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/EIN News/ -- Luton, Bedfordshire, United Kingdom, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Sports Medicine Market.
Sports Medicine Market is to grow at 5.1 % CAGR and expected to surpass USD 13.34 billion by 2029.
The rise in sports injuries, the constant infusion of new goods and treatment options, advancements in regenerative medicine, and the increased need for minimally invasive operations are the main drivers of market growth in the sports medicine Market.
Sports injuries are occurring more frequently, and individuals are participating in more sports and fitness-related activities, which is boosting the demand for sports medicine. The sports medicine market is also anticipated to grow over the projected period as proactive treatment for sports injuries gives way to preventive care. Due to an increase in sports injuries, body reconstruction products have taken over the type segment of the sports medicine market. This is because players need to take care of their body parts during sport activities and maintain them over the long term.
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The major players operating in the sports medicine market are Arthrex Inc., CONMED corporation, DJO global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V, Smith & Nephew Plc., Stryker Corporation, Wright Medical group, and Zimmer Biomet Holdings Inc.
Sports Medicine Market by Product, 2020-2029
Sports Medicine Market by Application, 2020-2029
Browse Full Sports Medicine Market Report:- https://exactitudeconsultancy.com/reports/5734/sports-medicine-market/
Development of Technologically Advanced Treatment Devices in The Region Will Drive the Market Statistics
In 2021, the North American sports medicine market accounted for almost 35% of total revenue. Rapid product uptake will occur across the region as a result of the presence of key market participants, favourable reimbursement situations, an increase in medical facilities, and expanding investments in the development of sports medicine. Additionally, one of the main factors influencing the size of the regional market is the well-developed healthcare infrastructure along with the rising usage of technologically advanced technologies to treat sports injuries.
For instance, Stryker Corporation installed almost 650 Mako surgical robots globally in 2018 and completed more than 76,900 robotic hip and knee replacement surgeries. The regional industry projections will be fueled by an increase in government initiatives as well as increased investment for research and development of cutting-edge treatment solutions.
The increasing use of wearable technology, such as fitness bands, to track athletes' stress levels and prevent athlete fatigue and injury issues has contributed to the market's growth.
Due to an increase in sports injuries and the number of people engaging in athletic and fitness activities, there is a rising demand for sports medicine. The market is expected to grow over the forecast period as a result of the switch from a strategic approach to preventative care for sports-related injuries.
The market's expansion is significantly constrained by the high cost of implant materials. In nations like India, where only a small percentage of the population has access to health insurance, a pricey implant poses a serious threat to the market's expansion. Since orthopaedic surgeons undertake the majority of operations for sports injuries, a major barrier for the business is a lack of educated orthopaedic doctors.
Additionally, it is anticipated that during the forecast period, a rise in public-private funding for focused research, an increase in children's participation in sports, and an increase in innovation and development as a result of technological advancements globally will present lucrative opportunities for market participants.
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Compression therapy is a simple and effective way to enhance vein support and increase blood flow activity in the lower limbs. It’s a type of wound care that uses specially made stockings to gently apply pressure to the ankles and legs. Edema and other venous and lymphatic diseases of the lower limb are commonly treated with it.
https://exactitudeconsultancy.com/reports/8961/compression-therapy-market
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