Dublin, Oct. 03, 2024 (GLOBE NEWSWIRE) -- The "Sports Medicine Market by Product [Repair (Fracture & Ligament), Reconstruction, Implant, Prosthetic, Arthroscopy, Physiotherapy, Orthobiologics, Brace)], Application (Knee, Shoulder, Ankle, Hip, Spine), End-User - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global sports medicine market is expected to reach USD 9.45 Billion by 2029 from USD 6.79 Billion in 2024, growing at a CAGR of 6.8%
The anticipated market growth for sports medicine market is supported by significant progress made in the field. The factors enhancing the demand comprise innovation and improvements in technologies, improved therapeutic efficiency and uptake of major initiatives by government to increase the physical activity of citizens as well as to prevent sports related injuries. The limitations are the high cost of medical devices associated with sports medicine that may restrict many people in need from accessing such therapies.
Body reconstruction products to register largest market share in 2022-2029.
Body reconstruction products include implants, fracture & ligament repair products, arthroscopy devices, prosthetics and orthobiologics. Products for body reconstruction include prosthesis, arthroscopy equipment, implants, fracture and ligament repair supplies, and guthobiologics. Numerous contact sports, including basketball, rugby, and football, entail injuries that necessitate reconstruction, muscle or tendon fix, or replacement of the complete bone or cartilage tissue. To restore strength to large regions, implants may be used in a number of cases to replace missing bone.
Furthermore, the injured site may also require the utilization of scaffold reconstruction material and OrthoBiologics. The frequency of fractures and ligament damage has gone up over time. Sports injuries involving the anterior cruciate ligament (ACL) are by far the most frequent. Meniscus, rotator cuff, and cartilage repairs are the three primary surgical techniques for ACL injuries. Repairing meniscals is the most typical process performed on the knee.
Physiotherapy centers and clinics to register highest growth rate in the market during the forecast period.
Physiotherapy centers offer support and promote health of an individual's lifestyle. Physiotherapists utlizes exercises and help to recover physical and mental well-being. There are various advantages associated with this segment. It can decrease pain, enhance joint movement, give strength, reduce inflammation, and betters cardio-respiratory role of the patient.
Asia Pacific to register highest growth rate in the market during the forecast period.
The highest CAGR was registered by the APAC region throughout the forecast period from 2024-2029. Asia Pacific comprise India, China, Japan, Australia, South Korea and RoAPAC. The Asia-Pacific region has shown significance growth for sports medicine market. Asia Pacific is projected to grow at a highest rate in sports medicine market for numerous reasons. Most importantly, sports medicine products are in high demand due to increase in participation in outdoor sports activities for professional or recreational purpose. Rise in fundings and increase in participation in different sports events such as Olympics are enhancing the growth of sports medicine market.
The report provides the insights on the following pointers:
- Analysis of the key drivers, restraints, opportunities, and challenges affecting the growth of the sports medicine market: Innovative technology and rise in cases of sports injury; high cost of devices and strict regulations; growing number of hospitals and increased therapies.
- Product Development/Innovation: Overview of pipeline technologies, research & development endeavors and introduction of novel product & service for the sports medicine industry.
- Market Development: Comprehensive details regarding profitable markets: the study examines the sports medicine business in several geographical areas.
- Market Diversification: Thorough understanding of novel products, unexplored regions, current advancements, and investments in the sports medicine market.
- Competitive Assessment: Detailed assessment of market share, service offerings leading strategies of key players such as Smith & Nephew (UK), DePuy Synthes (US), Stryker (US), Zimmer Biomet Holdings, INC. (US) and Arthrex, INC. (US).
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 299 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $6.79 Billion |
| Forecasted Market Value (USD) by 2029 | $9.45 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Companies Featured
- Arthrex, Inc.
- Smith+Nephew
- Stryker
- Depuy Synthes
- Enovis
- Breg, Inc.
- Conmed Corporation
- Zimmer Biomet
- Rti Surgical
- Performance Health
- Bauerfeind
- Karl Storz
- Mueller Sports Medicine, Inc.
- Ossur
- Ottobock
- Biotek
- Anika Therapeutics, Inc.
- Bioventus
- Miach Orthopaedics
- Monogram Orthopedics
- Epibone
- Orthalign
- Blue Ocean Spine GmbH
- Nela Biodynamics
- Paragon 28, Inc.
- Atec Spine, Inc.
- Medtronic
For more information about this report visit https://www.researchandmarkets.com/r/i28fae[repair?w=12
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