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Sports Medicine Market Size By Products (Implants, Fracture and Ligament Repair Products, Arthroscopy Devices, Prosthetics), By Injury Type (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Back and Spine Injuries, Hip and Groin Injuries), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

  • Report ID: GMI3682
  • Published Date: Jun 2022
  • Report Format: PDF

Industry Overview

Sports Medicine Market size surpassed 5 billion in 2021 and is expected to register over 6.4% CAGR between 2022 and 2030. Increasing technological advancements and multiple new product innovations in sports medicine will propel the global market growth. For instance, in May 2021, Smith & Nephew launched series of pumps laparoscopes and arthroscopes to manage fluid and 4k imaging technology for sports medicine surgeons.
 

Sports Medicine Market

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Rising awareness regarding personal health coupled with significant increase in government participation in promoting and encouraging sports activities is expected to impel the global market statistics. Significant rise in sports activities will potentially lead to increase in number of sports injuries.
 

According to the National Safety Council (NSC), in 2019 there were more than 400,000 injuries due to sports activities in the U.S. Moreover, technological advancements in orthopedic field such as 3D printing of implants and introduction of bionic technology, sensor technology in prosthetic limbs will offer unprecedented growth opportunities to the sports medicine industry expansion over the forecast period.
 

During COVID-19 pandemic, sports medicine market encountered a setback due to deferral and cancellation of range of sports events that led to decline in sports injuries. In March 2020, Tokyo Olympics and Paralympics was postponed to 2021 by the International Olympic Committee. Such incidents negatively impacted market growth. The medical professionals and specialists were instructed to address only the emergency and critical surgical operations during this period.
 

All these factors have affected the product sales with declined hospital visits during the initial phases of the pandemic. Additionally, the manufacturing of sports medicines was also affected during the first wave of pandemic, that led to a negative impact on market growth in 2020. However, in 2021, the sports medicine industry has shown a sturdy recovery, owing to a surge in demand of sports medicine products and increasing relaxation in restrictions leading to a rise in the number of sport activities globally. This is expected to grow further in the upcoming years.
 

Sports medicine is a type of medicine that focuses on improving people's athletic abilities. Sport medicine products aid in recovery of sports injuries as well as the prevention of future injuries.
 

Increasing awareness regarding physical fitness among adult group and children is augmenting the global market forecasts

Several sports activities and competitions undertaken in schools are increasing the demand for sports medicine. According to the Centers for Disease Control (CDC) every year in the U.S., approximately 30 million teenagers and children participate in some form of sports activity. Furthermore, sports-related injuries account for one-third of all childhood injuries. As a result, the active participation of children in sports activity, combined with the rising incidence of sports injuries, will stimulate the sports medicine market growth over the coming years.
 

Active participation in sports has a major influence on the mental health and social skills of an individual apart from also promoting physical health. The 2017 Kazan Action Plan endorsed at Ministers and Senior Officials Responsible for Physical Education and Sport (MINEPS VI) as well as the Commission on Ending Childhood Obesity, recognized that recreational activities and active play are vital factors for the growth and healthy development of children, including toddlers. Thus, all these factors will positively impact the growth of overall sports medicine industry.
 

Introduction of new games in professional sports leagues and other international games will further accelerate the business landscape. For instance, the international Olympic committee introduced few new sporting activities in the Tokyo 2020 games. These games included surfing, sport climbing, karate, and others. Therefore, introduction of such sports activities in international sports events will open new market opportunities.
 

Growing incidence of fracture and ligament tear will fuel the industry growth

Global Sports Medicine Market By Product

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Sports medicine market by product is segmented into implants, fracture and ligament repair products, arthroscopy devices, prosthetics, and others. The fracture and ligament repair products segment surpassed USD 1 billion in 2021. The segment is expected to see significant growth owing to increase in incidence of fracture and ligament tear injuries among population during various sports activities.
 

According to the National Safety Council (NSC), around 425,910 injuries were reported due to bicycle and its accessories in the year 2020, with maximum injuries recorded in children aged between 5 to 14 years old. It has been estimated that sports in high school accounted for 3.5 million injuries in the U.S every year. Therefore, rising incidence of fracture and ligament tear will favor the segmental expansion in near future.
 

