Sports Medicine Market is expected to reach USD 8.67 billion by 2027

The research report “Global Sports Medicine Market By product,(Athletic Tapes & Wraps, Dressings, Emergency Equipment, Exercise & Rehabilitation Products, Foot Care, Felt, Foam & Pressure Relief Products, Hydration Products, Pharmaceutical & Sundries, Diagnostics, Others) by application, (Ankle & Foot Injuries, Shoulder Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Knee Injuries, Hip & Groin Injuries, Other Injuries) by end user, (Hospitals, Ambulatory Surgical Centres, Homecare, Others), and Geography Global/Region/Country Forecast to 2027", The Sports medicine Market was valued at USD 6.2 billion in the year 2020 and is anticipated to grow at USD 8.67 billion till 2027 witnessing CAGR of 4.9% during the forecast period 2021-2027 .

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Global Sports Medicine Market By product,(Athletic Tapes & Wraps, Dressings, Emergency Equipment, Exercise & Rehabilitation Products, Foot Care, Felt, Foam & Pressure Relief Products, Hydration Products, Pharmaceutical & Sundries, Diagnostics, Others) by application, (Ankle & Foot Injuries, Shoulder Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Knee Injuries, Hip & Groin Injuries, Other Injuries) by end user, (Hospitals, Ambulatory Surgical Centres, Homecare, Others), and Geography Global/Region/Country Forecast to 2027"

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Growing sport injuries incidents will boost the sports medicine market:
Sports medicine is particularly used to treat injuries caused during sports as well as exercise. Sports medicine is also called as sports and exercise medicine (SEM). Sports medicine works effectively as it is the collective efforts of physical therapists, sports scientists, athletic trainers as well as physicians to give best medical care for injuries caused out of sports and athletics. This medicine is particularly used for treating musculoskeletal injuries like bursitis, sprains, contusions, dislocations and meniscal injuries, which occur while doing exercise and playing sports.

Sports medicine market is anticipated to grow at considerable rate due to increasing conditions of sports injuries as well as increasing awareness about physical fitness. In addition, there are a few other factors that are fostering the growth of sports medicine market, which include allograft techniques, increasing government funds to sports-related activities and new developments in orthopaedics injuries management like emergence of minimally invasive surgery methods. Furthermore, increasing sport activities and companies R&D activities related to sports medicine will impel the growth of the sports medicine market. But, inadequate compensation policies for sports medicine and skilled experts for injuries treatment are anticipated to hinder the market growth during the forecasting years 2021-2027. Another market driven factor is the presence of regional as well as multinational industry players in the sports medicine market. There are several industries adopting collaborations as well as coalitions to gain profits and make their position in the market.

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North America is anticipated to obtain the huge revenue share in the Global Sports Medicine Market:
North America is projected to dominate the sports medicine market amid other regions recording notable rate due to increasing awareness amid people about health and fitness, growing investments for government for sports medicine and well-established healthcare market. Asia Pacific is anticipated to be the fastest growing market place because of the developing healthcare infrastructure and huge government funding for sport activities.

Competitive Analysis:
This market report depicts some of the leading industry players operating in sports medicine market , which include Stryker Corporation (U.S.), Smith & Nephew Plc (U.K.), Johnson & Johnson Services Inc. (Depuy Mitek) (U.S.), Conmed Corporation (U.S.), Arthrex, Inc. (U.S.), Zimmer Biomet Holdings, Inc., (U.S.), Mueller Sports Medicine, Inc. (U.S.), Breg, Inc. (Orthofix) (U.S.), DJO Global, Inc. (U.S.), MedShape, Inc. (U.S.), Wright Medical Group Inc. (U.S.), NuVasive, Inc. (U.S.) and Osiris Therapeutics, Inc. (U.S.).

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