India Fantasy Sports Market: Industry Trends and Forecast 2023

ReportCrux Market Research  has published a new report titled “Fantasy Sports Market by Type (Fantasy Soccer, Fantasy Baseball, Fantasy Football, Fantasy Basketball, Fantasy Hockey, Fantasy Golf, and Other Sports); by Gender (Male, and Female); and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.Fantasy Sports Market Size:According to the report, global demand for fantasy sports market was valued at approximately USD 907.0 Million in 2019 and is expected to generate revenue of around USD 2,327.0 Million by end of 2027, growing at a CAGR of around 12.5% between 2020 and 2027.Scope The Report:The strategic alliances and partnerships with different stakeholders, increasing spending on advertising and promotions, and growing millennial interest, are the major factors responsible for the increased growth of the fantasy sports industry.

The increase in the number of sporting events organized worldwide is also among the factors driving the growth of the fantasy sports industry.

Technological developments, combined with the availability of streaming partners, are also likely to propel the fantasy sports industry further.The rising growth of OTT platforms for the fantasy sport segment is likely to show promising growth.

Fantasy sport is likely to receive a significant boost with the increase in streaming content providers and digitalization.Segmentation Analysis:The global market for the fantasy sports is segmented into type, gender, and region.

The fantasy football held almost 42% share of the market in 2019.

Considering that men have traditionally been open to sports and outdoor games, the male category accounts for the largest per gender share of the fantasy sports industry.

As sports betting and fantasy sports fever takes over the world, Leading sports and digital business companies are luring sports enthusiast by introducing fantasy web portals and fantasy sports mobile applications.

However debate over the legal aspects is also heating up and Indian law authorities have already cleared their stand over the same defining the dissimilarity fantasy sports, gambling and sports betting.

Games that involved skills to apply such as Rummy & fantasy sports aren’t covered under anti-betting laws, whereas the games of chances like the lottery, betting, flush or brag come under anti-betting law.

Through this, the fans can make their own teams by choosing the players who they think will perform better than the rest.

Fantasy sports app is just about enthusiasm, fun, passion, expectation and in particular money rewards in terms of bonus and real cash prizes a fan can get.

Furthermore, the popularity of Fantasy Sports App is expected to rise in the upcoming years.

The gap between 67% awareness and 10% adoption signifies that the future is bright for this industry in the Indian market.

2 out of 3 which means 67% of the 18 crore online Indian cricket fans are well known with the concept of fantasy sports.

Dream11 is the leading fantasy cricket sports application platform that doesn’t require any introduction amongst sports fans in India.

Sports Medicine Market Size, Share, Trend, Growth By Product (Joint Reconstructive & Repair Products, Support & Recovery Products, Accessories & Consumables, Others); By Application (Shoulder Treatment, Knee Treatment, Hip Treatment, Spine Treatment, Others); by Procedure (Tendinosis, Tendon to Bone, Cartilage Repair); By End-User (Hospitals & Emergency Care, Trauma Centers, Ambulatory Care, Others) - Global Forecast to 2023Key Players:Leading players profiled in the sports medicine market includeArthrex IncSmith & Nephew plcGE HealthcareDePuy SynthesCONMED CorporationZimmer BiometMedtronicsStrykerand others.Sports Medicine Industry Analysis Along with managing injuries, Sports Medicine uses exercise intervention as well for preventing and managing chronic diseases namely obesity, diabetes and hypertension.

The various forms of injuries that sports medicine doctors generally treat include cartilage injuries, eating disorders, concussions, heat illness, exercise-induced asthma, tendonitis, shoulder and knee injuries, fractures and ankle sprains.These days people have become more conscious about their health.

These factors as per the Market Research Future (MRFR) report include increasing incidences of injuries that are sports related, growing awareness amid people about physical fitness, government initiatives related to sports medicine, demand for surgeries that are minimally invasive, technological advancements in instruments, technologies and implants for joint repair, growing number of sports medicine centers, introduction of better and new surgical procedures and constant innovation in R On the contrary, scarcity of skilled experts in this field, inappropriate guidelines and administration concerning sports medicine and high treatment cost are factors that may deter the growth of the sports medicine market over the predicted years.Market Segmentation:MRFR report provides an extensive segmental analysis of the sports medicine market on the basis of product, application, procedure and end user.Based on product, it is segmented into accessories and consumables, support and recovery products, joint reconstructive and repair products and others.

Of these, joint reconstructive and repair products will have maximum share in the market over the predicted years.

Of these, knee treatment will dominate the market over the predicted years.Based on end user, it is segmented into ambulatory care, trauma centers, hospitals and emergency care and others.Industry Updates:April 2019- New York Presbyterian together with Columbia University Irving Medical Center physicians, lately has expanded their sports medical practice.

This 9,600 square-foot facility will deliver services for all including elite professionals, weekend warriors and high school athletes.

If you take a survey on the most entertaining apps, then the fantasy sports apps will be one among them.

With each passing day, the user base of fantasy sports apps is increasing.

The prominent reason behind the eminence of these apps is that they list different sports and also let users earn rewards.

We shall get to know about the fantasy sports app development in detail.What does the functioning of fantasy sports apps look like?In general, fantasy sports will allow users to team up with different real-time players.

For example, a user can create a team by adding the desired players.

Based on the result of the tournament or match, users will obtain the reward points.