Sports Medicine Market Size to grow by USD 2968.8 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Sports Medicine Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The Sports Medicine market falls under the broader Pharmaceuticals sector, encompassing entities involved in the research and development (R&D) or manufacturing of various drug categories, including generic, non-generic, and veterinary drugs. According to Technavio, the global Pharmaceuticals market size is determined by the consolidated revenue generated by providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Key growth drivers for this market include the increasing global population aging, with the number of individuals over 60 years old in the US projected to reach approximately 25% by 2050, and Europe expected to attain a similar demographic ratio by 2030. - The Sports Medicine Market is experiencing significant growth, fueled by the Increasing incidence of sports injuries. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increasing incidence of sports injuries
  • Rise in influx of new products and treatment modalities
  • High cost of orthopedic implants and other devices
  • Regulatory and legal complexities surrounding sports injuries and treatments
• Growth Projections

The market size is estimated to grow by USD 2968.8 million, at a CAGR of 6.78% during the forecast period. The global sports medicine market is experiencing a notable surge in demand for minimally invasive surgical procedures. This trend is driven by the increasing awareness among athletes and sports enthusiasts regarding the advantages of these interventions. Minimally invasive surgeries offer several business benefits, including reduced trauma to the body, leading to less pain, minimal scarring, and expedited recovery periods. Consequently, professional athletes, such as football players, have increasingly opted for minimally invasive surgeries to address their joint injuries. This approach enables them to return to their sports and activities in a significantly shorter timeframe compared to traditional open surgeries.

For insights on company offerings- Request a sample report!

• Regional Insights

The Sports Medicine market represents a significant business opportunity, driven by the increasing prevalence of sports-related injuries and the growing awareness of the importance of preventative care. Key players in this sector invest in research and development to produce innovative solutions, such as advanced materials for athletic apparel and cutting-edge rehabilitation equipment. The market's growth is further fueled by partnerships between sports teams, leagues, and industry leaders, ensuring a steady demand for high-quality sports medicine products and services.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/