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Sports Medicine Market Trends

Report ID: GMI3682
Published Date: Nov 2023
Report Format: PDF

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Sports Medicine Market Trends

The growth of the market is further propelled by the increasing preference for minimally invasive technologies, particularly in developed countries. The advantages associated with minimally invasive procedures include shorter hospital stay, quicker recovery, and effective post-surgical pain management, driving the demand for these procedures, and positively influencing market development.

The market's robust expansion is also attributed to the rising adoption of computer-assisted robotic surgeries aimed at reducing recovery time, hospital stays, and facilitating a faster return to normal activities following sports injuries.
Moreover, the positive impact of technological upgrades in sports medicine products further stimulates market progress. For instance, the utilization of 3-D printing technology to create implants, constructed layer by layer through a computer-aided design program (CAD), has contributed to market development.
Safety products produced using 3-D printing include casts for stabilizing broken bones, shin guards, helmets, and footwear designed to help prevent concussions
These advancements in products are expected to enhance workflow efficiency, leading to an expanded client base

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Sports medicine industry size was worth USD 6.1 billion in 2022 and is expected to reach USD 11.1 billion by 2032 owing to a high incidence of sports injuries.

Sports medicine industry from the body reconstruction products segment accounted for USD 3.5 billion in revenue in 2022 and is estimated to witness high demand driven by the growing focus on new product development revolutionizing implant placement technologies.

U.S. sports medicine market size surpassed USD 800 million in revenue in 2022 and set to depict robust growth through 2032 owing to the presence of major players, favorable reimbursement scenarios coupled with the rising number of medical centers, and growing investment in the development of sports medicine.

The top companies in the market are Stryker Corporation, Arthrex, Inc., Otto Bock Healthcare, Zimmer Biomet, Smith & Nephew Plc, Performance Health International Limited, Johnson & Johnson, and Anika Therapeutics, Inc., among others.