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Sports Medicine Market 2019 is Projected to Exhibit a CAGR of 7.5% during the Forecast period 2023, Segmentation by Key Regions, Gross Margin, Profit, Analysis, Market Share

Sports Medicine

360 Research Reports offers the latest published report on “Global Sports Medicine Market – Segmented by Product, Application, and Geography – Growth, Trends, and Forecast (2019 – 2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.

Global Sports Medicine Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Sports Medicine market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.

Sports Medicine Market Segmentation by Major Players:

Arthrex, Inc., Conmed Corporation, Johnson & Johnson, Medtronic Plc, Mueller Sports Medicine, Inc., Performance Health, Smith & Nephew Plc, Stryker Corporation, Wright Medical Group, Zimmer Biomet Holdings, Inc.

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Overview of Sports Medicine Market Report:

The global sports medicine market is expected to register a CAGR of 7.5% during the forecast period of 2019–2023. North America is anticipated to dominate the market during the forecast period owing to the growing healthcare infrastructure and favorable insurance coverage in the region.

Rising Incidence of Sports-related Injuries

According to a study conducted by The Johns Hopkins University, in the United States, about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year are experienced by the participants. Almost one-third of all injuries incurred in childhood are sports-related. The most common injuries are sprains and strains. Moreover, trends suggest that incidences of injuries will increase significantly in the coming years. Additionally, the rate of injury is expected to increase in the developing part of the world, as sports is gaining significance in the region. The high rate of injury in the developed countries, along with increasing incidences of injury in developed and developing countries is expected to drive the sports medicine market across the globe. Additionally, consistent innovation of new products and treatment modalities and the rising demand for minimally invasive surgeries, such as arthroscopy, are further driving the market for sports medicine.

Dearth of Proper Sports Ecosystem

Lack of sports medicine ecosystem is a major hurdle, especially in the developing nations. Several Asian countries face a dearth of a proper ecosystem through which these products and services could reach the end users. In India, although numerous sports are played, and prevalence of injuries is high, sports medicine does not reach where it is needed the most. Factors such as lack of centers of excellence in sports medicine, no proper liaison between sports bodies and government in availing services for sports medicine specialists, and no super specialty seats for sports medicines in universities are holding back the progress of sports medicine in developing countries. Additionally, the high cost of implants and devices are likely to impede the market.

North America to Dominate the Market

North America dominates the sports medicine market. The factors attributing to the growth of this region are the increase in awareness among people regarding physical fitness and rise in the number of sports injuries in the region. Asia-Pacific is anticipated to grow tremendously during the forecast period owing to factors, such as growing government initiatives to promote sports activity, and favorable government support in reimbursement policies for sports treatment.

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Reasons to Purchase the Report

  • Follow the current and future global sports medicine market in the developed and emerging markets.
  • Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in Excel).

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    Important factors that are mentioned in the Sports Medicine Market report 2023…

    Key Market Dynamics:  The Global Sports Medicine Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.

    Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.

    Key Market Highlights:  The report gives us an in-depth Market analysis on some of the Sports Medicine Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.

    Potential Customers: The Sports Medicine Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Sports Medicine market.

     “We also can offer a customized report to fulfill the special requirements of our clients. Regional and Countries report can be provided as well.”

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