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Sports medicine Market
Growing participation in sports and physical ventures is driving the market demand
The growing cases of sports-connected wounds are pushing the market forward.” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, December 6, 2024 /EINPresswire / -- Our sports medicine market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.
The global Sports Medicine Market was valued at USD 6.73 billion in 2024. Looking forward, the market is projected to grow to USD 12.70 billion by 2034, exhibiting a CAGR of 6.6% over the forecast period from 2025 to 2034.
Market Introduction:
Sports medicine is a field of medicine that copes with physical fitness and cure and prohibition of wounds connected to sports and exercise. It is not limited to professional athletes. When one damages oneself in the course of exercise or while playing a sport, one wants to get back to regimen and athletic activities as soon as feasible.
A physician frequently spearheads a spot medicine team. The majority of sports medicine doctors are commission-certified in an area such as family medicine, orthopedics, or pediatrics and then follow supplemental tutoring in sports medicine. The worldwide focus on physical fitness is pushing the sports medicine market growth.
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Top Key players:
.Arthrex, Inc.
.Bauerfeind
.Breg, Inc.
.CONMED Corporation
.DePuy Synthes (Johnson & Johnson)
.Enovis (DJO, LLC)
.Karl Storz SE & Co. KG
.Medtronic
.Mueller Sports Medicine, Inc.
.Performance Health
.Smith+Nephew
.Stryker
.Zimmer Biomet
Market Drivers and Opportunities:
Technological Innovations: Inventions in diagnostic instruments, minimally invasive surgical approaches, and recovery gadgets have improved cure alternatives, enhanced the recuperation period and thus boosted the demand for sports medicine market growth.
Elder People Acquiring More Active Lifestyles: The growing aggregate of older persons acquiring more agile lifestyles has caused an escalated requirement for sports medicine mediation to handle age-connected musculoskeletal issues involving joint decline, muscle tension, and tendon wounds.
Growing Physical Therapy Centers: The growing aggregate of physical therapy and recuperation centers developing oneself in curing sports connected is figured to notably influence the augmentation of the market in the near future.
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Segmental Analysis:
.The sports medicine market segmentation is based on product type, application, end use, and region.
.By product type analysis, the body reconstruction & repair segment held the largest market share. This is due to escalating cases of sports-connected wounds.
.By end-use analysis, the hospital segment is poised to register a significant CAGR. This is due to the growing demand for specific cures and recuperation services being provided by hospitals.
Regional Overview:
The research report covers all the major regions and sub-regions of the sports medicine market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America: North America accounted for the largest market share. This is primarily because of the region's progressive healthcare framework and robust sports culture.
Asia Pacific: Asia Pacific is anticipated to witness the fastest CAGR from 2025 to 2034. The region's notable escalation in sports involvement, covering several levels, specialist to professional, fuels the regional market expansion.
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FAQs:
How much is the sports medicine market?
The market size was valued at USD 6.73 billion in 2024 and is projected to grow to USD 12.70 billion by 2034.
What is the growth rate of the sports medicine market?
The global market is projected to register a CAGR of 6.6% during the forecast period.
Which region held the largest market share?
North America accounted for the largest market share in 2024.
Which segment by product type led the market in 2024?
The body reconstruction & repair segment dominated the market in 2024.
Browse PMR's Sports Medicine Market Report Coverage from Different Publications:
Sports Medicine Market Size Expected to Reach USD 12.70 Billion by 2034, Growing at a 6.6% CAGR
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
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