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Sports Medicine Market expected to reach US$9,655.6 million By 2023 at CAGR of 8.9%

01-28-2022 01:24 PM CET | Health & Medicine

Press release from: Market Research Future (MRFR)

Sports Medicine Market expected to reach US$9,655.6 million

The global sports medicine market will grow at a CAGR of 8.9% during the forecast period 2017 to 2023. The market for sports medicine is set to reach US$9,655.6 million by 2023. As per sports medicine analysts, the global market is anticipated to witness growth owing to the factors such as on-going technological development as well as the expansion of medical associations. However, sports medicine will face challenges and restraints due to the dearth of expertise and the noticeably strong shortage of skilled professionals with experience and knowledge during the forecast period 2017 to 2023.

The growing cases of sports injuries in sports medicine will support the growth. As per sports medicine analysts, the sports medicine based companies will face certain challenges during the forecast period 2017 to 2023. The sports medicine research report provides in-depth analysis of the application, end-users, procedure, and product segments. The sports medicine research report presents factors such as lack of sports culture that could slow down the sports medicine's growth.

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Market Segmentation

The market for sports medicine has been segmented into application, end-users, procedure, and product. Based on the segment which is application, the market is categorized on the basis of hip treatment, knee treatment, shoulder treatment, spine treatment, and others. The global market for sports medicine is further segmented based on procedure into cartilage repair, tendinosis, and tendon to bone. Furthermore, the market, on the basis of product is segmented into accessories & consumables, joint reconstructive & repair products, support & recovery products, and others. Based on the segment which is end-user, the market is categorized on the basis of ambulatory care, hospitals & emergency care, trauma centers, and others.

The sports medicine report offers comprehensive study of the sports medicine segments including application, end-users, procedure, and product. The analysts have also studied the sports medicine's spread across the regional markets across many of the sports medicine’s segments at country levels. The application, end-users, procedure, and product segments spread across the sports medicine along with the subsegments are studied. The global market for sports medicine is spread across various product and service based segments. The sports medicine research report highlights these key segments and offers forecasts based on primary and secondary data. The global sports medicine research report presents key company profiles of organizations active across the sports medicine.

Regional Overview

The unfavorable reimbursement policies may hinder the sports medicine growth. The sports medicine research report suggests that companies in the sports medicine could be supported by the lack of carelessness while practicing the sport as well as the increasing participation in sports during the forecast period. The sports medicine is set to register growth at a high CAGR owing to these key factors. The sports medicine is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per sports medicine analysts, the sports medicine is set to witness tremendous growth across application, end-users, procedure, and product segments. The global sports medicine’s North American region covers sports medicines across the United States, Mexico, Canada, and others. Businesses present in the sports medicine are also profiled and their strategies have been presented in detail in the sports medicine research report.

The sports medicine across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the sports medicine research report provides details about the APAC region covering sports medicines from China, India, Australia, Japan, and others. The sports medicine is also active across several other parts of the world. The sports medicine report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global sports medicine..

Competitive Landscape

Sports medicine has seen tremendous growth, due to the rising incidence of sports injuries and the growing awareness about fitness. However, lack of expertise and sluggish development of medical associations would challenge the companies active in the sports medicine. Furthermore, companies using growth strategies to stay ahead in the global sports medicine are expected to help the market during the forecast period 2017 to 2023. As the sports medicine report suggests that the sports medicine will register a CAGR of 8.9% and reach a US$9,655.6 million by 2023, the market report highlights key areas sports medicine based companies need to focus on. The sports medicine research report projects a long term growth till 2023. Based on sports medicine’s analysis on the basis of SWOT and Porters’ Five Force Model, the sports medicine will rise during the forecast period 2017 to 2023, however the companies need to move ahead with caution. The sports medicine research report highlights such key areas.

Key market participants profiled in MRFR’s report include AkzoNobel N.V (Netherlands), Ashland Inc. (U.S.), Givaudan (Switzerland), Exxon Mobil Corporation (U.S.), Lanxess AG (Germany), Croda International Inc. (Switzerland), Solvay S.A. (Belgium), Lenzing AG (Austria), DowDuPont, Inc. (U.S.), Henkel AG & Co. KGaA (Germany), BHS Specialty Chemicals (U.S.), H.B Fuller (U.S.), BASF SE (Germany), and  Clariant AG (Switzerland).

Industry News

EXOS, a leading individual performer, has announced the purchase of D1 Sports Medicine, which offers physical therapy treatment for athletes and ensures a stable and optimal return on injuries for top sports medicine orthopedist. EXOS' latest physical therapy sites would further accelerate EXOS' healthcare policy of working in partnership with hospitals and community departments for holistic health, physical therapy and efficiency strategies in the local community.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/sports-medicine-market-3503

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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