Sports Medicine Market Size to Reach Around $12862 Mn by 2030

The sports medicine market size was accounted at $8520 million in 2020, and is expected to reach around $12862 million by 2030, registering growth at a CAGR of 5.4% from 2021 to 2030.

The sports medicine market size was accounted at $8520 million in 2020, and is expected to reach around $12862 million by 2030, registering growth at a CAGR of 5.4% from 2021 to 2030.

Sports medicine is a broad field of medical practices associated with physical and sports activity. It is the branch of medicine that deals with physical fitness and treatment and prevention of injuries related to sports and exercise. It focuses on areas of performance enhancement, injury care, and prevention of sportsmen. It includes preventative measures such as injury prevention and coverings like rehabilitation and osteopathy. Healthcare professional involved in sports medicine practices preventive measures such as conditioning and injury prevention, rehabilitation, injections, and other treatments such as osteopathic manipulation.

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In addition, it also involves fields such as body evaluation, body monitoring, body reconstruction, recovery, and support, as well as extending its application in areas such as hip injuries, ankle & foot injuries, knee injuries, back & spine injuries, and shoulder injuries. Sports medicine is a branch of medicine that deals with physical fitness and treatment and prevention of injuries related to sports and exercise.

Medicine also covers exercise intervention to stop and manage chronic diseases. The medicine team includes sports orthopedic surgeons, sports physicians, sports physiotherapists, sports trainers, sports massage therapists, sports podiatrists, and sports scientists. Demand for sports medicine is on the rise, owing to growth in incidences of sports injuries and rise in participation of people in fitness and sports-related activities. Moreover, a shift from proactive to preventive care for sports injuries is further anticipated to boost the market for sports medicine during the forecast period.

Scope of the Report

Report Coverage

Details

Market Size in 2020

$8520 Million

Revenue Forecast by 2030

$12862 Million

CAGR

5.4% from 2021 to 2030

Base Year

2021

Forecast Data

2022 to 2030

Thus, rise in incidences of sports injuries is expected to propel the market growth. Moreover, government initiatives for the sports industry are continuously liable for expansion of the market. However, high cost of products is expected to hinder expansion of the medicine market. Nonetheless, untapped markets and changing regulatory scenarios for medicine are expected to open a replacement opportunity for the sports medicine market in the coming years.

Growth of the sports medicine market is driven by rise in incidents of sports injuries, consistent innovation of new products and treatment modalities, and growth in healthcare expenditure.

Increase in adoption of extreme sports activities, rise in incidences of sports related injuries, growth in awareness among individuals regarding fitness & sports, availability of medical instruments, and rapid advancements in sports medicine are expected to drive the sports medicine market growth.

However, rise in number of product recalls and lack of healthcare infrastructure in under-developed countries is obstructing the market growth. Recently, on August 25, 2021, DePuySynthes, a subsidiary of Johnson & Johnson announced that it will feature new products and technology solutions shaping new standards of care for modern day orthopedics during the American Academy of Orthopedic Surgeons (AAOS) annual meeting. The new featured products will be robotic and more personalized. DePuySynthes is expected to provide next generation product innovations spanning its VELYS product portfolio in digital surgery, hip, knee, shoulder, trauma & extremities, spine, and sports medicine.

On 8 February 2022, the DJO global company announced that it renewed its partnership with the Professional Football Athletic Trainers Society (PFATS). PFATS is a professional society composed of certified athletic trainers working in professional football. PFATS will recommend and endorse specific DJO products as part of its partnership with DJO. It is the leading global provider of medical technologies dedicated to powering motion. The purpose of the partnership is to provide medical devices for focuses on injury prevention through top-of-the-line bracing products and drives awareness of benefits of bracings at an early age.

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Impact Of Covid-19 On Sports Medicine Market (Pre And Post Analysis)

The World Health Organization (WHO) on January 30, 2020 declared COVID-19 flare-up a general wellbeing crisis of international concern. Coronavirus has impacted around 210 countries across the globe. In the COVID-19 pandemic, state run administrations across the globe declared lockdowns as well as friendly distancing measures to forestall breakdown of the healthcare structure. States have additionally given constraints and preventions on undertakings and elective surgeries. These deterrents continue to influence growth of various industries and the speedy impact of the episode changes starting with one industry. Scattering, production, and store network have been impacted, owing to execution of lockdown across the globe.

