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Sports medicine market worth $8.24 billion by 2022

Press releases may be edited for formatting or style | October 03, 2017 Medical Devices Ultrasound
PUNE, India, October 3, 2017 /PRNewswire/ -- According to a new market research report "Sports Medicine Market by Product (Implants, Arthroscopy, Prosthetic, Orthobiologics, Braces, Compression Clothing, Physiotherapy (Thermal, Ultrasound), Bandages & Tapes), Application (Knee, Shoulder, Elbow) - Global Forecast to 2022", published by MarketsandMarkets™, the global market is projected to reach USD 8.24 Billion by 2022 from USD 5.78 Billion in 2017, at a CAGR of 7.4% during the forecast period.

Browse 103 Market Data Tables and 32 Figures spread through 169 Pages and in-depth TOC on "Sports Medicine Market"

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The key factors driving the growth of this market include increasing incidence of sports injuries, continuous influx of new products & treatment modalities, and developments in the field of regenerative medicine. However, the high cost of orthopedic implants may hinder the growth of this market to a certain extent.

By product, the body reconstruction products segment to account for the largest share of the market in 2017

On the basis of product, the Sports Medicine Market is broadly segmented into body reconstruction products, body support & recovery products, and accessories. In 2017, the body reconstruction products segment is expected to account for the largest share of the market owing to the increasing use of fracture and ligament devices and arthroscopy devices for minimally invasive surgeries.

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The body reconstruction products segment is further categorized into implants, fracture & ligament repair devices, arthroscopy devices, prosthetics, and orthobiologics. In 2017, the fracture & ligament repair devices segment is expected to account for the largest share of the market. The body support & recovery products segment is further divided into braces and supports, compression clothing, and physiotherapy equipment. In 2017, the braces and supports segment is expected to account for the largest share of the body support & recovery products market. The physiotherapy equipment segment is further categorized into thermal therapy, electrostimulation, and other therapies.

By application, the knee injuries segment to hold the largest market share in 2017

Based on application, the market is segmented into shoulder, foot and ankle, elbow and wrist, back and spine, hip and groin, knee, and other injuries (head, face, and finger injuries). In 2017, the knee injuries segment is estimated to command the largest share of the Sports Medicine Market. Growth in the knee injuries segment can be attributed to the increasing participation in sports like football and basketball at a younger age, resulting in high prevalence of knee injuries.

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