Sports Medicine Market Size By Product (Body Reconstruction Products {Implants, Fracture and Ligament Repair Products, Arthroscopy Devices, Prosthetics}, Body Support and Recovery Products {Braces and Supports, Compression Clothing, Physiotherapy Equipment), By Injury Type (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries), By End-Use (Hospitals, Ambulatory Surgical Centres, Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jun 2019  |  Report ID: GMI3682  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 170   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Sports Medicine Market size exceeded USD 5.9 billion in 2018 and is poised to grow at over 6.4% CAGR between 2019 and 2025. Increasing cases of sports injuries will drive the market growth. Rising number of people choosing sports as career as well as growing trend towards healthy lifestyle will further stimulate the market demand.
 

Sports Medicine Market
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Rising prevalence of chronic conditions including cardiovascular diseases and obesity and awareness through healthcare campaigns has encouraged people to adopt healthy lifestyle leading to escalated participation in sports activities. According to recent study, more than 30 million children and teens in the U.S. participate in some form of organized sports.
 

The growing demand for minimally invasive surgeries, technological advancements in implants and increased R&D activities in field of regenerative medicine will fuel the sports medicine market revenue. Rise in adoption of computer assisted robotic surgeries and sports medicine products to reduce recovery time, hospital stay as well as faster return to normal activities in case of sport injuries will boost demand for sports medicines.
 

Increasing career opportunities in sports, several efforts undertaken by government and other organizations to reduce burden of chronic diseases and promote healthy lifestyle will positively impact the industry growth. Growing awareness about ill-effects of tobacco smoking and alcohol consumption has escalated adoption of healthy lifestyle and participation in physical activities, thereby stimulating demand for sports injury management products. However, dearth of trained healthcare professionals and high cost of sports medicine will hamper the market expansion to a certain extent.
 

Sports Medicine Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 5.9 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 6.4% 2025 Value Projection: 9 Billion (USD)
Pages: 170 Tables, Charts & Figures: 209
Geographies covered (18): U.S., Canada, UK, Germany, France, Spain, Italy, Russia, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Product, Injury Type, End-Use and Region
Companies covered (21): Stryker Corporation, Arthrex, Inc., Tornier N.V., Wright Medical Technology, DJO Global, Otto Bock Healthcare, Zimmer Biomet, Smith & Nephew Plc, Breg, Inc., Mueller Sports, Inc., Medtronic, RTI Surgical, Performance Health International Limited, KARL STORZ, Bauerfeind AG, CONMED Corporation, Johnson & Johnson, GE Healthcare, Japan MDM, Inc., Ossur Corporate, Cramer Products, Inc.
Growth Drivers:
  • Increasing number sports injuries globally
  • Technological advancements in implants
  • Growing demand for minimal invasive surgeries and rising number of sports medical centers
  • Increasing awareness regarding physical fitness and sports activities
Pitfalls & Challenges:
  • Dearth of trained healthcare professional in developing countries
  • High cost of sports medicine

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Market, By Product

Body reconstruction products will witness a growth of around 6.4% through 2025. Technological advancements in implants along with rising application of arthroscopy, fracture and ligament repair products will attribute to growth of the industry. Nearly 120,000 to 200,000 anterior cruciate ligament (ACL) reconstructions are performed every year in the U.S.
 

Body support and recovery products valuation was over USD 1.5 billion in 2018. Body support and recovery products include braces and supports, compression clothing, physiotherapy equipment, thermal therapy, electrostimulation and others. Supports, braces and physiotherapy equipment is required pre and post reconstruction procedures. Increasing number of reconstruction procedures will foster the segment growth.
 

Market, By Injury Type

U.S. Sports Medicine Market

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Knee injuries accounted for 18.5% sports medicine market share in 2018. Rise in number of knee injuries coupled with growing demand for minimal invasive surgeries will impel the segment size. Additionally, increasing adoption of healthy lifestyle including participation in sports activities will drive the market demand. 
 

Foot and ankle injuries segment is estimated to register 6.3% growth rate during the forecast period as increasing participation of people in sports activities has led to rise in foot and ankle injuries. According to the American College of Foot and Ankle Surgeons (ACFAS), ankle sprains account for nearly 10% of overall injuries seen in emergency departments.
 

