Sports Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Sports Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global sports medicine market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.

Sports medicine, also known as sports and exercise medicine (SEM), is an area of medical practice that is concerned with preventing, diagnosing and treating sports or exercise-related injuries. Its primary objective is to help sports enthusiasts engage in exercising safely as well as effectively for achieving their training goals. Generally, sports medicine providers are equipped with specialized training to assist patients in maximizing function and minimizing disability. They treat a wide range of physical conditions like acute traumas including strains, sprains, fractures and dislocations as well as chronic overuse injuries such as tendonitis, degenerative diseases and overtraining syndrome.

Sports Medicine Market Trends:
The demand for sports medicine is rising on account of the altering lifestyles of consumers and the growing incidences of sports injuries across the globe. This can also be attributed to the rising number of individuals who are choosing sports as a career, owing to the presence of numerous opportunities, such as scholarships and corporate funding, and developing sports infrastructure. Apart from this, a rise in the demand for minimally invasive surgeries is also impelling the market growth. Moreover, rising smoking rates, sedentary lifestyles, increasing adoption of the fast food and over-consumption of alcohol, in both the developed and emerging economies, has led to a rise in the prevalence of life-threatening diseases over the years. The rising awareness about these diseases is anticipated to encourage individuals to engage in different sports activities for maintaining their wellbeing and fitness, thereby boosting the sports medicine market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sports medicine market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, application and end-user.

Breakup by Product:

Body Reconstruction
Fracture & Ligament Repair Products
Arthroscopy Devices
Implants
Orthobiologics
Prosthetics
Body Support and Recovery
Braces & Supports
Physiotherapy
Thermal Therapy
Ultrasound Therapy
Laser Therapy
Electrostimulation Therapy
Body Monitoring and Evaluation
Cardiac Monitoring
Respiratory Monitoring
Hemodynamic Monitoring
Musculoskeletal Monitoring
Compression Clothing
Accessories
Bandages
Disinfectants
Tapes
Others

Breakup by Application:

Knee Injuries
Shoulder Injuries
Foot & Ankle Injuries
Hip & Groin Injuries
Elbow & Wrist Injuries
Back & Spine Injuries
Others

Breakup by End-User:

Hospitals
Orthopedic Specialty Clinics
Fitness and Training Centers
Ambulatory Surgical Centers (ASCs)
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Arthrex, Smith & Nephew PLC, Medtronic PLC, Wright Medical Group, Bioventus LLC, Stryker Corporation, Mueller Sports Medicine, RTI Surgical Holdings, Breg, Conmed Corporation, Performance Health International Limited, Bauerfeind AG, KARL STORZ Gmbh & Co. kg, Zimmer Biomet Holdings, etc.

Key Questions Answered in This Report
1. What was the size of the global sports medicine market in 2022?
2. What is the expected growth rate of the global sports medicine market during 2023-2028?
3. What are the key factors driving the global sports medicine market?
4. What has been the impact of COVID-19 on the global sports medicine market?
5. What is the breakup of the global sports medicine market based on the product?
6. What is the breakup of the global sports medicine market based on the application?
7. What is the breakup of the global sports medicine market based on the end-user?
8. What are the key regions in the global sports medicine market?
9. Who are the key players/companies in the global sports medicine market?