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Sports Medicine Market, Global Forecast, Impact of COVID-19, Industry Trends, by Product Type, Growth, Opportunity Company Analysis

  • ID: 5447671
  • Report
  • September 2021
  • Region: Global
  • 140 pages
  • Renub Research
The Sports Medicine Market Was Valued at US$ 12.1 Billion in 2027

FEATURED COMPANIES

  • MEDTRONIC PLC
  • Smith & Nephew
  • Stryker
  • MORE
Sports medicine is a type of medicine that focuses on improving people's athletic abilities. Sport medicine products aid in the recovery of injuries as well as the prevention of future injuries. Furthermore, sports medicine has outgrown all other healthcare fields in terms of growth, as healthcare practitioners in this sector can treat a wide range of people, not only athletes. The growing incidence of sports-related injuries and increased public awareness regarding physical fitness has surged in demand for the sports medicine market across the world. According to the publisher, Global Sports Medicine Market was valued at US$ 12.1 Billion in 2027.



Worldwide Sports Medicine Industry has been divided into Orthopedics Devices, Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation and Accessories. By Product, Body reconstruction and repair products have generated the highest revenue among all. The increased demand for arthroscopy devices and an increase in transition from conventional open surgeries to minimally invasive surgeries employing orthobiologics are influencing this segment market. The growing use of fracture and ligament repair devices and the increasing utilization of arthroscopy equipment in minimally invasive procedures were credited with huge market share growth. As per the research findings, the market for sports medicine will grow with a healthy CAGR of 7.70% during 2021-2027.

By Application


Sports Medicine is most used for Knee Injuries as Knee injuries are one of the most prevalent injuries sustained when participating in sports or other physical activity. This is because excessive running and jumping causes knee joint wear and strain. Knee injuries are quite common, according to the British Journal of Sports Medicine, accounting for roughly 41% of all sports injuries. Orthopaedic clinics use most sports medicine due to the increase of these types of injuries. As per this research report, Worldwide Sports Medicine Market Size was US$ 7.2 Billion in 2020.

Factors Driving Sports Medicine demand Globally

  • Rising prevalence of sports injuries
  • Continual invention of new goods and treatment modalities
  • And increased desire for less invasive operations are all driving the industry forward.

Facts about Sports Medicine

  • According to a February 2020 article by Sarah Megginson, 89 per cent of Australian adults participate in sports every year, with 62 percent doing so at least three times per week.
  • The demand for injury treatment and rehabilitation is predicted to rise around the world as more people participate in sports (both children and adults) and as the incidence of sports injuries will increase.
This is viewed as a favorable indicator of the sports medicine market's expansion. However, one of the significant challenges the global sports medicine market faces is the high cost of implants. Many developing countries, such as India, where patients do not have insurance coverage, it is hard for them to pay such a big amount to hospitals for their treatment.

COVID- 19 Impacts


Most international, regional, and national sports activities have been postponed to combat the disease, resulting in fewer sports injuries and, as a result, a decrease in demand for sports medicine. For example, the emergence of COVID-19 in April 2020, the Confederation of African Football stated their intention to move the African Champions League semi-finals. But the market will recover in 2021 and will increase during the forecast period as per the publisher's anticipation.

This report titled “Global Sports Medicine Market by Product (Orthopedics Devices, Body Support & Recovery, Body Reconstruction & Repair, Body Monitoring & Evaluation and Accessories), Application (Hand & wrist, Shoulder Injury, Ankle - foot Injury, Arm - elbow Injury , Knee Injury, Back - spine Injury and Hip - groin Injury) End Users (Hospitals, Ambulatory, Clinics and Other), Region (North America, Asia- Pacific's, Europe, ROW), Company (ZIMMER BIOMET HOLDINGS, INC., MEDTRONIC PLC, Smith & Nephew, Stryker)" provides comprehensive details about Global Sports Medicine industry.

