Global Sports Medicine
Market Report
2024
The Sports Medicine Market was valued at USD 6.80 billion in 2022 and is expected to grow to USD 10.45 billion by 2030, at a CAGR of approximately 5.5% during the forecast period of 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Sports Medicine Market was valued at USD 6.80 billion in 2022 and is expected to grow to USD 10.45 billion by 2030, at a CAGR of approximately 5.5% during the forecast period of 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Sports Medicine Market Sales Revenue 2022 | $ 6.8 Billion |
Global Sports Medicine Market Sales Revenue 2030 | $ 10.45 Billion |
Global Sports Medicine Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Product |
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Market Split by Application |
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Market Split by End-Users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Sports Medicine Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Sports medicine is a branch of medicine that deals with physical fitness and the treatment & prevention of injuries that occur due to sports and exercise. Sports medicine aims to help keep people safe when pursuing their training goals. Sports medicines are also called sports & exercise medicine (SEM). These medicines are widely suggested and prescribed by physicians, scientists, trainers, and other paramedical practitioners. In some countries, sports medicine or SEM is a recognized medical specialty with similar training and standards to other medical specialties. Sports medicines help in the optimization of health and athletic performance. Sports medicine combines general medical education with the specific principles of sports science, exercise physiology, orthopedics, biomechanics, sports nutrition, and sports psychology. Also, Sports medicine is a broad term that involves a variety of medical as well as paramedical personnel including exercise physiologists, physical educators, kinesiologists, athlete trainers, and physical therapists as they are involved with various aspects of physical activities and athletes. Currently, rising sports-related injuries are the major driving factor for the sports medicine market. The North American region is expected to hold a major share of this market in the forecast period.
The growth of the sports medicine market is majorly driven by the increasing incidences of sports-related injuries. Globally, in the last few years, there is a rise in sports injuries which is attributed to growing participation in sports and fitness activities. The incidences of ligament tears and fractures are high among people who participated in sports. Also, the increase in athlete career adoption with a growing trend toward healthy medicine is expected to fuel the demand for sports medicine.
Rising awareness of personal health and increasing investments to develop and launch new products are key driving factors for the sports medicine market. This rise in demand is attributed to the technological advancement in the medical sector and the presence of advanced treatments for sports and exercise-related injuries. Furthermore, government initiatives to promote sports medicines, the rising adoption of 3D printing in ankle reconstructions, and the organizing of awareness programs about the importance of good physical health and sports medicines are fueling the market growth.
Sports medicine market growth is obstructed by some factors such as high R&D costs, scarce infrastructure facilities, and high costs related to sports-related treatment. Also, the rise in the number of product recalls in developing countries is the major restraining factor for the sports medicine market.
The COVID-19 pandemic has negatively impacted the sports medicine market globally. The surgeries related to sports injuries were put on hold which hampered the surgical market significantly. The initial drop in demand was caused by a decrease in sports competitions and activities as a result of strict global lockdowns. Furthermore, pharmaceutical manufacturing was disrupted during the initial wave of the pandemic.
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Anika Therapeutics Inc. received the U.S. Food and Drug Administration clearance for six innovative products that meet the needs of orthopedic and sports medicine surgeons.
Six minimally invasive surgical devices and instruments have been cleared by the FDA to repair rotator cuffs, perform arthroscopic knee repairs and treat arthritis damage in the hand and wrist.
Arthrex, Inc. launched a new website, AnkleSprain.com to enhance patient education on recurring ankle sprains and the benefits of ligament augmentation repair.
AnkleSprain.com was developed in collaboration with top foot and ankle surgeons across the U.S. and provides easily accessible information about chronic ankle instability.
Top Companies Market Share in Sports Medicine Industry: (In no particular order of Rank)
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North America is expected to hold the largest share of the global sports medicine market. This is attributed to the rising popularity and activity of the rising sport, growing investment in sports medicines, and rising investment in R&D.
The Asia Pacific region is anticipated to grow at a higher CAGR during the forecast period due to the rising demand for sports medicines from developing countries such as China, Japan, and India.
The current report Scope analyzes Sports Medicine Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Sports Medicine Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Sports Medicine Industry growth. Sports Medicine market has been segmented with the help of its Product, Application End-Users, and others. Sports Medicine market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on product, the market is divided into body reconstruction products, body support & recovery products. Body support and recovery products accounted for the largest share of the market. Support and recovery products such as brace & support, and physiotherapy equipment are required before as well as after the procedure involving reconstruction which results in a rise in demand.
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Based on the Application, the market is divided into knee injuries, shoulder injuries, head & neck injuries, ankle & foot injuries, and wrist & elbow injuries. Knee injuries are holding a major share of the market in this segment which is attributed to the fact that a large number of knee injuries are recorded in major sports. Globally, knee injuries account for more than approximately 35% of all injuries due to sports.
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Based on End-users, the market is segmented into hospitals, physiotherapy centers, and specialty clinics. The hospitals are holding the largest share of the market by application. This is attributed to the factors like complex diagnostic and therapeutic procedures performed in hospitals.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Sports Medicine Market is witnessing significant growth in the near future.
In 2023, the Body Reconstruction Products segment accounted for noticeable share of global Sports Medicine Market and is projected to experience significant growth in the near future.
The Knee Injuries segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies CONMED Corporation , Stryker and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Body Reconstruction Products, Body Support & Recovery Products |
Application | Knee Injuries, Shoulder Injuries, Head & Neck Injuries, Ankle & Foot Injuries, Wrist & Elbow Injuries |
End-Users | Hospitals, Physiotherapy centers, Specialty Clinics |
List of Competitors | CONMED Corporation, Johnson & Johnson, Stryker, Smith and Nephew, Medtronic PLC, Zimmer Biomet, Arthrex GmbH, Enovis (DJO Global), Mueller Sports Medicine Inc., Breg Inc., Performance Health Holding Inc., Bauerfeind AG, KARL STORZ SE & Co. KG., Others. |
This chapter will help you gain GLOBAL Market Analysis of Sports Medicine. Further deep in this chapter, you will be able to review Global Sports Medicine Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-Users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Sports Medicine market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Body Reconstruction Products have a significant impact on Sports Medicine market? |
What are the key factors affecting the Body Reconstruction Products and Body Support & Recovery Products of Sports Medicine Market? |
What is the CAGR/Growth Rate of Knee Injuries during the forecast period? |
By type, which segment accounted for largest share of the global Sports Medicine Market? |
Which region is expected to dominate the global Sports Medicine Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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