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The global sports medicine market size is expected to reach USD 9.86 billion by 2026. The growing cases of sport injuries in developed and developing countries will bolster healthy growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Sports Medicine Market Size, Share & Industry Analysis, By Device Type (Surgery Devices, Bone Reconstruction Devices, Body Support Devices, Others), By Application (Knee, Head & Neck, Shoulder, Ankle & Foot, Wrist & Elbow, Others) By End User (Hospitals, Specialty Clinics), and Regional Forecast, 2019-2026” the market size stood at USD 6.26 billion in 2018 and is expected to exhibit a CAGR of 5.8% between 2019 to 2026.
Partnership between Arthrex and Clemson University to Spur New Growth Opportunities
Arthrex Inc., collaborated with Clemson University on a number of research projects and is intensifying its engagement with the university through a new, two-year pilot program that will provide 10 scholarships worth USD 7,500 for students who will take courses and internships specifically tailored to the needs of the surgical device industry. The pilot program will encompass a series of courses, including Arthrex internships, and supplementary learning opportunities for increasing third-year students majoring in health sciences, bioengineering, and marketing with a duration of two years. The collaboration is expected to bolster healthy for the overall development of the sports medicine market as Arthrex is one of the most valuable strategic partners of the university, and this opportunity will enable students to skills that are essential for the surgical device industry.
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Inclination towards Sports and Physical Activities for Kids to Augur Well for the Market
The increasing incidence of sports injuries, especially in children, which includes spondylolysis and spondylolisthesis, fractures, strains and sprains, stingers, disc injury, and Scheuermann's disease will boost the sports medicine market share during the forecast period. According to the sports injury Stanford children health statistics, in the United States, about 30 million kids and teenagers participate in various organized sports. Almost one-third of all injuries incurred in childhood are sports-related injuries. Furthermore, according to National Health Statistics Reports published by CDC in 2016, an average of 8.6 million sports and recreation-related injuries were reported in the US. Moreover, the maximum injuries reported are caused in lower extremity followed by upper extremity and head and neck among children, states the lead analysts at Fortune Business Insights.
Strong Distribution Network of Arthrex. Inc. will Contribute to Healthy Growth
Arthrex. Inc. is dominating the global market due to its strong distribution network along with its strong portfolio. Various key players in the market are focused on the introduction of minimally invasive reconstruction and surgery devices, which will, in turn, have a positive impact on the sports medicine market trends. Furthermore, mergers and acquisitions among leading market players with an aim to establish a strong brand presence will bolster healthy for the sports medicine market analysis.
Some of the Prominent Players Operating in the Global Sports Medicine Market Include:
Further Report Findings:
Global Sports Medicine Market Scope
Value (USD billion)
By Device Type
By End User