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Sports Medicine Devices Market to Grow at a CAGR of 5.6% from 2021 to 2028, Reaching US$ 13.85 Billion | Exclusive Report by Transparency Market Research

02-27-2024 10:06 AM CET | Health & Medicine

Press release from: Transparency Market Research

Sports Medicine Devices

Sports Medicine Devices

The global ๐ฌ๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฆ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ, valued at US$ 9.08 billion in 2020 and projected to reach US$ 13.85 billion by the end of 2028, is driven by technological advancements and a growing emphasis on sports activities among both younger and older populations.

With an estimated compound annual growth rate (CAGR) of 5.6% from 2021 to 2028, the market is witnessing increasing adoption of cost-conscious treatment methods and preventive care measures over proactive approaches. Wearable devices like pulse oximeters and fitness bands play a pivotal role in monitoring stress load and preventing fatigue-related injuries among athletes, contributing to market growth. However, challenges such as unfavorable reimbursement policies in developed countries may impede the market's expansion.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=765&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ญ๐จ ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

North America is expected to account for the largest share of the global sports medicine devices market, and is expected to continue to lead the market in terms of revenue generation during the forecast period. Companies operating in the North America sports medicine devices market are focusing on development of cost-conscious treatment methods. With rising involvement of elderly population in sports activities, the demand for arthroscopic procedure is expected to grow in the forthcoming years in North America. This factor is expected to be one of the key drivers of the market.

Asia Pacific is expected to be the fastest growing region in the global sports medicine devices market, owing to the increase in incidences of sports injuries and rise in awareness about fitness in the elderly population. Moreover, the lucrative presence of manufacturers operating in the Asia Pacific market are creating revenue opportunities.

๐Œ๐š๐ฃ๐จ๐ซ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Allergan plc,Bayer AG,F. Hoffmann-La Roche Ltd.,Graybug Vision, Inc.,Kubota Pharmaceutical Holdings Co., Ltd.,Novartis AG,Pfizer, Inc.,Regeneron Pharmaceuticals, Inc.,Santen Pharmaceutical Co., Ltd.,Takeda Pharmaceutical Company Limited

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

Orthopedic Product

Artificial Joint Implants
Arthroscopy Devices
Fracture Repair Devices
Prosthesis
Orthobiologic

Recovery & Support Product

Braces
Performance Monitoring Devices
Accessories
Other recovery products

Thermotherapy
Cryotherapy
Ultrasound
Electric Stimulation Devices
Compression Clothing

๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

๐†๐ž๐ญ ๐“๐ก๐ข๐ฌ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=765<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Trends shaping the sports medicine devices market include the integration of digital health technologies, personalized treatment approaches, wearable devices for real-time monitoring, and the emergence of regenerative medicine techniques for injury management and tissue repair.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Key study points include analyzing market dynamics, identifying growth opportunities, assessing competitive landscapes, understanding consumer preferences, and tracking technological advancements in sports medicine devices.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

The future outlook for the sports medicine devices market is promising, with continued innovation expected to drive market expansion. Technological advancements, strategic collaborations, and an evolving regulatory landscape will shape the trajectory of this dynamic market.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐๐จ๐ฅ๐ฒ๐œ๐š๐ซ๐›๐จ๐ง๐š๐ญ๐ž ๐†๐ฅ๐š๐ณ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/24/2675241/0/en/Automotive-Polycarbonate-Glazing-Market-is-Projected-to-Grow-at-a-CAGR-of-8-3-Between-2021-and-2031-As-per-TMR-Study.html

๐๐ฅ๐š๐ญ๐ž๐ฅ๐ž๐ญ-๐ซ๐ข๐œ๐ก ๐๐ฅ๐š๐ฌ๐ฆ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/24/2675129/0/en/Platelet-rich-Plasma-Market-Forecasted-to-Achieve-11-2-CAGR-According-to-TMR-Study.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Nikhil Sawlani
Transparency Market Research Inc.
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