According to the latest report by IMARC Group “Sports Medicine Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027“, The global sports medicine market size reached US$ 5.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2027, exhibiting a CAGR of 5.7% during 2022-2027.
Sports medicine refers to a branch of medicine that deals with preventing, diagnosing, and treating injuries caused due to strenuous activities. It is primarily adopted for with various sports or exercise-related injuries, such as sprains, fractures, heavy exercise-based asthma, heat illness, cartilage and disc injuries, etc. Sports medicine includes multiple treatments, such as osteopathic manipulation, rehabilitation and injections, and various products, including body reconstruction products, recovery products, body support, and accessories. These treatments help in providing comprehensive medical care to improve athletic performance and ensure faster recovery from injuries.
The growing consumer participation in sports and athletics is primarily driving the market for sports medicine. Additionally, increasing consumer health concerns and rising awareness about physical fitness among the masses has led to escalating participation in sports as a crucial part of the daily routine, thereby propelling the demand for various sports medicine products. Besides this, numerous technological advancements, such as the development of Protection, Rest, Ice, Compression, and Elevation (PRICE) therapy as the immediate treatment of sports injuries, are also creating a positive outlook for the global market.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product:
Breakup by Application:
Breakup by End-User:
Breakup by Region:
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