones and prosthetics testing methods by health practitioners are the factors limiting the growth of global sports medicine market.
The global market for sports medicine market is segmented on basis of products, service, application, end user and geography:
Segmentation by Products
Allografts
Wraps and Sleeves
Prosthetics
Drugs & Hormones
Others
Segmentation by Services
Orthopedic
Osteopathic
Physical Therapy
Nutrition
Others
Segmentation by Application
Acute Traumatic Injuries
Chronic Injuries
Overtraining Syndrome
Orthopedics
Others
Segmentation by End User
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Sports Institutes
Home Care Settings
Rehabilitation Centre
Orthopedic Clinics
Introduction of product such as drugs, hormones, prosthetics, surgical procedures which are expected to account for highest share collectively, are the commonly used sports medicine products by sports people as they increase the energy and heal the injury. The drugs and hormones product segment is expected to grow rapidly over the forecast period due to increasing adoption of surgical operations by healthcare professionals, and growth in clinical research of sports medicines among research centers.
Based on the services segmentation, orthopedic segment is expected to grow at a remarkable growth rate during the forecast period of 2016-2024 due to increase higher incidences of orthopedic injuries and accidents and advancing sports medicine innovation. Based on end users, the global sports medicine market has been segmented into hospitals, orthopedic clinics, ambulatory surgical centers, diagnostic centers, home care, rehabilitation center and sports institutes. Hospital and orthopedic clinics end user segment is expected to contribute the maximum share among end users segment for the sports medicine market.
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On the basis of regional presence, global sports medicine market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global sports medicine market in terms of value due to increase in sports activity, rise in osteoporosis disease among population.
According to the Clinical Journal of Sport Medicine, risk factors for injury amongst high school athletes is high in developed countries such as U.S. and U.K. Asia Pacific sports medicine market is anticipated to grow at higher CAGR during 2016-2024 due to the involvement of major key players in setting up of R& D facilities for the development of drugs and therapeutics for athletes. Increase in importance of recreational activity along with education, funding to sports association are few drivers which will effectively boost the growth of the global sports medicine market through 2024.
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