The global Tendonitis Treatment Market size is expected to reach USD 235.4 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.8% from 2021 to 2028. Individuals are proactively participating in sporting or physical activities and the probability of sports-related injuries occurring is rising, thereby contributing to the market development and growth. The growing global geriatric population is susceptible to tendonitis or could be suffering from bone disorders, osteoporosis, rheumatoid arthritis, diabetes, and osteoarthritis. Constant innovation of technologies and therapies in treating tendonitis is contributing to the growth. Supportive government initiatives and significant investments and collaborations amongst key players to expand product offerings are boosting the market growth.
Over the past years, the growing reliance on
technologies in mapping various factors concerning sports, such as performance
assessment, training modules, and sports injuries tracking and monitoring. The
shift from proactive to preventive therapies is proving to be beneficial in
improving the health status of sports players to prevent injuries. Sporting and
physical activities are witnessing significant participation, and this paves
way for possibilities of incurring sports injuries. As per Standard Children’s
Health, in 2018, out of 30.0 million children and adolescents participating in
sports in the U.S., approximately 3.5 million incur some form of sports injury.
Furthermore, nearly 775,000 children and adolescents are treated for
sports-related injuries in the U.S. every year. Thus, increased participation
in sporting activities coupled with the growing adoption of treatment
facilities is expected to boost market growth over the forthcoming years.
The key players are increasingly investing in the
development of new innovative products to upgrade their product portfolios. The
companies are developing products to cater to the growing incidences of sports
injury in both competitive and recreational sports players. Market leaders are
implementing strategic decisions to gain a competitive edge in the market. Key
players are focusing on strengthening their business position in both developed
and emerging economies, focusing on product innovation, and supplement organic
growth through acquisitions. For instance, in March 2019, Stryker acquired
OrthoSpace Ltd. to expand its existing sporting medicine and therapy segment.
The emergence of the Covid-19 pandemic has altered the
methods of care delivery in treating tendonitis. Due to the temporary
lockdowns, travel restrictions, and high infection load in the healthcare
facilities, the market has been negatively impacted. The shortage of skilled
healthcare personnel treating tendonitis has restrained the development and
growth of the pandemic. Cancellation or postponement of sports injuries implies
a decline of sports injuries, which eventually negatively influences the
business revenue earnings. The decline in non-pharmacological therapies and
surgeries is hindering the market growth.
Related Press Release@ Tendonitis Treatment Market Report
Tendonitis Treatment Market
Report Highlights
- The market is expected to grow well over the forecast period owing
to the increasing prevalence of tendonitis and the introduction of new and
innovative therapies
- The therapy segment dominated the market in 2020 due to the rising
occurrence of sports injuries and rising awareness levels towards
non-pharmacological therapies and easy availability
- The Achilles tendonitis segment dominated the market in 2020 due to
the high occurrence of the medical condition in both competitive and
recreational sports players
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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