Sports today is being widely adopted as a career across the globe. In
addition to maintaining the health and fitness level, practicing sports also
enhances the social and team building skills, and the overall personality. With
more people incorporating different forms of sports and physical activities in
their lifestyle, the cases of sports-related injuries have also increased.
Sprains, knee injuries, fractures, and dislocations are some of the
common sports injuries. However, every injury has different symptoms and
complications and requires specific treatment. To address these issues, the
healthcare industry has created the branch of sports medicine.
To analyze the growth of the sports medicine market, BIS Research
recently published a market intelligence report titled “Global Sports
Medicine Market – Analysis and Forecast (2019 - 2026)”, the global
sports medicine market was valued at $5.99 billion in 2018 and is projected to
reach $9.25 billion by 2026, growing at a CAGR of 5.64% during the forecast
period, 2019 - 2026. In addition to the overall growth of the market, the
report also discusses the three broad segments namely, product, application,
and region.
Based on the product segmentation, the sports medicine market contains
body reconstruction and repair devices, body support and recovery devices, and
accessories. Body reconstruction and repair devices further constitute
implants, repair devices, arthroscopy devices, and orthobiologics. Further in
terms of application, the market is divided under knee, shoulder, foot and
ankle, hip, elbow and wrist, and others.
As per the report published by BIS Research, the report analyzes the market
for five prominent regions namely, North America, Europe, Asia-Pacific, Latin
America, and Rest-of-the-World. Amongst these North America is expected to hold
the highest market share while Asia-Pacific is expected to grow at the fastest
CAGR during the forecast period, 2019 - 2026.
Over years, the evolution of the sports medicine industry has led to the
development of several new devices and prevention and treatment methods such as
minimally invasive surgeries and procedures. The introduction of such
techniques and devices have significantly reduced the in-patient time and
enhanced the process of patient recovery.
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