Sports Medicine Market Outlook to 2023 Detailed in New Research Report

By , in PR PR Sports on .

Portland, OR — 11/09/2017 — According to a new report published by Allied Market Research, titled, “Sports Medicine Market by Product, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global sports medicine market was valued at $6,615 million in 2016, and is projected to reach $11,172 million by 2023, growing at a CAGR of 7.7% from 2017 to 2023. The body reconstruction & repair segment accounted for about half of the global market in 2016.

Sports medicine is a branch of healthcare industry that deals with physical fitness of people involved in sports. Sports medicine involves prevention and treatment of injuries related to sports and exercise. Common sport injuries include anterior cruciate ligament (ACL) tears, ankle sprains, muscle cramps, and shin splints. Demand for sports medicine has increased owing to active participation of athletes in different kind of sports across different countries.

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Rise in the incidence of sports related injuries primarily drives the growth of the sports medicine market. Sport-related injuries have upraised in the young generation owing to the increase in participation in sports. In addition, active participation of government for promoting sports activities and growth in demand for minimally invasive surgeries boost the market growth. Further, easily accessible and advanced treatment products related to sports medicine for quick and easy recovery supplements the growth in demand for sports medicine.

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The body reconstruction & repair segment is anticipated to maintain its dominance during the forecast period. Body reconstruction & repair products such as implants, arthroscopy devices, and orthobiologics assist in the treatment, and prevention of sport-related injuries. Orthobiologics is the fastest growing segment of body reconstruction & repair products registering a CAGR of 9.3% during the forecast period. In addition, braces & support is the highest revenue contributor to body support & recovery products accounted for five ninths share in 2016.

Sports Medicine Market Key Segments:

By Product

-Body Reconstruction and Repair
-Body Support and Recovery
-Body Monitoring and Evaluation Devices
-Accessories

By Application

-Knee Injuries
-Shoulder Injuries
-Ankle and Foot Injuries
-Back and Spine Injuries
-Elbow and Wrist Injuries
-Hip Injuries
-Other Injuries

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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