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At 7.6% CAGR, Sports Medicine Devices Market to Outstrip US$ 9,452.72 Million During (2022-2028) | The Insight Partners

06-23-2023 07:54 AM CET | Health & Medicine

Press release from: The Insight Partners

Sports Medicine Devices Market

Sports Medicine Devices Market

According to our new market research study on "Sports Medicine Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product, Application, End User, and Geography," the market is expected to grow from an estimated value of US$ 6,094.67 million in 2022 to US$ 9,452.72 million by 2028; it is estimated to grow at a CAGR of 7.6% from 2022 to 2028. The report highlights trends prevailing in the market and drivers and hindrances pertaining to the sports medicine devices market growth.

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Based on product, the sports medicine devices market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. In 2022, the body reconstruction and repair segment accounted for the largest market share. Body reconstruction is a specialized treatment used for the damaged or injured skin and tissues.

The reconstruction and repair helps sport person to get back on the field as quickly as possible. The body reconstruction and repair enables are majorly done by the mode of surgeries that require products, such as autografts, allograft struts, mesh cages, cement augmentation, implants, and expandable cages. Therefore, owing to the advantages of the body reconstruction and repair for the sports injuries, the global sports medicine devices market is likely to grow with a significant growth rate in the coming years. Also, the body monitoring and evaluation segment is likely to register the highest CAGR in the market during the forecast period.

Competitive Landscape: Sports Medicine Devices Market: Arthrex Inc., Conmed Corporation, Medtronic, DePuy Synthes, Stryker, Smith & Nephew, DJO Global Inc., Zimmer Biomet, Karl Storz SE & Co., KG, and Breg Inc. are among the leading companies operating in the global sports medicine devices market.

Based on end user, the sports medicine devices market is segmented into hospitals and clinics, physiotherapy centers, sport centers, and ambulatory surgery centers. The hospitals and clinics segment is likely to hold the largest share of the market in 2022. However, the physiotherapy centers segment is anticipated to register the highest CAGR of 8.0% in the market during the forecast period.

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"Sports Medicine Devices Market research report delivers a comprehensive study on production capacity, consumption, import and export for all major regions across the world. Report provides is a professional inclusive study on the current state for the market. Analysis and discussion of important industry like market trends, size, share, growth estimates are mentioned in the report."

The COVID-19 outbreak severely affected medical systems in various regions across the world. The global impacts of the outbreak are being felt across several markets. The COVID-19 pandemic had significantly impacted the sports medicine device market. Several sports activities were suspended or postponed at international, regional, and national levels to control the virus spread in the first quarter of 2020. For example, in March 2020, the International Olympic Committee postponed the Tokyo 2020 Olympic and Paralympic Games to 2021. Therefore, fewer sports injuries were recorded during the initial period of the pandemic, which dropped the demand for sports medicine devices.

By geography, the sports medicine devices market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Chapter Details of Sports Medicine Devices Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Sports Medicine Devices Market Landscape
Part 04: Sports Medicine Devices Market Sizing
Part 05: Sports Medicine Devices Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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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, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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