Press release
Global Sports Medicine Market is anticipated to witness a CAGR of ~6% by 2027 : Demand for Minimally Invasive Surgeries & Innovations in Regenerative Medicine
Slowdown in the Demand for Sports Medicine Points to An Upcoming Recession
The recession's negative impact on the young adults' physical activity highlights the demand for policymakers to consider the impact of major economic slowdowns on the physical activities of young adults. Due to the looming recession, patients are poised to delay their minimally invasive surgical procedures. Companies will mostly witness a slight drop in their orthopaedic robotic system sales as hospitals might tighten their spendings amid an economic slowdown and a looming recession risk.
Potential of Sports Medicine in the Treatment of Sports Injuries Boosts the Growth of the Sports Medicine Market
Sporting injuries are unavoidable for anyone who regularly engages in physical activities or sports. Recent developments in regenerative medicine in the sporting segment focuses mainly on cartilage, tendon, ligament, meniscal, and skeletal muscle injuries. The future contains a trend towards prevention through genetics, nutrigenomics, and numerous monitors and wearables in sports medicine which is further set to drive the growth of the global sports medicine market.
An Increasing Focus on Developing New and Advanced Sports Medicine Products
There have been many recent and rapid innovations in the product category of sports medicine such as rotator cuff repair, high altitude simulation training, anti-gravity treadmill, exoskeletons, virtual and augmented reality, and hip/knee arthroscopy which are revolutionizing the segment of sports medicine market.
For instance, in November 2022, Smith+Nephew announced the introduction of its JOURNEY II ROX Total Knee Solution - a reverse hybrid construct for total knee arthroplasty.
An Increasing Number of Youth Sports Injuries Triggers the Sports Medicine Market Growth
Approximately, more than 3.5 million children under the age group of 14 receive medical treatment for sports injuries each year. Young athletes especially those younger than the age group of 8 are prone to sports injuries. Injuries to one's face or head are more common and account for nearly 27% of high school sports injuries. Sports injuries in children must be treated quickly and properly by using effective techniques so that children can get back to their daily activities and avoid developing any chronic pain or long-term injuries.
Key Market Challenges to the Sports Medicine Market
The rapidly inflated cost of sports medicine & other devices, lack of skilled & trained healthcare professionals, and a global shortage of raw materials & components are some of the primary factors which are likely to impact the growth of the global sports medicine market in the upcoming years.
North America is Set to Hold a Larger Share in the Sports Medicine Market
From a geographical overview, North America is poised to hold a larger market share in the global sports medicine market. This can be mainly attributed to the rising cases of sports-related injuries and muscle tears, growing utilization of absorbable implants and improved sports infrastructures.
Competitive Landscape Analysis: Sports Medicine Market
Some of the leading and well-established companies operating in the global sports medicine market are listed below:-
• Arthrex Inc.
• DePuy Synthes
• Stryker Corporation
• CONMED Corporation
Explore Granular and Detailed Insights on Sports Medicine Market @ https://meditechinsights.com/sports-medicine-market/
Ruta Halde
Associate, Medi-Tech Insights
121/7E Avenue Franklin Roosevelt,
1050 Brussels, Belgium
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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