The sports medicine market was valued at $8520 million in 2020, and is projected to reach $12862 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.
Sports medicine is an area of medical practice concerned with the treatment of injuries resulting from athletic activities. It is a study that deals with improving physical fitness and preventing sports-associated injuries. Major objective of sports medicine is to enhance the athletic performance and prevent future injuries. Sports medicine aids in the treatment of injuries resulting from physical activity. In addition, sports medicine assists to maximize function and minimize the disability of patients. Key factors that drive the market growth include rise in incidences of injuries associated with sports, increase in adoption of sports activities by people, and growth in demand for minimally invasive treatment methods.
Thus, rise in incidences of sports injuries worldwide propels demand for the market growth. Moreover, government initiatives for the sports industry are continuously liable for expansion of the market. However, high cost of products may hinder expansion of the medicine market.
Rise in adoption of extreme sports activities, rise in incidences of sports related injuries, growth in awareness among individuals regarding fitness and sports, and rapid advancements in sports medicine are some factors expected to drive the sports medicine market growth.
The COVID-19 impact on sports medicine market is overall negative. This is attributed to the fact that the non-COVID-19 related healthcare facilities remained non-functional during the pandemic initially in 2020. Furthermore, factors such as decline* in the number of sport events and activities organized across the globe led to decrease in incidences of sports injury, which propels demand for sport medicines in a negative manner. In addition, the sports medicine market experienced disruptions in supply chain. This also contributed toward negative impact in growth of the sports medicine market in the year 2020. However, as the lockdown restrictions were relaxed in 2021, the demand for sports medicine exhibited a steady rise and recovery from COVID-19 impact.
The global sports medicine market is segmented on the basis of product, application, and region. By product, it is classified into body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, and accessories. Body reconstruction & repair products are sub-segmented into implants, arthroscopy devices, fracture and ligament repair devices, prosthetic devices, and orthobiologics. Further, body support & recovery products are sub-segmented into thermal therapy products, brace and support devices, and compression clothing. Body monitoring and evaluation is sub-segmented into cardiac monitoring & evaluation, respiratory monitoring & evaluation, hemodynamic monitoring & evaluation, muscoskeletal monitoring & evaluation, and other monitoring & evaluation.
By application, it is divided into knee injuries, shoulder injuries, ankle & foot injuries, elbow & wrist injuries, hip & groin injuries, back & spine injuries, and other injuries.
Region wise, it is segmented into North America, Asia-Pacific, Europe, and LAMEA.
Sports medicine is an area of medical practice concerned with the treatment of injuries resulting from athletic activities. It is a study that deals with improving physical fitness and preventing sports-associated injuries. Major objective of sports medicine is to enhance the athletic performance and prevent future injuries. Sports medicine aids in the treatment of injuries resulting from physical activity. In addition, sports medicine assists to maximize function and minimize the disability of patients. Key factors that drive the market growth include rise in incidences of injuries associated with sports, increase in adoption of sports activities by people, and growth in demand for minimally invasive treatment methods.
Thus, rise in incidences of sports injuries worldwide propels demand for the market growth. Moreover, government initiatives for the sports industry are continuously liable for expansion of the market. However, high cost of products may hinder expansion of the medicine market.
Rise in adoption of extreme sports activities, rise in incidences of sports related injuries, growth in awareness among individuals regarding fitness and sports, and rapid advancements in sports medicine are some factors expected to drive the sports medicine market growth.
The COVID-19 impact on sports medicine market is overall negative. This is attributed to the fact that the non-COVID-19 related healthcare facilities remained non-functional during the pandemic initially in 2020. Furthermore, factors such as decline* in the number of sport events and activities organized across the globe led to decrease in incidences of sports injury, which propels demand for sport medicines in a negative manner. In addition, the sports medicine market experienced disruptions in supply chain. This also contributed toward negative impact in growth of the sports medicine market in the year 2020. However, as the lockdown restrictions were relaxed in 2021, the demand for sports medicine exhibited a steady rise and recovery from COVID-19 impact.
The global sports medicine market is segmented on the basis of product, application, and region. By product, it is classified into body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, and accessories. Body reconstruction & repair products are sub-segmented into implants, arthroscopy devices, fracture and ligament repair devices, prosthetic devices, and orthobiologics. Further, body support & recovery products are sub-segmented into thermal therapy products, brace and support devices, and compression clothing. Body monitoring and evaluation is sub-segmented into cardiac monitoring & evaluation, respiratory monitoring & evaluation, hemodynamic monitoring & evaluation, muscoskeletal monitoring & evaluation, and other monitoring & evaluation.
By application, it is divided into knee injuries, shoulder injuries, ankle & foot injuries, elbow & wrist injuries, hip & groin injuries, back & spine injuries, and other injuries.
Region wise, it is segmented into North America, Asia-Pacific, Europe, and LAMEA.
