Sports Medicine Market worth over $9bn by 2025

Sports Medicine Market size is set to surpass USD 9 billion by 2025, according to a new research study published by Global Market Insights, Inc.
 

Rising number of injuries due to increasing adoption of sports activities will act as high impacting factor for the market growth. Growing number of body reconstruction surgeries will impel the demand for sports medicine products.

 

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Growing government initiatives and policies supporting sports activities will impel the sports medicine market expansion. Several schools and institutes are adopting sports programmes to increase the participation of the youth in order to enhance physical fitness. Such initiatives that escalate adoption of sports activities, will boost the demand for body support and reconstruction products to prevent and treat sports injuries.
 

Body reconstruction products dominated the global market in 2018 and is expected to expand at over 6.4% till 2025. Body reconstruction products include implants, prosthetics, arthroscopy devices, fracture and ligament repair products and others, providing efficient treatment for physical injuries. Increasing number of physical injuries during sports activities will positively influence the segment growth. Furthermore, advancements in reconstruction products including orthobiologics will drive the body reconstruction products segment growth.
 

Browse key industry insights spread across 170 pages with 201 market data tables & 8 figures & charts from the report,Sports Medicine Market Size By Product (Body Reconstruction Products {Implants, Fracture and Ligament Repair Products, Arthroscopy Devices, Prosthetics}, Body Support and Recovery Products {Braces and Supports, Compression Clothing, Physiotherapy Equipment}), By Injury Type (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/sports-medicine-market
 

Knee injuries segment will witness robust growth of around 6.5% during the forecast period. High growth is attributed to growing prevalence of knee arthroscopy surgeries coupled with growing number of anterior cruciate ligament (ACL) injuries. Developments in knee implants, used in replacement surgeries should further stimulate the segment size.
 

Hospitals segment dominated more than 35% market share in 2018. Majority of replacement surgeries occur in hospitals owing to well-developed infrastructure and advanced devices for treatment. Furthermore, availability of skilled professionals and cost benefits will offer momentous market revenue growth.
 

Asia Pacific Sports Medicine Market

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India sports medicine market size is anticipated to grow at CAGR of 6.5% through 2025 owing to growing adoption of orthobiologics to treat sports injuries including ACL tear and others. Moreover, rising medical tourism and presence of organizations including the Asia Pacific Knee, Arthroscopy and Sports Medicine Society (APKASS), working towards promoting development and usage of sports medicine will positively impact the Indian market value.
 

Increasing sports activities and initiatives will drive the Australia market revenue. High performance technologies and treatment management will further boost the industry demand. Active participation of people in sports along with favorable sports policies will additionally lead to the market growth in the country.
 

Some of the key industry players operating in sports medicine market are Arthrex, Inc., CONMED Corporation, DePuy Synthes, Smith and Nephew and Stryker among the other players. Companies are concentrating on adoption of various strategies including new product launch, partnerships, acquisitions & mergers to expand their business position. Major industry players are focusing their efforts on emerging markets to gain significant market share as well as of competitive edge on these promising markets.   
 

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