DUBLIN, July 21, 2023 /PRNewswire/ — The “Sports activities Drugs Gadgets International Market Report 2023” report has been added to ResearchAndMarkets.com’s providing.
The market is projected to develop from $6.86 billion in 2022 to $7.44 billion in 2023, at a compound annual development charge (CAGR) of 8.4%. Moreover, the market is anticipated to succeed in $9.85 billion by 2027, with a CAGR of seven.2%.
Main gamers within the sports activities medication system market embody Arthrex Inc., Conmed Company, DJO LLC, Johnson & Johnson Companies Inc., Stryker, Smith+Nephew, Mueller Sports activities Drugs Inc., Zimmer Biomet, Wright Medical Group NV, Orthofix US LLC., Karl Storz SE & Co. KG, RTI Surgical, Medtronic, Santen Pharmaceutical Co. Ltd., and Kubota Pharmaceutical Holdings Co. Ltd.
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Sports activities medication units seek advice from units that assist within the restoration of sufferers from accidents sustained whereas taking part in sports activities, train, or different bodily actions. These units are used to forestall and deal with musculoskeletal points akin to sprains, strains, fractures, ligament repairs, repetitive movement accidents, and higher and decrease again ache ensuing from sports activities actions.
The principle merchandise within the sports activities medication system market embody orthopedic units, physique reconstruction and restore units, physique help and restoration units, physique monitoring and analysis units, and equipment. Orthopedic units seek advice from specialised gear designed to deal with deformities or preserve and restore the performance of the human skeleton, its joints, and associated elements.
Orthopedic merchandise embody synthetic joint implants, arthroscopy units, fracture restore units, prostheses, and orthobiologic restoration and help merchandise akin to braces, efficiency monitoring units, equipment, and extra. The units are utilized in varied end-user settings akin to ambulatory surgical facilities, hospitals, orthopedic clinics, and others, to deal with accidents within the knee, shoulder, ankle-foot, back-spine, hand-wrist, hip-groin, and arm-elbow areas.
Technological development is a key pattern gaining recognition within the sports activities medication system market. Main firms working within the sports activities medication system market are targeted on growing new applied sciences to enhance therapy outcomes. As an illustration, in September 2021, UK-based medical expertise firm Smith & Nephew launched the JOURNEY II Medial Dished (MD). This product stands out for its capability to offer extra regular kinematics whatever the state or absence of the posterior cruciate ligament (PCL). All the JOURNEY II assortment is designed to imitate the conventional kinds, postures, and mobility of a wholesome knee, enhancing affected person outcomes.
North America was the biggest area within the sports activities medication system market in 2022, with Asia-Pacific anticipated to expertise important development within the forecast interval. The areas lined within the report embody Asia-Pacific, Western Europe, Jap Europe, North America, South America, Center East, and Africa. Key international locations analyzed within the report embody Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The rise in sports activities accidents is anticipated to spice up the expansion of the sports activities medication system market. Sports activities accidents refer to varied varieties of wounds generally occurring throughout athletic actions. Sports activities medication units are used not just for harm therapy but additionally for efficiency coaching, bodily remedy, and harm prevention. Therefore, the rise in sports activities accidents is anticipated to drive the sports activities medication system market.
As an illustration, in line with a report printed by the Nationwide Security Council (NSC) within the US, accidents from sports activities and recreation elevated by 20% in 2021. Accidents occurring whereas utilizing leisure and leisure tools required emergency take care of 3.2 million individuals in 2021. Males are harmed roughly twice as usually as females (2,158,887 females vs. 4,148,404 males), and 91% of harm victims are handled and launched from emergency departments in 2021. Due to this fact, the rise in sports activities accidents is driving the expansion of the sports activities medication system market.
The sports activities medication system market consists of gross sales of pedometers, accelerometers, coronary heart charge screens, sleep screens, and different associated units. The market worth contains the worth of products offered by the producers or creators of the units, whether or not to different entities (together with downstream producers, wholesalers, distributors, and retailers) or immediately to finish prospects. The worth of products on this market contains associated companies offered by the creators of the units.
Key Subjects Coated:
1. Govt Abstract
2. Sports activities Drugs Gadgets Market Traits
3. Sports activities Drugs Gadgets Market Tendencies And Methods
4. Sports activities Drugs Gadgets Market – Macro Financial State of affairs
4.1. COVID-19 Affect On Sports activities Drugs Gadgets Market
4.2. Ukraine-Russia Conflict Affect On Sports activities Drugs Gadgets Market
4.3. Affect Of Excessive Inflation On Sports activities Drugs Gadgets Market
5. Sports activities Drugs Gadgets Market Measurement And Development
5.1. International Sports activities Drugs Gadgets Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. International Sports activities Drugs Gadgets Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Sports activities Drugs Gadgets Market Segmentation
6.1. International Sports activities Drugs Gadgets Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Orthopedic Gadgets
Physique Reconstruction And Restore
Physique Help And Restoration
Physique Monitoring And Analysis
Equipment
6.2. International Sports activities Drugs Gadgets Market, Segmentation By Orthopedic Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Synthetic Joint Implants
Arthroscopy Gadgets
Fracture Restore Gadgets
Prosthesis
Orthobiologic
6.3. International Sports activities Drugs Gadgets Market, Segmentation By Restoration And Help Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Braces
Efficiency Monitoring Gadgets
Equipment
Different Restoration Merchandise
6.4. International Sports activities Drugs Gadgets Market, Segmentation By Software, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Knee Damage
Shoulder Damage
Ankle-Foot Damage
Again-Backbone Damage
Hand-Wrist Damage
Hip-Groin Damage
Arm-Elbow Damage
6.5. International Sports activities Drugs Gadgets Market, Segmentation By Finish Customers, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Ambulatory Surgical Facilities
Hospitals
Orthopaedic Clinics
Different Finish Customers
7. Sports activities Drugs Gadgets Market Regional And Nation Evaluation
7.1. International Sports activities Drugs Gadgets Market, Break up By Area, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. International Sports activities Drugs Gadgets Market, Break up By Nation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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