The rising health awareness and the increase in sports activities are driving the sports medicine market, which is estimated to grow at a 7.58% CAGR from 2016 to 2020.
According to the new Global Sports Medicine Market report from Research and Markets, the increase in awareness of better health via fitness is spurring people to opt to participate in fitness regimes and sports activities. This increase therefore results in higher chances of sports-related injuries, creating more demand for sports medicine services, per a media release from Research and Markets.
Further growth drivers are the rise in point-of-care testing in sports, as well as the rising demand for minimally invasive techniques.
A factor that may stunt growth in this market is the high cost of sports medicine services. This could pose a significant challenge, as most end users in developing and underdeveloped countries cannot afford branded sports medicine devices because of their high costs, which affects the overall revenue of global sports medicine devices manufacturers, the release notes.
For more information, visit Research and Markets.
[Source(s): Research and Markets, Business Wire]
