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Sports Medicine Devices Market Size, $9.45 Billion by 2028, 7.6% CAGR Led by Body Reconstruction and Repair Segment (37.64% Market Share in 2021): The Insight Partners

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The Insight Partners

27 May, 2022, 09:30 GMT

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NEW YORK, May 27, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Sports Medicine Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Body Reconstruction and Repair, Body Support and Recovery, Body Monitoring and Evaluation, and Accessories), Application (Elbow and Wrist Injury, Shoulder Injury, Knee Injury, Ankle and Foot Injury, Spine Injury, and Others), End User (Hospitals and Clinics, Physiotherapy Centers, Sport Centers, and Ambulatory Surgery Centers), and Geography", the global sports medicine devices market size is likely to be valued at $6.09 billion in 2022 and is projected to reach to a value of $9.45 billion by 2028; it is expected to grow at a CAGR of 7.6% from 2022 to 2028.

The Sample Pages Showcases Content Structure and Nature of Information Included in This Research Study Which Presents A Qualitative and Quantitative Analysis: https://www.theinsightpartners.com/sample/TIPHE100001113/

Report Coverage

Details

Market Size Value in

US$ 6.09 Billion in 2022

Market Size Value by

US$ 9.45 Billion by 2028

Growth rate

CAGR of 7.6% from 2022 to 2028.

Forecast Period

2022-2028

Base Year

2022

No. of Pages

230

No. Tables

138

No. of Charts & Figures

90

Historical data available

Yes

Segments covered

Product, Application, End User, and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Sports Medicine Devices Market: Competitive Landscape and Key Developments

Companies operating in the sports medicine devices market implement various organic growth strategies, such as product launch and product development, to enhance the market growth. Several companies are implementing numerous inorganic strategies, such as partnerships and mergers and acquisitions.

Schedule A Pre-Sale Discussion with The Author Team in A Slot That You Prefer to Address Queries on Scope of The Study, Customization, Introduction to Research Methodology, Assistance on Technologies and Market Definitions: https://www.theinsightpartners.com/inquiry/TIPHE100001113/

In May 2022, Conmed announced a definitive agreement to acquire privately held In2Bones Global, Inc. (In2Bones), on a cash-free, debt-free basis, for cash consideration of US$145 million at closing and up to an additional US$110 million in growth-based earnout payments over a four-year period. The transaction is not subject to a financing condition. It is subject to customary closing conditions, including receipt of the US regulatory approval, and is expected to close late in the second quarter or early in the third quarter of 2022.

In January 2021, Stryker acquired OrthoSensor, a privately held company dealing with the digital evolution of musculoskeletal care and sensor technology for total joint replacement.

In February 2022, DJO Global renewed partnership with the Professional Football Athletic Trainers Society (PFATS). PFATS is a professional society composed of the certified athletic trainers working in professional football. DJO is partnered with PFATS since 2008.

Click Here to Avail Lucrative DISCOUNTS on Our Latest Research Reports. We Offer Student, Enterprise, and Special Periodic Discounts to Our Clientele. Please Fill the Form to Know DISCOUNTED PRICE

The sports medicine devices market growth is driven by the increasing incidence of sports injuries and rising demand for minimally invasive methods. However, the high cost of devices and dearth of skilled professionals hamper the market growth. The knee injury segment dominated the global sports medicine market and held the largest sports medicine market share of 29.64% in 2021. The hospitals and clinics segment dominated the global sports medicine market and held the largest sports medicine market share of 36.64% in 2021.

Global Sports Medicine Devices Market: Key Insights – Future Trends

Market players are developing advanced products to increase their market share. The increasing use of wearable devices, such as resistance bands and other sensory aids, to monitor stress levels and prevent fatigue-related injuries among athletes is fueling the growth of the sports medicine devices market. For example, Athletigen Technology, Inc., a performance-driven company in Nova Scotia, works with various athletes to use the information they gather about their DNA to improve their performance and health while reducing the incidence of sports-related injuries. Such cases are expected to provide numerous opportunities in the market during the forecast period. In April 2021, HIT, a start-up company developed a wearable device at the Heriot-Watt University. The device measures and tracks head impact force to tackle head injuries in sport. The continuous developments in the field of sports medicine devices are expected to support the market growth during the forecast period.

The US holds a significant share of the sports medicine devices market in North America. The market growth in the country is primarily driven by huge participation by adults and children in sports and increasing incidence of sport injuries. According to US Centers for Disease Control (CDC), it is estimated that more than 3.5 million kids below the age of 14 years receive medical treatment for sports injuries every year, accounting for nearly 40% of all sports-related injuries treated in hospitals. Such a significant number of sports injuries every year is estimated to offer a favorable environment for the adoption of sports medical devices, which would eventually drive the US sports medicine devices market during the forecast period.

Have A 15-Minute-Long Discussion with The Lead Research Analyst and Author of The Report in A Time Slot Decided by You. You Will Be Briefed About the Contents of The Report and Queries Regarding the Scope of The Document Will Be Addressed as Well: https://www.theinsightpartners.com/speak-to-analyst/TIPHE100001113

The market players are adopting organic and inorganic strategies, such as advanced product launches, for market development. For instance, in December 2020, Arthrex Inc. introduced a FDA-cleared anterior cruciate ligament primary repair kit, SwiveLock. The kit enables patients to return to their activity faster while protecting the repaired ligament. Such developments support the growth of the sports medicine devices market.

Sports Medicine Devices Market: Segmental Overview

Based on application, the 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 market share in 2022. Knee joint is a complex structure formed with many components that are highly prone to the injuries. A few most common injuries seen in the knee joints are dislocation, ACL tear, bursitis, fractures, meniscus tear, overuse injuries, and patella instability. These injuries are likely to happen when athletes do not utilize proper form/technique or do not wear the correct equipment, such as supports and braces for their sport.

Immediate Delivery of Our Off-The-Shelf Reports and Latest Research Studies, Through Flexible and Convenient Payment Methods: https://www.theinsightpartners.com/buy/TIPHE100001113/

Browse Adjoining Reports:

Sports Medicine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Body Reconstruction Products, Body Support and Recovery Products, Body Monitoring and Evaluation, Accessories); Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Other Injuries); End User (Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres and Clinics) and Geography

Carboxy Therapy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Tabletop, Portable, Others); Application (Aesthetic Medicine, Angiology, Dermatology, Ortopedics And Rheumatology, Sports Medicine, Gynecology, Others); End User (Hospitals, Aesthetic Clinics, Wellness Center)

Cold Pain Therapy Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (OTC Products (Pharmaceuticals and Medical Devices) and, Prescription Products (Motorized Devices, Non-Motorized Devices), By Application (Musculoskeletal Disorders, Sports Medicine, Post-Trauma Therapy, Post-Operative Therapy)

Joint Reconstruction Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Knee, Hip, Shoulder, Ankle, Others); Technique (Joint replacement, Osteotomy, Arthroscopy, Resurfacing, Others); Application (Hospitals, Orthopedic Clinic, Ambulatory Surgical Centers, Others) and Geography

Arthroscopy Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Arthroscopic Implants, Arthroscopes, Fluid Management Systems, Radiofrequency Systems, Visualization Systems, Powered Shaver Systems, and Other Arthroscopy Instruments) and Application (Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot and Ankle Arthroscopy, Shoulder and Elbow Arthroscopy, and Others) 

Advanced Orthopedic Devices Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Device Type (Implants, Regenerative Products, Consumables); End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/sports-medicine-devices-market

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg 

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