Sports medicine devices are used by individuals participating in recreational and professional sports activities to prevent or treat musculoskeletal injuries. Technological advancements have led to the development of innovative devices such as arthroscopy devices, prosthetic devices, braces and supports, physiotherapy equipment, and others. These devices help athletes regain mobility and return to active participation. The global Sports Medicine Devices Market is estimated to be valued at US$ 1259.84 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing participation in sports and physical activities has accelerated the demand for sports medicine devices over the years. According to data, over 42% of Americans participate in some form of sports on a regular basis. This has propelled the demand for innovative sports medicine technologies to treat injuries. Sports such as basketball, soccer, volleyball, and running have experienced increased participation which has simultaneously increased the instances of musculoskeletal injuries. As the instances of sports injuries rise, uptake of advanced prosthetic and arthroscopy devices among athletes is growing. Manufacturers are developing sport-specific devices to aid athletic recovery and optimize performance. This is expected to be a key growth driver for the sports medicine devices market during the forecast period.
Segment Analysis
The global sports medicine devices market analysis is segmented by product type, application, and end user. Based on product type, the market is segmented into body reconstruction and repair devices, body support and recovery devices, and accessories. The body reconstruction and repair devices segment is expected to dominate the market during the forecast period. This is attributed to increasing instances of sports injuries and surgeries and growing demand for reconstructive surgeries for knee, shoulder, and other joints.
Key Takeaways
The global sports medicine devices market is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2023 is projected to reach US$ 1259.84 billion, indicating robust growth in the coming years.
Regional analysis: North America is anticipated to hold the largest share in the global sports medicine devices market. This is primarily due to well-developed healthcare infrastructure, high awareness about sports injuries, and rising healthcare expenditure in the region. The growing participation in sports and rising obesity rates are also contributing to the increasing demand for sports medicine devices in North America.
Key players: Key players operating in the sports medicine devices market include Celanese Corporation, Dairen Chemical Corporation, Japan VINYL ACETATE MONOMER & POVAL Co. Ltd., Kuraray Co. Ltd., LyondellBasell Industries, Ningxia Yinglite Chemical Co., Ltd., China Petroleum & Chemical Corporation (Sinopec Corp.), The Dow Chemical Company, and Wacker Chemie AG. These players are focusing on new product launches and strategic collaborations to strengthen their market position.
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The Global Sports Medicine Devices Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product type and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Leading Segment in this market:By Geography – North AmericaFinal Report will cover the impact of COVID-19 on this industry.Browse the complete Global Sports Medicine Devices Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10603-sports-medicine-devices-market-reportThe report also covers the complete competitive landscape of the global Sports Medicine Devices market with company profiles of key players such as:Arthrex, Inc.Arthrocare CorporationBiomet, Inc.Breg Inc.Cayenne Medical Inc.FH Orthopedics Inc.Mueller Sports Medicine, Inc.Smith & Nephew Inc.Wright Medical Group Inc.Zimmer Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product Type:Orthopedic ProductsArthroscopy DevicesFracture Repair DevicesArtificial Joint ImplantsOrthobiologicsProsthesisSupport and Recovery ProductsBody Recovery and SupportThermal Therapy (Cold/Hot Therapy)Support Devices and BracesCompression ClothingAnalgesics (Topical Pain Relief)Body Repair and ReconstructionSurgical EquipmentBone/Cartilage Repair and ReconstructionSoft Tissue Repair (Tendon and Ligament Repair)Body Evaluation and MonitoringRespiratoryHemodynamicCardiacMusculoskeletalAccessoriesTapesBandagesDisinfectantsWrapsBy Applications:Hand-wristShouldersAnkle-footArm-elbowKneeBack-spineHip-groinBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Sports Medicine Devices Market @ https://www.decisiondatabases.com/contact/download-sample-10603The Global Sports Medicine Devices Market has been exhibited in detail in the following chapters –Chapter 1 Sports Medicine Devices Market PrefaceChapter 2 Executive SummaryChapter 3 Sports Medicine Devices Industry AnalysisChapter 4 Sports Medicine Devices Market Value Chain AnalysisChapter 5 Sports Medicine Devices Market Analysis By Product TypeChapter 6 Sports Medicine Devices Market Analysis By ApplicationsChapter 7 Sports Medicine Devices Market Analysis By GeographyChapter 8 Competitive Landscape Of Sports Medicine Devices CompaniesChapter 9 Company Profiles Of Sports Medicine Devices IndustryPurchase the complete Global Sports Medicine Devices Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10603Other Reports by DecisionDatabases.com:Global Photomedicine Devices And Technologies Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Sports Medicine Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Telemedicine Technologies And Services Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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