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Sports Medicine Market Growth, Competitive Analysis and Forecast 2027 | Arthrex Inc., CONMED Corporation, Johnson & Johnson

10-19-2021 02:59 PM CET | Health & Medicine

Press release from: UnivDatos Market Insights (UMI)

Sports Medicine Market Growth, Competitive Analysis

A comprehensive overview of the sports medicine market is recently added by UnivDatos Market Insights to its humongous database. The Sports Medicine market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the sports medicine market. The sports medicine market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the sports medicine market at the global and regional levels. The Global Sports Medicine Market is expected to grow at a CAGR of --% from 2021-2027 to reach USD -- million by 2027.

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Market Overview
The growth of this market is driven owing to increasing incidences of sports injuries, continuous influx of new products & treatment modalities, developments in the field of regenerative medicine, rising demand for minimally invasive surgeries. For instance, According to the article published by Sarah Megginson in February 2020, 89% of Australian adults participate in sports every year, with 62% participating at least three times a week. 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.

According to the National Safety Council (NSC), in 2019 exercise, with or without exercise equipment, accounted for about 468,000 injuries, the most of any category of sports and recreation. Bicycling followed with about 417,000 injuries, while basketball with 404,000 injuries, and football, with 292,000 injuries, ranked third and fourth.
Furthermore, the factors that are fueling the market include the rising burden of sports injuries, consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries. According to the article published by Sarah Megginson in February 2020, 89% of Australian adults participate in sports every year, with 62% participating at least three times a week. Furthermore, in 2019, a study published by Wu Jianxi, et al., in the International Journal of Sports and Exercise Medicine reported that the increasing popularization of futsal in China led to the highest number of ankle-related injuries, as futsal is a whole-body contact sport of technical confrontation. Thus, with the rising number of sports injuries, the demand for sports medicine is also expected to increase across the world.

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COVID-19 Impact
The COVID-19 pandemic that began in Wuhan, China, has caused significant disruptions to businesses and economic activities worldwide. COVID-19 had a negatively affected the global market due to deferral and cancellation of a range of non-emergency procedures. This thereby affected the revenue streams of the market players. However, the market will recover and grow at a steady pace in the forthcoming years with decreasing effect of the pandemic.

The COVID-19 outbreak has upended many lives and businesses on an unprecedented scale. Due to the pandemic, most organized sports activities have been on hold or postponed. In March 2020, the International Olympic Committee postponed the 2020 Tokyo Olympics and Paralympic to 2021. Such developments are expected to significantly affect the growth of the sports medicine market in the coming months. According to The CovidSurg Collaborative, a 120-country research initiative formed to analyze the impact of the COVID- 19 pandemic on surgeries, around 28.4 million elective surgeries worldwide will be canceled or postponed in 2020, based on 12 weeks of peak disruption to hospital services due to COVID-19. This collaborative has also estimated that orthopedic procedures will be the most frequently canceled procedures, with 6.3 million orthopedic surgeries canceled worldwide over 12 weeks. The growth of the sports medicine market is halted due to the Covid-19 outbreak but is expected to be restored once the situation stabilizes.

Global Sports Medicine Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product, the market is primarily bifurcated into
• Body Reconstruction Products
• Body Support and Recovery Products
• Accessories

Amongst all the products, the body reconstruction products segment dominated the global sports medicine market and will row at --% CAGR to reach USD -- million by the year 2027 on the back of due to increasing cases of sports injuries as sports athletes need to take care of their body parts during sport activities and maintains it for long run.

By Application, the market is primarily segmented into
• Knee Injuries
• Shoulder Injuries
• Foot and Ankle Injuries
• Elbow and Wrist Injuries
• Hip and Groin Injuries
• Others

Based on application, the market can be divided into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, hip & groin, and other injuries. Among these application segments the knee injuries segment held the largest share of the market in 2020, a trend that is expected to continue during the forecast period. The large share of this segment can be attributed to the fact that many knee injuries are recorded across major sports, globally, accounting for approximately 40% of all injuries due to sports. Sports medicine is widely used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of athletes. In 2019, the US Department of Health and Human Services estimated that 8.6 million sports injuries occur each year. The most common types of sports injuries are sprains, strains, and fractures. Besides, 2 million injuries occur among high school athletes each year, with 500,000 doctor visits and 30,000 hospitalizations, as per the same source.

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Sports Medicine Market Geographical Segmentation Includes:
• North America (United States, Canada and Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• Rest of the World

Based on the estimation, the North America region dominated the Sports Medicine market with almost USD -- million revenue in 2020. At the same time, Asia Pacific region is anticipated to witness highest growth over the next 5 years on account of countries growing influx of new products and treatment modalities due to active government participation in encouraging sports activities and China is expected to dominate the Asia-Pacific market as China is one of the world's leading countries in the rapidly influx of athletes.

The major players targeting the market includes
• Arthrex Inc.
• CONMED Corporation
• Johnson & Johnson
• Medtronic PLC
• Smith & Nephew
• Stryker Corporation
• Breg Inc.
• Wright Medical Group
• Performance Health International Limited
• Mueller Sports Medicine Inc.

Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the sports medicine market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Sports Medicine market?
• Which factors are influencing the Sports Medicine market over the forecast period?
• What are the global challenges, threats, and risks in the Sports Medicine market?
• Which factors are propelling and restraining the Sports Medicine market?
• What are the demanding global regions of the Sports Medicine market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Download Free Sample of this Report- https://univdatos.com/get-a-free-sample-form-php/?product_id=8917

Table Of Content:

1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS (INDUSTRY AT A GLANCE)
4 EXECUTIVE SUMMARY
5. SPORTS MEDICINE AMID COVID-19
6. GLOBAL SPORTS MEDICINE MARKET REVENUE (USD MN), 2019-2027F
7. MARKET INSIGHTS BY PRODUCT
8. MARKET INSIGHTS BY APPLICATION
9. MARKET INSIGHTS BY END-USER
10. MARKET INSIGHTS BY REGION
11. SPORTS MEDICINE MARKET DYNAMICS
12. SPORTS MEDICINE MARKET OPPORTUNITIES
13. SPORTS MEDICINE MARKET TRENDS
14. LEGAL & REGULATORY FRAMEWORK
15. DEMAND AND SUPPLY SIDE ANALYSIS
16. VALUE CHAIN ANALYSIS
17. COMPETITIVE SCENARIO
18. COMPANY PROFILED
19. DISCLAIMER

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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