Sports Medicine Devices Market CAGR of 4.4% between 2021 and 2027 – Global Trends, Size, Key Players, Opportunities, Emerging Technologies, Future Perspective Competitive Analysis to Forecast by 2027

Sports Medicine Devices Market (Forecast Period 2021-2028): The report provides a valuable source of insightful data for business strategists and competitive analysis of Sports Medicine Devices Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.

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Major Players In This Market Are: 3M Company, Arthrex, Inc., ArthroCare Corporation, Biomet, Inc., BREG, Inc., Conmed Corporation, DePuy Mitek, Inc., DJO Global, Inc., Mueller Sports Medicine, Inc., Ossur hf, and OttoBock Healthcare GmbH

Sports medicine encompasses the entire range of medical products for prevention, cure, and recovery of injuries arising from sports injuries. These injuries include sprain, strain, fractures, joint dislocation, musculoskeletal injuries and soft tissue damage.

Sports such as cricket, football, basketball, baseball, sprinting, tennis, and badminton mainly cause soft tissue damage such as anterior cruciate ligament rupture, rotator cuff tear, Achilles’ tendon tear, meniscus tear and ulnar collateral ligament damage. Generally, fractures and joint dislocation occur in rugby, wrestling, motor racing, skateboard sports, and other extreme sports.

The global sports medicine devices market is estimated to account for US$ 8,645.3 Mn in terms of value in 2020 and is expected to reach US$ 11,656.1 Mn by the end of 2027.

Global Sports Medicine Devices Market: Drivers

Increasing prevalence of sports-related injuries is expected to propel growth of the global sports medicine devices market over the forecast period. For instance, according to the National High School Sports-Related Injury Surveillance Study 2017-2018, 1,367,490 cases of sport-related were recorded in high schools in the U.S.

Moreover, increasing number of football players is also expected to aid in growth of the market. For instance, according to FIFA’s Professional Football Report 2019, there are at least 128,983 professional football players around the world.

Increasing number of sports events is expected to propel growth of the global sports medicine devices market over the forecast period. For instance, the number of sports contested at every summer Olympic Games increased from 26 in 2012 to 28 in 2016 and 33 sports are scheduled for 2020.

Orthopedic Products held dominant position in the global sports medicine devices market in 2019, accounting for 68.5% share in terms of value, followed by Recovery Products.

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In this study, the years considered to estimate the market size of Sports Medicine Devices are as follows:

History Year: 2017-2020

Base Year: 2020

Estimated Year: 2021

Forecast Year 2021 to 2028

The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Sports Medicine Devices Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Sports Medicine Devices Market are also given.

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