April 30, 2015
Wellesley, Mass., April 30, 2015 –BCC Research reveals in its new report on sports medicine that new technologies and stronger competition are moving the sports medicine market into a new direction. The growing incidence of sports-related injuries as more people increasingly participate in sports, along with rising research and development funding, have spurred market growth, as well.
The global sports medicine market is expected to reach $43.3 billion in 2019 at a compound annual growth rate (CAGR) of 6.8%. Body reconstruction and repair is the largest segment in terms of revenues, followed by body support and recovery, monitoring devices, painkillers and accessories, respectively. The use of sports medicine products should increase in the next few years due to an increase in sports activities and awareness among people to be fit and active.
Sports medicine has revolutionized research into various conditions, paving the way for a new class of drugs that allow for highly specific treatment, prevention and control conditions for many global sports-related injuries and diseases.
“With the globalization of sports, sports medicine plays a prominent role in a sportsperson’s vital statistics, monitoring and diagnostics by maintaining balance between body exhaustion and recovery,” says BCC Research analyst Shalini S. Dewan. “The recovery procedures not only focus on quick recoveries from injuries, but also include continuous checks to avoid any further damage to the injured joint or ligament.”
Sports Medicine: Technologies and Global Markets examines present and future strategies within different sports medicine market product segments, including body support and recovery products such as braces hot/cold therapy, painkillers/anti-inflammatory drugs and compression systems. Also, monitoring devices and accessories such as bandages, tapes and wraps are presented, along with a summary estimate of sales by region during the forecast period.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
Sports Medicine: Technologies and Global Markets( HLC183A )
Publish Date: Mar 2015
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