Product Type -Market breakup from 5 viewpoints


1. Orthopedics Devices
2. Body Reconstruction & Repair
3. Body Support & Recovery
4. Body Monitoring & Evaluation
5. Accessories

Application - Market breakup from 7 viewpoints


1. Hand & wrist
2. Shoulder Injury
3. Ankle - foot Injury
4. Arm - elbow Injury
5. Knee Injury
6. Back - spine Injury
7. Hip - groin Injury

End Users- Market breakup from 4 viewpoints


1. Hospitals
2. Ambulatory
3. Clinics
4. Other

Region - Market breakup from 5 viewpoints


1. North America
2. Europe
3. Asia Pacific
4. Rest of World

All companies have been covered from 3 viewpoints

  • Overviews
  • Recent Developments
  • Financial Insights

Company Analysis


1. ZIMMER BIOMET HOLDINGS, INC.
2. MEDTRONIC PLC
3. Smith & Nephew
4. Stryker
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • MEDTRONIC PLC
  • Smith & Nephew
  • Stryker
  • MORE
1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Sports Medicine Market

6. Market Share
6.1 By Product
6.2 By Application
6.3 By End Users
6.4 By Region

7. Product Type - Sports Medicine Market
7.1 Orthopedics Devices
7.2 Body Reconstruction & Repair
7.3 Body Support & Recovery
7.4 Body Monitoring & Evaluation
7.5 Accessories

8. Application - Sports Medicine Market
8.1 Hand & wrist
8.2 Shoulder Injury
8.3 Ankle - foot Injury
8.4 Arm - elbow Injury
8.5 Knee Injury
8.6 Back - spine Injury
8.7 Hip - groin Injury

9. End Users- Sports Medicine Market
9.1 Hospitals
9.2 Ambultory
9.3 Clinics
9.4 Other

10. Region - Sports Medicine Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East

11. Company Analysis
11.1 ZIMMER BIOMET HOLDINGS, INC.
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Financial Insight
11.2 MEDTRONIC PLC
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Financial Insight
11.3 Smith & Nephew
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Financial Insight
11.4 Stryker
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Financial Insight

