Sports Medicine Market Forecast to Grow at 8.2% CAGR Through 2031: Key Insights


Posted October 24, 2024 by roshanikale

Sports Medicine Market Size, Share, Forecast, & Trends Analysis by Product (Arthroscopy, Implants, Prosthetic, Suture, Braces, Support, Physiotherapy, Compression) Application (Shoulder, Elbow, Knee, Hip) End User (Hospital, ASC)
 
According to Meticulous Research®’s latest report, titled *“Sports Medicine Market : Size, Share, Forecast, & Trends Analysis by Product, Application, and End User – Global Forecast to 2031,”* the global sports medicine market is poised to grow at a healthy CAGR of 8.2%, reaching a value of $10.59 billion by 2031.

The report attributes this growth to factors like increasing sports participation, rising incidence of sports-related injuries, and advancements in minimally invasive surgical techniques. However, the high cost of orthopedic implants and the risk of post-surgical complications may restrain the market’s expansion.

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**Opportunities and Challenges**
Emerging markets, particularly in Asia-Pacific, are seeing rising participation in sports, which is expected to fuel market demand. Additionally, technological innovations, such as 3D-printed implants, offer exciting growth opportunities. Nevertheless, challenges like a shortage of trained professionals and the complexities surrounding prosthetic devices could hinder growth.

**Key Market Participants**
The leading companies in the market include Zimmer Biomet, Stryker, Johnson & Johnson, and others, all of which are investing in research and development to offer advanced sports medicine products.

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**Segmentation Insights**
The market is segmented by product, application, and end user. Among products, body reconstruction & repair devices, including arthroscopy devices and implants, are expected to hold the largest share in 2024, driven by rising demand for minimally invasive treatments. In terms of application, knee injuries are expected to lead, owing to their high prevalence in competitive sports.

Hospitals and clinics will remain the largest consumers of sports medicine products, as the demand for sports injury treatments and rehabilitation services grows globally.

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Key questions answered in the report-
• Which are the high-growth market segments in terms of product, application, end user, and region/country?
• What was the historical market size for sports medicine globally?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global sports medicine market?
• Who are the major players in the global sports medicine market?
• What is the competitive landscape like, and who are the market leaders in the global sports medicine market?
• What are the recent developments in the global sports medicine market?
• What are the different strategies adopted by the major players in the global sports medicine market?
• What are the geographical trends and high growth regions/countries?

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Issued By Roshani Kale
Country United States
Categories Health
Tags sports medicine market
Last Updated October 24, 2024