LONDON, May 04, 2023 (GLOBE NEWSWIRE) — A study of the sports medicine market by The Business Research Company identifies the sports medicine market share to grow at a steady rate. Over 7% Compound Annual Growth Rate (CAGR) from $7 $1 billion by 2022, $7.6 billion by 2023Market size is expected to expand further $10 1 billion in 2027,and CAGR 7% or more. North America was largest region Global Sports Medicine Market in 2022.
of Increase in sports injuriescaused by direct impact, overuse, or application of force, is one of the factors driving the growth of the sports medicine market.
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product innovation is a key trend in the sports medicine market, leading players to focus on developing new technological solutions to consolidate their position.
In 2021, Smith & Nephew Inc. will launch a new 4K surgical imaging technology called 4KO, and Zimmer Biomet Holdings Inc. will acquire A&E Medical Corporation for $250 million in 2020 to expand its portfolio. It accommodated patient and surgical needs.
Top sports medicine companies include Stryker Corporation, Arthrex Inc., Wright Medical Technology Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Mueller Sports Medicine, Inc., Karl Storz SE & Co. KG, CONMED Corporation, Johnson & Johnson, DJO Global, Breg, Inc., RTI Surgical, Inc., Performance Health International Limited, Bauerfeind AG, Ossur Corporate, Cramer Product Inc.
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The Global Sports Medicine Market has been segmented as follows:
1) By Product: Implants, Fracture and Ligament Repair Products, Arthroscopy Devices, Prosthetics, Other Products
2) By type of injury: knee injuries, shoulder injuries, foot and ankle injuries, back and spine injuries, hip and groin injuries
3) By End User: Hospitals, Ambulatory Surgery Centers, Physiotherapy Centers, Clinics
As the market is expected to grow consistently, the sports medicine market report highlights high-growth segments and regions that companies should focus on for expansion and investment. The report also provides detailed insights on consumer behavior, supply he chain analysis, and key competitors and their strategies.
Sports Medicine Global Market Report 2023 To business research company It provides insights on sports medicine market size, sports medicine market segments, sports medicine market trends, drivers and restraints, market positioning of key competitors, revenue and market share.
The Business Research Company publishes over 3,000 industry reports covering over 2,500 market segments and 60 geographies. The report is based on unique insights drawn from 1,500,000 datasets, extensive secondary research, and interviews with industry leaders.
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