Global Sports Medicine Market

Sports Medicine Market Size, Share, Growth Analysis, By Product(Implants, Fracture), By Injury Type(Knee injuries, Shoulder injuries), By End-use(Hospitals, Ambulatory Surgery Centres) - Industry Forecast 2024-2031


Report ID: SQSG35A2059 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 100 | Figures: 78

Sports Medicine Market Insights

Sports Medicine Market size was valued at USD 7.37 billion in 2019 and is poised to grow from USD 7.78 billion in 2023 to USD 12.04 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

The increasing occurrences of sports injuries, the continual intake of new products and treatment methods, breakthroughs in the field of regenerative medicine, and increased demand for less invasive operations are driving growth in the sports medicine market. Growing technical breakthroughs and several new product improvements in sports medicine will drive worldwide market expansion. Rising personal health awareness, along with a major rise in government intervention in promoting and supporting sporting activities, is predicted to drive worldwide market figures. A significant increase in sports activities may result in an increase in the frequency of sports injuries.

Sports medicine is a branch of medicine focused with the treatment of injuries caused by sporting activity. A sports medicine practitioner concentrates on sports-related medical treatments. This can involve things like training and injury prevention, as well as treatments like osteopathic manipulation, rehabilitation, or injections. Athletes experiencing back discomfort caused by strain and injury from activities such as bicycle, weightlifting, running, and golf are frequently treated by sports medicine experts. The domains of many sub-disciplines of sports medicine are used in the field of physical education and sports. It is impossible to bring a sportsperson's performance to the highest level without understanding of the extent of sports medicine.

US Sports Medicine Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 7.37 billion

Largest Segment

Hospitals

Fastest Growth

Hospitals

Growth Rate

5.6% CAGR

Global Sports Medicine Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Sports Medicine Market Size by End-use, 2021-2028 ($ Bn)
Global Sports Medicine Market by End-use, 2021-2028 (%)

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Sports Medicine Market Segmental Analysis

The Global Sports Medicine Market is segmented on the basis of Product, Injury Type, End-use, and Region. Based on Product the market is segmented into Implants, Fracture and ligament repair products, Arthroscopy devices, Prosthetics, and Others. Based on injury type the market is divided into knee injuries, Shoulder injuries, Foot and ankle injuries, Back and spine injuries, Hip and groin injuries, and Others. Based on end-use the market is segmented into Hospitals, Ambulatory Surgery Centres, and Physiotherapy Centres and Clinics. Based on the region, the global Sports Medicine market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Sports Medicine Market Analysis by Product

The Fracture and ligament repair products segment is predicted to account for the greatest market share in the year 2022. During the predicted period, it is also expected to increase the quickest. The market's expansion may be linked to the fact that these goods are responsible for healing and restoring the functioning of wounded body components. Furthermore, a slew of revolutionary body reconstruction and repair solutions with extra advantages are propelling the sports medicine industry forward.

Sports Medicine Market Analysis by Application

In terms of application, the knee injuries sector will have the largest share of the sports medicine market in 2022. It is also predicted to increase the quickest throughout the projection period. This is due to an increase in the occurrence of sports-related knee injuries. Running, football, basketball, lacrosse, and skiing all have an elevated risk of knee joint damage due to the hard movements involved. Knee discomfort or damage can result from abrupt pauses, twists, and turns, or pressure placed on the knee joint when jogging.

Global Sports Medicine Market by End-use, 2021 (%), 2019 (%)

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Sports Medicine Market Regional Insights

In 2022, the North American sports medicine market had a revenue share of more than 35%. The presence of key market participants, favourable reimbursement situations, an increase in the number of medical centres, and increased investment in sports medicine development will result in rapid product acceptance throughout the area. Furthermore, enhanced healthcare infrastructure, as well as increased usage of technologically sophisticated equipment to treat sports injuries, are boosting the regional market size.

Global Sports Medicine Market By Geography, 2021 - 2028, 2024-2031
  • Largest
  • Fastest

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Sports Medicine Market Dynamics

Sports Medicine Market Driver

Sports injuries are becoming more common, which will boost market expansion.

