Global Sports Medicine Market Size, Share, Future Trends, Business Opportunities, Top Companies, Forecast To 2032|Stryker Corporation, Arthrex Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Sports Medicine Global Market Report 2023 identifies The increasing number of sports injuries as the major driver for the sports medicine market's growth in the forecast period. Sports injuries refer to injuries that are caused during sports or exercise, and they are not limited to athletes. They are commonly caused by a direct impact, overuse, or force application. Sports medicine provides treatment or support for sports injuries, so an increase in sports injuries will propel market growth.

The global sports medicine market size is expected to grow from $7.09 billion in 2022 to $7.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.62%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sports medicine market size is expected to reach $10.00 billion in 2027 at a CAGR of 7.00%.

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Major competitors in the sports medicine market are Stryker Corporation, Arthrex Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Mueller Sports Medicine, Inc., Karl Storz SE & Co. KG, CONMED Corporation, Johnson & Johnson, DJO Global, Breg, Inc., RTI Surgical, Inc., Performance Health International Limited, Bauerfeind AG, Ossur Corporate, Cramer Product Inc.

A key trend in the sports medicine market includes Product innovations. Major companies operating in the sports medicine market are focused on developing new technological solutions to strengthen their position. For instance, in April 2021, Smith & Nephew Inc., a UK-based medical equipment manufacturing company, launched a new 4K surgical imaging technology called 4KO. The new technology is designed to improve image quality and increase the resolution by a minimum of 30%. The 4KO provides increased brightness and clarity to the surgeons so they can determine the best treatment for the patients. The new technology is meant to expand the company's sports medicine wireless arthroscopic tower.

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The sports medicine market is segmented -
• By Product: Implants, Fracture And Ligament Repair Products, Arthroscopy Devices, Prosthetics, Other Products
• By Injury Type: Knee Injuries, Shoulder Injuries, Foot And Ankle Injuries, Back And Spine Injuries, Hip And Groin Injuries
• By End User: Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres And Clinics
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sports medicine market.

The Business Research Company's "Global Sports Medicine Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Sports Medicine Market Include:
1. Executive Summary
2. Sports Medicine Market Characteristics
3. Sports Medicine Market Trends And Strategies
4. Sports Medicine Market - Macro Economic Scenario
5. Sports Medicine Market Size And Growth
……
26. Africa Sports Medicine Market
27. Sports Medicine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Sports Medicine Market
29. Sports Medicine Market Future Outlook and Potential Analysis
30. Appendix

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