Sports Medicine Devices Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Sports Medicine Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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 growth in the historic period can be attributed to military operations and conflicts, rise in commercial aviation, global geopolitical changes, regulatory standards and compliance, fluctuations in fuel prices..

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%. The growth in the forecast period can be attributed to growing military expenditure, expansion of commercial aviation, technological advancements in refueling systems, global geopolitical changes, adoption of sustainable aviation fuels.. Major trends in the forecast period include automation in refueling systems, use of unmanned aerial vehicles (uavs), adoption of autonomous technologies, advanced fueling techniques, enhanced safety measures..

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Market Drivers and Trends:

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 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.

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Major Key Players of the Market:

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

Sports Medicine Devices Market 2024 Key Insights:

• The sports medicine devices market will grow to $11 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
• The Surge In Sports Injuries Propels Growth In The Sports Medicine Device Market
• Technological Advancements In Sports Medicine Devices
• North America was the largest region in the sports medicine device market in 2023

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