The global sports medicine market will likely grow at a compound annual growth rate of 8.9 percent through 2024, according to a Data Bridge Research report.
Here are three observations:
1. The market is set to hit $34.7 billion by 2024, up from $16.6 billion in 2016.
2. A growing number of product launches and developments in regenerative medicine will boost the market.
3. In 2017, the hip and knee segments will lead the space, capturing 55 percent of the market.