If you are new to TikTikTalk ? Your first verification mail might be in your spam folder.Check there and move it to your inbox to complete registration or account verification process..
Patrocinado
sociofans

Sports Medicine Market worth $7.2 Billion

0
2KB

The sports medicine market is projected to reach $7.2 billion by 2025, growing at a CAGR of 5.7% from 2020, according to a new report from MarketsandMarkets. Key factors driving this growth include the increasing incidence of sports injuries globally, new product innovations and advancements in regenerative medicine, and rising demand for minimally invasive surgeries.

Request for Free Sample Report

The rate of sports injuries has increased in recent years due to greater participation in athletic activities and fitness pursuits. An estimated 30 million children and adolescents in the U.S. alone take part in organized sports every year, with over 3.5 million injuries reported annually. There are around 2 million acute ankle injuries every year in the country as well. With more people playing sports, especially youngsters, the need for injury treatment and rehabilitation will likely rise.

However, high costs constrain faster growth. Orthopedic implants and devices are expensive, averaging over $12,000 in emerging economies. Regenerative therapies like PRP and stem cell injections cost $2,000–$5,000 per treatment. Most people cannot afford these without insurance. Expanding coverage and market penetration in developing nations provide opportunities to tap this underserved patient pool.

Among products, body support and recovery items like braces, supports and physiotherapy equipment will see the highest demand growth. These help restore mobility and function before and after surgery. More injuries spell greater utilization of these devices. Currently, knee injuries account for 40% of all sports-related injuries. So this application segment captures the largest market share. But physiotherapy centers and clinics will be the fastest growing end-user segment through 2025. Cost-effectiveness and easy access drive preference for these facilities.

Geographically, North America leads the sports medicine industry with increasing health awareness, more funding, and wider product availability aiding steady adoption. Going forward, emerging markets, especially China and India, are expected to contribute significantly thanks to expanding healthcare infrastructure, rising incomes and larger addressable patient populations.

However, the field faces a shortage of qualified specialists, which impedes market expansion. Sports medicine calls for extensive expertise in treating bone, joint and soft tissue trauma from athletic pursuits. But there are not enough orthopedic surgeons or professionals with the required training. This supply-demand gap may widen by over 30,000 in the next decade, indicating a key constraint.

Request for Free Sample Report

In summary, while the sports medicine space shows positive long-term outlook owing to strong fundamentals, providers would need to overcome cost and talent challenges to fully capitalize on the opportunities presented. Strategic moves around pricing, targeted expansion in developing geographies and a good talent pipeline can catalyze sustainable sector growth.

Top 10 Companies in the Tissue Diagnostics Market
Top 10 Companies in Human Capital Management Market
Top 10 Companies Leading the Patient Engagement Solutions Market
Top 10 Companies in the Blood Collection Devices Market

Patrocinado
Patrocinado
Pesquisar
Patrocinado
Categorias
Leia mais
Outro
Personal Cloud Market Growing Popularity & Emerging Trends
Personal Cloud Market Overview A personal cloud has been defined as small cloud storage of the...
Por Trending_Technology 2023-04-17 06:24:32 0 4KB
Health
Clinical Alarm Management Market Share: Competitive Landscape and Analysis
Readers of this report can do Clinical Alarm Management market research to analyze and assess the...
Por mattmile92 2023-07-20 09:45:46 0 4KB
Networking
Emobility Controls and Autonomous Vehicles Market will reach at a CAGR of 21.4% from to 2030
According to the Market Statsville Group (MSG), the global emobility controls and...
Por vipinmsg 2024-11-28 06:34:25 0 790
Jogos
There is no way they are NOT currently creating a Diablo 4
There is no way they are NOT currently creating a Diablo 4. I can't advanced a cosmos that a...
Por Sheliepaley 2024-06-28 03:03:27 0 2KB
Outro
Target Drones Market Key Players Analysis & Growth Report 2023-2030
Target Drones Market Overview: The research report examines the current state of the Target...
Por emilycooper 2023-07-13 11:49:16 0 4KB
Patrocinado