Sports Medicine Market Forecast to 2031: By Product (Body Reconstruction Products, Body Support and Recovery Products, Accessories), Application (Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries, Elbow & Wrist Injuries, Back & Spine Injuries, Hip & Groin Injuries, and Others), End User (Hospitals, Ambulatory Surgery Centers, Physiotherapy Centers & Clinics), and Region
The global sports medicine market was valued at USD 5.5 Billion in 2021 and it is anticipated to grow further till USD 10.8 Billion by 2031, at a CAGR of 7.0% during the forecast period.
An area of medicine called sports medicine is concerned with enhancing patients' athletic prowess. Products for sports medicine help with both the healing of sports injuries and the prevention of new ones.
Global Sports Medicine Market Scope and Report Structure
Market Trends and Drivers
Growing government involvement in promoting and encouraging sports activities, along with growing public awareness of personal health, is anticipated to drive the global market statistics. Increased participation in sports could result in an increase in the frequency of sports injuries.
The National Safety Council (NSC) reports that more than 400,000 injuries resulting from sports-related activities occurred in the United States in 2019. In addition, technological developments in the orthopaedic field, such as the 3D printing of implants and the introduction of bionic technology and sensor technology in prosthetic limbs, will provide the sports medicine industry with previously unheard-of growth opportunities over the forecast period.
Market Restraints and Challenges
The market's expansion is significantly constrained by the high cost of implant materials. In nations like India, where only a small percentage of the population has access to health insurance, a pricey implant poses a serious threat to the market's expansion. Since orthopedic surgeons undertake the majority of operations for sports injuries, a major barrier for the business is a lack of educated orthopedic doctors.
Global Sports Medicine Market Segmental Overview
The report analyses the global sports medicine market based on the product, application, end user, and region.
Global Sports Medicine Market by Product
Based on the product, it is segmented into body reconstruction products, body support and recovery products, and accessories. Body support & recovery products segment is anticipated to dominate the market during the forecast period. Products such as braces, support, and physiotherapy equipment are required before and after procedures involving reconstruction. So, the demand for this device is boosting owing to the increasing number of sports injuries across the globe.
Global Sports Medicine Market by Application
Based on the application, it is segmented into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, back & spine, hip & groin, and other injuries. The knee injuries segment is anticipated to dominate the market during the forecast period. The large share of this segment can be attributed to the fact that a large number of knee injuries are recorded across major sports, across the globe.
Global Sports Medicine Market by End User
Based on the end user, it is segmented into hospitals, ambulatory surgery centers, physiotherapy centers & clinics. The hospitals segment is anticipated to dominate the market during the forecast period. The large share of this segment is primarily attributed to the factors such as complex diagnostic and therapeutic procedures being carried out in hospitals. However, the physiotherapy center & clinics segment is anticipated to witness the fastest growth during the forecast period. Owing to cost effectiveness and easy availability of sports medicine equipment.
Geographical Analysis of the Global Sports Medicines Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America region is anticipated to dominate the market during the forecast period. Factors such as the increasing popularity of sports & physical activity, increasing awareness regarding the prevention & treatment of sports injuries coupled with growing investment in sports medicine are boosting the growth of the market.
Major Players in the Global Sports Medicine Market
The report analyses the major players such as 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 others.
COVID-19 Impact
Due to the postponement and cancellation of numerous sporting events during the COVID-19 epidemic, which decreased the number of sports injuries, the market for sports medicine suffered. The Tokyo Olympics and Paralympics were postponed by the International Olympic Committee to 2021 in March 2020. These occurrences had a negative effect on market expansion. Only urgent and critical surgical operations were to be addressed at this time by medical professionals and specialists.
Recent Developments
June 2021, DJO, LLC, announced the acquisition of Mathys AG Bettlach. Products such as implants for artificial joint replacement and other sports medicine solutions were added to DJO’s product portfolio. The acquisition helped the company to develop and deliver the next generation of orthopedic products to sustain its market position coupled with gaining a competitive edge over others.
March 2021, Arthrex introduced the first patient-focused educational website AnkleSprain.com, dedicated to ankle sprain treatment. This has helped the company to create awareness among people regarding ankle sprain, thereby positively impacting company’s clientele.
