According to the latest report by IMARC Group “Sports Medicine Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027“, The global sports medicine market reached a value of US$ 5.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2027, exhibiting a CAGR of 5.7% during 2022-2027.
Sports medicine is a discipline of medicine concerned with the prevention, diagnosis, and treatment of injuries induced by intense activity. It is most commonly used to treat sports or exercise-related injuries such as sprains, fractures, heavy exercise-based asthma, heat illness, cartilage and disc injuries, and so on. Sports medicine encompasses a wide range of treatments, such as osteopathic manipulation, rehabilitation, and injections, as well as a wide range of items, such as body reconstruction products, recovery products, body support, and accessories. These treatments aid in the provision of complete medical care to promote athletic performance and assure speedier injury recovery.
The increased consumer participation in sports and athletics is driving the sports medicine market. Furthermore, rising consumer health concerns and public knowledge about physical fitness have resulted in increased engagement in sports as an important aspect of everyday life, driving demand for diverse sports medicine products. Aside from that, several technological advances, such as the introduction of Protection, Rest, Ice, Compression, and Elevation (PRICE) therapy as an instant treatment for sports injuries, are contributing to the worldwide market’s favourable outlook.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Smith & Nephew plc’s
- Medtronic plc.
- Wright Medical Group N.V.
- Mueller Sports Medicine
- RTI Surgical Holdings
- Conmed Corporation
- Performance Health International Limited
- Bauerfeind AG
- KARL STORZ Gmbh & Co. kg
- Zimmer Biomet Holdings, etc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product:
- Body Reconstruction
- Fracture & Ligament Repair Products
- Arthroscopy Devices
- Body Support and Recovery
- Braces & Supports
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
Breakup by Application:
- Knee Injuries
- Shoulder Injuries
- Foot & Ankle Injuries
- Hip & Groin Injuries
- Elbow & Wrist Injuries
- Back & Spine Injuries
Breakup by End-User:
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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