Sports Medicine Market is expected to reach $ 9,655.6 million by the end of 2023; this market is projected to growing at a CAGR of 8.9 % during 2017-2023.
The World Sports Medicine Market report explores on the basis of region which is segmented into North America, Europe, Asia Pacifica and Middle East and Africa. Majority of the people are unaware of the safety measures of the sports which led to sports injury.
Sport Medicines is the medical branch that deals with the treatment, prevention and diagnosis of the injuries or illness of athletics or sportsman. Sports medicines plays an important part in the sports. The global sport medicine market is driven by increasing incident of sports injuries, increasing number of the sports medicine association, technological development and increasing awareness.
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The Sports Medicine Market report is an expert analysis report summarizes the key findings of the worldwide market in-depth. The Major Key players profiled in the report are Medtronics, Stryker, Zimmer Biomet, CONMED Corporation, DePuy Synthes, GE Healthcare, Smith & Nephew plc, Arthrex, Inc. and others. Due to lack of skilled professionals for treating paediatric sports injuries the market growth may hamper. There are limited physician available who are well experienced and trained. Limited number of doctors in sports medicines is one of the major restraining factor for this market.
North America has the largest market share of 39% in global sports medicines market and commands the largest Sports Medicine Market share in 2016 and was valued at USD 1,883.6 Million in 2016. Increasing prevalence of sports injuries and increasing number of sports medical centres in North America is responsible for the growth of the market. Europe accounts the second largest market which is followed by Asia Pacific.
Asia pacific region is expected to be the fastest growing segment with the CAGR of 9.2% during the forecasted period, due to continuous development in healthcare sector and increasing awareness about health and sports.
Sports like Football and baseball has the highest rate of injury. Beside this lack of safety and carelessness during practice or game is the major reason for occurrence of the sports injuries. On other hand high cost and unfavorable reimbursement policies may hamper the growth of the market.
According to US centers for diseases control, around 10 % of kids and teen participating in the sports suffer from minor or major type of injury and majority of the sports injury occur during 12-16 yr. of age.
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Major TOC Sports Medicine Market:
Market factor analysis
Global Sports Medicine market, by types
Global Sports Medicine market, by sensor placement
Global Sports Medicine market, by application
Global Sports Medicine market, by region
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