Global Sports Medicine Market Analysis - Size, Growth, Trends, and Forecast 2023
Sports medicines are known as the branch of medicines that deals with the physical health and curing or prevention of sports relate injuries. In almost a last decade it has been noticed that people are more aware of health. Increasing health education in school and different programs on social media have led to increasing awareness about health. People have started adopting sports as the mean to maintain the health and as an extracurricular activity. Not only young but elderly people have also adopted sports. This has led to increasing the number of sports-related injuries across the globe.
Notably, the rising prevalence of sports injuries is the key factor driving the sports medicine market. According to US centers for diseases control, around 10 % of kids and teen participating in the sports suffer from a minor or major type of injury. Majority of the sports injury occur during 12-16 yr. age.
Other push factors such as an increasing number of sports medicine associations, increasing awareness, and technological development are also propelling the growth of the market. Increasing awareness is the most important part of the development of the healthcare sector. Increase in sports and health-related education amongst the people has encouraged to play different sports. Many aged people started participating in different sports. Knowledge about enhancing health, the risk of diseases and various advantages of playing sports has encouraged people to play different sports.
The global sports medicines market is expected to reach USD 9,655.6 million by 2023 at a CAGR of 8.9% during the forecast period.
On the basis of products, the market is segmented into joint reconstructive & repair products, support & recovery products, accessories & consumables, and others. The joint reconstructive & repair products segment accounted for the largest market share of 40% during the forecast period.
On the basis of application, the market is segmented into shoulder treatment, knee treatment, hip treatment, spine treatment, others. Knee treatment market is expected to grow at a CAGR of 9.3% from 2016 to 2023.
On the basis of regions, the market is segmented into the Americas, Europe, Asia-Pacific and the Middle East & Africa. Americas captured the largest market share of around 39.2% in 2016 globally. The shoulder treatment market for North America was estimated at USD 562.8 Million in 2016 and is expected to reach at USD 1,055.4 Million by 2023 at a CAGR of 8.9%.
Key Players
Medtronic, Stryker, Arthrex, Inc, Zimmer Biomet, Conmed Corporation, DePuy Synthes, GE Healthcare, and Smith & Nephew plc.
Study objectives
Target Audience
Key Findings
The reports also cover regional analysis
Healthcare Market Research Reports
Contact Details:
Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com
Sports medicines are known as the branch of medicines that deals with the physical health and curing or prevention of sports relate injuries. In almost a last decade it has been noticed that people are more aware of health. Increasing health education in school and different programs on social media have led to increasing awareness about health. People have started adopting sports as the mean to maintain the health and as an extracurricular activity. Not only young but elderly people have also adopted sports. This has led to increasing the number of sports-related injuries across the globe.
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| Global Sports Medicine Market Analysis | Size, Growth, Trends, and Forecast 2023 |
Notably, the rising prevalence of sports injuries is the key factor driving the sports medicine market. According to US centers for diseases control, around 10 % of kids and teen participating in the sports suffer from a minor or major type of injury. Majority of the sports injury occur during 12-16 yr. age.
Other push factors such as an increasing number of sports medicine associations, increasing awareness, and technological development are also propelling the growth of the market. Increasing awareness is the most important part of the development of the healthcare sector. Increase in sports and health-related education amongst the people has encouraged to play different sports. Many aged people started participating in different sports. Knowledge about enhancing health, the risk of diseases and various advantages of playing sports has encouraged people to play different sports.
The global sports medicines market is expected to reach USD 9,655.6 million by 2023 at a CAGR of 8.9% during the forecast period.
On the basis of products, the market is segmented into joint reconstructive & repair products, support & recovery products, accessories & consumables, and others. The joint reconstructive & repair products segment accounted for the largest market share of 40% during the forecast period.
On the basis of application, the market is segmented into shoulder treatment, knee treatment, hip treatment, spine treatment, others. Knee treatment market is expected to grow at a CAGR of 9.3% from 2016 to 2023.
On the basis of regions, the market is segmented into the Americas, Europe, Asia-Pacific and the Middle East & Africa. Americas captured the largest market share of around 39.2% in 2016 globally. The shoulder treatment market for North America was estimated at USD 562.8 Million in 2016 and is expected to reach at USD 1,055.4 Million by 2023 at a CAGR of 8.9%.
Key Players
Medtronic, Stryker, Arthrex, Inc, Zimmer Biomet, Conmed Corporation, DePuy Synthes, GE Healthcare, and Smith & Nephew plc.
Study objectives
- To provide a detailed analysis of the market structure along with the forecast of the various segments and sub-segments of the global sports medicines market.
- To provide insights about factors influencing and affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to countries.
- To provide historical and forecast revenue of the market segments based on product, application, procedures, end user, and regions for the global sports medicines market.
- To provide strategic profiling of Key Players in the market, and comprehensively analysing their market share, core competencies, and drawing a competitive landscape for the market.
- To provide economic factors that influences the global sports medicines market.
- To provide a detailed analysis of the value chain and supply chain of the global sports medicines market.
Target Audience
- Sports medicines manufacturers
- Sports medicines Suppliers
- Sports medicines Distributors
- Pharmaceutical companies
- Research and Development (R&D) Companies
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Key Findings
- Americas accounted for the largest market share in the global sports medicines market, USD 1,883.6 million in 2016 and expected to reach by USD 3,701.2 million by 2023 at the fastest CAGR of 8.6%
- Support & Recovery Product is the fastest growing segment with a CAGR of and 9.2% in the global sports medicines market, by product
- Ambulatory Care is growing at a CAGR of 9.3% in the global sports medicines market.
The reports also cover regional analysis
- Americas: North America, US, Canada, South America
- Europe: Germany, France, U.K., Italy, Spain, Rest of Europe
- Asia Pacific: Japan, China, India, Republic of Korea, Rest of Asia-Pacific
- Middle East & Africa: Middle East, Africa
Healthcare Market Research Reports
Contact Details:
Aarkstore Enterprise
+91 7710006788 | contact@aarkstore.com | aarkstore.com
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