Global Sports Medicine Market to Be Worth US$ 8.4 Bn by 2022 - Future Market Insights

Valley Cottage, NY, November 28, 2017 (Newswire.com) - Sports medicine is also referred to as sports and exercise medicine, is a medical branch which is involved with prevention, treatment of injuries, physical fitness and other aspects related to exercise and sports. Sports medicine is an emerging field in the healthcare industry that is focused on enhancing the performance of athletes and also involves nutrition and training. It involves fields such as body monitoring, body evaluation, body reconstruction, recovery and support; to name a few application areas, it is used in ankle and foot injuries, hip injuries, knee injuries, shoulder injuries and back and spine injuries.

Future Market Insights has presented a holistic view of the sports medicine market by performing extensive research on this emerging healthcare field and its present scenario across the globe. The comprehensive research study reflects various analytics associated with sports medicine across important geographies by carrying out an in-depth market segmentation with the help of which future projections are, five years down the line from 2017-2022, are chalked that can assist the reader in making informed decisions based on the numbers and statistics in the research report. The report also focuses on macroeconomic aspects, developments, trends, drivers and product innovations influencing the growth of the global sports medicine market in the coming years.

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According to the insightful research report on sports medicine, its global market is expected to soar at a significant pace during the forecast period. The global sports medicine market is expected to grow at a robust CAGR throughout the period of forecast 2017-2022 to reach a market evaluation of about US$ 8.4 Bn by the end of 2022.

Body Monitoring and Evaluation to Propagate at Higher Pace

The body monitoring and evaluation segment by product type is expected to grow at a faster rate throughout the period of forecast. This segment has picked up steam owing to increasing awareness regarding body performance during sports and the evaluation to assist in determining the correct measure to treat various injuries occurring during sports. This segment is poised to grow at a high CAGR of 7.6% throughout the period of forecast.

Body Reconstruction to cement its dominance in the coming years

Body reconstruction product type segment is expected to be the most lucrative and largest segment during the forecast period. This segment has shown a higher market share since 2016 than other product type segments. In 2017, this segment is estimated to reflect a market share a bit under 45% thus leading the global market and this trend is likely to continue over the period of forecast 2017-2022. Moreover, body reconstruction segment is expected to grow at a robust CAGR and also expected to gain the highest BPS by the end of the forecast period.

North America and APEJ to Grow at Same Pace, However, North America Leads the Way

The regional analysis in this report reveals that the Asia-Pacific excluding Japan (APEJ) region and North America region are projected to expand at same growth rates throughout the period of forecast. However, North America reflects higher attractiveness and is the leading segment with respect to demand generation as well as supply. This region is characterised by advanced technologies and developments in the sports medicine field that has resulted in increased propagation of sports medicines in the entire region, thus making it the largest region in the global sports medicine market. Both APEJ and North America are expected to witness potential growth in the coming years.

On the contrary, Europe region stands second to North America with respect to market share. It also represents significant growth in the coming years. Sports medicine in Europe market is projected to expand at a CAGR of 7% throughout the period of forecast.

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Knee Injuries to Offer High Opportunities for Sports Medicines

According to the research, in 2017, sports medicines are widely used to treat knee injuries making it the most lucrative segment by application. The knee injury segment is projected to grow at a robust CAGR during the forecast period and is expected to dominate the global market with respect to market share by the end of 2022. Following this segment, shoulder injury segment is second in line with a significant market share in the forecast period. The back and spine injuries segment is anticipated to grow at the highest pace to register a CAGR of 8.2% during the period of forecast 2017-2022.

Competition at a Glance

The research report on global sports medicine market also covers a detailed competition landscape where company profiles, product details, developments and other important aspects of various key players are mentioned. Key companies like Breg Inc., Johnson & Johnson, Medtronic Plc, Wright Medical Group N.V., Mueller Sports Medicine, Inc., Zimmer Biomet Holdings, Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew Plc., and Arthrex, Inc., have been profiled.

Source: Future Market Insights