The global sports medicine market is anticipated to cross USD 10.07 billion by 2025, growing at a CAGR of over 6.0%. rising number of sports injuries during events as well as increasing number of incidences across gyms and fitness centers is anticipated to drive the market growth in coming years.
A sprain is ligament strain injury which supports the ankle. The outer ankle ligaments are the most often damaged when the foot is twisted inwards (inverted). A “lateral” sprain of the ankle is a strain injury to the ligaments in the outer / lower ankle region. It most often happens as the foot is bent backwards in an inversion fracture.
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Sports Medicine: Incorporation of EHR and EMR for Digital Data Access Aid Predictive Insights
Data analytics to pursue predictive analytics for early detection and prevention of sports related trauma is a new development emerging in sports medicine market. In this regard, several high value commercial agreements, collaborations and M&A are taking place to mark new beginnings in sports medicine. IN a recent development, evidence-based athlete management and patient care institution, Empericus has collaborated with Health Language to attain data insights, necessary for sports medicine. Empericus will henceforth have an improved health intelligence platform thus having a real time access to athletes’ EHR which will further expedite new offerings in sports medicine. Digital data integration in sports medicine is estimated to have favorable outcome on health.
International Conferences and Events Encourage Vital Advances in Sport Medicine Development
Regular conferences and gatherings held globally to understand the importance of sports medicine and their role in maintaining thorough wellbeing of the players further encourage advances in sports medicine development and improvisation. UPMC had recently launched an online event attended by leading personalities such as medical practitioners, specialists and physiotherapists to shed light on injury management and rehabilitation of the players to encourage quick resumption.
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UPMA Inaugurates Maiden Sports Medicine Center in Ireland’s Waterford Institute of technology
UPMA is a dedicated center for sports medicine that primarily encourages rapid advances in sports medicine and orthopedic surgery. Mid-November last year the organization has unveiled its maiden sports medicine clinic in Ireland’s Waterford Institute of technology. The development is its novel sports venture marking its international presence and is poised to serve as an ideal destination of sports medicine to patient pools across the southeastern stretch of Ireland. The development is in place to support athletes and their needs for early recovery as well as overall prevention on injury with its predictive medicine offerings.
In terms of regional markets, Asia Pacific is likely to emerge as the most favorable regional market by 2025. Increasing awareness regarding available product coupled with emergence of medical robots in developing countries is anticipated to drive the demand for medical procedures for treating injuries within the region.
Key vendors in the market include Zimmer Biomet, DJO Global, Wright Group N.V., and many more. Key vendors are concentrating on mergers and acquisition as their strategy to maintain and improve their market position. For instance, Wright Medical Group N.V. acquired Cartiva in October. This acquisition helped the company to strengthen its foot and ankle product portfolio.
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Key segments of the global sports medicine market
Type Overview, 2015-2025 (USD Million)
- Body Reconstruction & Repair
- Surgical Equipment
- Soft Tissue Repair
- Bone Reconstruction Devices
- Body Support & Recovery
- Braces and Other Support Devices
- Compression Clothing
- Hot & Cold Therapy
- Body Monitoring & Evaluation
Application Overview, 2015-2025 (USD Million)
- Ankle & Foot
- Back & Spine
- Elbow & Wrist
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
What does the report include?
- The study on the global sports medicine market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
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