Sports Medicine Market to Perceive Prominent Growth of 9.12 Billion by 2030, Size, Share, Trends, Demand, Growth and Competitive Analysis
Data Bridge Market Research
14 min read
Data Bridge Market Research
Data Bridge Market Research analyses that the sports medicine market, which was USD 5.34 billion in 2022, would rocket up to USD 9.12 billion by 2030 and is expected to undergo a CAGR of 6.90% during the forecast period 2023 to 2030
LONDON, April 05, 2023 (GLOBE NEWSWIRE) -- The latest study report by Data Bridge Market Research titled "Sports Medicine Market" covers major regions such as USA, Europe, China, Japan, India, South East Asia, and others. The report presents an in-depth analysis of the market's opportunities and risks, and equips decision-makers with strategic and tactical support. A proficient team works meticulously with their potential capabilities to generate the premium Sports Medicine market research report. To put marketplace clearly into the focus, most up to date market insights and analysis has been offered via this report. This report broadly comprises of absolute and distinct analysis of the market drivers and restraints, major market players involved in this industry, exhaustive analysis of the market segmentation, and competitive analysis of the key players. Data collection modules with large sample sizes have been used in the first class Sports Medicine report to pull together data and perform base year analysis.
The market research data included in Sports Medicine market document is analysed and evaluated using market statistical and coherent models. It is a fully informative and proficient report that focuses on primary and secondary market drivers, market share, leading segments and geographical analysis. Integrated approaches and most up-to-date technology used for generating this report make it matchless. The key research methodology used throughout this report by DBMR research team is data triangulation, which entails data mining, analysis of the impact of data variables on the market, and primary validation. A first-rate Sports Medicine market report also gives insights about market share analysis and key trend analysis.
Data Bridge Market Research analyses that the sports medicine market, which was USD 5.34 billion in 2022, would rocket up to USD 9.12 billion by 2030 and is expected to undergo a CAGR of 6.90% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Sports medicine primarily focuses on preventing and treating sports-related injuries and diseases. Sports injuries improve the sportsperson's performance, offer injury care and enable preventative measures such as rehabilitation and osteopathy. It includes implants, fracture and ligament repair products, prosthetics, body support and recovery products such as compression clothing, braces and supports, physiotherapy equipment, thermal therapy, electrostimulation, and accessories.
An increasing number of young people participating in sports-related activities increases the probability of sports injuries. Also, with the growing awareness of health issues, athletics has gained acceptance as a feasible means of maintaining physical fitness and combating lifestyle disorders. Consequently, sports-related injuries and muscle rips have increased, demanding more treatment procedures and therapeutic products.
Fundamental Aim of Sports Medicine Market Report
In the Sports Medicine market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
Major alterations to the Sports Medicine Market in the near future.
Notable Market rivals around the world.
The Sports Medicine Market's Future Scope and Product Outlook
Future-promising emerging markets.
The Market Presents Difficult Challenges and Threats.
Sales data and profiles of the world's leading Sports Medicine players
Recent Development
In 2022, DJO Global announced the renewal of its partnership with the Professional Football Athletic Trainers Society (PFATS). The Professional Football Athletic Trainers Society (PFATS) is a professional football athletic trainers organization. PFATS will recommend and approve specific DJO products as part of its collaboration with DJO.
In 2020, Anika Therapeutics Inc. received the U.S. Food and Drug Administration clearance for six innovative products that meet the needs of orthopedic and sports medicine surgeons. The products are planned to be commercialized in the future.
Some of the major players operating in the sports medicine market are:
How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units)
Exclusive insight into the key trends affecting this industry, although key threats, opportunities and disruptive technologies that could shape the Global Market supply and demand
The report tracks the leading market players that will shape and impact this Market most
The data analysis present in this report is based on the combination of both primary and secondary resources
The report helps you to understand the real effects of key market drivers or retainers on this business
Opportunities:
Increasing Product Launches by Market Players
The launches of several novel products associated with sports medicine are anticipated to boost the market's growth over the forecast period. For instance, Smith and Nephew launched its new product called ''HEALICOIL KNOTLESS Suture Anchor'' in 2020. This product, along with REGENESORB Material, supports in-bone formation and healing. Therefore, the growing number of product approvals is also anticipated to increase market growth.
Rising Incidence of Knee Injuries
Knee injuries are very prevalent and reported during sports or other physical activities. This is due to excessive running and jumping, which further leads to wear and tear of the knee joint. According to the British Journal of Sports Medicine, knee injury accounts for about 41% of total sports injuries. Thus, the increasing rate of knee injuries leads to the higher adoption of sports medicine, boosting market growth.