  • Globally, the prevalence of sports injuries has grown in recent years, owing mostly to increasing engagement in sports and active participation in fitness activities. Sports participants are more likely to sustain ligament tears and fractures. Furthermore, the lower extremity accounts for a significant share of all sports injuries worldwide. With increased engagement in sports (among both children and adults) and an increase in the frequency of sports injuries, the need for injury treatment and rehabilitation is predicted to rise globally. This is regarded as a favourable sign of the sports medicine market's expansion.
  • Strains and sprains account for 42.1% of knee injuries. Contusions and abrasions account for 27.1% of all injuries, whereas lacerations and puncture wounds make up 10.5%. At 49.3%, the majority of knee injuries occur while people are participating in sports or other forms of recreation. Injuries are also frequently caused by "house structures," which account for 30.2% of all injuries, and "home furnishings," which account for 13.6% of all injuries. Males are more likely than females to harm their knees while playing basketball, whereas those 65 and older are more likely to injure their knees while maneuvering ramps, stairs, and landings.

Sports Medicine Market Restraint

Orthopaedics implants and associated equipment are expensive.

  • The high cost of implants is a key impediment to the expansion of the sports medicine business. The cost of these implants is a big worry for market expansion in countries like India, where only a tiny portion of the population is covered by insurance. With an overall average cost of more than USD 12,000 in undeveloped nations, most people are still unable to afford such a pricey therapy. Regenerative medicine procedures, including implants and prostheses, are costly.

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Sports Medicine Market Competitive Landscape

According to our research, the leading firms in the sports medicine market are focused on the development of new products and treatment techniques. To address the increasing demand for MI operations, they are investing heavily in developing and commercializing minimally invasive (MI) technologies for sports medicine and orthopaedics surgery procedures. Furthermore, prominent manufacturers are always improving their goods in order to attract new clients and increase their product range in order to enhance their market position in all key nations. Aside from that, rising public and private support for specialized research provides market participants with profitable options. Furthermore, the increasing number of product approvals, current implant developments, and technical improvements are some of the other aspects expected to contribute to a positive market outlook.

Top Players in Global Sports Medicine Market are

  • Arthrex
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet
  • DJO Global
  • Breg, Inc.
  • Mueller Sports Medicine, Inc.
  • Össur
  • DePuy Synthes Companies (a Johnson & Johnson company)
  • Cramer Products, Inc.
  • Medtronic
  • 3M Healthcare
  • Medline Industries, Inc.
  • Conmed Corporation
  • Wright Medical Group N.V.
  • Biotek Instruments, Inc.
  • RTI Surgical, Inc.
  • Integra LifeSciences Corporation
  • KARL STORZ
  • Bauerfeind AG

Sports Medicine Market Recent Developments

  • In March 2022, During the AAOS (American Academy of Orthopaedic Surgeons) 2022 Annual Meeting, Smith+Nephew announced the inclusion of Sports Medicine technology for joint repair and a linked arthroscopic tower.
  • In March 2021, AnkleSprain.com, the first patient-focused instructional website dedicated to ankle sprain therapy, was launched by Arthrex. This has aided the firm in raising public awareness of ankle sprains, which has benefited the company's customers.

Sports Medicine Key Market Trends

  • Emerging nations such as India and China have a large patient population and are likely to offer prospective development possibilities for companies in the sports medicine market, owing to rising disposable incomes (due to fast economic expansion) and increased engagement in sports and physical activities. Furthermore, governments in these nations are now pursuing projects to develop and upgrade their respective healthcare systems.
  • Sports medicine research will make significant advancements in the twenty-first century. Physicians will be able to assess whether a ligament, tendon, muscle, or joint is defective using computer technology. It will then display several surgical and/or physical therapy treatment alternatives using 3-D images. Cellular biology research in the fields of bone morphogenic proteins, biologic scaffolding, and cartilage culturing may one day allow us to treat articular cartilage lesions with cartilage autografts made from a patient's own cartilage cells. Cartilage and meniscal transplants will also be studied to see whether they can be kept, surgically implanted and if their long-term function is the same as that of the donor.

Sports Medicine Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, based on the Product segmental analysis, The accessories section is expected to expand the quickest throughout the projection period. Wraps, bandages, tapes, disinfectants, and other goods used to treat minor sports injuries are mostly included in this sector. Furthermore, Asia Pacific is expected to expand the quickest throughout the projection period, as the acceptance of sports medicine in countries such as China, Japan, and South Korea continues to rise. Furthermore, the regulatory procedure for product approvals in these nations is significantly less demanding, which has permitted the simple introduction of innovative items and medical devices into this market.

