According to the latest report by IMARC Group “United States Sports Medicine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The United States sports medicine market size reached US$ 2,411.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,139.7 Million by 2027, exhibiting a growth rate (CAGR) of 4.3% during 2022-2027.
Sports medicine is the branch of medicine that deals with the treatment of sports-related injuries, such as sprains, strains, fractures, exercise-related asthma, and cartilage and disc injuries. It includes rehabilitation, primary care, wellness promotion, therapeutic intervention, injury and illness prevention, and emergency care. As a result, it provides comprehensive medical care to athletes to improve their overall health and performances while ensuring their fast recovery from sports and exercise-related injuries.
Market Trends:
The market in the United States (US) is primarily driven by the rising health consciousness among individuals, which has led to increased participation in sports-related activities. Along with this, continual technological advancements across the country are positively influencing market growth. For instance, the increasing deployment of virtual reality (VR), augmented reality (AR) technologies, anti-gravity treadmill, and compression and elevation (PRICE) therapy in the field of sports medicine is creating a positive outlook for the market. Some of the other factors contributing to the market growth include the rising preference for minimally invasive (MI) procedures among athletes and the presence of multiple opportunities in the field of sports in terms of scholarships and corporate funding.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product: