The North America sports medicine market is projected to generate $5.65 billion by 2026.
What you should know:
1. The market will experience an estimated compound annual growth rate of 5.7 percent from 2019-26.
2. Three factors driving market growth are:
- Increasing prevalence of sports-related injuries
- Increasing government encouragement of sports activities
- Increasing awareness about physical fitness
3. Three factors hampering market growth are:
- Unfavorable reimbursement policies
- Lack of skilled professionals in sports medicine
- "Inappropriate administration and guidelines" concerning sports medicine