Sports Medicine Market worth $7.2 billion by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, Sept. 17, 2020 /PRNewswire/ -- According to the new market research report "Sports Medicine Market By Product (Body Reconstruction, Body Support & Recovery), Application (Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries), End User (Hospitals, Physiotherapy Centers & Clinics)- Analysis & Global Forecast to 2025", published by MarketsandMarkets, the global Sports Medicine Market is expected to reach USD 7.2 billion by 2025 from USD 5.5 billion in 2020, at a CAGR of 5.7%.
The Growth in the Sports Medicine Market is mainly driven by factors such as the continuous influx of new products &s treatment modalities, the increasing incidence of sports injuries, developments in the field of regenerative medicine and rising demand for minimally invasive surgeries.
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245 - Tables
38 - Figures
266 - Pages
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The body reconstruction products segment is expected to account for the largest share of the sports medicine product market in 2019
On the basis of product, the Sports Medicine Market is segmented into body reconstruction products (fracture & ligament repair products, arthroscopy devices, implants, prosthetics, orthobiologics), body support & recovery products (braces & support, physiotherapy equipment, and compression clothing), and accessories. The body reconstruction products segment held the largest share of the market in 2019, while the body support & recovery products segment is projected to register the highest growth during the forecast period. The technological advancements in arthroscopic technologies worldwide and the increasing number of sports injuries are major factors driving market growth for body reconstruction products.
Hip & groin injuries segment is expected to grow at the highest CAGR in the global Sports Medicine Market during the forecast period
On the basis of application, the market is segmented into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, back & spine, hip & groin, and other injuries. The knee injuries segment commanded the largest share of the market in 2019. However, the hip & groin injuries market is projected to register the highest CAGR owing to the increasing participation of high school and college athletes in sports.