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Sports Medicine Market Research Report Study by Development Status, Market Dynamics, Opportunities, Challenge and Risk 2023

02-22-2018 02:16 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Infinium Global Research

Sports Medicine Market Research Report Study by Development

The global market for sports medicine was valued at around USD 6.0 billion in 2017 and is expected to reach USD 10.4 billion by 2023, growing at a CAGR of around 8.3% during the forecast period of 2017 to 2023. Sports medicine, also known as sport and exercise medicine (SEM) deals with physical fitness and the treatment and prevention of injuries related to sports and exercise. Treatment of injuries and disorders that often result from physical activity to help patients maximize function and minimize disability and recovery time. Typically soft tissue (ligaments, tendons, cartilage) injuries or disorders treated by keyhole surgery. This market comprises products and devices used by professional or non-professional athletes or sportspersons to prevent and protect themselves from injuries and also to enhance performance. The sports medicine products play an important role in the rehabilitation, recovery, protection, endurance, and monitoring of athletes while playing sports.

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Increasing research activities in sports medicine industry to introduce new treatment options into the market, rising incidence of fractures, developments in regenerative medicine, increasing demand for minimally invasive surgical procedures, technological advancements in implants, and innovations in prosthetic and implants along with increasing demand for performance monitoring devices is expected to fuel the market growth. In addition, introduction of new products and treatments options and increasing awareness further expected drive the market growth in the coming years. However, high cost associated with these devices and treatments likely to restrain the market growth.

Geographically, North America is the leading contributor to the market and is expected to retain its position during the forecast period due to high awareness, presence of large number of providers, rise in investments, rising incidence of trauma and related injuries, and various initiatives by government in the healthcare sector. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due to increased healthcare awareness, technological advancements, significant investments and growing awareness among the population about the treatment options available in the market.

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The report provides profiles of the companies in the global hydroponics market such as, Stryker Corporation, Zimmer Biomet, Smith & Nephew, Acumed LLC, Conmed Corporation, DePuy Synthes, Wright Medical Technology, Arthrex, etc.

About Us

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

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Infinium Global Research,
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