Key Growth Drivers:
Growing Incidence of sports-related Injuries
Sports injuries are very prevalent worldwide. For instance, the Guangzhou Summer Asian Games in 2010 stated 725 injuries among 430 athletes. There were around 288 new injuries in 209 athletes, with an occurrence rate of 45.5 injuries per 1,000 athletes exposed. Soccer is the most popular sport in Australia, and more than 3,000 athletes from more than 13,000 clubs were admitted to hospitals between 2011 and 2012. Thus, this increasing incidence is increasing the demand for sports medicine rapidly. Therefore this factor boosts the market growth.
Increasing Demand for Wearable Devices
The growing use of wearable devices such as fitness bands and other sensors helps monitor stress load and prevent fatigue-induced injuries in athletes, which has supported the growth of the market for sports medicine. For instance, Athletigen Technology, Inc., a performance-based company in Nova Scotia, works with numerous sportsmen to utilize the collected information on their DNA to enhance their performance and health and decrease the prevalence of sports-related injuries. Such instances are expected to boost market growth over the forecast period.
Sports Medicine Market Regional Analysis/Insights
The sports medicine market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above
The countries covered in the sports medicine market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America is expected to dominate the sports medicine market because of the huge base of healthcare facilities, the existence of major players in the market, a growing government initiative to surge the athletes for playing any of the sport, increased cases of sports injuries among the athletes and increasing number of research activities in this region
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the rise in government initiatives to raise awareness, the large population base, the increasing influx of new products and treatment modalities because of active government participation in influencing sports activities and the growing demand for quality healthcare in the region
North America Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2030 https://www.databridgemarketresearch.com/reports/north-america-sports-medicine-market
Europe Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End-User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others)– Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/europe-sports-medicine-market
Asia-Pacific Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2030 https://www.databridgemarketresearch.com/reports/asia-pacific-sports-medicine-market
India Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries and Other Injuries), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others)-Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/india-sports-medicine-market
U.S. Sports Medicine Market, By Product (Body Reconstruction Products, Body Support and Recovery Products, Accessories), Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries, Other Injuries), End User (Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres and Clinics) – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/u-s-sports-medicine-market
Middle East and Africa Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/middle-east-and-africa-sports-medicine-market
Precision Medicine Market, By Application (Diagnostics, Therapeutics, Others), Technologies (Pharmacogenomics, Point-of-Care Testing, Stem Cell Therapy, Pharmacoproteomics, Others), Indication (Oncology, Central Nervous System (CNS) Disorders, Immunology Disorders, Respiratory Disorders, Others), Drugs (Alectinib, Osimertinib, Mepolizumab, Aripiprazole Lauroxil, Others), Route of Administration (Oral, Injectable), End Users (Hospitals, Homecare, Specialty Clinics, Others) https://www.databridgemarketresearch.com/reports/global-precision-medicine-market
Nanomedicine Market, By Product Type (Nano Molecules, Nanoparticles, Liposomes, Polymer And Polymer Drug Conjugates, Hydrogel Nanoparticles, Dendrimers, Nanoshells, Nanotubes And Nanodevices), Application (Vaccines, Regenerative Medicines, Diagnostic Imaging, Drug Delivery, Implants, In-Vitro Imaging, In-Vitro Diagnostics, Therapeutics And Others), Indication (Oncological Diseases, Infectious Diseases, Cardiovascular Diseases, Orthopedic Disorders, Neurological Disorders, Urological Disorders, Ophthalmological Diseases, Immunological Diseases, Anti-Inflammatory Diseases, Anti-Infective Diseases And Others) Modality (Treatments And Diagnostics), And Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest Of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest Of Asia-Pacific, Brazil, Argentina, Rest Of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest Of Middle East And Africa) https://www.databridgemarketresearch.com/reports/global-nanomedicine-market
Electroceuticals/Bioelectric Medicine Market, By Product (Implantable Cardioverter Defibrillators, Cardiac Pacemakers, Spinal Cord Stimulators, Cochlear Implants, Deep Brain Stimulators, Transcutaneous Electrical Nerve Stimulators, Vagus Nerve Stimulators, Sacral Nerve Stimulators, Retinal Implants), Type of Device (Implantable Electroceutical, Non-Invasive Electroceutical), End User (Hospitals, Clinics, Research Institutes, Individual Users), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-electroceuticalsbioelectric-medicine-market
Regenerative Medicine Market, By Technology (Stem Cell Therapy, Biomaterial, Tissue Engineering, Others), Application (Bone Graft Substitutes, Osteoarticular Diseases, Dermatology, Cardiovascular, Others), End-Users (Hospitals, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-regenerative-medicine-market
Video Telemedicine Market By Communication Technology (3G, 4G, Satellite Communication, ADSL and Broadband ISDN), Application (Cardiology, Dermatology, Neurology and Psychiatry, Orthopaedics, Oncology, Radiology, Pathology, Gynaecology and Dentistry), Deployment (Cloud- Based Video Conferencing and On- Premise Video Conferencing), Component (Hardware and Software), End Users (Hospitals, Clinics, Home Care Services and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) https://www.databridgemarketresearch.com/reports/global-video-telemedicine-market
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