June 2020, Smith+Nephew launched Intellio in the market. Intelllio is a sports medicine system connectivity and management platform. This app allows to connect and control arthroscopy surgical towers wirelessly.
Frequently Asked Questions
Q1. How big is the Sports Medicine market?
Ans. The global Sports Medicine market size was USD 5.5 Billion in 2021 and is anticipated to reach USD 10.8 Billion in 2031, growing at a rate of 7.0% from 2022 to 2031.
Q2. What is the Sports Medicine market growth rate?
Ans. The growth rate of the Sports Medicine market is 7.0%.
Q3. Which region holds a major market share for the Sports Medicine market?
Ans. North America holds a major market share of the Sports Medicine market in 2021.
Q4. Which segment accounted for the largest Sports Medicine market share?
Ans. By application, the knee injuries segment accounted for the largest Sports Medicine market share.
Q5. Who are the key players in the Sports Medicine market?
Ans. The global Sports Medicine market report includes players such as 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 others.
Q6. What are the factors driving the Sports Medicine market growth?
Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.
Q7. What are the key growth strategies of Sports Medicine market players?
Ans. The key growth strategies of Sports Medicine market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Sports Medicine market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Sports Medicine market during the forecast period.
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- Chapter 1. Sports Medicine Market Overview
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Limitations
- 1.4. Research Methodologies
- 1.4.1. Secondary Research
- 1.4.2. Market Size Estimation Technique
- 1.4.3. Forecasting
- 1.4.4. Primary Research and Data Validation
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Premium Insights on the Market
- 3.1. Market Attractiveness Analysis, by Region
- 3.2. Market Attractiveness Analysis, by Product
- 3.3. Market Attractiveness Analysis, by Application
- 3.4. Market Attractiveness Analysis, by End User
- Chapter 4. Sports Medicine Market Outlook
- 4.1. Sports Medicine Market Segmentation
- 4.2. Market Dynamics
- 4.2.1. Market Drivers
- 4.2.1.1. Driver 1
- 4.2.1.2. Driver 2
- 4.2.1.3. Driver 3
- 4.2.2. Market Restraints
- 4.2.2.1. Restraint 1
- 4.2.2.2. Restraint 2
- 4.2.3. Market Opportunities
- 4.2.3.1. Opportunity 1
- 4.2.3.2. Opportunity 2
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Threat of New Entrants
- 4.3.2. Threat of Substitutes
- 4.3.3. Bargaining Power of Buyers
- 4.3.4. Bargaining Power of Supplier
- 4.3.5. Competitive Rivalry
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw End User Suppliers
- 4.5.2. Manufacturers
- 4.5.3. Wholesalers and/or Retailers
- 4.6. Impact of COVID-19 on the Sports Medicine Market
- 4.7. Impact of the Russia and Ukraine War on the Sports Medicine Market
- Chapter 5. Sports Medicine Market by Product
- 5.1. Market Overview
- 5.2. Body Reconstruction Products
- 5.2.1. Key Market Trends & Opportunity Analysis
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Body Support & Recovery Products
- 5.3.1. Key Market Trends & Opportunity Analysis
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.4. Accessories
- 5.4.1. Key Market Trends & Opportunity Analysis
- 5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. Sports Medicine Market by Application
- 6.1. Market Overview
- 6.2. Knee Injuries
- 6.2.1. Key Market Trends & Opportunity Analysis
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Shoulder Injuries
- 6.3.1. Key Market Trends & Opportunity Analysis
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.4. Foot & Ankle Injuries
- 6.4.1. Key Market Trends & Opportunity Analysis
- 6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.5. Elbow & Wrist Injuries
- 6.5.1. Key Market Trends & Opportunity Analysis
- 6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.6. Back & Spine Injuries
- 6.6.1. Key Market Trends & Opportunity Analysis
- 6.6.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.7. Hip & Groin Injuries
- 6.7.1. Key Market Trends & Opportunity Analysis
- 6.7.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.8. Others
- 6.8.1. Key Market Trends & Opportunity Analysis
- 6.8.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. Sports Medicine Market by End User
- 7.1. Market Overview
- 7.2. Hospitals
- 7.2.1. Key Market Trends & Opportunity Analysis
- 7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 7.3. Ambulatory Surgery Centers
- 7.3.1. Key Market Trends & Opportunity Analysis
- 7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 7.4. Physiotherapy Centers & Clinics
- 7.4.1. Key Market Trends & Opportunity Analysis
- 7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 8. Sports Medicine Market, by Region
- 8.1. Overview
- 8.2. North America
- 8.2.1. Key Market Trends & Opportunity Analysis
- 8.2.2. North America Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.2.3. North America Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.4. North America Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.2.5. North America Sports Medicine Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.2.6. The U.S.
