Sports Medicine Market Size
The global sports medicine market was worth about $5.5 billion in 2020. Experts think it will grow to around $7.2 billion by 2025. That's a growth rate of 5.7% per year from 2020 to 2025.
Growth in the sports medicine market is mainly driven by factors such as the continuous influx of new products &s treatment modalities, the increasing incidence of sports injuries, developments in the field of regenerative medicine and rising demand for minimally invasive surgeries.
DOWNLOAD PDF BROCHURE-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751
The sports medicine market is poised for robust growth in the coming years driven by increasing sports participation and rising incidence of sports injuries. The body reconstruction products segment, including fracture and ligament repair products, arthroscopy devices, implants, prosthetics, and orthobiologics, held the largest share of the sports medicine market in 2019. This segment is expected to continue dominating the market through 2025, propelled by technological innovations in arthroscopic surgery and a surge in sports-related injuries.
Within body reconstruction products, the hip and groin injuries segment is projected to register the highest CAGR during the forecast period. Growth will be fueled by greater involvement of high school and college athletes in competitive sports which increases their risk for hip and groin strains, dislocations and fractures. Knee injuries including anterior cruciate ligament (ACL) and meniscus tears have traditionally commanded the greatest share of sports medicine procedures. However, advancements in diagnostic imaging and arthroscopic hip surgery combined with rising hip injury rates will drive more rapid gains in the hip and groin segment.
Hospitals accounted for the largest share of the sports medicine market in 2019 based on end-user segment. The high volume of complex sports medicine surgeries performed in hospital settings and demand for advanced diagnostic imaging explain hospitals' leading market share. However, ambulatory surgery centers are emerging as a preferred care site for relatively simpler orthopedic procedures. Their lower costs and convenience for patients requiring same-day joint arthroscopy or fracture repair support the strong growth forecast for this end-user segment.
Overall market growth will also be boosted by the expanding target patient pool as sports participation rises among middle aged and elderly adults. Seniors are staying active longer in recreational sports and account for a growing percentage of injuries such as rotator cuff tears, Achilles tendon ruptures and patella dislocations. Their need for minimally invasive surgeries and physical rehabilitation ensures a wide base of demand for sports medicine products and services.
DOWNLOAD PDF BROCHURE-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines — TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies — helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.