The Sports Therapies, Medicine and Betting Market is anticipated to reach USD 7.01 Billion by 2032 at 10.5% CAGR during the forecast period 2023-2032.Sports Medicines are used for the treatment of the sports related injuries. North America commands the highest market for the sports medicines across the globe. North America sports medicine, therapies and betting market is driven by increasing prevalence of sports injuries and increasing health awareness amounts the individuals.
Increasing adoption of the sports by elderly population and increasing health care expenditure per person is also contributed the growth of market. However lack of skilled professionals and high cost of the sports injury treatment may restrain the growth of market.
Sports Therapies, Medicine and Betting is segmented on the basis of product into helping fractures heal, surgical devices, arthroscopy devices, orthopaedic braces. Helping fractures heal are further sub segmented into bone graft substitutes, bone morphogenetics proteins, visco supplementation, PRP, bone marrow concentrate and other. Surgical devices are sub segmented into plates, screws and other. Orthopaedic braces are sub segmented into knee braces, foot braces and supports and other. On the basis of area of application the market is segmented into spine, foot and knee, hip, shoulder and elbow and other. On the basis of procedures the market is segmented into tendinosis, tendon to bone and cartilage repair. And on the basis of end user they are segmented into hospitals & emergency care, trauma centres, ambulatory care and other.
Geographically, US commands the highest market for the sports medicine market. US acquires 65 % of the total North Americas sport medicine market. This growth is attributed due to technology advanced healthcare market in the region, increase sports-related injuries, increase in the physically challenging sports and increasing government initiatives. According to research shoulder and elbow is the most common type of sports injury.
Study objectives Sports Therapies, Medicine and Betting Market
The report for Sports Therapies, Medicine and Betting of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
| Attribute/Metric | Details |
| Â Market Size | Â Â 2032: USD 7.01 Billion |
| Â CAGR | Â Â 10.5% (2023-2032) |
| Â Base Year | Â Â 2022 |
| Â Forecast Period | Â Â 2023-2032 |
| Â Historical Data | Â Â 2021 |
| Â Forecast Units | Â Â Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Area Of Application, Procedure and End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Smith & Nephew plc (UK), DePuy Synthes (US), Medtronics (UK), Zimmer (US), Arthrex, Inc. (US), Stryker Corporation (US), Breg, Inc. (US), CONMED Corporation (US), Tornier N.V. (US), DonJoy, Inc. (US), Mueller Sports, Inc.(US), Ottobock Healthcare GmbH (Germany), DJO Global (US), Cramer, Inc.(US). |
| Key Market Opportunities | Increasing adoption of the sports by elderly population and Increasing health care expenditure |
| Key Market Drivers | Increasing prevalence of sports injuries and increasing health awareness amounts the individuals |
Sports Therapies, Medicine and Betting Market Highlights:
Frequently Asked Questions (FAQ) :
The North America sports medicine and therapies market forecast period is 2023 - 2032
The market is expected to register a CAGR of 10.5% over the next 10 years, according to the North America sports medicine and therapies market research.
Canada is expected to register the highest CAGR during 2022 - 2032
US held the largest share in 2021
The market size is expected to be USD 7.01 Billion by 2032.
Smith & Nephew plc (UK), Medtronics (UK), Zimmer (US), DePuy Synthes (US), Arthrex, Breg , CONMED Corporation (US), Stryker Corporation (US), are the major companies operating in the market.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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