- 8.2.6.1. The U.S. Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.2.6.2. The U.S. Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.6.3. The U.S. Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.2.7. Canada
- 8.2.7.1. Canada Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.2.7.2. Canada Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.7.3. Canada Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.2.8. Mexico
- 8.2.8.1. Mexico Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.2.8.2. Mexico Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.2.8.3. Mexico Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3. Europe
- 8.3.1. Key Market Trends & Opportunity Analysis
- 8.3.2. Europe Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.3. Europe Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.4. Europe Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3.5. Europe Sports Medicine Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.3.6. Germany
- 8.3.6.1. Germany Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.6.2. Germany Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.6.3. Germany Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3.7. France
- 8.3.7.1. France Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.7.2. France Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.7.3. France Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3.8. U.K.
- 8.3.8.1. U.K. Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.8.2. U.K. Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.8.3. U.K. Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3.9. Spain
- 8.3.9.1. Spain Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.9.2. Spain Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.9.3. Spain Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3.10. Italy
- 8.3.10.1. Italy Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.10.2. Italy Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.10.3. Italy Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.3.11. Rest of Europe
- 8.3.11.1. Rest of Europe Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.3.11.2. Rest of Europe Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.3.11.3. Rest of Europe Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.4. Asia-Pacific
- 8.4.1. Key Market Trends & Opportunity Analysis
- 8.4.2. Asia-Pacific Sports Medicine Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.4.3. Asia-Pacific Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.4. Asia-Pacific Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.4.5. Asia-Pacific Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.4.6. China
- 8.4.6.1. China Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.4.6.2. China Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.6.3. China Sports Medicine Market Size and Forecast by Product End User, 2021-2031, ($Million)
- 8.4.7. India
- 8.4.7.1. India Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.4.7.2. India Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.7.3. India Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.4.8. Japan
- 8.4.8.1. Japan Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.4.8.2. Japan Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.8.3. Japan Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.4.9. South Korea
- 8.4.9.1. South Korea Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.4.9.2. South Korea Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.9.3. South Korea Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.4.10. Rest of APAC
- 8.4.10.1. Rest of APAC Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.4.10.2. Rest of APAC Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.4.10.3. Rest of APAC Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.5. Rest of the World
- 8.5.1. Key Market Trends & Opportunity Analysis
- 8.5.2. Rest of the World Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.5.3. Rest of the World Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.4. Rest of the World Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.5.5. Rest of the World Sports Medicine Market Size and Forecast by Country, 2021-2031, ($Million)
- 8.5.6. Latin America
