Pune, India -- (SBWIRE) -- 06/13/2018 -- The Global Sports Rehabilitation market is projected to reach USD +8 Billion by 2026 from USD 5.78 Billion in 2017, at a CAGR of +7% during the forecast period
The report " Biggest Innovation for Global Sports Rehabilitation Market 2018: Market by Regional Outlook – Global Insights, Industry Trends, Price Trends, Growth, Size, Supply, Demand, Comparative Analysis, Competitive Market Share and Forecast 2018-2026. The key factors driving the growth of this market include increasing incidence of sports injuries, continuous influx of new products & treatment modalities, and developments in the field of regenerative medicine. However, the high cost of orthopedic implants may hinder the growth of this market to a certain extent.
Sports medicine & rehabilitation is a central part of the healthcare industry. Sport rehabilitation focuses on understanding, preventing and treating sports and exercise-related injuries and musculoskeletal conditions. This branch of medicine holds equipment, medication, and training regimen which is proposed to impart the maximum strength and portability that a patient had before entering a debilitative state. Once a patient undergoes treatment as well as surgeries for their physical inability, they need physical rehabilitation with a specific end goal to continue ordinary life and daily exercises. The sports rehabilitation market, in terms of revenue, which was valued at USD 3,849.7 Mn in 2017 and is expected to reach US$ 5,412.0 Mn by 2022.
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Sports Rehabilitation Market, By Product Type
The global sports rehabilitation market is segmented on the basis of product type which includes support and recovery products, body evaluation and monitoring products, accessories, body repair and construction products. The body monitoring & evaluation segment is expected to grow at a faster rate. This segment is leading the market due to increasing awareness regarding body performance during sports and the evaluation in determining the correct measure of treatment for various injuries occurring during sports. This segment is expected to grow at a CAGR of 7.6% throughout the forecast period.
Global Sports Rehabilitation Market, By Region, 2018-2026
North America is expected to hold the major market share over the forecast period. Advancements in the healthcare domain and growing focus of healthcare providers towards injury and trauma-related wounds is driving the market growth. The Asia Pacific is expected to be the fastest developing region over the forecast time period with around 15.0% share starting as of 2016. Increasing adoption of sports as a career and increasing awareness in regards to wounds would assist the overall market demand.
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Top Key Players for Sports Rehabilitation Market:
Arthrex (US), Smith & Nephew (UK), DePuy Synthes (US), Stryker (US), CONMED (US), Zimmer Biomet. (US), Breg (US), DJO Global (US), Mueller Sports, (US), Wright Medical Group (US), Medtronic (Ireland), RTI Surgical (US), and Performance Health International (US).
Some of the primary players of Global Sports Rehabilitation Market are Arthrex, Smith & Nephew, Depuy Synthes Companies, Stryker, Breg, DJO Global, Mueller Sports Medicine, and RTI Surgical among others.
By application, the knee injuries segment to hold the largest market share in 2017
Based on application, the market is segmented into shoulder, foot and ankle, elbow and wrist, back and spine, hip and groin, knee, and other injuries (head, face, and finger injuries). In 2017, the knee injuries segment is estimated to command the largest share of the sports medicine market. Growth in the knee injuries segment can be attributed to the increasing participation in sports like football and basketball at a younger age, resulting in high prevalence of knee injuries.
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The report provides both, subjective and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The sports rehabilitation market report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as M&A, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
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