Global Sports Medicine Market valued at over $7 billion in 2022, is set to grow at a 6% CAGR by 2027

BRUSSELS - Jan. 27, 2023 - PRLog -- Sports medicine represents a wide array of specialties which bridges the academic disciplines of medicine and physical education.

Slowdown in the Demand for Sports Medicine Points to An Upcoming Recession

The recession's negative impact on the youngsters physical activities highlights the need for policymakers to consider the impact of leading economic downturns on the physical activities of youngsters. Due to the upcoming recession, patients are expected to delay their minimally invasive surgical procedures.

Potential of Sports Medicine in the Medical Treatment of Sports Injuries

Sporting injuries are inevitable for anyone who actively indulges in physical activities. Recent developments in regenerative medicine in the sporting arena focuses predominantly on cartilage, tendon, ligament, meniscal and skeletal muscle injuries. The future contains an emerging trend towards prevention through genetics, nutrigenomics, and numerous monitors and wearables in sports medicine which is further projected to drive the global sports medicine market.

Increasing Emphasis on Developing Advanced Sports Medicine Products

There have been many recent developments in the products category of sports medicine such as rotator cuff repair, high altitude simulation training, anti-gravity treadmill, exoskeletons, virtual and augmented reality, and hip/knee arthroscopy which are revolutionizing the segment of the sports medicine market.

Increasing Cases of Youth Sports Injuries is Triggering the Sports Medicine Market

Approximately, more than 3.5 million children under the age group 14 receives medical treatment for sports injuries each year. Young athletes especially those younger than 8 years are more prone to sports injuries. Injuries to the face or head are more common and account for nearly 27% of high school sports injuries.

Key Market Challenges: Sports Medicine Market

The growing costs of sports medicine & other medical devices, shortage of skilled and trained medical professionals and a worldwide shortage of raw materials & equipment's are some of the key factors poised to hamper the growth of the sports medicine market in the upcoming years.

North America to Hold a Larger Share in the Sports Medicine Market
From a geographical perspective, North America holds a larger market share in the sports medicine market. This can be mainly attributed to the rising cases of sport-related injuries and muscle tears, growing usage of absorbable implants and improved sports healthcare infrastructure.

Competitive Landscape Analysis: Sports Medicine Market
Some of the leading players operating in the global sports medicine market are Arthrex Inc., DePuy Synthes, Stryker Corporation, CONMED Corporation among others.

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