- 8.5.6.1. Latin America Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.5.6.2. Latin America Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.6.3. Latin America Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.5.7. Middle East
- 8.5.7.1. Middle East Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.5.7.2. Middle East Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.7.3. Middle East Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- 8.5.8. Africa
- 8.5.8.1. Africa Sports Medicine Market Size and Forecast by Product, 2021-2031, ($Million)
- 8.5.8.2. Africa Sports Medicine Market Size and Forecast by Application, 2021-2031, ($Million)
- 8.5.8.3. Africa Sports Medicine Market Size and Forecast by End User, 2021-2031, ($Million)
- Chapter 9. Competitive Landscape
- 9.1. Market Overview
- 9.2. Market Share Analysis/Key Player Positioning
- 9.3. Vendor Benchmarking
- 9.4. Developmental Strategy Benchmarking
- 9.4.1. New Product Development
- 9.4.2. Product Launches
- 9.4.3. Business Expansions
- 9.4.4. Partnerships, Joint Ventures, and Collaborations
- 9.4.5. Mergers and Acquisitions
- Chapter 10. Company Profiles
- 10.1. Stryker Corporation
- 10.1.1. Company Snapshot
- 10.1.2. Financial Performance
- 10.1.3. Product Offerings
- 10.1.4. Key Strategic Initiatives
- 10.1.5. SWOT Analysis
- 10.2. Arthrex
- 10.2.1. Company Snapshot
- 10.2.2. Financial Performance
- 10.2.3. Product offerings
- 10.2.4. Key Strategic Initiatives
- 10.2.5. SWOT Analysis
- 10.3. Wright Medical Technology
- 10.3.1. Company Snapshot
- 10.3.2. Financial Performance
- 10.3.3. Product offerings
- 10.3.4. Key Strategic Initiatives
- 10.3.5. SWOT Analysis
- 10.4. Otto Bock Healthcare
- 10.4.1. Company Snapshot
- 10.4.2. Financial Performance
- 10.4.3. Product offerings
- 10.4.4. Key Strategic Initiatives
- 10.4.5. SWOT Analysis
- 10.5. Zimmer Biomet
- 10.5.1. Company Snapshot
- 10.5.2. Financial Performance
- 10.5.3. Product offerings
- 10.5.4. Key Strategic Initiatives
- 10.5.5. SWOT Analysis
- 10.6. Smith & Nephew, Breg, Inc
- 10.6.1. Company Snapshot
- 10.6.2. Financial Performance
- 10.6.3. Product offerings
- 10.6.4. Key Strategic Initiatives
- 10.6.5. SWOT Analysis
- 10.7. Muller Sports, Inc
- 10.7.1. Company Snapshot
- 10.7.2. Financial Performance
- 10.7.3. Product offerings
- 10.7.4. Key Strategic Initiatives
- 10.7.5. SWOT Analysis
- 10.8. RTI Surgical
- 10.8.1. Company Snapshot
- 10.8.2. Financial Performance
- 10.8.3. Product offerings
- 10.8.4. Key Strategic Initiatives
- 10.8.5. SWOT Analysis
- 10.9. Performance Health International Limited
- 10.9.1. Company Snapshot
- 10.9.2. Financial Performance
- 10.9.3. Product offerings
- 10.9.4. Key Strategic Initiatives
- 10.9.5. SWOT Analysis
- 10.10. KARL STORZ
- 10.10.1. Company Snapshot
- 10.10.2. Financial Performance
- 10.10.3. Product offerings
- 10.10.4. Key Strategic Initiatives
- 10.10.5. SWOT Analysis
- 10.11. Bauerfeind AG
- 10.11.1. Company Snapshot
- 10.11.2. Financial Performance
- 10.11.3. Product offerings
- 10.11.4. Key Strategic Initiatives
- 10.11.5. SWOT Analysis
- 10.12. CONMED Corporation
- 10.12.1. Company Snapshot
- 10.12.2. Financial Performance
- 10.12.3. Product offerings
- 10.12.4. Key Strategic Initiatives
- 10.12.5. SWOT Analysis
- 10.13. Johnson & Johnson
- 10.13.1. Company Snapshot
- 10.13.2. Financial Performance
- 10.13.3. Product offerings
- 10.13.4. Key Strategic Initiatives
- 10.13.5. SWOT Analysis
- 10.14. Ossur Corporate
- 10.14.1. Company Snapshot
- 10.14.2. Financial Performance
- 10.14.3. Product offerings
- 10.14.4. Key Strategic Initiatives
- 10.14.5. SWOT Analysis
- 10.15. Cramer Product, Inc
- 10.15.1. Company Snapshot
- 10.15.2. Financial Performance
- 10.15.3. Product offerings
- 10.15.4. Key Strategic Initiatives
- 10.15.5. SWOT Analysis
- 10.16. Anika Therapeutics, Inc
- 10.16.1. Company Snapshot
- 10.16.2. Financial Performance
- 10.16.3. Product offerings
- 10.16.4. Key Strategic Initiatives
- 10.16.5. SWOT Analysis
- 10.17. DJO Global
- 10.17.1. Company Snapshot
- 10.17.2. Financial Performance
- 10.17.3. Product offerings
- 10.17.4. Key Strategic Initiatives
- 10.17.5. SWOT Analysis
- *The list of company is subject to change during the final compilation of the report
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