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Sports Medicine Market Size
Nov 03, 2020 (Market Insight Reports) —
According to the report published, the size of the global sports medicine market is forecasted to worth USD 10.67 Billion by the end of 2025, registering a CAGR of 8.1% from 2020 to 2025.
Key Market Drivers
The significant factor contributing most to the market growth is growing cases of sports injuries due to the increasing population and rising awareness about the benefits of playing sport. Technological advancement in sports medicine equipment is the key to the development of this market during the forecast period. The growing focus of private and government institutions to build better sports infrastructure will boost the growth of the sports medicine market. The increasing scholarships and corporate funds for the development of players will positively influence the market. A shift from proactive to preventive care for sports injuries is further expected to drive the market for sports medicine over the forecast period.
Browse TOC and other details of the global sports medicine market research report that spread through 160 pages @https://www.marketdataforecast.com/market-reports/sports-medicine-market
The key factor hindering the growth of the market is the rise in product recalls related to sports medicine equipment. The lack of healthcare infrastructure at some places due to low awareness and fewer government initiatives is also restraining the market growth. A lack of sporting culture and the high cost of medicines are also factoring responsible for the slow development of sports medicine in some countries.
Impact of Covid-19 On the Global Sports Medicine Market:
COVID-19 is expected to negatively impact the market during the forecast period. The surge in cases of positive corona cases all across the world has forced the governments to impose the lockdown to restrict the virus spread. This halted the sports-related activities for approximately eight months and severely impacted the revenue of the sports medicine market. As the restrictions are getting lifted, we can see more sports-related activities like football and cricket and thus increasing the demand for sports medicine products. However, the fear of the second wave of coronavirus may lead to stricter lockdown in many countries and negatively impacting the market growth rate.
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This research report on the global sports medicine market has been segmented & sub-segmented into the following categories:
Reconstruction and Repair
- Arthroscopy Devices
- Fracture and Ligament Repair Products
Support and Recovery
- Braces and Support
- Thermal Therapy Products
- Topical Pain Relief Products
- Compression Clothing
- Monitoring Devices
- Other Body Support and Recovery Products
- Head Injuries
- Shoulder Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Hip and Groin Injuries
- Knee Injuries
- Foot and Ankle Injuries
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
North America dominated the global sports medicine market in terms of revenue in 2019 and is