Global Sports Medicine Market to Surge at 5.7% CAGR, which is anticipated to reach USD 11.73 billion by 2030

CRI Report has released a report titled “Sports medicine Market – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 11.73 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 5.7% between 2020 and 2030. According to the report, the increased rates of sports injuries, as well as the expanding engagement of people in sports and fitness-related activities, are driving up demand for sports medicine. Furthermore, over the forecast period, the market for sports medicine is likely to be driven by a move from proactive to preventative care for sports injuries.

The market report on Global Sports Medicine Market includes in-depth insights as:

• The estimated value of the market was USD 5.95 billion in the year 2020.
• Global Sports Medicine in North America held the largest market share in the year 2020.
• Global Sports Medicine Market is segmented by type into Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, and Accessories.
• Global Sports Medicine Market is divided by application into Knees, Shoulders, Ankle & Foot, Back & Spine, Elbow & Wrist, Hips, and Others
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“Sports medicine has outperformed all other healthcare professions in terms of growth, as practitioners in this sector can treat a wide range of people, not only athletes. The growth in incidence of sports-related injuries, as well as increased public awareness about physical fitness, has resulted in an increase in demand for sports medicine throughout the years. Furthermore, government-sponsored sports medicine initiatives boost athlete involvement around the world. Furthermore, an increase in the demand for minimally invasive surgeries aids market expansion”, said a lead analyst at CRI Report.

Sports medicine is concerned with the treatment, physical fitness, and prevention of injuries resulting from exercise and sports. Sports medicine focuses on providing athletics and other sports personnel with medical treatments connected to sports. Sports medicine healthcare experts have received specialized training in order to treat athletes and restore function to injured athletes so that they can return to the field as soon as feasible.

Global Sports Medicine Market is segmented by type into Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, and Accessories. The free-from certifications segment held the largest market share in the year 2020. Surgical equipment, soft tissue repair equipment, and bone reconstruction devices are all part of the body reconstruction and repair section. The increased use of fracture and ligament repair devices, as well as the increasing utilization of arthroscopy equipment in minimally invasive procedures, was credited for the huge market share. The accessories section, on the other hand, is expected to develop at the quickest rate over the projection period.

Key Players in the Market

• Some of the key players operating in the Global Sports Medicine Market are Smith & Nephew Plc, Stryker Corporation, Johnson & Johnson, Arthrex, Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., and Other Prominent Players

Get Valuable Insights into Global Sports Medicine Market

In the new report, CRI Report thrives to present an unbiased analysis of the Global Sports Medicine Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Global Sports Medicine Market is segmented by type into Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, and Accessories. Global Sports Medicine Market is divided by application into Knees, Shoulders, Ankle & Foot, Back & Spine, Elbow & Wrist, Hips, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.