Global Sports Medicine Devices Market Forecast to 2028: Emerging Economies sees Increasing Participation in Sports and Market Penetration Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Sports Medicine Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product, Application, End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

The global sports medicine devices market is likely to be valued at US$ 6,094.67 million in 2022 and is projected to reach to a value of US$ 9,452.72 million by 2028; it is expected to grow at a CAGR of 7.6% from 2022 to 2028.

The growth of the sports medicine devices market is mainly attributed to factors such as the increasing incidence of sports injuries and rising demand for minimally invasive methods. However, the high cost of devices and dearth of skilled professionals hinder the market growth.

Sports medicine is a branch of health care that increases athletic performance and improves physical fitness. Sports medicine devices promote early recovery from injuries and prevent the risk of future injuries. Various injuries caused by sports and general exercise are head, knee, and ankle injuries; muscle spasms; sprains and strains; and torn ligaments.

These devices can be surgically implanted, externally attached, or used for minimally invasive procedures such as arthroscopy. The devices also comprise performance monitoring devices and various accessories, such as bandages, bands, and slings. Orthopedic devices prevent and treat musculoskeletal problems, such as sprains and strains, fracture and ligament repairs, repetitive motion injuries, and upper and lower back pain associated with sports.

In athletes with a physical deformity or any physiological dysfunction, prostheses replace, correct, or support a body part. Amputees of upper and lower extremities use sports prostheses to participate in sports and other physical activities. They help replicate the functions of the fingers, arms, elbows, and other body parts.

The COVID-19 outbreak severely affected medical systems in various regions across the world. The global impacts of the outbreak are being felt across several markets. The COVID-19 pandemic had significantly impacted the sports medicine device market. Several sports activities were suspended or postponed at international, regional, and national levels to control the virus spread in the first quarter of 2020.

Based on product, the sports medicine devices market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. In 2022, the body reconstruction and repair segment accounted for the largest market share. Body reconstruction is a specialized treatment used for the damaged or injured skin and tissues.

The reconstruction and repair helps sport person to get back on the field as quickly as possible. The body reconstruction and repair enables are majorly done by the mode of surgeries that require products, such as autografts, allograft struts, mesh cages, cement augmentation, implants, and expandable cages.

Therefore, owing to the advantages of the body reconstruction and repair for the sports injuries, the global sports medicine devices market is likely to grow with a significant growth rate in the coming years. Also, the body monitoring and evaluation segment is likely to register the highest CAGR in the market during the forecast period.

In terms of application, the global sports medicine devices market is segmented into elbow and wrist injury, shoulder injury, knee injury, ankle and foot injury, spine injury, and others. The knee injury segment held the largest share of the market in 2022. However, the shoulder injury segment is anticipated to register the highest CAGR in the market during the forecast period.

The global sports medicine devices market, based on end user, is segmented into hospitals and clinics, physiotherapy centers, sport centers, and ambulatory surgery centers. The hospitals and clinics segment held the largest share of the market in 2022. However, the physiotherapy centers segment is anticipated to register the highest CAGR of 8.0% in the market during the forecast period.

Key Market Dynamics

Market Drivers

• Increasing Incidences of Sports Injuries
• Rising Demand for Minimally Invasive Methods

Market Restraints

• High Cost of Devices and Dearth of Skilled Professionals

Market Opportunities

• Rising Technological Advancements in Sports Medicine Devices

Future Trends

• Increasing Participation in Sports and Market Penetration Opportunities In Emerging Economies

Growth Strategy Analysis

Performance Of Key Players

• Arthrex Inc.
• Smith & Nephew

Global Sports Medicine Devices

Body Reconstruction Products

• Fracture and Ligament Repair Products
• Arthroscopy Devices
• Implants
• Prosthetics
• Orthobiologics

Body Support and Recovery Products

• Braces
• Compression Clothing
• Physiotherapy Equipment

Body Monitoring and Evaluation

• Accessories

Company Profiles

• Arthrex Inc.
• Conmed Corporation
• Medtronic
• DePuy Synthes
• Stryker
• Smith & Nephew
• DJO Global Inc.
• Zimmer Biomet
• Karl Storz SE & Co., KG
• Breg Inc.

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