Sports Medicine Market to be Worth US$ 9.86 Billion by 2026 |

Pune, India, Jan. 23, 2023 (GLOBE NEWSWIRE) — Global Sports medicine market It is expected to reach US$9.86 billion by 2026, showing a compound annual growth rate of 5.8% over the forecast period. The increasing prevalence of chronic diseases, including cardiovascular disease and obesity, is leading to an escalation of participation in sporting activities. Moreover, increasing awareness about healthy lifestyle will stimulate children’s participation in sports activities, which in turn will contribute positively to the sports medicine market revenue. According to Stanford University Children’s Health Statistics, more than 30 million children and teens in the United States participate in organized sports. While a third of the reported injuries are sports injuries. Moreover, innovation in new surgical products and devices will promote the healthy growth of the market in the coming years. In addition, the increasing demand for minimally invasive surgery in developed and developing countries will create more new sales opportunities for the sports medicine market analysis.

Key industry development

• Smith & Nephew launches iIntellio connected tower platform to connect and control sports medicine systems. It has a remote control, an on-screen display optimized for the surgeon’s workflow, and a cloud-based image management portal.

• The American Orthopedic Society of Sports Medicine (AOSSM) has announced the launch of the Video Journal of Sports Medicine (VJSM), a video-based learning and education platform. AOSM developed this with a digital learning mindset and to bring best practices across sports medicine in the management of athletes and active people.

• Smith + Nephew, a medical technology company, announces the launch of HEALICOIL KNOTLESS Suture Anchor to expand its comprehensive line of advanced healing solutions for rotator cuff repair.

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Scope and segmentation report

report coverage	details
forecast period	2019 to 2026
Forecast period 2019 to 2026 compound annual growth rate	5.8%
2026 Drop the value	9.86 billion US dollars
base year	2018
market size in 2018	6.26 billion US dollars
Historical data	2015 to 2017
number of pages	130

main sockets

• Sports injuries include spondylolisthesis, fractures, strains, sprains, sutures, disc injuries, and Scheuermann’s disease.
• According to the European Union Sports Catalog IDB, around 4.5 million people aged 15 and over are hospitalized for injuries each year.
• The Asia Pacific region is expected to grow at a higher CAGR during the forecast period.
• By device type analysis, the global sports medicine market can be segmented into surgical devices, orthopedic reconstruction devices, and body support devices.

The sports medicine market reached US$6.26 billion in 2018. Along with market analysis capabilities and knowledge integration with relevant findings, the report predicted strong future growth of the market, all articulated with geographic segments and merchandise. Moreover, it also presents the various procedures and strategies, donors and dealers operating in the market, and explores the components compelling market development, generation patterns, and following systems. In addition, the numbers and topics covered in this report are comprehensive and authoritative for readers.

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A higher number of medical sports centers will accelerate revenue in North America

North America reached $2.60 billion in 2018 and is expected to grow rapidly over the forecast period. The increasing number of medical sports centers will help expand the market in North America. Increased participation in sports and physical activities by children will further drive the healthy growth of the market in the region. The Asia Pacific region is expected to grow significantly in the coming years. The increasing demand for sports medicine from developing countries like China, India and Japan will boost the sports medicine market trends. Moreover, increasing government initiatives to educate healthcare professionals and promote research will facilitate growth in the region.

The acquisition of Ivy Sports Medicine by Stryker will enable rapid expansion of the market

The announcement of Stryker’s endoscopy section, a visualization platform that enables characterization of anatomy across all minimally invasive procedures, was awarded to Ivy Sports Medicine, LLC, a medical equipment production company. The acquisition will enable Stryker to provide customers with a complete meniscus platform to better serve their patients. The agreement between the two companies will advance sports medicine market share due to the company’s portfolio, which includes the market’s only FDA-approved collagen meniscus implant (CMI), a reliable, innovative universal repair device, as well as the inside-out meniscus suture platform. In addition, the development of sports infrastructure, along with the increasing number of hospitalized patients, will facilitate the growth of the market. According to the UEFA Sport Catalog, around 4.5 million people aged 15 and over are hospitalized for sports injuries each year. In addition, the existence of opportunities such as corporate financing and scholarships for students will bode well for the market in the coming years.

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What are the factors affecting the growth of the sports medicine industry?

There are many factors that can influence the growth of the sports medicine industry. Some of these factors include:

• Increased participation in sports and physical activity: As more people participate in sports and physical activity, there is a corresponding increase in demand for sports medicine products and services.
• Technological Advances: The development of new and improved medical devices, diagnostic tools, and treatment options is driving growth in the sports medicine industry.
• Increased awareness of the importance of injury prevention: There is a growing awareness of the importance of injury prevention in sports, which leads to an increased demand for sports medicine products and services.
• Government Support and Funding: Governments around the world are providing increased financial support and funding to sports medicine research, which is driving growth in the industry.
• Aging Population: As the population ages, there is an increase in the number of people participating in sports and physical activity, which leads to an increased demand for sports medicine products and services.
• Increasing number of youth sports: The number of young people participating in sports is increasing, which leads to an increase in the demand for the sports medicine industry for their injuries and their treatment.
• Increasing Number of Professional Athletes: With the advent of professional sports, the number of professional athletes is also increasing, leading to an increased demand for the sports medicine industry for their injuries and their treatment.
• The number of adventure sports is increasing: With the emergence of adventure sports such as rock climbing, bungee jumping and other extreme sports, the number of injuries and accidents is also increasing, which is driving the demand for the sports medicine industry.

Some of the major players in the sports medicine market include:

• Arthrex, Inc.
• Smith and Neview
• Striker
• CONMED Corporation
• Zimmer Biomet
• Johnson & Johnson Services, Inc.
• KARL STORZ SE & Co. kg
• other players

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content list

• Global Sports Medicine Market Analysis, Insights & Forecasts, 2015-2026
  • Main findings/summary
  • Market analysis, insights and forecasts – by device type
    • Surgical devices
    • Bone reconstruction devices
    • Body support devices
    • others
  • Market analysis, insights and forecasts – by application
    • knee
    • head and neck
    • shoulder
    • ankle and foot
    • wrist and elbow
    • others
  • Market analysis, insights and forecasts – by end user
    • Hospitals
    • Specialty clinics
  • Market analysis, insights and forecasts – by region
    • North Amarica
    • Europe
    • Asia Pacific
    • Latin america
    • Middle East and Africa
• North American Sports Medicine Market Analysis, Insights and Forecasts, 2015-2026
  • Main findings/summary
  • Market analysis, insights and forecasts – by device type
    • Surgical devices
    • Bone reconstruction devices
    • Body support devices
    • others
  • Market analysis, insights and forecasts – by application
    • knee
    • head and neck
    • shoulder
    • ankle and foot
    • wrist and elbow
    • others
  • Market analysis, insights and forecasts – by end user
    • Hospitals
    • Specialty clinics
  • Market analysis, insights and forecasts – by country
• European Sports Medicine Market Analysis, Insights and Forecasts, 2015-2026
  • Main findings/summary
  • Market analysis, insights and forecasts – by device type
    • Surgical devices
    • Bone reconstruction devices
    • Body support devices
    • others
  • Market analysis, insights and forecasts – by application
    • knee
    • head and neck
    • shoulder
    • ankle and foot
    • wrist and elbow
    • others
  • Market analysis, insights and forecasts – by end user
    • Hospitals
    • Specialty clinics
  • Market analysis, insights and forecasts – by country/sub-region
    • United kingdom
    • Germany
    • France
    • Spain
    • Italy
    • Scandinavian countries
    • Rest of Europe

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