Press release
Sports Medicine Market Forecasted to Surge to $12.86 Billion by 2030, Propelled by a 5.1% CAGR - Insights by Allied Market Research
Sports Medicine Market
In a recent report titled "Sports Medicine Market," Allied Market Research delves into the dynamic landscape of the industry, providing a detailed analysis of product segments, applications, and regional trends. The report underscores the industry's resilience, showcasing a robust growth trajectory despite challenges such as the global pandemic. With a comprehensive view of market dynamics, the report projects a steady increase from the $8.52 billion valuation in 2020 to an estimated $12.86 billion by 2030, reflecting a commendable CAGR of 5.1% from 2021 to 2030.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/request-sample/872
Navigating Challenges and Opportunities:
The rise in sports-related injuries, coupled with an increased focus on fitness and proactive healthcare measures, propels the global sports medicine market forward. However, regulatory fluctuations present challenges to market growth. On a positive note, heightened individual awareness regarding fitness and sports, coupled with the availability of advanced medical instruments, creates promising opportunities in the foreseeable future.
Impact of Covid-19 on the Sports Medicine Market:
The Covid-19 pandemic brought unprecedented challenges, with the cancellation of sports events and disruptions in manufacturing activities. Despite these setbacks, the post-pandemic era is expected to witness a resurgence in demand for sports medicines as sports activities resume. The report provides a detailed analysis of the pandemic's impact on manufacturing activities and offers insights into the market's recovery.
Body Reconstruction and Repair Leading the Way:
The body reconstruction and repair segment emerged as the frontrunner in 2020, capturing half of the global sports medicine market share. This segment is poised to maintain its lead, boasting the highest CAGR of 5.9% through 2030. The rapid repairing and restoring functions of injured body parts contribute to the segment's sustained growth. The report also dissects segments including body support and recovery, body monitoring and evaluation, and accessories.
Knee Injuries Spearheading Revenue Growth:
Among the various applications, knee injuries claimed a quarter of the market share in 2020 and are projected to lead in revenue by 2030, showcasing the highest CAGR of 7.6%. The surge is attributed to the increasing prevalence of knee-related injuries during sports activities. The report also analyzes other segments such as shoulder injuries, ankle & foot injuries, back & spine injuries, elbow & wrist injuries, hip injuries, and other injuries.
Regional Dynamics:
North America dominated the market in 2020, contributing over two-fifths of the total market share. The region's supremacy is driven by a surge in sports activities and the presence of key market players. Conversely, Asia-Pacific is anticipated to witness the highest CAGR of 7.0% during the forecast period, fueled by a growing awareness of sports-related injury treatment.
Leading Market Players:
The competitive landscape features prominent players, including Arthrex Inc., CONMED Corporation, DJO Global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V, Smith & Nephew Plc., Stryker Corporation, Wright Medical Group, and Zimmer Biomet Holdings Inc.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: https://www.alliedmarketresearch.com/purchase-enquiry/872
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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