Sports medicine market share from knee injuries segment is anticipated to surge substantially due to the rising occurrences of knee arthroscopy surgeries. The prevalence of anterior cruciate ligament (ACL) injuries have also been estimated to witness growth which may in turn amplify sports medicine industry trends. Knee implants have been observing advancements these days and delivering growth to their deployment in replacement surgeries which will intensify knee injuries segment share. Sports medicine industry forecast report has projected that knee injuries segment is going to contribute considerably to the market share with a CAGR of 6.5% over 2019-2025.
Significant rise in the cases of chronic and acute sports injuries related to lower and upper arm among athletes has instigated the demand for sports medicine products considerably. Rising number of body reconstruction surgeries is contributing to the product adoption further. This is estimated to augment the growth of elbow and wrist injury segment across sports medicine industry over the foreseeable future. According to the report, the segment had secured an appreciable market share of more than 10% in 2018.
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Governments across the world have been toiling to increase participation of the masses in sport activities by coming up with a number of policies and initiatives. With the aim to better the physical fitness of younger demographic, a number of schools and institutes have been organizing sports activities and encouraging youth participation. Sports events and activities are being put on priority by governments, schools, and other educational institutions. The support of governments will enhance the necessity of body support and reconstruction products which help to avoid and heal sports injuries. Augmenting requirement of these products is likely to intensify sports medicine market outlook by 2025.
Hospitals have well-developed infrastructure and advanced devices which makes them apt to carry out replacement surgeries in the institution. Hospitals have easy accessibility to skilled professionals and cost benefits. Such advantages which can be leveraged at hospitals for surgeries with the least number of difficulties, will support sports medicine market outlook from hospitals over the times to come.
Body support and recovery products are in high demand in sports field which is providing lucrative growth prospects for the overall sports medicine industry. As per the report estimates, body support and recovery products segment is expected to register a substantial CAGR of 6% through 2025. Speaking of increasing product demand, body support products like compression clothing and braces are being increasingly adopted owing to their higher effectiveness and lower cost associated with them. Speaking of the recovery products, they are experiencing high demand among athletes as they help in faster tissue repair, reducing fatigue and enhancing performance.
Prominent business players operating in the global sports medicine market such as Mueller Sports Medicine, DePuy Synthes, CONMED Corporation, Smith & Nephew, Stryker, etc. are focusing on effective business strategies such as collaborations, merger and acquisitions to strengthen their foothold in the market. Citing an instance, in 2021, Mueller Sports Medicine announced the acquisition of global rights for the RecoveryTub inflatable ice tubs range from RP-X/UK Sports Products Ltd. According to the company, this product is available as a portable solution for all athletes for cold water baths in the U.S. and other international markets.
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Partial Chapter of the Table of Content
Chapter 4. Sports Medicine Market, By Product
4.1. Key segment trends
4.2. Body reconstruction products
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
188.8.131.52. Market size, by region, 2014 – 2025 (USD Million)
4.2.3. Fracture and ligament repair products
184.108.40.206. Market size, by region, 2014 – 2025 (USD Million)
4.2.4. Arthroscopy devices
220.127.116.11. Market size, by region, 2014 – 2025 (USD Million)
18.104.22.168. Market size, by region, 2014 – 2025 (USD Million)
22.214.171.124. Market size, by region, 2014 – 2025 (USD Million)
4.3. Body support and recovery products
4.3.1. Sports Medicine Market size, by region, 2014 – 2025 (USD Million)
4.3.2. Braces and supports
126.96.36.199. Market size, by region, 2014 – 2025 (USD Million)
4.3.3. Compression clothing
188.8.131.52. Market size, by region, 2014 – 2025 (USD Million)
4.3.4. Physiotherapy equipment
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