Product Code: RP-ID-10008243 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10008243
Market Overview:
Global Sports Medicine Market Size, Growth, Opportunity and Forecast 2022-2030
"The global sports medicine market is estimated to be valued at USD ~10 billion by the end of 2021 and is projected to expand at a CAGR of ~5% during the forecast period 2022-2030. The prevalence of sports injuries and the increasing participation of people in sports and fitness activities are driving the demand for sports medicine. Additionally, the shift from sports injury prevention to prevention is expected to drive the sports medicine market during the forecast period.
Stanford Universitys School of Child Health estimates that in 2019, approximately 30 million children in the United States participated in other recreational activities. It is also reported that around 3.5 million people are injured and about 75,000 children are injured each year in India. I am in India. Age group 14 years old. This wound is being treated. The increasing use of wearable devices such as fitness belts and other sensors to reduce stress, stress and fatigue, along with children;s participation in these high-level sports, along with the rise in injuries, is related to sports medicine. Growth of the sports medicine market. For example, the Nova Scotia-based performance company Athleigen Technology, Inc.
Working with many athletes, we use the information gathered in our DNA to improve performance and health and reduce exercise-related injuries. While these cases are expected to predict the market growth over this period, increasing product recalls and lack of healthcare infrastructure in developing countries are hampering the market growth.
For example, in 2016 Zimmer Biomet recalled many medical devices such as sports medicine and trauma devices, implants, surgical screws, implants and orthopedic devices.
Additionally, medical device recalls generally increased by 126% in the first quarter of 2018. Product recalls create a negative image in the minds of the company's products and customers, which are currently rocking the healthcare market. Slow economic development led to the establishment of medical facilities. Moreover, public health spending is relatively low in these countries and acceptance of these products is declining. The lack of sports culture is also a factor in the slow growth of sports medicine in these countries.
PRODUCT TYPE OVERVIEW :
In the sports medicine market in 2020, it dominated the bodybuilding industry, accounting for 40% of the revenue share. Body reconstruction and repair services include equipment such as surgical instruments, soft tissue repair equipment, and orthopedic reconstruction equipment.
The large market share can be attributed to the increased use of devices for fracture and ligament repair and the increased use of arthropods for minimally invasive surgery. Conversely, the surrounding regions are expected to experience the fastest growth during the forecast period. This section mainly describes the products needed to treat minor sports injuries, such as bandages, wraps, bandages, disinfectants, and other products. The increasing use of PRICE therapy (Protection, Rest, Ice, Compression, Elevation) as an immediate treatment for sports injuries is one of the main reasons for this sectors growth.
PRACTICAL FACTS:
The Knee Applications division dominated the sports medicine market with the largest market share in 2020 as the number of knee injuries increased. Knee injuries are a common injury that occurs during training and other physical activities. This is because running or jumping too much can damage the knee joint. According to the British Journal of Sports Medicine, knee injuries are common and account for about 41% of all sports injuries.
Additionally, the industry is expected to witness the fastest growth rate of 8.9% per annum during the forecast period. A variety of advanced treatments are available, including dry needling, soft tissue massage, orthodontic treatment, platelet-rich plasma therapy, and arthroscopic knee surgery. The availability of a wide range of treatments and the rise in knee injuries are one of the major drivers of industry growth.
REGIONAL INFORMATION:
In 2020, North America dominated the sports medicine market with the highest revenue share. The existence of a well-developed healthcare infrastructure, coupled with high expenditure and technologically advanced medical equipment to treat various orthopedic injuries, are some of the main factors driving the development of the sports medicine market.
For example, as of 2018, Stryker Corporation has installed more than 650 Mako surgical robots worldwide and used these robots to perform more than 76,900 knee and hip replacement surgeries. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period.
As the adoption rate of sports medicine in China, Japan, and South Korea continues to increase. In addition, the product approval and supervision procedures in these countries are relatively loose, which is conducive to the easy entry of advanced products and medical devices into the market.
KEY COMPANY INFORMATION AND MARKET SHARES:
Arthrex, Inc. It holds the largest market share in the sports medicine market in 2020, followed by Smith &Nephew and Stryker. This player has developed a variety of products and is available in all major countries. We are also constantly improving our products to attract new consumers and contribute to our high market share.
Other major players include Zimmer Biomet, Wright Group NV, and DJO Global, which have pursued a variety of strategies including mergers and acquisitions, product launches, and building a strong distribution network to establish a presence in the market. For example, in October 2018, Wright N.V. The Medical Group became Cartiva, Inc. Both are working together to strengthen our foot and ankle portfolio and create better opportunities for global physical commerce. (Cartiva) has been acquired.
SECTIONS COVERED IN THIS REPORT:
The report forecasts global, regional and country-level sales growth and provides an analysis of the latest industry trends for each sub sector from 2022-2030. In this study, GDP has been broken down. Global Pharmaceutical Market Report by Product Type, Application, and Region: Product Type Forecast (Sales, Million Dollars, 2022-2030 Dressing Disinfectant Strips Forecast Other Programs (Sales, Million Dollars, 2022-2030) Spine, Feet, Wrists, Elbows and Other Hips . "
1. Arthrex
2. Smith & Nephew
3. DepuySynthes Companies
4. Stryker
5. Conmed
6. Zimmer Biomet
7. Breg
8. DJO Global
9. Mueller Sports Medicine
10. Wright Medical Group
11. Medtronic
12. RTI Surgical
13. Performance Health International Limited
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