The global sports medicine market is expected to see an 8.9 percent compounded annual growth rate from 2017 to 2024, reaching a net value of $34.7 billion by 2024.
Here are four highlights:
1. Driving market growth are the rising incidences of product launches, sports injuries and developments in the field of regenerative medicine.
2. Arthroscopic surgery is expected to influence the sports medicine market.
3. The market is segmented based on product type. Categories include orthobiologics, surgical devices, arthroscopy devices and orthopedic braces and supports.
4. Key companies in the market growth include Smith & Nephew, Arthrex, Stryker and Zimmer Biomet.