Exploring the Thriving Sports Medicine Market Set to Reach $12.86 Billion by 2030, , Unveils Allied Market Research

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Market Overview:

In 2020, the sports medicine market exhibited a valuation of $8.52 billion, with projections soaring to $12.86 billion by 2030. The compounded annual growth rate (CAGR) from 2021 to 2030 stands at an impressive 5.1%. This robust market expansion is attributed to the convergence of medical expertise and physical activity, encapsulating a spectrum from performance enhancement to injury care and prevention.

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Holistic Approach to Physical Well-being:

Sports medicine integrates diverse medical practices encompassing conditioning, injury prevention, rehabilitation, and osteopathy. Healthcare professionals specializing in sports medicine undertake proactive measures, including performance optimization and preventive care. The scope extends beyond injuries to cover areas like body evaluation, monitoring, reconstruction, and recovery, addressing specific concerns such as hip, ankle, knee, back, and shoulder injuries.

Market Drivers and Trends:

The demand surge for sports medicine is underpinned by a rising incidence of sports injuries and a parallel increase in global participation in fitness and sports. A notable shift towards preventive care for sports injuries is propelling market growth. While the market faces challenges like product cost, untapped markets and evolving regulatory landscapes present opportunities for expansion.

Innovations Shaping the Future:

The sports medicine landscape is witnessing innovation, with companies like DePuy Synthes unveiling robotic and personalized products in orthopedics. A renewed partnership between DJO Global and the Professional Football Athletic Trainers Society (PFATS) underscores a commitment to injury prevention through advanced bracing products.

Catalysts for Growth:

The sports medicine market’s upward trajectory is powered by increasing incidents of sports injuries, continuous product and treatment innovations, and the expanding healthcare expenditure. The adoption of extreme sports, growing awareness about fitness, and advancements in sports medicine further fuel this growth.

Crisis and Resilience: Impact of COVID-19:

The global pandemic disrupted the sports medicine market, leading to a temporary decline due to lockdowns and restrictions on sports activities. However, a resilient rebound occurred in 2021, with the easing of restrictions and a resurgence in sports events globally.

Segmentation Insights:

The sports medicine industry is segmented by product (reconstruction & repair, support & recovery, monitoring & evaluation), application (knee, shoulder, ankle, elbow, hip, back, and others), and region (North America, Asia-Pacific, Europe, LAMEA).

Leaders in the Field:

Major players driving market dynamics include Arthrex Inc., CONMED Corporation, DJO Global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V, Smith & Nephew Plc., Stryker Corporation, Wright Medical Group, and Zimmer Biomet Holdings Inc.

Key Stakeholder Benefits:

  • Comprehensive analysis and future estimations for informed investment decisions.
  • Market insights spanning 2020 to 2030, aiding stakeholders in capitalizing on emerging opportunities.
  • Region-specific analyses offering a nuanced understanding of prevailing market dynamics.
  • Thorough examination of key players’ profiles and growth strategies for a competitive outlook.

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Comprehensive quantitative and qualitative insights at segment and sub-segment level

Covid 19 impact trends and perspective

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Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment

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Exhaustive coverage on โ€˜Strategic Developmentsโ€™ registered by leading players of the market

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Unraveling the Ascendance of the Global Sports Medicine Market – A $12.9 Billion Journey from 2020 to 2030

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Introduction:

The global sports medicine market, valued at $8520 million in 2020, is poised for remarkable expansion, projecting a CAGR of 5.1% to reach $12862 million by 2030. This robust growth is fueled by innovations in products and treatment modalities, increased healthcare expenditure, and a surge in awareness about fitness and sports activities.

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Market Overview: Sports medicine encompasses a broad range of medical practices dedicated to physical fitness, injury treatment, and prevention in the realm of sports and exercise. From performance enhancement to injury care and prevention, it addresses key areas such as hip, knee, shoulder, back, and spine injuries. The sector includes a multidisciplinary team of professionals, including orthopedic surgeons, physicians, physiotherapists, trainers, massage therapists, podiatrists, and scientists.

Driving Factors: The market’s upward trajectory is driven by a rise in sports-related injuries, continuous product and treatment innovation, and an uptick in global healthcare spending. The adoption of extreme sports, increased awareness about fitness, and advancements in sports medicine further contribute to market growth.

Recent Developments: Key players such as DePuy Synthes and DJO Global are at the forefront of industry advancements, introducing robotic and personalized products to set new standards in orthopedics. Partnerships with professional societies, like PFATS, demonstrate a commitment to injury prevention and drive awareness about the benefits of early-age bracing.

Challenges and Opportunities: Despite challenges such as product recalls and limited healthcare infrastructure in some regions, untapped markets and evolving regulatory scenarios present new opportunities for the sports medicine market.

Impact of COVID-19: The COVID-19 pandemic initially caused a decline in demand for sports medicine due to lockdowns and disruptions in supply chains. However, the market has rebounded in 2021 with increased demand and the resumption of sports activities worldwide.

