Russia Sports Medicine Market Outlook

russia has a long history of involvement in the field of sports medicine, stretching back to the 1900 olympics in st. petersburg. of all the sports medicine markets, the russian market is one of the most promising due to its geographical size and competitive world class athletes. with the ongoing increase in olympic and paralympic-level sport activity, and the ever increasing financial investment in the sport by the government of russia, the demand for sports medicine services is growing exponentially. the sports medicine market in russia is driven by high demand from the government, amateur sports, professional sports as well as specific sports organizations and institutions. the demand is set to increase even further with the forthcoming fifa world cup in 2018 and the recently hosted g20 summit in st. petersburg. this has resulted in russia becoming the third largest global market for sports medicine after the usa and china. sports medicine is an interdisciplinary field that integrates medicine, sports science, and tests athletes physical skills and abilities, to determine their fitness for sports. among all the sports medicine services, fitness screening, diagnosis and management of injuries and complications are the most frequently provided. the future of the sport medicine market growth in the russian federation is highly dependent on the growth of sports industry, investment in the athletes and the increasing interest of the population in exercising and involving in competitive sports. in order to meet the increasing demand for the sport medicine services, there is a requirement for well-trained sports medicine professionals and specialized equipments. this can be best provided by the academic institutions, research and development centers, which will have a positive impact on the job prospects of the medical specialists. moreover, medical technology and biotechnology developments will have a significant impact on the russian sports medicine market. the increasing trend of wearable technologies and the introduction of trackers designed to measure athlete’s performance and physical activities will further propel the market growth. the demand for sports medicine in russia is expected to remain high in the foreseeable future, driven primarily by increased sports activities at both amateur and professional levels. with the government’s increased investment in the sports industry, there exists a great potential for the development of russian sports medicine market for the next decade.