Sports Medicine Market Growth Size, Share, Industry Analysis & Forecast to 2025
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The global ride sharing market operates through different product types such as buses and coaches, utility vehicles and sedan-hatchback. The increasing concern towards environment affects the industry. With the increased usage of vehicles, the level of pollution has increased as these vehicles emit a higher amount of smoke and harmful gases that hamper the environment. Ride sharing such as car-pooling, bike pooling allows to commute and have significantly expanded the reach of the idea of shared traveling among regular commuters. The main features that attract the customer towards ride sharing include the elimination of the need to drive, easy availability of pool services, lower cost of commuting as compared to owning a vehicle. The government policies such as toll fee waivers and high-occupancy vehicle (HOV) lanes are contributing in market size of ride sharing.
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Rise in Number of Surgeries
Global sports medicine market is experiencing significant growth due to the increasing number of sports surgeries across the globe. The rising number of surgeries for sports injuries raises the demand for the sports medicine used in various recovery devices. There are several surgeries that utilize sports medicine such as knee surgeries, hip surgeries, shoulder surgeries, and others. These surgeries increase the demand for various recovery and reconstruction products that propels the market growth. Moreover, the market is augmenting due to the rising demand for arthroscopy devices, ligament and fracture devices in minimally invasive procedures and advancement in arthroscopic technology.
The rise in recreation activities
Growing sports and physical activities across the globe is creating an ample growth opportunity in the sports medicine market. Due to growing health concerns, participation in sports activities has increased substantially. Running, jogging, trail running, road biking, mountain biking, hiking, and BMX are some of the major sports activities. Participation in sports activities is increasing demand for sports medicine order to provide emergency aid for wound and injuries. In the emerging and developed economies, the trend is shifting towards various sports activities due to growing health concerns and changing lifestyles. As the physical activities increases, people become prone to physical injuries; thus, augmenting the demand for sports medicine.
Significant growth in emerging Market
Moreover, the significant growth in healthcare facilities related to sports medicine products has been observed in emerging economies, such as China, India, and Brazil. Various factors such as increasing incidences of wound infections, growing number of surgeries, and surge in sports injuries, are some factors that are raising the demand for advanced recovery and support products. Rising medical tourism and growth in the aging population are estimated to support the market growth in the emerging market. The growing potential in these emerging markets is attracting market players to serve their healthcare organizations. Specifically, Asia-Pacific is one of the emerging markets due to the significant growth of the healthcare system in countries, such as India, China, and South Korea.
Global Sports Medicine Market-Segmentation
Reconstruction and Repair Products
Support and Recovery Products
Back and Spine Injuries
Elbow and Wrist Injuries
Hip and Groin Injuries
Others (Foot and Ankle Injuries)
Global Sports Medicine Market– Segment by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
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