Business Services News

Business Services News

Breaking News on Business Services

Home > Business Services Search Engine                                 

Business Services News -- Video Feeds
  • Advertising
  • Careers
  • Corporate news
  • Economy
  • Markets
  • Small Business
  • Personal Finance
  • Regulatory and Compliance
  • Business News

    Sports Medicine Market, Impact of COVID-19, By Product Type, Companies, Global Forecast by 2027
    (I-BusinessNews.Com, October 19, 2021 ) Sports medicine is a type of medicine that focuses on improving people's athletic abilities. Sport medicine products aid in the recovery of injuries as well as the prevention of future injuries. Furthermore, sports medicine has outgrown all other healthcare fields in terms of growth, as healthcare practitioners in this sector can treat a wide range of people, not only athletes. The growing incidence of sports-related injuries and increased public awareness regarding physical fitness has surged in demand for the sports medicine market across the world. According to Renub Research, Global Sports Medicine Market was valued at US$ 12.1 Billion in 2027.

    Worldwide Sports Medicine Industry has been divided into Orthopedics Devices, Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation and Accessories. By Product, Body reconstruction and repair products have generated the highest revenue among all. The increased demand for arthroscopy devices and an increase in transition from conventional open surgeries to minimally invasive surgeries employing orthobiologics are influencing this segment market. The growing use of fracture and ligament repair devices and the increasing utilization of arthroscopy equipment in minimally invasive procedures were credited with huge market share growth. As per our research findings, the market for sports medicine will grow with a healthy CAGR of 7.70% during 2021-2027.

    Request a Free Sample Copy of the Report:

    By Application

    Sports Medicine is most used for Knee Injuries as Knee injuries are one of the most prevalent injuries sustained when participating in sports or other physical activity. This is because excessive running and jumping causes knee joint wear and strain. Knee injuries are quite common, according to the British Journal of Sports Medicine, accounting for roughly 41% of all sports injuries. Orthopaedic clinics use most sports medicine due to the increase of these types of injuries. As per this research report, Worldwide Sports Medicine Market Size was US$ 7.2 Billion in 2020.

    Factors Driving Sports Medicine demand Globally

    • Rising prevalence of sports injuries
    • Continual invention of new goods and treatment modalities
    • And increased desire for less invasive operations are all driving the industry forward.

    Facts about Sports Medicine

    • According to a February 2020 article by Sarah Megginson, 89 per cent of Australian adults participate in sports every year, with 62 percent doing so at least three times per week.
    • The demand for injury treatment and rehabilitation is predicted to rise around the world as more people participate in sports (both children and adults) and as the incidence of sports injuries will increase.

    This is viewed as a favorable indicator of the sports medicine market's expansion. However, one of the significant challenges the global sports medicine market faces is the high cost of implants. Many developing countries, such as India, where patients do not have insurance coverage, it is hard for them to pay such a big amount to hospitals for their treatment.

    COVID- 19 Impacts

    Most international, regional, and national sports activities have been postponed to combat the disease, resulting in fewer sports injuries and, as a result, a decrease in demand for sports medicine. For example, the emergence of COVID-19 in April 2020, the Confederation of African Football stated their intention to move the African Champions League semi-finals. But the market will recover in 2021 and will increase during the forecast period as per Renub Research anticipation.

    Renub Research new report titled “Global Sports Medicine Market by Product (Orthopedics Devices, Body Support & Recovery, Body Reconstruction & Repair, Body Monitoring & Evaluation and Accessories), Application (Hand & wrist, Shoulder Injury, Ankle - foot Injury, Arm - elbow Injury , Knee Injury, Back - spine Injury and Hip - groin Injury) End Users (Hospitals, Ambulatory, Clinics and Other), Region (North America, Asia- Pacific’s, Europe, ROW), Company (ZIMMER BIOMET HOLDINGS, INC., MEDTRONIC PLC, Smith & Nephew, Stryker) provides comprehensive details about Global Sports Medicine industry.

    Follow the link for the full report with detailed TOC and list of figures and tables:

    Product Type –Market breakup from 5 viewpoints

    1. Orthopedics Devices
    2. Body Reconstruction & Repair
    3. Body Support & Recovery
    4. Body Monitoring & Evaluation
    5. Accessories

    Application – Market breakup from 7 viewpoints

    1. Hand & wrist
    2. Shoulder Injury
    3. Ankle - foot Injury
    4. Arm - elbow Injury
    5. Knee Injury
    6. Back - spine Injury
    7. Hip - groin Injury

    End Users– Market breakup from 4 viewpoints

    1. Hospitals
    2. Ambulatory
    3. Clinics
    4. Other

    Region – Market breakup from 5 viewpoints

    1. North America
    2. Europe
    3. Asia Pacific
    4. Rest of World

    All companies have been covered from 3 viewpoints

    • Overviews
    • Recent Developments
    • Financial Insights

    Company Analysis

    3. Smith & Nephew
    4. Stryker

    Industry Related Reports:

    Epilepsy Drugs Market:

    Clinical Trial Market:

    Hair Transplant Market:

    United States Generic Drugs Market:

    Allergic Conjunctivitis Market:

    Australia Diabetes Market:

    About the Company:

    Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers, and executives to make informed and correct decisions.

    Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

    Contact Us:
    Renub Research
    Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
    Follow on Linkedin:

    Renub Research

    Rajat Gupta

    Market Research, Bus

    Source: EmailWire.Com


    Business News Feeds
  • Business News - Top Stories
  • Company Earnings
  • Economy
  • Personal Finance
  • Real Estate
  • Stock Markets
  • Business Services Sponsors

    Business Services Ads

    Business Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    CIO Insight
    Managed Healthcare Executive
    Mortgage Technology

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at

    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-BusinessNews.Com is a business news service of GroupWeb Media LLC