Latest News- Sports Medicine Market: Knee treatment is expected to lead the Application segment during 2024-2028

The Sports Medicine Market is being driven by Increasing incidence of sports injuries

The Sports Medicine Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2968.8 million. The global sports medicine market is experiencing a notable surge in demand for minimally invasive surgical procedures. This trend is driven by the increasing understanding among athletes and fitness enthusiasts regarding the advantages of these interventions. Minimally invasive surgeries offer several business benefits, including reduced post-operative trauma, which translates to less pain, minimal scarring, and expedited recovery periods. Consequently, athletes can swiftly resume their sports activities and professional commitments. For instance, numerous professional football players have successfully undergone minimally invasive joint surgeries, enabling them to recuperate and return to the field within a few weeks instead of prolonged recovery periods associated with traditional open surgeries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Knee treatment
  • Hip treatment
  • Shoulder treatment
  • Spine treatment
  • Others
• Product
  • Reconstructive products
  • Support and recovery products
  • Accessories
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • France
  • Asia
    • China
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing incidence of sports injuries
• Rise in influx of new products and treatment modalities
• Increase in adoption of online medical products

However, the market also witnesses some limitations, which are as follows:

• High cost of orthopedic implants and other devices
• Regulatory and legal complexities surrounding sports injuries and treatments
• Increasing pressure on market competitors for involving category sustainability

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Market Scope in Sports Medicine Market Research Report

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Research Analysis Overview

In the realm of Sports Medicine, innovative technologies are revolutionizing the field. These include movement analysis software, biofeedback devices, virtual reality therapy, and augmented reality training. Remote patient monitoring, sports medicine software, and injury risk prediction tools are also transforming preventative care. Therapeutic exercises, manual therapy, pharmacological interventions, and surgical techniques continue to be essential for injury treatment. Prosthetics and orthotics, athletic training methods, coaching strategies, and performance optimization technologies enhance athlete capabilities. Injury surveillance systems, health risk assessments, fitness technology, personalized training plans, nutritional counseling, and strength and conditioning programs contribute to overall wellness. Flexibility training, plyometrics, speed, agility, endurance, cardiovascular fitness, body composition analysis, metabolic testing, and lactate threshold testing are integral components of comprehensive sports medicine.

Market Research Overview

The Sports Medicine market encompasses businesses specializing in athletic performance enhancement, injury prevention strategies, rehabilitation techniques, exercise physiology metrics, and biomechanical analysis. According to Technavio, the global Pharmaceuticals industry encompasses manufacturers and providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the growth of this sector include the increasing global population aging, with the US and Europe projected to have over 25% of their populations over 60 years old by 2050 and 2030, respectively. This demographic shift will increase the demand for healthcare solutions, including those in sports medicine.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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