Press release
Sports Medicine Market Projections 2025 By Top Players Tornier N.V., DJO Global, Arthrex, Bauerfeind AG, GE Healthcare
Governments across the world have been toiling to increase participation of the masses in sport activities by coming up with a number of policies and initiatives. With the aim to better the physical fitness of younger demographic, a number of schools and institutes have been organizing sports activities and encouraging youth participation. Sports events and activities are being put on priority by governments, schools, and other educational institutions. The support of governments will enhance the necessity of body support and reconstruction products which help to avoid and heal sports injuries. Augmenting requirement of these products is likely to intensify sports medicine market outlook by 2025.
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In the year 2018, the contribution of body reconstruction products was commendable and uplifted sports medicine market share to a significant extent. A sports medicine market forecast report has predicted that body reconstruction products will contribute majorly to increasing the industry share, with a CAGR of 6.4% over 2019-2025.
Body reconstruction items such as prosthetics, implants, arthroscopy devices, fracture and ligament repair products and others, are used to provide effective treatment for people with physical injuries. Acceleration in the number of physical injuries that occur at some point in sports activities, will be significantly driving the sports medicine market size from body reconstruction products segment over the coming times.
Additionally, advancements in reconstruction products such as orthobiologics are also going to help body reconstruction products segment revenue share to expand in the times to come.
Sports medicine industry share from knee injuries segment is anticipated to surge substantially due to the rising occurrences of knee arthroscopy surgeries. The prevalence of anterior cruciate ligament (ACL) injuries have also been estimated to witness growth which may in turn amplify sports medicine market trends. Knee implants have been observing advancements these days and delivering growth to their deployment in replacement surgeries which will intensify knee injuries segment share. Sports medicine industry forecast report has projected that knee injuries segment is going to contribute considerably to the market share with a CAGR of 6.5% over 2019-2025.
Hospitals have well-developed infrastructure and advanced devices which makes them apt to carry out replacement surgeries in the institution. Hospitals have easy accessibility to skilled professionals and cost benefits. Such advantages which can be leveraged at hospitals for surgeries with the least number of difficulties, will support sports medicine industry outlook from hospitals over the times to come.
In 2018, hospitals segment amassed more than 35% of overall sports medicine industry share. As per a sports medicine market forecast by Global Market Insights, Inc., hospital segment will be responsible for having a noteworthy influence in increasing the industry size.
A substantial hike in the number of incidences of physical injuries due to the prevailing interest of the U.S. population towards exercise and sports will impel the regional industry trends. It is expected that the U.S. sports medicine market is likely to exhibit a significant CAGR of 6% over 2019-2025.
Market, By Product, 2014-2025 (USD Million)
• Body Reconstruction Products
• Implants
• Fracture and Ligament Repair Products
• Arthroscopy Devices
• Prosthetics
• Others
• Body Support and Recovery Products
• Braces and Supports
• Compression Clothing
• Physiotherapy Equipment
• Others
• Others
Market, By Injury Type, 2014-2025 (USD Million)
• Knee Injuries
• Shoulder Injuries
• Foot and ankle Injuries
• Elbow and wrist Injuries
• Back and spine Injuries
• Hip and groin Injuries
• Other Injuries
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A few of the majorly acknowledged companies operational in sports medicine industry are CONMED Corporation, Arthrex Inc., DePuy Synthes, Stryker, and Smith & Nephew among others. According to the research report compiled by Global Market Insights Inc., sports medicine market size will experience considerable growth and amass $9 billion by 2025.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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