Sports Medicine Market Size to Reach USD 10.12 Billion by 2026; Industry Compound Annual Growth Rate of 6.4% : Arthrex, Smith & Nephew Plc, Stryker Corporation

New York, NY -- (SBWire) -- 02/03/2021 --The demand for sports medicine is increasing owing to the rising prevalence of sports injuries and the rising participation of people in sports and fitness-related activities.

Market Drivers:

The increasing use of wearable devices like fitness bands and other sensors help in avoiding fatigue-induced injuries in athletes and monitoring stress load, thereby boosting the growth of the market for sports medicine. The growing prevalence of ligament tears and fractures is high among people participating in sports. With growing participation in sports (among children and adults) and extensive growth in the incidence of sports injuries, the demand for injury management and rehabilitation is estimated to increase around the world. This is considered a positive factor driving the growth of the sports medicine market.

Companies considered and profiled in this market study

Arthrex, Inc (US), Smith & Nephew plc (UK), Stryker Corporation (US), Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US).

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For the purpose of this report, Reports and Data has segmented the Sports medicine market on the basis of products, technologies, applications, end-use, and region:

Products Outlook (Revenue in Million USD; 2016–2026)

Body Reconstruction Products

Fracture and Ligament Repair Products
Arthroscopy Devices
Implants
Prosthetic Devices
Orthobiologics
Body Support and Recovery Products

Braces and Supports
Compression Clothing
Physiotherapy Equipment
Thermal Therapy
Electrostimulation
Other Therapies
Ultrasound Therapy
Laser Therapy

Accessories

Tapes
Disinfectants
Wraps

Others
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Applications Outlook (Revenue in Million USD; 2016–2026)

Knee Injuries
Shoulder Injuries
Foot and Ankle Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Other Injuries

Body Monitoring and Evaluation Devices Outlook (Revenue in Million USD; 2016–2026)

Cardiac monitoring and evaluation devices
Respiratory monitoring and evaluation devices
Hemodynamic monitoring and evaluation devices
Musculoskeletal monitoring and evaluation devices
Others

End use outlook (Revenue in Million USD; 2016–2026)

Hospitals
Physiotherapy clinics
Rehab centers

Regional Landscape:

In 2020, North America emerged as the dominator of the market for sports medicine, accounting for the highest revenue share. The presence of well-developed healthcare infrastructure along with high expenditure capability and availability of technologically advanced medical devices to treat several orthopaedic injuries are some of the key factors boosting the market for sports medicine. The sports medicine market in the Asia Pacific is expected to exhibit robust growth during the forecast period owing to the adoption rate of sports medicine in developing countries like Japan, China, and South Korea is rising gradually. Additionally, the regulatory process for product approvals is comparatively less strict in these countries, which has benefitted the easy entry of advanced products and medical devices in this market, thereby boosting the sports medicine market in this region.

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Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2016 – 2026

Chapter 3. Indicative Metrics

3.1. Macro-Economic Indicators

Chapter 4. Global Sports Medicine Segmentation & Impact Analysis

4.1. Global Sports Medicine Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis

4.3.1. Market Drivers Analysis

4.3.1.1. Government Initiatives for Sports
4.3.1.2. Increase in the injury

Chapter 5. Global Sports Medicine Market by Products Insights & Trends

5.1. Products & Service Dynamics & Market Share, 2019 & 2026
5.2. Body Reconstruction Products

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Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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