Sports Mouthguard Market could be worth US$ 4,958.90 Mn by 2028, says The Insight Partners

A new market study report by The Insight Partners on the Sports Mouthguard Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period.

The sports mouthguard market size is expected to reach US$ 4,958.90 million by 2028; registering at a CAGR of 10.8% from 2021 to 2028, according to a new research study conducted by The Insight Partners.

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The report highlights the market trends, drivers, and deterrents. Numerous sports-related oral injuries and high treatment expenses and technological advancements in mouthguards are among the key factors driving the market. However, the lack of consumer awareness regarding the importance of sports mouthguards is hindering market growth.

The key market drivers for Sports Mouthguard Market Includes, rising geriatric population across the globe along with significant increase in physically challenged population. Moreover, increased healthcare spending in developed nations is also expected to fuel market growth. Whereas, less awareness of Sports Mouthguard in low income nations is expected to restrain market growth during forecast period.

Based on product, the global sports mouthguard market is segmented into stock mouthguard, boil and bite mouthguard, custom made mouthguard, and smart mouthguards. In 2020, the boil and bite mouthguard segment held the largest share of the market. However, the custom made mouthguard segment is expected to register the highest CAGR in the market during 2021-2028. Boil and bite mouthguard provides superior protection against numerous orofacial injuries when compared to a standard mouthguard. Moreover, their cost is comparatively low. Boil and bite mouth protectors are also available for purchase at many sporting goods stores, and they may provide a more comfortable fit than standard mouthguards.

The Emerging Players in the Sports Mouthguard Market includes: Nike, Inc.; Makura Sport; Shock Doctor Inc.; AKERVALL TECHNOLOGIES INC.; MOGO SPORT; Brain Pad, Inc.; Gobsmacked sports mouthguards; Max Mouthguards; OPRO; Venum; and Decathlon. Companies are adopting organic and inorganic growth strategies to sustain their position in the sports mouthguard market.

Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Sports Mouthguard Market which would mention How the Covid-19 is Affecting the Sports Mouthguard Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Covid-19 Impact on Key Regions and Proposal for Sports Mouthguard Players to fight Covid-19 Impact.

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The COVID-19 outbreak has led to compulsory mobility restrictions and a ban on the organization of sports/group events in this region; these factors have impacted the sports industry in these countries. All these factors are expected to negatively impact the growth of the sports mouthguards market in this region in the coming quarters. The developed countries such as the US are major markets for the growth of the sports mouthguard market.

The ongoing interruptions in the growth of the sports industry due to cancellations and postponement of various big sports events as a result of the COVID-19 outbreak are affecting the revenue of the key market players operating globally. The slowdown in the sports industry is also resulting in financial challenges for teams, clubs, leagues, and sports organizers. Hence, the ongoing COVID-19 crisis and critical situation in the US are anticipated to impact the sports mouthguard market growth negatively for at least the next few quarters.

Factors such as growing demand for digital classrooms along with ascending demand from online gamers is contributing to the growth of market. Furthermore, increasing adoption of Sports Mouthguard in retail sector and increasing user engagement with the help of Sports Mouthguard for applications such as way finding will drive the growth of Sports Mouthguard market during forecast period.

The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2021-2028? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Sports Mouthguard market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Sports Mouthguard market?
• What are the prominent market trends influencing the development of the Sports Mouthguard market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Sports Mouthguard market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.