Sports Medicine Devices Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033

The new report published by The Business Research Company, titled "Sports Medicine Devices Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sports medicine devices market size has grown strongly in recent years. It will grow from $7.44 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The sports medicine devices market size is expected to see strong growth in the next few years. It will grow to $11 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.

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The Surge In Sports Injuries Propels Growth In The Sports Medicine Device Market
The rise in sports injuries is expected to boost the growth of the sports medicine device market going forward. Sports injury refers to the various types of wounds that commonly occur during athletic activity. Sports medicine devices are utilized for more than just injury treatment, they can also be used for performance training, physical therapy, and injury prevention, hence, the rise in sports injuries is expected to boost the sports medicine devices market. For instance, according to a report published by the National Safety Council (NSC), a US-based public service organization promoting health and safety, Injuries from sports and recreation have increased by 20% in 2021. Injuries occurring while using recreational and leisure equipment required emergency care for 3.2 million people in 2021. Males are harmed approximately twice as often as females (2,158,887 females vs. 4,148,404 males), and 91% of injury victims are treated and released from emergency departments in 2021. Therefore, the rise in sports injuries is driving the growth of the sports medicine device market.

Technological Advancements In Sports Medicine Devices
Technological advancement is the key trend gaining popularity in the sports medicine device market. Major companies operating in the sports medicine device market are focusing on developing new technologies. For instance, in September 2021, Smith & Nephew, a UK-based medical technology company, launched the JOURNEY II Medial Dished (MD). The product is distinguished by its ability to provide more normal kinematics regardless of the state or absence of the posterior cruciate ligament (PCL). The whole JOURNEY II collection is designed to mimic the normal forms, postures, and mobility of the healthy knee.

The sports medicine devices market covered in this report is segmented -

1) By Product: Orthopedic Devices, Body Reconstruction And Repair, Body Support And Recovery, Body Monitoring And Evaluation, Accessories
2) By Orthopedic Product: Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologic
3) By Recovery And Support Product: Braces, Performance Monitoring Devices, Accessories, Other Recovery Products
4) By Application: Knee Injury, Shoulder Injury, Ankle-Foot Injury, Back-Spine Injury, Hand-Wrist Injury, Hip-Groin Injury, Arm-Elbow Injury
5) By End Users: Ambulatory Surgical Centers, Hospitals, Orthopaedic Clinics, Other End Users

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Major companies operating in the sports medicine devices market report are Arthrex Inc., Conmed Corporation, DJO LLC, Johnson & Johnson Services Inc., Stryker Corp., Smith & Nephew plc, Breg Inc., Mueller Sports Inc., Wright Medical Group NV, Medtronic Inc., RTI Surgical Holdings Inc., Performance Health International Limited, Karl Storz SE & Co. KG, Bauerfeind AG, MedShape Inc., Cramer Products Inc., BioTek Instruments Inc., RôG Sports Medicine, Zimmer Biomet Holdings Inc., ArthroCare Corp., Mitek Sports Medicine, DonJoy Orthopedics, Össur public limited company, Otto Bock HealthCare GmbH, Bledsoe Brace Systems, Acumed LLC, BSN medical GmbH.

Contents of the report:
1. Executive Summary
2. Sports Medicine Devices Market Report Structure
3. Sports Medicine Devices Market Trends And Strategies
4. Sports Medicine Devices Market - Macro Economic Scenario
5. Sports Medicine Devices Market Size And Growth
…..
27. Sports Medicine Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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