Market Segmentation: The sports medicine industry is segmented based on products (reconstruction and repair, support and recovery, monitoring and evaluation), applications (knee, shoulder, ankle, foot, elbow, wrist, hip, groin, back, spine, and others), and regions (North America, Asia-Pacific, Europe, and LAMEA).

Segment Insights: Body reconstruction and repair products, including implants and arthroscopy devices, dominate the market, driven by their role in restoring bodily functions. Knee injuries constitute the largest market share, reflecting the prevalence of sports-related knee injuries.

Key Players: Major players in the sports medicine market include Arthrex Inc., CONMED Corporation, DJO Global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V., Smith & Nephew Plc., Stryker Corporation, Wright Medical Group, and Zimmer Biomet Holdings Inc.

Benefits for Stakeholders:

This study provides stakeholders with a thorough analysis of market size, current trends, and future estimations, enabling strategic investment decisions. Regional analyses help identify prevailing opportunities, while insights into key players’ profiles and growth strategies offer a comprehensive view of the global sports medicine market landscape.

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Sports Medicine Market to Grasp Outstanding Growth of USD 9.12 Billion by 2030, Size, Share, Trends, Opportunities, Key Drivers and Growth Prospectus

New York โ€“ United States

Sports Medicine Market report assists in identifying new market opportunities for existing and new products. It provides information on market share, nature of competition, customer satisfaction levels, sales performances and channel of distribution. All these elements help the firm in solving problems. When it comes to predicting consumer needs or conducting market segmentation in such wide markets, market research report does a great job. The marketing intelligence provided through the report not only helps in framing but also in implementing the market strategies.

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.

Get a PDF Sample of the Sports Medicine Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-sports-medicine-market&Shri ย 

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.ย  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 influx of athletes is expected to drive the market’s growth rate

In various professional sports, there is a growing influx of athletes. Various young people are looking forward to creating their interest in building their career in any type of sports. The increasing influx of athletes has increased their performance in their sports activity. Thus, the growing influx of athletes has aided to increase the demand for the sports medicine. Also, increased sports benefits and facilities are encouraging more people to develop their career as a sports professional. As athletes are increasing all over the globe, the demand of sports medicine also raised rapidly to treat the injury of athletes. As a result, the demand for the sports medicine increases and eventually drives the market’s growth.

Market Development

  • In 2021, DJO announced its acquisition with Mathys AG Bettlach, which is anorthopedic implants developer in Switzerland. This acquisition helps the company in delivering and developing next-generation orthopedic innovations.
  • In 2020, Anika Therapeutics Inc. Received the U.S. Food and Drug Administration (USFDA) clearance for their six innovative products that address the requirements of sports medicine and orthopedic surgeons. These products are planned to be commercialized in the upcoming period.
  • In 2020, Smith & Nephew introduced “Intellio” in the market. Intellio is a platform that manages and connects sports medicine systems. This app assists in remotely controlling and wirelessly connecting arthroscopy surgical towers.

Some of the major players operating in the sports medicine market are:

  • Arthrex, Inc (U.S.)
  • Smith+Nephew (U.K.)
  • Stryker (U.S.)
  • Breg Inc. (U.S.)
  • DJO LLC (U.S.)
  • Mueller Sports Medicine, Inc (U.S.)
  • Wright Medical Group N.V. (U.S.)
  • Medtronic (Ireland)
  • RTI Surgical (U.S.)
  • Performance Health (U.S.)
  • KARL STORZ (Germany)
  • Bauerfeind (Germany)
  • ร–ssur (Iceland)
  • MedShape (U.S.)
  • Cramer Products (U.S.)
  • Agilent Technologies, Inc (U.S.)
  • RรดG Sports Medicine (U.S.)

Browse a Detailed Summary of Sports Medicine Market Research Report @ https://www.databridgemarketresearch.com/reports/global-sports-medicine-market?Shri ย ย ย 

Global Sports Medicine Market Scope

Product

  • Body Reconstruction
  • Fracture and Ligament Repair Products
  • Arthroscopy Devices
  • Implants
  • Orthobiologics
  • Prosthetics
  • Body Support and Recovery
  • Braces and Supports
  • Physiotherapy
  • Thermal Therapy
  • Ultrasound Therapy
  • Laser Therapy
  • Electrostimulation Therapy
  • Body Monitoring and Evaluation
  • Cardiac Monitoring
  • Respiratory Monitoring
  • Hemodynamic Monitoring
  • Musculoskeletal Monitoring
  • Compression Clothing
  • Accessories
  • Bandages
  • Disinfectants
  • Tapes
  • Others

Application

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

End-User

  • Hospitals
  • Orthopedic Specialty Clinics
  • Fitness and Training Centers
  • Ambulatory Surgical Centers (ASCs)
  • Others

Regional Analysis

Geographically, 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.

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