The size of the sports medicine market in Latin America is projected to be growing at a CAGR of 8.96% from 2022 to 2027. The market is predicted to be USD 1.18 billion in 2022 and USD 1.81 billion by 2027.
Sports medicine replaces carbohydrates and electrolytes lost in the body when participating in fitness and sports activities. Sports lovers and athletes consume these medicines because they are high in sodium, calcium, potassium, and chlorides.
Rapid urbanization, growing income levels, and an expanding middle-class population, especially in Brazil and Mexico, are among the primary drivers accelerating the expansion of the Latin American sports medicine market. In addition, rising consumer knowledge of the benefits of using energy medicine to improve their health and lifestyle is propelling sales even higher is expected to accelerate the market’s growth rate. In addition, the Brazilian Football Confederation (CBF) has established an internal Integrity Department to focus on match-fixing detection and prevention. These factors are further estimated to boost the market during the forecast period.
Consumer demand for energy medication may be impacted by the fact that many Latin American countries face severe economic challenges and widespread poverty, making it difficult for people to afford necessities of life. Argentina is one of the worst-affected countries, with terrible economic consequences resulting from political unrest. Unemployment, solid inflationary pressures, poverty, income inequality, production stagnation, and other major economic issues confront Latin American countries. The aforementioned factors may negatively impact the growth rate of the market.
This research report on the Latin American sports medicine market has been segmented and sub-segmented into the following categories:
By Product:
By Application:
By Country:
Geographically, Latin America accounted for a decent share in the worldwide market in 2020. As people become more aware of the health benefits of body fitness, they are more interested in staying healthy and active. Increased demand for sports and fitness medicine has resulted from increased health awareness due to active health campaigns. As a result, the need for low sugar or sugar-free sports medicine, electrolyte-rich medicine, caffeine-free medicine, energy medicine made with natural and organic ingredients, and so on is growing.
Latin American countries such as Brazil and Mexico have a huge population of young people who are the primary consumers of sports and fitness medicine; hence the market in this region is expected to see encouragement here. Brazil is the world's largest consumer of sports medicine in the Latin American region.
KEY MARKET PLAYERS:
A few of the noteworthy companies operating in the Latin American Sports Medicine Market profiled in this report are Smith & Nephew PLC., Arthrex, Inc., Össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product
5.1.1 Reconstruction and Repair
5.1.1.1 Implants
5.1.1.2 Prosthetics
5.1.1.3 Arthroscopy Devices
5.1.1.4 Fracture and Ligament Repair Products
5.1.1.5 Orthobiologics
5.1.2 Support and Recovery
5.1.2.1 Braces and Support
5.1.2.2 Thermal Therapy Products
5.1.2.3 Topical Pain Relief Products
5.1.2.4 Compression Clothing
5.1.2.5 Monitoring Devices
5.1.2.6 Other Body Support and Recovery Products
5.1.3 Accessories
5.2 By Application
5.2.1 Head Injuries
5.2.2 Shoulder Injuries
5.2.3 Elbow & Wrist Injuries
5.2.4 Back & Spine Injuries
5.2.5 Hip & Groin Injuries
5.2.6 Knee Injuries
5.2.7 Foot & Ankle Injuries
5.2.8 Other Injuries
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Smith & Nephew PLC
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Arthrex, Inc.
8.3 össur hf
8.4 Stryker Corporation
8.5 Conmed Corporation
8.6 Zimmer Biomet Holdings, Inc.
8.7 Breg, Inc.
8.8 Mueller Sports Medicine, Inc.
8.9 Tornier, Inc.
8.1 Skins International Trading AG
8.11 Wright Medical Technology, Inc.
8.12 DePuy Mitek, Inc.
8.13 3M Company Ace Brand
8.14 OttoBock Healthcare GmbH
8.15 DJO Global, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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