Sports Medicine — Targeting Sports-Related Injuries for Faster Recovery
Sports today is being widely adopted as a career across the globe. In addition to maintaining the health and fitness level, practicing sports also enhances the social and team building skills, and the overall personality. With more people incorporating different forms of sports and physical activities in their lifestyle, the cases of sports-related injuries have also increased.
Sprains, knee injuries, fractures, and dislocations are some of the common sports injuries. However, every injury has different symptoms and complications and requires specific treatment. To address these issues, the healthcare industry has created the branch of sports medicine.
To analyze the growth of the sports medicine market, BIS Research recently published a market intelligence report titled “Global Sports Medicine Market — Analysis and Forecast (2019–2026)”, the global sports medicine market was valued at $5.99 billion in 2018 and is projected to reach $9.25 billion by 2026, growing at a CAGR of 5.64% during the forecast period, 2019–2026. In addition to the overall growth of the market, the report also discusses the three broad segments namely, product, application, and region.
Based on the product segmentation, the sports medicine market contains body reconstruction and repair devices, body support and recovery devices, and accessories. Body reconstruction and repair devices further constitute implants, repair devices, arthroscopy devices, and orthobiologics. Further in terms of application, the market is divided under knee, shoulder, foot and ankle, hip, elbow and wrist, and others.
As per the report published by BIS Research, the report analyzes the market for five prominent regions namely, North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World. Amongst these North America is expected to hold the highest market share while Asia-Pacific is expected to grow at the fastest CAGR during the forecast period, 2019–2026.
Over years, the evolution of the sports medicine industry has led to the development of several new devices and prevention and treatment methods such as minimally invasive surgeries and procedures. The introduction of such techniques and devices have significantly reduced the in-patient time and enhanced the process of patient recovery.