Sports Medicine Industry Global Outlook and Forecast 2024 to 2031

In recent years, increasing occurrences of sports injuries, the continual intake of new products and treatment methods, breakthroughs in the field of regenerative medicine, and increased demand for less invasive operations are driving growth in the sports medicine market. Growing technical breakthroughs and several new product improvements in sports medicine will drive worldwide market expansion. Rising personal health awareness, along with a major rise in government intervention in promoting and supporting sporting activities, is predicted to drive worldwide market figures. A significant increase in sports activities may result in an increase in the frequency of sports injuries. The Research report on Sports Medicine Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Sports Medicine Market size was valued at USD 7.37 billion in 2022 and is poised to grow from USD 7.78 billion in 2023 to USD 12.04 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

Sports injuries are becoming more common, which will boost market expansion.

Globally, the prevalence of sports injuries has grown in recent years, owing mostly to increasing engagement in sports and active participation in fitness activities. Sports participants are more likely to sustain ligament tears and fractures. Furthermore, the lower extremity accounts for a significant share of all sports injuries worldwide. With increased engagement in sports (among both children and adults) and an increase in the frequency of sports injuries, the need for injury treatment and rehabilitation is predicted to rise globally. This is regarded as a favourable sign of the sports medicine market's expansion.

Strains and sprains account for 42.1% of knee injuries. Contusions and abrasions account for 27.1% of all injuries, whereas lacerations and puncture wounds make up 10.5%. At 49.3%, the majority of knee injuries occur while people are participating in sports or other forms of recreation. Injuries are also frequently caused by "house structures," which account for 30.2% of all injuries, and "home furnishings," which account for 13.6% of all injuries. Males are more likely than females to harm their knees while playing basketball, whereas those 65 and older are more likely to injure their knees while maneuvering ramps, stairs, and landings.

Sports Medicine Market Segmental Analysis:

The Global Sports Medicine Market is segmented on the basis of Product, Injury Type, End-use, and Region.

• Based on Product the market is segmented into Implants, Fracture and ligament repair products, Arthroscopy devices, Prosthetics, and Others.
• Based on injury type the market is divided into knee injuries, Shoulder injuries, Foot and ankle injuries, Back and spine injuries, Hip and groin injuries, and Others.
• Based on end-use the market is segmented into Hospitals, Ambulatory Surgery Centres, and Physiotherapy Centres and Clinics.

Top Players in Sports Medicine Market are

Arthrex (US)
Smith & Nephew (UK)
Stryker Corporation (US)
Zimmer Biomet (US)
Breg, Inc. (US)
Mueller Sports Medicine, Inc. (US)
Ossur (Iceland)
DePuy Synthes Companies (a Johnson & Johnson company) ()
Performance Health International Limited (US)
Medtronic (US)
3M Healthcare (UK)
Medline Industries, Inc. (US)
Conmed Corporation (US)
Biotek Instruments, Inc. (US)
RTI Surgical, Inc. (US)
KARL STORZ (Germany)
Bauerfeind AG (Georgia)
Medshape (US)
Cramer Products (US)
Bauerfeind AG (Germany)

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Essential regions of the Sports Medicine market are:

• Sports Medicine North America Market includes (Canada, Mexico, USA)
• Sports Medicine Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Sports Medicine Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Sports Medicine South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Sports Medicine industry.

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Pivotal questions answered in the global Sports Medicine market report:

• What are the major value propositions of the Sports Medicine market?
• What are the new strategical frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?
• What technologies are expected to adopt the new regulations in Sports Medicine report?
• What are the key collaborations generated by the vendors to consolidate their position in the Sports Medicine market?
• What are the vital offerings new entrants concentrate on to implement unique positioning strategies?
• What are the futuristic prospects of the Sports Medicine market across the globe?

Looking ahead, the Sports Medicine Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Sports Medicine Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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