Global Sports Medicine Market valued at $7 billion in 2022, is set to grow at a 6% CAGR by 2027

by Avez S. Consultant

Sports medicine is an global term which represents a wide array of specialties which bridges the academic disciplines of medicine and physical education as well as the basic science.

Decline in the Demand for Sports Medicine Points to An Upcoming Recession

The recession's severe impact on all the youngster's physical activities highlights the requirement for policymakers to consider the impact of major economic downturns on the physical activities of youngsters. Due to the looming recession, most of the medical patients are poised to delay their minimally invasive surgical procedures including sports. The global companies will likely witness a minor drop in their sales as hospitals might limit their spending's amongst an economic slowdown and an upcoming recession risk.

Huge Potential of Sports Medicine in the Treatment of Sports Injuries Boosts the Growth of the Sports Medicine Market

Sporting injuries are inescapable for any individual who regularly engages in physical activities and outdoor sports. Rapid developments in regenerative medicine in the sporting segment mainly focuses on cartilage, tendon, ligament, meniscal, and skeletal muscle injuries. The future contains a trend towards prevention through genetics, nutrigenomics, and many monitors and wearables in sports medicine which is further forecasted to drive the growth of the global sports medicine market in the forecasted period.

An Increasing Focus on Developing New & Advanced Sports Medicine Products

There have been many developments and advancements in the product category of sports medicine such as rotator cuff repair, high altitude simulation training, anti-gravity treadmill, exoskeletons, virtual and augmented reality and hip/knee arthroscopy which are revolutionizing the entire segment of sports medicine market. 

Rising Cases of Sports Injuries Triggers the Growth of the Sports Medicine Market 

Presently, more than 3.5 million children under the age group of 14 receive their medical treatments for sports injuries each year. Young athletes and sportsmen especially those younger than the age group of 8 years are more susceptible to sports injuries than adults. Injuries to one's face or head are more common and account for nearly 27% of high-school sports injuries. Sports injuries in children must be treated quickly by using efficient techniques and treatments so that children can get back to their day-to-day activities quickly and avoid developing any long-term injuries.

Rising Market Challenges: Sports Medicine Market

The rapidly inflated costs of sports medicine and other medical devices, global lack of skilled & experienced professionals and a worldwide lack of raw materials & components are some of the primary factors likely to affect the growth of the sports medicine market in the coming years.

North America is Poised to Hold a Higher Share in the Sports Medicine Market

From a geographical outlook, North America is forecasted to hold a higher market share in the global sports medicine market. This can be mainly attributed to an increasing cases of sports injuries and muscle tears, rising application of absorbable implants and an improved sports healthcare infrastructures.

Competitive Landscape Analysis: Global Sports Medicine Market

Some of the well-established companies operating in the global sports medicine market are listed below as follows: -

• Arthrex Inc.
• DePuy Synthes 
• Stryker Corporation 
• CONMED Corporation

GET Detailed Insights on Sports Medicine Market Report with TOC @ https://meditechinsights.com/sports-medicine-market/ 

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Created on Mar 15th 2023 06:56. Viewed 132 times.

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