Market, By End-use

Germany Sports Medicine Market

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Hospital end-use segment revenue was more than USD 2.3 billion in 2018 and is anticipated to observe substantial growth from 2019 to 2025. Availability of advanced medical equipment, skilled healthcare professionals and growing number of sports injuries are factors contributing to growth of the hospital segment.
 

Clinics will witness lucrative growth of over 6.5% till 2025 led by rising number of orthopedic clinics coupled with growing preference to orthopedic specialist or sports medicine physician in case of sports injury. Sports medicine physician are specifically trained to care for fitness professionals, athletes, and active individuals suffering from a sports injury. These specialists try to understand the impact of exercise and sports activities on the patients’ bodies including occurrence of concussions and repetitive motion injuries.
 

Market, By Region

The U.S. sports medicine market held more than 30% revenue share in 2018 and is predicted to expand at 6% CAGR during 2019-2025. Rising number of sports medical centers, increasing participation of people in sports and physical activity along with growing investment in development of sports medicines will boost market size in the U.S. Government initiatives coupled with increasing focus on R&D activities for the development of superior treatment therapies for sports injuries will further drive the regional industry growth.
 

Competitive Market Share

Stryker Corporation, Wright Medical Technology, Tornier N.V., DJO Global, Arthrex, Otto Bock Healthcare, Bauerfeind AG, GE Healthcare, Ossur Corporate, Zimmer Holdings, Smith & Nephew, Breg, Mueller Sports, Medtronic, RTI Surgical, Cramer Products, Performance Health International Limited, KARL STORZ, Johnson & Johnson, CONMED Corporation, Japan MDM, are some the companies functioning in the sports medicine industry.  
 

Industry players are adopting various strategies including acquisitions and mergers to expand their product portfolio as well as increase market presence. For instance, In March 2019, Stryker acquired Israel based company named OrthoSpace engaged in developing technology to treat irreparable rotator cuff tears. The acquisition strategy focused towards expanding Stryker’s product portfolio as well as sustain its leading position in the market.
 

The sports medicine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Market, By Product, 2014-2025 (USD Million)

  • Body Reconstruction Products
    • Implants
    • Fracture and Ligament Repair Products
    • Arthroscopy Devices
    • Prosthetics
    • Others
  • Body Support and Recovery Products
    • Braces and Supports
    • Compression Clothing
    • Physiotherapy Equipment
    • Others 
  • Others

Market, By Injury Type, 2014-2025 (USD Million)

  • Knee Injuries
  • Shoulder Injuries
  • Foot and ankle Injuries
  • Elbow and wrist Injuries
  • Back and spine Injuries
  • Hip and groin Injuries
  • Other Injuries

Market, By End-use, 2014-2025 (USD Million)

  • Hospitals
  • Ambulatory Surgical Centres
  • Clinics
  • Others

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

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

 

Frequently Asked Questions (FAQ) :

The market size of sports medicine exceeded USD 5.9 billion in 2018.
The industry share of sports medicine is poised to grow at over 6.4% CAGR between 2019 and 2025.
According to the analysts at GMI, the body reconstruction product segment will witness a growth of around 6.4% through 2025.
The U.S. market held more than 30% revenue share in 2018 and is predicted to expand at 6% CAGR during 2019-2025, says Global Market Insights, Inc.
Stryker Corporation, Wright Medical Technology, Tornier N.V., DJO Global, Arthrex, Otto Bock Healthcare, Bauerfeind AG, GE Healthcare, Ossur Corporate, Zimmer Holdings, Smith & Nephew, Breg, Mueller Sports, Medtronic, RTI Surgical, Cramer Products, Performance Health International Limited, KARL STORZ, Johnson & Johnson, CONMED Corporation, Japan MDM, are some the companies functioning in the industry.

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Premium Report Details

  • Published Date: Jun 2019
  • Pages: 170
  • Tables: 201
  • Charts / Figures: 8
  • Companies covered: 21
  • Countries covered: 18

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