Sports Medicine Market was estimated to grow at a rate of 7.0% CAGR during the forecast period due to rising rate of sports injuries globally, says Absolute Markets Insights

Generally, sports medicine is considered as a distinct field of healthcare. sports medicine healthcare providers are available in most part of the regions worldwide. The application of sports medicine comes when a child is injured while running, doing any sporting activity, or doing any type of physical exercise, then it is usually recommended to cosult a sport medicine healthcare doctor for medical purposes. Sports Medicine is a branch of medicine that bridges the difference between research and experience by offering physical fitness and adequate treatment and prevention of sports-related injuries and daily workouts. Sport medicine doctors usually have special training to repair the damaged part of wounded patient's body so that they can be cured in a limited time frame. While sports medicine doctors work predominantly with professional athletes, they are also interested in the treatment of children and teenagers participating in athletics and adults practicing personal fitness, as well as those with physically demanding jobs, such as construction workers.

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The whole sports industry is undergoing a disruption. Thanks to the evolving cutting-edge technologies, the role of athletic activities and events but also recovery following sport accidents is increasing. In sports medicine, the future holds a swing towards prevention by genomics, nutrigenomics, endless trackers and wearables, whereas there are other excellent innovations aimed at easing the pain and shortening recovery time. The various programs introduced include the usual incidence in orthopedics and recovery alongside pioneers such as sports psychology, diet, and even research and technology efforts to quantify and evaluate data points in order to assist in addressing the after effects of injury. Technology captures data about the players success during training or the real competition in any second. Data not only serves to evaluate but develop new tactics, thus improving the efficiency of the players in the field. It also enables in tracking the current state of safety and warn concerned officers about overtraining. Current medical advances will also provide sports people with the ability to learn further to uncover the various health hazards that could be impaired or what lifestyle they will adopt to allow them to succeed in the long term. Athletigen Technologies Inc., headquartered in Nova Scotish, is committed to offer expertise for many athletes in analyzing acquired DNA material to improve results, fitness, and safety. These genetic examinations help in revealing additional insight regarding potential elevated risk of injuries or basic dietary needs. Later, these results allow the concerned officials to adjust work out or nutrition routine according to the dynamic physical state. Sports exercising medicines are another major revelation in the field. BTE, a multinational organization headquartered in Baltimore, operates diverse recovery services in more than 35 countries. It has different devices for recovery, such as the Primus RS dynamometer or the Eccentron, a resistance simulator. The former tests the movements of patients as to how firm their grip is, whether they can lift a box before the doctor can give them the correct recovery exercises. In case of the Eccentron, aerobic simulator is an integral aspect of both recovery and efficiency enhancements. For each evaluation, it aims at solely eccentric practice and then develops an effective training curriculum.

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Injury levels in the developed part of the world are expected to surge, as athletics and sports activity are gaining popularity in the region. The current high injury prevalence in the developed and developing countries are projected to boost the sport medicine market worldwide. It has been duly reported that an average annual total of 8.6 million sports and recreational-related accident incidents are recorded in the United States, with an age-adjusted incidence of 34.1 per 1000 population and accident rates among males is usually higher than among females. Sports medicine helps in bridging science, exercise and health. In addition, it helps in boosting the scientific assessment, examination, and knowledge regarding sport performance. It involves integrated effort by the entire sports staffs which includes athletic trainers, physicians, physical therapists, and sports scientists to collaborate and enable the finest medical care that can be provided to prevent athletic injuries and illnesses.

The detailed research study provides qualitative and quantitative analysis of sports medicine market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

Amongst the sports medicine market product category, body reconstruction segment holds significant share in the market owing to the rising demand for arthroscopy devices coupled with mounting change from conventional open surgeries to minimally invasive surgeries. According to the American Orthopaedic Society for Sports Medicine, approximately 4 million patients undergo knee arthroscopy, while 1.4 million patients undergo shoulder arthroscopy per annum. Due to its related advantages such as quick turnaround time and reduced pain, arthroscopy is ideal for both geriatric community and professional athletes, as compared to conventional surgical procedures. In 2016, an additional 55,529 people in the United States were diagnosed with bone and joint cancer. Body dysmorphic disorder (BDD) is the most prevalent in reconstruction category which is mostly targeted to breast reconstruction patients. Body dysmorphic disorder is a mental health condition where one or more perceived issue in appearance is creating mental problems in the person. It has major consequences for patients who is wished to have breast reconstruction, because patient satisfaction is a major component for the required procedure
In application category in the sports medicine market, knee injuries hold significant share of the market. It has been reported that 17,397 patients has 19,530 sport injuries over a time frame of 10 years. 6434 people suffered 7769 knee joint-related injuries. Among all people, 68.1 percent were men, and 31.6 percent were women. At the time of the accident, approximately 50 percent of patients were between the ages of 20-29. Anterior cruciate ligament lesion, medial meniscus lesion, lateral meniscus lesion, Medial Collateral Ligament Lesion, Lateral Collateral Ligament Lesion, and Posterior Cruciate Ligament Lesion were the major injuries reported. Football and skiing were the activities which led to most injury types. Lateral Collateral Ligament injury was associated with tennis and gymnastics, Medial Collateral Ligament lesion is related with judo and skiing, handball and volleyballs are associated with anterior cruciate ligament lesion, Posterior Cruciate Ligament lesion is affected mainly due to injuries related to handball, lateral meniscus with gymnastics and dancing, and medial meniscus with tennis and jogging.

Amongst the regional outlook, North America sports medicine market held more than 40% of the overall market in 2018 and is expected to continue the same trend over the next eight years. The major factor that is attributing to the change is the rising popularity of sports and mounting investments in sports medicines. In North America, the United States held more than 85% in 2018 and Canada is expected to witness the highest CAGR over the forecast period. Generally professional sports league is generating huge revenue in sports industry in the United States. Sports leagues majorly includes major league baseball (MLB), the national basketball association (NBA), the national football league (NFL), and the national hockey league (NHL), among others. According to a study, the market for professional sports in the United States is roughly half of the whole sports revenue held in Europe. Its majorly due to the huge disposable income available for the people in the country. Another reason for the rising popularity is the fact that sports are majorly linked with education in the United States, with most high schools and universities organized sports, and this is a unique footprint for the United States that college sports competitions play an important role in the American sporting culture, and college basketball and college football are popular in the country.

The major sports medicine market players includes Smith & Nephew Plc, Stryker Corporation, Johnson & Johnson, Arthrex, Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., DJO Global, Inc., and Wright, Medical Group N.V among the other market participants

Sports Medicine Market:

By Product

Body Reconstruction (Arthroscopy devices, Implants)
Body Support & Recovery Products (Physiotherapy Equipment, Compression Clothing, Braces & Supports)

By Application

Knee Injuries
Shoulder Injuries
Ankle & Foot Injuries
Back & Spine Injuries
Elbow & Wrist Injuries
Hip Injuries
Other Injuries

By Geography

North America
U.S
Canada
Mexico
Rest of North America
Europe
France,
The UK
Spain
Germany
Italy
Nordic Countries
Benelux Union
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Rest of Asia Pacific
Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America

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