DUBAI, U.A.E., May 18, 2021 /PRNewswire/ — ESOMAR-certified Future Market Insights’ recent sports medicine market report forecasts a healthy growth outlook through 2021 and beyond. The market is projected to expand at over 7.5% CAGR through 2031. It is expected to be driven by increasing application in the treatment of knee, shoulder and ankle foot injuries to cater the manufacturer’s growth. Despite facing a slight drawback with the onset of COVID-19, future projections indicate a positive growth through 2021 and beyond.
Furthermore, active participation in sports activity has increased the incidence of sports injuries. FMI evaluates, body reconstruction is the leading segment and is expected to propel the market growth through 2021 & beyond. According to a recent survey by Centers of Disease Control and Prevention, 34.7% of the sports related injuries are rotator cuff tears or injures that needs to reconstruct by severe therapy or surgery. Rising cases of sports injuries will continue inducing growth prospects for the market.
«In order to gain competitive edge, the market players are focusing on various expansion strategies. Among these, product launches will remain highly sought-after,» remarks the FMI analyst.
Request a report sample with 170 pages to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-5173
- Body reconstruction is expected to lead the market in terms of product type through 2031
- Knee injuries is expected to retain the dominance throughout the forecast period
- United States to be the largest market for sports medicine in North America
- Germany is expected to lead the world’s second largest sports medicine market in Europe, sustaining the growth through 2021 & beyond
- China to be one of the most lucrative market in Asia Pacific
- India is expected to emerge as a lucrative market in sports medicine industry
- Growing participation in sports as well as active participation in other physical activities has increased the number of sports injuries, propelling the demand for sports medicine
- Rising incidence of ligaments tear and fractures is high among sports personalities which is prompting the manufacturers to constantly develop new and advanced medicine for fast recovery
- Developments in the field of regenerative medicine is a key driver for the growth of sports medicine
- High cost of orthopedic implants may hamper the growth of sports medicine market
- Lack of skilled professionals is expected to create a challenge for market players in the forecast period
Discover more about the sports medicine market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/reports/sports-medicine-market
Breg Inc., Johnson & Johnson, Medtronic PLC, Wright Medical Group NV, Mueller Sports Medicine Inc., Zimmer Biomet Holdings Inc., CONMED Corporation, Stryker Corporation, Smith & Nephew PLC, and Arthrex Inc. among others. Majority of these players are emphasizing on diversifying their products further.
For instance, in May 2020, Orteq Sports Medicine announced the publication of 5-year multi-center clinical data for the Acifit meniscal scaffold in the American Journal of Sports Medicine and received approval from US Food and Drug Administration.
Also, in June 2020, Smith & Nephew received the CE mark approval for Regeneten Bioinductive Implant, advanced healing solution for biological enhancement and tendon regeneration across all rotator cuff tear types.
More Insights on FMI’s Sports Medicine Market
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016-2020 and forecast from 2021-2031. The global sports medicine market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on sports medicine market on basis of product type (body reconstruction, body support & recovery, body monitoring & evaluation, and accessories), application (knee injuries, shoulder injuries, ankle & foot injuries, back & spine injuries, elbow & wrist injuries, hip injuries, and other applications) across North America, Europe, Latin America, East Asia, South Asia, Oceania and Middle East and Africa.
Get Access to Research Methodology Prepared by Experts>>> https://www.futuremarketinsights.com/ask-question/rep-gb-5173
Explore FMI’s Extensive Coverage on Healthcare Domain
Pediatric Sports Medicine Market: In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for pediatric sports medicine market. The report tracks the global sales of pediatric sports medicine in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on sports medicine in general, and single-pediatric sports medicine in particular.
Orthomolecular Medicine Market: The global orthomolecular medicine market report by FMI sheds light on the important growth dynamics expected to prevail across the 2021-2031 assessment period. Statistics of key segments have been provided across prominent geographies, along with a detailed mapping of the global competitive landscape, rendering this insight a highly effectual one.
Personalized Medicine Market: In its new report, the Future Market Insights (FMI) offers an exhaustive overview of the global personalized medicine market with focus on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the global advanced wound debridement products market structure. The market study presents exclusive information about how the market will grow during the forecast period.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: firstname.lastname@example.org
For Media Enquiries: email@example.com
Press Release Source: https://www.futuremarketinsights.com/press-release/sports-medicine-market
SOURCE Future Market Insights