Sports Medicine Market Increasing Demand, Growth Analysis and Outlook 2019-2024

NEW YORK - Nov. 1, 2019 - PRLog -- According to the latest report by IMARC Group, titled "Sports Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", the global sports medicine market size reached US$ 6.2 Billion in 2018.

Global Sports Medicine Market Trends:

An overall increase in the participation in sports across the globe is one of the key factors driving the market growth. Prevalence of various lifestyle and chronic diseases have resulted in increasing inclination toward a physically active lifestyle. This has consequently accelerated the participation rate in sports and associated physical activities, which in turn is driving the market for sports medicines. An increase in the organization of and participation in marathons and related sports events, which often aim to spread awareness about important issues, is also contributing to the market growth. In addition to this, the presence of opportunities like scholarships and corporate funding, as well as vast scope in the field of sports, have stimulated many individuals to choose sports as a career, which is creating a positive impact on the market growth. Other factors, such as rising preference for minimally invasive (MI) surgeries among athletes and an increase in the incidence of sports injuries, along with the growing government funding to develop new facilities and enhance the existing sports infrastructure, are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 8.8 Billion by 2024, expanding at a CAGR of 6% during 2019-2024.

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Insights on Market Segmentation:

Market Breakup by Product

1. Body Reconstruction

2. Body Support and Recovery

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Market Breakup by Application

1. Knee Injuries

2. Shoulder Injuries

3. Foot & Ankle Injuries

4. Hip & Groin Injuries

5. Elbow & Wrist Injuries

6. Back & Spine Injuries

7. Others

Market Breakup by End-User

1. Hospitals

2. Orthopedic Specialty Clinics

3. Fitness and Training Centers

4. Ambulatory Surgical Centers (ASCs)

5. Others

Market Breakup by Region

1. North America

2. Europe

3. Asia Pacific

4. Middle East and Africa

5. Latin America

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