Key Benefits for Stakeholders
- The study provides an in-depth analysis, current trends, and future estimations of the global market to elucidate the imminent investment pockets
- Comprehensive analysis of factors that drive and restrict the market growth is provided
- A quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing market opportunities
- Extensive analysis of key segments of the industry is provided to understand the type of products and indications used globally
- Key market players and their strategies are analyzed to understand the competitive outlook of the market
Key Segments:
By Product
- Body Reconstruction and Repair
- Implants
- Arthroscopy Devices
- Fracture and Ligament Repair Devices
- Prosthetic Devices
- Orthobiologics
- Body Support and Recovery
- Thermal Therapy Products
- Brace and Support Devices
- Compression Clothing
- Monitoring Devices
- Others
- Body Monitoring and Evaluation Devices
- Cardiac monitoring and evaluation devices
- Respiratory monitoring and evaluation devices
- Hemodynamic monitoring and evaluation devices
- Muscoskeletal monitoring and evaluation devices
- Other monitoring and evaluation devices
- Accessories
By Application
- Knee Injuries
- Shoulder Injuries
- Ankle and Foot Injuries
- Back and Spine Injuries
- Elbow and Wrist Injuries
- Hip Injuries
- Other Injuries
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Arthrex Inc
- CONMED Corporation,
- DJO Global,
- Johnson & Johnson
- Mueller Sport Medicine
- Orthofix International NV
- Smith & Nephew Plc
- Stryker Corporation
- Wright Medical group
- Zimmer Biomet Holdings ,Inc
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Sports Medicine Market, by Product
Chapter 5: Sports Medicine Market, by Application
Chapter 6: Sports Medicine Market, by Region
Chapter 7: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, “sports medicine market by product and application: global opportunity analysis and industry forecast, 2021–2030,the global sports medicine market size was valued at $8519 billion in 2020, and is estimated to reach $12862 billion by 2030, growing at a CAGR of 5.1% from 2021 to 2030.Sports medicine is a branch of the healthcare industry that deals with physical fitness of people involved in sports. Sports medicine involves prevention and treatment of injuries related to sports and exercise. Common sport injuries include anterior cruciate ligament (ACL) tears, ankle sprains, muscle cramps, and shin splints. Demand for sports medicine has increased, owing to active participation of athletes in different kinds of sports across different countries. Various aspects of sports medicine such as indulging in sports activities for fitness, recommendations for physical training, sports injury prevention, and treatment contributes to the sports medicine market growth.
The factors that drive the growth of sports medicine market is driven by increase in incidences of sports injuries. This is attributed to surge in sports activities and events across the globe, which, in turn, contributes toward rise in incidences of sports related injuries. Furthermore, novel and advanced sports medicine products are being introduced into the market, which leads to surge in demand for sports medicine drives growth of the sports medicine market. In addition, surge in developments in the field of regenerative medicine and rise in demand for minimally invasive surgeries. In addition, easily accessible and advanced treatment products related to sports medicine for quick and easy recovery supplements growth in demand for sports medicine.
However, lack of skilled professionals as well as inappropriate administration and guidelines in the field of sports medicine hampers growth of the market. Furthermore, rise in adoption of regenerative sports medicine offers profitable opportunities for expansion of the market.
The sports medicine industry is segmented on the basis of product, application, and region. By product, it is classified into body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, and accessories. Body reconstruction & repair products are sub-segmented into implants, arthroscopy devices, fracture and ligament repair devices, prosthetic devices, and orthobiologics. Further, body support & recovery products are sub-segmented into thermal therapy products, brace and support devices, and compression clothing. Body monitoring and evaluation is sub-segmented into cardiac monitoring & evaluation, respiratory monitoring & evaluation, hemodynamic monitoring & evaluation, muscoskeletal monitoring & evaluation, and other monitoring & evaluation.
By application, it is divided into knee injuries, shoulder injuries, ankle & foot injuries, elbow & wrist injuries, hip & groin injuries, back & spine injuries, and other injuries.
Region wise, it is segmented into North America, Asia-Pacific, Europe, and LAMEA.
The COVID-19 was declared as a pandemic in the start of the year 2020. This was followed with strict lockdowns and containment restriction in more than 200 countries across the globe. Hence, this lead to serious disruptions in every business across each industry globally. For instance, lockdown restrictions led to closure of non-essential business worldwide and only essential businesses such as healthcare facilities with focus on COVD-19 treatment operated during the pandemic.
Furthermore, owing to strict worldwide lockdowns in 2020, a number of sports tournaments and sports activities were impacted in an extremely negative manner. Thus, this led to a decline in demand for sports medicine globally. In addition, the negative impact was fueled by a downfall in manufacturing of medicines and disruptions in supply chain of the sports medicine market. However, owing to rise in relaxations in lockdowns leading to surge in number of sport activities throughout the globe has led to recovery in growth of the sports medicine market in the year 2021.
In 2020, on the basis of product, the body reconstruction & repair products segment accounted for the largest market share in the year 2020, and witnessed fastest growth during the forecast period. Factors that contribute toward growth of the market include launch of large number of novel body reconstruction & repair products with added benefits, which leads to surge in demand for sports medicine.
By application, the knee injuries segment acquired highest share of the sports medicine market in the year 2020. It is also expected to witness fastest growth during the forecast period. This is attributed to surge in prevalence of sports related knee injuries.
Major companies profiled in the report include Smith & Nephew Plc., Stryker Corporation, Johnson & Johnson (Depuy Mitek), Arthrex, Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., DJO Global, Inc., and Wright, Medical Group N.V.
North America accounted for the largest share of the sports medicine in 2020, and is expected to continue this trend during the forecast period. This is attributed to the increase in active participation in sports by people in various countries of this region. In addition, various market players focus on opportunities offered by sports industry of this region.
Key Findings Of The Study
- By product, the body reconstruction & repair products segment was the highest contributor to the sports medicine market in 2020
- On the basis of application, the knee injuries market dominated the sports medicine market in 2020, and is expected to continue this trend during the forecast period
- Region wise, North America garnered the largest revenue share in 2020; however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
Companies Mentioned
- Arthrex Inc.
- CONMED corporation
- DJO global
- Johnson & Johnson
- Mueller Sport Medicine
- Orthofix International N.V
- Smith & Nephew Plc.
- Stryker Corporation
- Wright Medical group
- Zimmer Biomet Holdings Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 243 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 8520 million |
| Forecasted Market Value ( USD | $ 12862 million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