Report Metric Details
Market size value in 2019 USD 7.37 billion
Market size value in 2031 USD 12.04 billion
Growth Rate 5.6%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Implants, Fracture, ligament repair products, Arthroscopy devices, Prosthetics, Others
  • Injury Type
    • Knee injuries, Shoulder injuries, Foot, ankle injuries, Back, spine injuries, Hip, groin injuries, Others
  • End-use
    • Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres, Clinics
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Arthrex
  • Smith & Nephew
  • Stryker Corporation
  • Zimmer Biomet
  • DJO Global
  • Breg, Inc.
  • Mueller Sports Medicine, Inc.
  • Össur
  • DePuy Synthes Companies (a Johnson & Johnson company)
  • Cramer Products, Inc.
  • Medtronic
  • 3M Healthcare
  • Medline Industries, Inc.
  • Conmed Corporation
  • Wright Medical Group N.V.
  • Biotek Instruments, Inc.
  • RTI Surgical, Inc.
  • Integra LifeSciences Corporation
  • KARL STORZ
  • Bauerfeind AG

Sports Medicine Market Recent Developments

  • In March 2022, During the AAOS (American Academy of Orthopaedic Surgeons) 2022 Annual Meeting, Smith+Nephew announced the inclusion of Sports Medicine technology for joint repair and a linked arthroscopic tower.
  • In March 2021, AnkleSprain.com, the first patient-focused instructional website dedicated to ankle sprain therapy, was launched by Arthrex. This has aided the firm in raising public awareness of ankle sprains, which has benefited the company's customers.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Sports Medicine Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Sports Medicine Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Sports Medicine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sports Medicine Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sports Medicine Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Sports Medicine Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Sports Medicine Market size was valued at USD 7.37 billion in 2019 and is poised to grow from USD 7.78 billion in 2023 to USD 12.04 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

According to our research, the leading firms in the sports medicine market are focused on the development of new products and treatment techniques. To address the increasing demand for MI operations, they are investing heavily in developing and commercializing minimally invasive (MI) technologies for sports medicine and orthopaedics surgery procedures. Furthermore, prominent manufacturers are always improving their goods in order to attract new clients and increase their product range in order to enhance their market position in all key nations. Aside from that, rising public and private support for specialized research provides market participants with profitable options. Furthermore, the increasing number of product approvals, current implant developments, and technical improvements are some of the other aspects expected to contribute to a positive market outlook. 'Arthrex', 'Smith & Nephew', 'Stryker Corporation', 'Zimmer Biomet', 'DJO Global', 'Breg, Inc.', 'Mueller Sports Medicine, Inc.', 'Össur', 'DePuy Synthes Companies (a Johnson & Johnson company)', 'Cramer Products, Inc.', 'Medtronic', '3M Healthcare', 'Medline Industries, Inc.', 'Conmed Corporation', 'Wright Medical Group N.V.', 'Biotek Instruments, Inc.', 'RTI Surgical, Inc.', 'Integra LifeSciences Corporation', 'KARL STORZ', 'Bauerfeind AG', 'In March 2022, During the AAOS (American Academy of Orthopaedic Surgeons) 2022 Annual Meeting, Smith+Nephew announced the inclusion of Sports Medicine technology for joint repair and a linked arthroscopic tower.', 'In March 2021, AnkleSprain.com, the first patient-focused instructional website dedicated to ankle sprain therapy, was launched by Arthrex. This has aided the firm in raising public awareness of ankle sprains, which has benefited the company's customers.'

Globally, the prevalence of sports injuries has grown in recent years, owing mostly to increasing engagement in sports and active participation in fitness activities. Sports participants are more likely to sustain ligament tears and fractures. Furthermore, the lower extremity accounts for a significant share of all sports injuries worldwide. With increased engagement in sports (among both children and adults) and an increase in the frequency of sports injuries, the need for injury treatment and rehabilitation is predicted to rise globally. This is regarded as a favourable sign of the sports medicine market's expansion.

Emerging nations such as India and China have a large patient population and are likely to offer prospective development possibilities for companies in the sports medicine market, owing to rising disposable incomes (due to fast economic expansion) and increased engagement in sports and physical activities. Furthermore, governments in these nations are now pursuing projects to develop and upgrade their respective healthcare systems.

In 2022, the North American sports medicine market had a revenue share of more than 35%. The presence of key market participants, favourable reimbursement situations, an increase in the number of medical centres, and increased investment in sports medicine development will result in rapid product acceptance throughout the area. Furthermore, enhanced healthcare infrastructure, as well as increased usage of technologically sophisticated equipment to treat sports injuries, are boosting the regional market size.

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Global Sports Medicine Market

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