Orthopedics and sports medicine market size – USD 5.19 billion in 2019, market growth – CAGR of 5.6%
VANCOUER, BC, CANADA, April 18, 2022 /EINPresswire.com/ — The Global Orthopedics and Sports Medicine Market Report presents comprehensive insights covering relevant data for businesses and investors for the period 2020 -2027. The report studies the historical data of the Orthopedics and Sports Medicine market and offers valuable insights into key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast industry estimate of the Orthopedics and Sports Medicine Market based on recent technological advancements and research.
The global orthopedics and sports medicine market is expected to reach $8.05 billion by 2027, according to a new report from Emergen Research. Sports medicine is usually taken to prevent injuries and also for the healing, recovery and restoration of injuries in athletes during sports/games. The products are used by athletes to improve their condition during injuries and to prevent future injury progression.
The increase in the prevalence of sports injuries is a major factor in the growth of the market. Injuries include various types of strains and sprains. It also includes spondylolysis and spondylolisthesis, spurs, disc damage, and Scheuermann’s disease. Sports medicine has had a satisfying growth among other health fields because these treatments can also be given to other people and not just athletes. The prolonged increase in demand for sports medicine is due to an increase in sports injuries.
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The Asia-Pacific regional segment of the market is expected to remain the highest growing segment over the period 2020-2027 growing at a CAGR of 5.9% owing to the increase in fitness initiatives by the individuals and funding provided by government organizations.
The research report offers key insights into the strengths and weaknesses of key market players assessed using Porter’s Five Forces and SWOT analyses. The report includes orthopedics and sports medicine market segmentation on the basis of product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast period. Key Companies Featured in the Report Arthrex, Inc., Smith & Nephew plc, Stryker Corporation, Breg Inc., DJO Global, Inc., Mueller Sports, Inc., Wright Medical Group NV, Medtronic, RTI Surgical, Performance Health International Limited, KARL STORZ and Bauerfeind AG, among others.
Other main findings of the report
Improved state-of-the-art orthopedic treatments involving stem cell therapy have contributed to pain relief and also recovery time. It eliminates the need for medications and invasive surgery, such as joint replacements, which increases mobility. The regenerative medicine segment is expected to grow with a CAGR of 36.4% during the forecast period.
The hospital held a larger market share due to the growing preference for stem cell therapies in these institutions. Hospitals are affiliated with academic institutes and research laboratories for the development of new therapies. Hospitals are implementing the latest findings.
North America will account for the largest share of the global stem cell market. The major contribution will come from the United States, and the region will experience strong growth due to increased funding from private and government companies for clinical trials.
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The report makes an accurate estimation of the growth prospects of various market segments by studying the current market scenario, past performance, supply and demand ratio, production, consumption, sales, and generation of revenues of major players in the coming years. The market segmentation provides a 360° view of the Orthopedics and Sports Medicine market industry, which proves beneficial for readers interested in this sector.
Segments covered in the report:
For the purposes of this report, Emergen Research has segmented the global sports medicine market on the basis of products, applications, body monitoring and assessment devices, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Body reconstruction products
Fracture and ligament repair products
Body support and recovery products
Braces and Supports
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Geographic segment covered in the report:
The Orthopedics and Sports Medicine market provides information about the market area, which is sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.
North America (USA and Canada)
Europe (UK, Germany, France and Rest of Europe)
Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East and Africa (GCC and Rest of Middle East and Africa)
Answers to key questions in the report:
Who are the top five players in the Orthopedics and Sports Medicine market?
How will the orthopedics and sports medicine market evolve over the next five years?
Which product and which application will capture the lion’s share of the Orthopedics and Sports Medicine market?
What are the drivers and restraints of the Orthopedics and Sports Medicine market?
Which regional market will show the strongest growth?
What will be the CAGR and size of the Orthopedics and Sports Medicine market throughout the forecast period?
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