The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sports medicine market report forecasts the sports medicine market size to grow to $10.00 Billion by 2027, with a CAGR (compound annual growth rate) of 7%.

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Sports Medicine Market Size Forecast
The global sports medicine market is expected to grow from $7.09 billion in 2022 to $7.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.62%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sports medicine market size is expected to reach $10.00 billion in 2027 at a CAGR of 7.00%.

North America held the largest sports medicine market share.

Key Sports Medicine Market Driver ­– Increase In Number Of Sports Injuries
According to research released by the National Safety Council, a US-based public service organisation for health and safety, sports and recreational injuries in the US climbed by 20% in 2021 to 409,224, up from 377,939 in 2020. Furthermore, 91% of injury victims are treated with sports medicine in the emergency department and released. As a result, the growing number of sports injuries is propelling the sports medicine market forward.

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Key Sports Medicine Market Trend – Product Innovations
To strengthen their position in the sports medicine sector, major corporations are focusing on developing innovative technology solutions. Smith & Nephew Inc., a UK-based medical equipment manufacturing company, for example, will unveil 4KO, a new 4K surgical imaging system, in April 2021. The new technology is intended to improve image quality and increase resolution by at least 30%. The 4KO increases the brightness and clarity for surgeons, allowing them to decide the best treatment for their patients. The new technology will be used to enhance the company’s wireless arthroscopic tower for sports medicine.

Sports Medicine Market Segment
1) By Product: Implants, Fracture And Ligament Repair Products, Arthroscopy Devices, Prosthetics, Other Products
2) By Injury Type: Knee Injuries, Shoulder Injuries, Foot And Ankle Injuries, Back And Spine Injuries, Hip And Groin Injuries
3) By End User: Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres And Clinics

Sports Medicine Market Major Players and Strategies
Major players in the sports medicine market are Stryker Corporation, Arthrex Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Mueller Sports Medicine, Inc., Karl Storz SE & Co. KG, CONMED Corporation, Johnson & Johnson, DJO Global, Breg, Inc., RTI Surgical, Inc., Performance Health International Limited, Bauerfeind AG, Ossur Corporate, Cramer Product Inc.

Zimmer Biomet Holdings Inc., a medical equipment manufacturer based in the United States, paid $250 million for A&E Medical Corporation in December 2020. This acquisition broadens and strengthens Zimmer’s existing portfolio while also meeting patient and surgical needs. This transaction is expected to benefit surgeons, healthcare systems, and patients by combining resources and positioning Zimmer for long-term success. A&E Medical Corporation is a company established in the United States that designs and manufactures surgical products for cardiothoracic surgery and sports medicine.

The Sports Medicine Global Market Report 2023 covers regional data on sports medicine market size, sports medicine market trends and drivers, opportunities, strategies, and sports medicine market competitor analysis. The countries covered in the sports medicine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Sports medicine is a branch of medicine concerned with physical health and the treatment and prevention of injuries caused by athletic activity. They are employed to alleviate pain and inflammation.

View More Reports Related To The Sports Medicine Market –
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