5 facts on the sports medicine market as it grows into an $11.6B enterprise

Written by Eric Oliver | September 12, 2016 | Print  |

The sports medicine market was valued at $5.9 billion in 2015 but that number is expected to explode to an estimated $11.6 billion by 2024, according to a report from Grand View Research.

Here's what you need to know.

 

1. The market is expected to be driven by an increase in sports related injuries worldwide. According to the U.S. Consumer Product Safety Commission, 1.9 million athletes sustained some type of sports related injury in 2012.

 

2. Injuries are expected to increase because healthy lifestyle choices are being promoted worldwide through government agencies.

 

3. The majority of the market is made up of body reconstruction and repair devices. Those two segments are also projected to see the most growth in the next eight years.

 

4. Knee-related procedures were the most performed procedure.

 

5. The Asian Pacific market is expected to see the most growth of any market because of the large amount of economic development in the past several years.

 

More news related to sports medicine:
Early treatment for femoroacetabular impingement extends athletes' careers: 5 study insights
Neurosurgeon Dr. Jack Wilberger to evaluate Steelers' concussions on field: 5 key points
Possibly coming to a TV near you: LeBron James and Dr. James Andrews developing sports medicine pilot: 4 takeaways

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