Increasing prevalence of foot and ankle injuries in active sports are strengthening the market demand

Global Sports Medicine Market By Injury Type  

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Sports medicine market by injury type is segmented into knee injuries, shoulder injuries, foot & ankle injuries, back & spine injuries, hip & groin injuries, and others. The foot and ankle segment held over 18% market share in 2021 and is anticipated to witness substantial growth during the forecast period.
 

Ankle injuries are one of the most common injuries experienced by high school children and adults. This will benefit the segmental growth. According to the National Safety Council (NSC) statistics reported in 2017 around three million injuries were reported in the U.S due to sports and use of recreational equipment.
 

Further ankle sprain has been estimated to represent up to 30% of injuries in sports medicine clinics. Thus, the growing need for targeted therapy for treatment of foot and ankle injuries will drive the segmental demand over the projected period.
 

Development of technologically advanced treatment devices in the region will drive the market statistics

North America Sports Medicine Market Share By Country

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North America sports medicine market held over 35% revenue share in 2021. Presence of major market players, favourable reimbursement scenarios, rising number of medical centres and growing investment in development of sports medicine will result into rapid product adoption throughout the region. Moreover, developed healthcare infrastructure coupled with increasing adoption of technologically advanced devices to treat sports injuries are some of the key factors driving the regional market size.
 

For instance, in 2018, Stryker Corporation has performed more than 76,900 hip and knee replacement procedures with robots and has installed around 650 Mako surgical robots globally. The increasing number of government initiatives coupled with growing funding for R&D of advanced treatment options will fuel the regional industry forecasts.
 

An upsurge in number of product launches and strategic partnerships will grow the market size

Major players operating in the sports medicine market are Stryker Corporation, Arthrex, Wright Medical Technology, Otto Bock Healthcare, Zimmer Biomet, Smith & Nephew, Breg, Inc, Muller Sports, Inc, RTI Surgical, Performance Health International Limited, KARL STORZ, Bauerfeind AG, CONMED Corporation, Johnson & Johnson, Ossur Corporate, Cramer Product, Inc, Anika Therapeutics, Inc, and DJO Global among various others. These players are actively involved in technological advancements and strategic collaboration to expand their product portfolio as well as market presence.
 

Some of the recent industry developments:

  • In March 2021, Arthrex introduced the first patient-focused educational website AnkleSprain.com, dedicated to the ankle sprain treatment. This has helped company to create awareness among people regarding ankle sprain, thereby positively impacting company’s clientele
     
  • In June 2021, DJO, LLC, announced the acquisition of Mathys AG Bettlach. The products such as implants for artificial joint replacement, and other sports medicine solution that were added to DJO product portfolio. The acquisition helped company to develop and deliver the next generation orthopaedic products to sustain its market position along with gaining competitive edge over others.
     

The sports medicine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2030 for the following segments:

By Product

  • Implants
  • Fracture and ligament repair products
  • Arthroscopy devices
  • Prosthetics
  • Others

By Injury Type

  • Knee injuries
  • Shoulder injuries
  • Foot and ankle injuries
  • Back and spine injuries
  • Hip and groin injuries
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Others

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Global market for sports medicine exceeded USD 5 billion in 2021 and is anticipated to exhibit a CAGR of 6.4% from 2022 to 2030 driven by rising technological advancements and a range of product developments.

The market share from fracture and ligament repair products exceeded USD 1 billion in 2021 and is poised to record substantial growth owing to an upsurge in the incidence of fracture and ligament tear injuries through numerous sports activities.

North American market for sports medicine accounted for more than 35% revenue share in 2021 and is slated to exhibit lucrative growth considering the increasing number of medical centers and favorable reimbursement scenarios.

Prominent companies in the sports medicine industry comprise Ossur Corporate, Breg, Inc., DJO Global, Otto Bock Healthcare, Muller Sports, RTI Surgical, Johnson & Johnson, and others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 18
  • Tables & Figures: 143
  • Countries covered: 17
  • Pages: 167

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