Sports Medicine Market Size Worth US$ 8.5 Billion By 2028 | Industry CAGR of 5.77%

IMARC Group has recently released a new research study titled "Sports Medicine Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028", The global sports medicine market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.

Sports medicine refers to medications used to enhance the physical fitness and prevent and treat injuries associated with athletic activities. It is utilized during cardiac rehabilitation provided by professional cardiothoracic surgeons and nurses to recover and improve the functional capacity of an athlete after experiencing events of heart attack or having cardiac surgery. Sports medicine assists individuals in maintaining safety when pursuing their training goals. It offers functional, medical, and therapeutic aspects of exercise to enhance overall performance. It also reduces the formation of clots in arteries and lowers blood pressure. It helps heal stress fractures, muscle imbalance, and muscular weakness caused by the lack of proper strength training, abnormal gait, and improper footwear. It also cures hormonal imbalance and exercise-related muscle cramps caused by inadequate mineral or other nutrient intakes in a sportsperson. Sports medicine aids athletes in overcoming their emotional challenges and anxieties that can impede performance and enables them to maintain a mental balance while recovering from severe injuries and during competitions across the globe.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/sports-medicine-market/requestsample

Sports Medicine Market Trends and Drivers:

At present, the increasing demand for sports medicine due to the rising participation of individuals in sport-associated activities represents one of the key factors influencing the market positively. Besides this, the growing integration of effective non-surgical or regenerative treatment options, such as platelet-rich plasma (PRP) and stem cell therapies, to help patients recover quickly is offering a favorable market outlook. In addition, the rising utilization of minimally invasive surgical procedures to reduce scarring and the requirement for post-operative care around the world is contributing to the growth of the market.

Apart from this, the increasing employment of musculoskeletal ultrasound (MSK US) for rapid diagnosis and safe treatment and neurocognitive testing in managing concussions is strengthening the growth of the market. Additionally, governing agencies of various countries are launching sports medicine rehabilitation programs to ensure that athletes get easier access to effective medical treatment from experienced doctors and physiotherapists. Moreover, there is an increase in the adoption of healthy lifestyle habits and involvement in fitness activities, such as swimming, bicycling, martial arts, and running, to avoid chronic diseases and weight gain. This, along with the rising popularity of gyms and Zumba centers among fitness enthusiasts across the globe, is propelling the growth of the market. Furthermore, the increasing number of specialty clinics to provide quality healthcare, along with the thriving medical industry, is bolstering the growth of the market.

Explore full report with table of contents: https://www.imarcgroup.com/sports-medicine-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

Body Reconstruction
Fracture & Ligament Repair Products
Arthroscopy Devices
Implants
Orthobiologics
Prosthetics
Body Support and Recovery
Braces & Supports
Physiotherapy
Thermal Therapy
Ultrasound Therapy
Laser Therapy
Electrostimulation Therapy
Body Monitoring and Evaluation
Cardiac Monitoring
Respiratory Monitoring
Hemodynamic Monitoring
Musculoskeletal Monitoring
Compression Clothing
Accessories
Bandages
Disinfectants
Tapes
Others

Breakup by Application:

Knee Injuries 
Shoulder Injuries 
Foot & Ankle Injuries 
Hip & Groin Injuries 
Elbow & Wrist Injuries 
Back & Spine Injuries 
Others

Breakup by End-User:

Hospitals
Orthopedic Specialty Clinics
Fitness and Training Centers
Ambulatory Surgical Centers (ASCs)
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Arthrex
Smith & Nephew plc's
Medtronic plc.
Wright Medical Group N.V.
Bioventus
Stryker 
Mueller Sports Medicine
RTI Surgical Holdings
Breg
Conmed Corporation
Performance Health International Limited
Bauerfeind AG
KARL STORZ Gmbh & Co. kg
Zimmer Biomet Holdings, etc.

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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