Similarly, the sports medicine market was also impacted during the pandemic. The overall impact of COVID-19 on the market was negative. This was attributed to decline in demand for sports medicine. Decline in demand was initially due to decrease in number of sports tournaments and sports activities due to strict worldwide lockdowns in 2020. Furthermore, the market was also impacted in a negative manner, owing to disruptions in supply channels of sports medicine market. In addition, manufacturing of medicines was impacted during the first wave of pandemic, which lead to negative impact in 2020. The sports medicine market has shown a recovery in the year 2021, owing to surge in demand and relaxations in lockdowns leading to surge in number of sport activities throughout the globe.

Sports Medicine Market Segmentation

The sports medicine industry is segmented on the basis of product, application, and region. By product, it is classified into body reconstruction & repair products, body support & recovery products, body monitoring & evaluation, and accessories. Body reconstruction & repair products are sub-segmented into implants, arthroscopy devices, fracture and ligament repair devices, prosthetic devices, and orthobiologics. Further, body support & recovery products are sub-segmented into thermal therapy products, brace and support devices, and compression clothing. Body monitoring and evaluation is sub-segmented into cardiac monitoring & evaluation, respiratory monitoring & evaluation, hemodynamic monitoring & evaluation, muscoskeletal monitoring & evaluation, and other monitoring & evaluation.

By application, it is divided into knee injuries, shoulder injuries, ankle & foot injuries, elbow & wrist injuries, hip & groin injuries, back & spine injuries, and other injuries.

Region wise, it is segmented into North America, Asia-Pacific, Europe, and LAMEA.

Product type segment review

On the basis of product, the body reconstruction & repair products segment is expected to account for the largest market share in the year 2020. It is also expected to witness fastest growth during the forecast period. The growth in the market is attributed to the fact these products are responsible for repairing as well as restoring functions of injured parts of the body. Furthermore, a large number of novel body reconstruction & repair products with added benefits also drive the growth of the sports medicine market.

Application segment review

By application, the knee injuries segment acquired the highest share of the sports medicine market in the year 2020. It is also expected to witness fastest growth during the forecast period This is attributed to surge in prevalence of sports related knee injuries.

Major key players operating in sports medicine market include Arthrex Inc., CONMED corporation, DJO global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V, Smith & Nephew Plc., Stryker Corporation, Wright Medical group, and Zimmer Biomet Holdings Inc.

Key Benefits for Stakeholders

  • The study provides an in-depth analysis of the sports medicine market size along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers hemodialysis catheters market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and global sports medicine market growth.

 Key Market Segments

  • By Product
    • Body Reconstruction and Repair
      • Implants
      • Arthroscopy Devices
      • Fracture and Ligament Repair Devices
      • Prosthetic Devices
      • Orthobiologics
    • Body Support and Recovery
      • Thermal Therapy Products
      • Brace and Support Devices
      • Compression Clothing**Monitoring Devices
      • Others
    • Body Monitoring and Evaluation Devices
    • Cardiac monitoring and evaluation devices
    • Respiratory monitoring and evaluation devices
    • Hemodynamic monitoring and evaluation devices
    • Muscoskeletal monitoring and evaluation devices
    • Other monitoring and evaluation devices
    • Accessories
  • By Application
    • Knee Injuries
    • Shoulder Injuries
    • Ankle and Foot Injuries
    • Back and Spine Injuries
    • Elbow and Wrist Injuries
    • Hip Injuries
    • Other Injuries
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • Australia
      • India
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • South Africa
      • Rest of LAMEA
  • By Key Market Players
    • Arthrex Inc.
    • CONMED Corporation,
    • DJO Global,
    • Johnson & Johnson
    • Mueller Sport Medicine
    • Orthofix International N.V
    • Smith & Nephew Plc.
    • Stryker Corporation
    • Wright Medical group
    • Zimmer Biomet Holdings ,Inc

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