Through an increase in sports-related injuries and an increase in the number of people participating in sports and fitness-related activities, there has been an increase in the demand for sports medicine in recent years. The market is also expected to grow as proactive treatment for sports injuries gradually gives way to preventive treatment. The most recent estimates from the CDC show that in 2020, 54.1% of kids in the U.S. between the ages of 6 and 17 participated in sports. Additionally, according to data provided by Stanford Medicine Children's Health, there are roughly 3.5 million injuries reported in the U.S. each year involving people aged 14 or younger. The high percentage of kids who play sports, along with the rise in the number of injuries, is creating significant demand for sports medicine products.
According to Data Bridge Market Research, Sports Medicine Market was USD 1.50 billion in 2022, would rocket up to USD 2.69 billion by 2030, and is expected to undergo a CAGR of 7.55% during the forecast period 2023 to 2030.
"Sports-related injuries are more common and drives market growth"
Sports injuries are very common in Asia and the Pacific. For instance, 725 injuries were sustained by 430 athletes at the Asian Summer Games in Guangzhou in 2010. A total of 288 new injuries were sustained by 209 athletes, for a rate of 45.5 injuries per 1,000 athletes exposed. In Australia, where soccer is the most popular sport, more than 3,000 athletes from more than 13,000 clubs an average of 22 players per team were admitted to hospitals between 2011 and 2012. Over 36,000 Australians aged 15 and older were admitted to hospitals during the anticipated time due to sports-related injuries. The high rate of sports injuries in the area will likely be what drives the country's sports medicine market.
What restraints the growth of the sports medicine market?
"Dearth of a trained professional can impede the market growth”
The dearth of trained professionals can impede the growth of the sports medicine market. The field of sports medicine requires specialized knowledge and skills to diagnose and treat sports-related injuries and conditions. However, the limited availability of trained professionals, such as sports medicine physicians, physical therapists, and athletic trainers, can hinder the expansion of sports medicine services and limit access to quality care for athletes and sports enthusiasts.
Segmentation: Asia-Pacific Sports Medicine Market
The sports medicine market is segmented on the basis of product, application, procedure, and end user.
- On the basis of products, the sports medicine market is segmented into body reconstruction products, body support, and recovery products.
- On the basis of application, the sports medicine market is segmented into knee, hip, shoulder and elbow, foot and ankle, hand and wrist, back and spine injuries, and other injuries.
- On the basis of procedure, the sports medicine market is segmented into knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures, hand and wrist arthroscopy procedures, and others.
- On the basis of end user, the sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, others.
Regional Insights: China dominates the Asia-Pacific Sports Medicine Market
China in Asia-Pacific will grow with the highest CAGR in the forecast period because of the increased influx of new products and treatment modalities as a result of the government's active participation in encouraging sports activities. China is expected to dominate the Asia-Pacific sports medicine market, because of the country's rapid influx of athletes.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/asia-pacific-sports-medicine-market
Recent Developments in Asia-Pacific Sports Medicine Market
- In 2022, It was announced by DJO Global that its collaboration with PFATS, the Professional Football Athletic Trainers Society, had been extended. An organization for professional football athletic trainers is called the Professional Football Athletic Trainers Society (PFATS). As part of its partnership with DJO, PFATS will suggest and support particular DJO products.
- In 2020, The Regeneten Bioinductive Implant was given the CE mark approval by Smith & Nephew, enabling it to be sold in significant European markets.
The Prominent Key Players Operating in the Asia-Pacific Sports Medicine Market Include:
- Arthrex, Inc (U.S.)
- Smith+Nephew (U.K.)
- Stryker (U.S.)
- Breg Inc. (U.S.)
- DJO LLC (U.S.)
- Mueller Sports Medicine, Inc (U.S.)
- Wright Medical Group N.V. (U.S.)
- Medtronic (Ireland)
- RTI Surgical (U.S.)
- Performance Health (U.S.)
- KARL STORZ (Germany)
- Bauerfeind (Germany)
- Össur (Iceland)
- MedShape (U.S.)
- Cramer Products (U.S.)
- Agilent Technologies, Inc (India)
- RôG Sports Medicine (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of sports medicine market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Asia-Pacific Sports Medicine Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
