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

The global 𝐬𝐩𝐨𝐫𝐭𝐬 𝐦𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, 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.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐩𝐨𝐫𝐭𝐬 𝐌𝐞𝐝𝐢𝐜𝐢𝐧𝐞 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

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.

𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

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

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

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)

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

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

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

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.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐨𝐥𝐲𝐜𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐆𝐥𝐚𝐳𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭- 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

𝐏𝐥𝐚𝐭𝐞𝐥𝐞𝐭-𝐫𝐢𝐜𝐡 𝐏𝐥𝐚𝐬𝐦𝐚 𝐌𝐚𝐫𝐤𝐞𝐭- 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

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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