List of Figures:
Figure-01: Global Sports Medicine Market (Million US$), 2017 - 2020
Figure-02: Forecast for - Global Sports Medicine Market (Million US$), 2021 - 2028
Figure-03: Product Type - Orthopedics Devices Market (Million US$), 2017 - 2020
Figure-04: Product Type - Forecast for Orthopedics Devices Market (Million US$), 2021 - 2028
Figure-05: Product Type - Body Reconstruction & Repair Market (Million US$), 2017 - 2020
Figure-06: Product Type - Forecast for Body Reconstruction & Repair Market (Million US$), 2021 - 2028
Figure-07: Product Type - Body Support & Recovery Market (Million US$), 2017 - 2020
Figure-08: Product Type - Forecast for Body Support & Recovery Market (Million US$), 2021 - 2028
Figure-09: Product Type - Body Monitoring & Evaluation Market (Million US$), 2017 - 2020
Figure-10: Product Type - Forecast for Body Monitoring & Evaluation Market (Million US$), 2021 - 2028
Figure-11: Product Type - Accessories Market (Million US$), 2017 - 2020
Figure-12: Product Type - Forecast for Accessories Market (Million US$), 2021 - 2028
Figure-13: Application - Hand & Wrist Market (Million US$), 2017 - 2020
Figure-14: Application - Forecast for Hand & Wrist Market (Million US$), 2021 - 2028
Figure-15: Application - IT Market (Million US$), 2017 - 2020
Figure-16: Application - Forecast for IT Market (Million US$), 2021 - 2028
Figure-17: Application - Ankle - Foot Injury Market (Million US$), 2017 - 2020
Figure-18: Application - Forecast for Ankle - Foot Injury Market (Million US$), 2021 - 2028
Figure-19: Application - Arm - Elbow Injury Market (Million US$), 2017 - 2020
Figure-20: Application - Forecast for Arm - Elbow Injury Market (Million US$), 2021 - 2028
Figure-21: Application - Knee Injury Market (Million US$), 2017 - 2020
Figure-22: Application - Forecast for Knee Injury Market (Million US$), 2021 - 2028
Figure-23: Application - Back - Spine Injury Market (Million US$), 2017 - 2020
Figure-24: Application - Forecast for Back - Spine Injury Market (Million US$), 2021 - 2028
Figure-25: Application - Hip - Groin Injury Market (Million US$), 2017 - 2020
Figure-26: Application - Forecast for Hip - Groin Injury Market (Million US$), 2021 - 2028
Figure-27: End Users - Hospitals Market (Million US$), 2017 - 2020
Figure-28: End Users - Forecast for Hospitals Market (Million US$), 2021 - 2028
Figure-29: End Users - Ambultory Market (Million US$), 2017 - 2020
Figure-30: End Users - Forecast for Ambultory Market (Million US$), 2021 - 2028
Figure-31: End Users - Clinics Market (Million US$), 2017 - 2020
Figure-32: End Users - Forecast for Clinics Market (Million US$), 2021 - 2028
Figure-33: End Users - Others Market (Million US$), 2017 - 2020
Figure-34: End Users - Forecast for Others Market (Million US$), 2021 - 2028
Figure-35: North America - Sports Medicine Market (Million US$), 2017 - 2020
Figure-36: North America - Forecast for Sports Medicine Market (Million US$), 2021 - 2028
Figure-37: Europe - Sports Medicine Market (Million US$), 2017 - 2020
Figure-38: Europe - Forecast for Sports Medicine Market (Million US$), 2021 - 2028
Figure-39: Asia Pacific - Sports Medicine Market (Million US$), 2017 - 2020
Figure-40: Asia Pacific - Forecast for Sports Medicine Market (Million US$), 2021 - 2028
Figure-41: Rest of World - Sports Medicine Market (Million US$), 2017 - 2020
Figure-42: Rest of World - Forecast for Sports Medicine Market (Million US$), 2021 - 2028
Figure-43: ZIMMER BIOMET HOLDINGS, INC. - Global Revenue (Million US$), 2017 - 2020
Figure-44: ZIMMER BIOMET HOLDINGS, INC. - Forecast for Global Revenue (Million US$), 2021 - 2028
Figure-45: MEDTRONIC PLC - Global Revenue (Million US$), 2017 - 2020
Figure-46: MEDTRONIC PLC - Forecast for Global Revenue (Million US$), 2021 - 2028
Figure-47: Smith & Nephew - Global Revenue (Million US$), 2017 - 2020
Figure-48: Smith & Nephew - Forecast for Global Revenue (Million US$), 2021 - 2028
Figure-49: Stryker - Global Revenue (Million US$), 2017 - 2020
Figure-50: Stryker - Forecast for Global Revenue (Million US$), 2021 - 2028

List of Tables:
Table-01: Global - Sports Medicine Market Share by Product (Percent), 2017 - 2020
Table-02: Global - Forecast for Sports Medicine Market Share by Product (Percent), 2021 - 2028
Table-03: Global - Sports Medicine Market Share by Application (Percent), 2017 - 2020
Table-04: Global - Forecast for Sports Medicine Market Share by Application (Percent), 2021 - 2028
Table-05: Global - Sports Medicine Market Share by End Users (Percent), 2017 - 2020
Table-06: Global - Forecast for Sports Medicine Market Share by End Users (Percent), 2021 - 2028
Table-07: Global - Sports Medicine Market Share by Region (Percent), 2017 - 2020
Table-08: Global - Forecast for Sports Medicine Market Share by Region (Percent), 2021 - 2028
Note: Product cover images may vary from those shown
  • ZIMMER BIOMET HOLDINGS, INC.
  • MEDTRONIC PLC
  • Smith & Nephew
  • Stryker
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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