Sports Medicine Market Report Analysis 2027 by Emergen Research

The global Sports Medicine Market is expected to reach USD 8.05 Billion by 2027, according to a new report by Emergen Research. Sports medicine is generally taken to prevent injuries and also for the cure, recovery, and restoration of injuries in athletes during sports/games. Products are used for athletes to improve the condition during injuries and to prevent future progress of injuries.

The leading players in the market include Arthrex, Inc., Smith & Nephew plc, Stryker Corporation, Breg Inc., DJO Global, Inc., Mueller Sports, Inc., Wright Medical Group N.V., Medtronic, RTI Surgical, Performance Health International Limited, KARL STORZ, and Bauerfeind AG, among others.

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The rise in the prevalence of sports injuries is a major factor in driving the market growth. The injuries include various kinds of strains and sprains. It also includes spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. Sports medicine has undergone satisfactory growth from among other healthcare fields, as these treatments can be provided for other individuals as well and not just for athletes. The extended rise in the demand for sports medicine is due to an increase in sports injuries. With an increase in awareness among individuals for physical fitness, the government is also actively taking initiatives for sports medicine to increase the participation of athletes around the globe.

However, due to the declined rate of skilled professionals in and inappropriate knowledge and guidelines about sports medicine are a restraint to the market growth. Also, the occurrence of chronic diseases worldwide has further associated with adopting a healthy lifestyle. Rising awareness about these diseases has inspired people to participate in various physical activities. Growing career opportunities for sports is also responsible for the rise in the number of athletes, resulting in quick demand in sports injury management services.

Product Outlook (Revenue, USD Billion; 2017-2027)

1. Body Reconstruction Products
2. Fracture and Ligament Repair Products
3. Assays Arthroscopy Devices
4. Implants
5. Prosthetic Devices
6. Orthobiologics

Application Outlook (Revenue, USD Billion; 2017-2027)

1. Knee Injuries
2. Shoulder Injuries
3. Foot and Ankle Injuries
4. Elbow and Wrist Injuries
5. Back and Spine Injuries
6. Hip and Groin Injuries
7. Others

Body Monitoring and Evaluation Devices Outlook (Revenue, USD Billion; 2017-2027)

1. Cardiac monitoring and evaluation devices
2. Beverages Respiratory monitoring and evaluation devices
3. Hemodynamic monitoring and evaluation devices
4. Musculoskeletal monitoring and evaluation devices
5. Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

1. Hospital
2. Physiotherapy clinics
3. Rehabilitation centers

North America is projected to command the market expansion over the projected timeline attributable to the soaring implementation of Ground-based Monitoring Systems and Sensing and Imagery Systems to enhance the productivity of the agricultural sector. The augmented adoption of smart and precision farming, coupled with the presence of significant market players, is contributing to the progress of the market in the region. The Asia Pacific region is forseen to be the fastest-growing market due to rising initiatives for water conservation in the region. 

To identify the key trends in the industry and read full summary click on the link: https://www.emergenresearch.com/industry-report/sports-medicine-market

Key Highlights from the Report

1. In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.
2. The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
3. Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the Sports Medicine market.
4. The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, is expected to increase the adoption of smart agricultural practices.
5. The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.