The global sports medicine market will see rapid growth over the next few years, according to analysis published by Market Research Store.
Here are six key trends:
1. The market was valued at $31.5 billion in 2014.
2. It is expected to reach $53.6 billion in 2022.
3. It will grow at a compound annual growth rate of 6.8 percent.
4. Key factors driving the market include the increasing number of sports injury cases and the gaining popularity of western sports.
5. On the other hand, factors such as lack of trained professionals and cost of certain products are likely to stem the market growth.
6. Some key players in the market are Arthrex, Biomet, Stryker, DJO Global, Zimmer, Smith & Nephews and Xiros.