The growing usage of wearable devices such as bands and smart watches helps to track tension load and prevent fatigue-induced injury in athletes has driven the development of the sports medicine industry.
Dallas, United States - November 2, 2020 /MarketersMedia/ —
The global sports medicine market is anticipated to cross USD 10.07 billion by 2025, growing at a CAGR of over 6.0%. Most common type of sports injuries are confined to ankle, acromioclavicular joint, anterior cruciate ligament, and articular cartilage. Arthritis, injuries, and "separations" are the most common conditions that arise at the AC joint. Arthritis is a disease caused by a cartilage breakdown of the joint. AC joint arthritis is normal in weight lifters, especially with the bench press, and military press (extent). AC joint arthritis can also arise when rotator cuff issues are present.
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A sprain is ligament strain injury which supports the ankle. The outer ankle ligaments are the most often damaged when the foot is twisted inwards (inverted). A "lateral" sprain of the ankle is a strain injury to the ligaments in the outer / lower ankle region. It most often happens as the foot is bent backwards in an inversion fracture.
Demands for Preventive Healthcare Measures to Boost Growth in Sports Medicine Market
Dedicated medical and healthcare sustenance practices designed specifically to comply with specific health conditions of sportsmen is being widely used to offer ample preventive healthcare solutions.
Rising incidences of sports injuries, growing investments in sports and large-scale deployment of advanced technological solutions are constantly shaping optimistic growth scope in sports medicine market.
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These market highlights are in sync with Adroit Market Research's recently collated research report presentation pinned in its burgeoning online data archive. Sports injuries are commonplace instances that are most prevalent in certain specific sports types such as football and majorly affects beginners who often fall prey to casual approaches during practice sessions or violation of safety protocols.
Manufacturers in sports medicine space are akin about deploying aggressive investments towards product differentiation to support massive spurt in end-user needs.
Additionally, growing number of sports events further support expansion in sport medicine space, conclude various research reports.
However, manufacturers are also eying tremendous penetration and consumer enticement and hence are working towards re-aligning their pricing models to meet consumer preferences. Further, Geographical expansion also remains core in maintaining lucrative growth curve in the foreseeable future as current market forces emphasize.
Besides escalated rates of sports injury occurrences, sports medicine is also gaining user traction amongst sports enthusiasts eying fitness and agility, Rise in sports events, and government backing preventive medication in sports as well as adoption of minimally invasive therapeutic procedures are anticipated to further initiate growth prospects in sports medicine market.
Sports as a fitness activity is also witnessing massive inclusion, aptly supported by patient pools of chronic ailments such as obesity. These conditions are widely prevalent across juvenile population which is further encouraging sports participation immensely, also reflecting growth opportunities in sports medicine space in the coming years.
In terms of regional markets, Asia Pacific is likely to emerge as the most favorable regional market by 2025. Increasing awareness regarding available product coupled with emergence of medical robots in developing countries is anticipated to drive the demand for medical procedures for treating injuries within the region.
Key vendors in the market include Zimmer Biomet, DJO Global, Wright Group N.V., and many more. Key vendors are concentrating on mergers and acquisition as their strategy to maintain and improve their market position. For instance, Wright Medical Group N.V. acquired Cartiva in October. This acquisition helped the company to strengthen its foot and ankle product portfolio.
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Key segments of the global sports medicine market
Type Overview, 2015-2025 (USD Million)
• Body Reconstruction & Repair
• Surgical Equipment
• Soft Tissue Repair
• Bone Reconstruction Devices
• Body Support & Recovery
• Braces and Other Support Devices
• Compression Clothing
• Hot & Cold Therapy
• Body Monitoring & Evaluation
• Cardiac
• Respiratory
• Hemodynamic
• Musculoskeletal
• Others
• Accessories
• Bandages
• Tapes
• Disinfectants
• Wraps
• Other
Application Overview, 2015-2025 (USD Million)
• Knees
• Shoulders
• Ankle & Foot
• Back & Spine
• Elbow & Wrist
• Hips
• Others
Regional Overview, 2015-2025 (USD Million)
• North America
• US
• Canada
• Europe
• Germany
• United Kingdom
• France
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
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