Sports Medicine Market Size to Surpass US$ 8.5 Billion at 5.77% CAGR by 2028 | IMARC Group

The latest report by IMARC Group, 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 is a specialized field of healthcare that focuses on the prevention, diagnosis, treatment, and rehabilitation of injuries related to sports and physical activity. It encompasses a wide range of medical disciplines, including orthopedics, physical therapy, exercise physiology, and nutrition. The primary goal of sports medicine is to help athletes and physically active individuals optimize their performance and maintain their overall health and well-being. Sports medicine professionals work with athletes of all levels, from amateur enthusiasts to elite athletes, providing tailored treatment plans and guidance. They play a crucial role in injury prevention through the development of exercise and conditioning programs, as well as the promotion of safe training practices.

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Sports Medicine Market Trends and Drivers:

The rising popularity of sports and physical fitness activities worldwide has led to a higher incidence of sports-related injuries. As more people engage in sports, the demand for sports medicine services and products has grown substantially. Additionally, an aging population remains active in sports and fitness pursuits, increasing the likelihood of age-related injuries. This demographic shift has driven the demand for sports medicine services, particularly for conditions like osteoarthritis and joint problems. Other than this, the sports industry, including professional sports leagues and events, has expanded globally. This growth has necessitated the need for top-notch sports medicine specialists to care for athletes and ensure their peak performance. Besides this, public awareness about the importance of maintaining an active and healthy lifestyle has surged. As individuals become more health-conscious, they seek out sports medicine expertise for injury prevention, management, and performance optimization.

Competitive Landscape:

The competitive landscape of the market has also been analyzed, with some of the top leading sports medicine companies.

Some of these key players include:

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.

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The report has segmented the market on the basis of Product Type, End-User and Region.

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

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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This release was published on openPR.