Sports Medicine Market 2022 to 2030 - New Study, Industry Scope, and Growth Strategies
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The sports medicine market is estimated to reach US $ 15.82 billion by 2031, from a market value of US $ 8.87 billion in 2022, and is expected to grow at a CAGR of 7.5% during the 2022-2031 forecast period.
Sports medicine includes drugs that can be used to treat and prevent exercise and sports-related injuries. increase. Sports medicine terminology is a broad team that includes physicists, kinematicians, athlete trainers, physiotherapists, physiotherapists, and more. The product segment is divided into body monitoring, body reconstruction, body support and sports accessories. Reconstruction and support devices have gained a collective share of over 50% of the global market.
Sports medicine has shown considerable growth in all other healthcare areas. Experts in this field have the ability to treat people of all kinds, not just athletes. The increasing demand for sports medicine has been witnessed for many years due to the increased incidence of sports-related injuries and the growing awareness of people about physical fitness. Government initiatives related to sports medicine are also increasing the participation of athletes around the world. In addition, the growing demand for minimally invasive surgery is driving the growth of the sports medicine market during the forecast period. However, the lack of skilled professionals in this area, and improper management and guidelines for sports medicine, can curb the growth of the sports medicine market during the forecast period.
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Sports medicine market segment
The sports medicine market is divided by product (physical monitoring, physical reconstruction, physical support, sports accessories), application (knees, shoulders, back and spine, hips, etc.) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Regional Overview of the Sports Medicine Market The sports medicine market in the
North American region recorded a 49.36% share of global market revenue. The increasing number of orthopedic surgeries due to the high prevalence of accidents caused during physical activity is supporting the growth of the sports medicine market in the region. According to the CDC, approximately 51.4 million orthopedic surgeries were performed in the United States in 2015. The highest prevalence of orthopedic conditions and the high adoption of advanced treatment procedures are driving the growth of the US sports medicine market. Meanwhile, the Asia Pacific region is considered a promising market and is growing at a growth rate of 9.1% during the forecast period.
These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.
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A major key player in the sports medicine market
Leading key players in the sports medicine market include Medtronic, Smith & Nephew, Stryker, Conmed and Wright Medical Technology. The study includes a detailed competitive analysis of these major companies in the sports medicine market, corporate profiles, recent developments, and key market strategies.
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