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2022

Sports Medicine Market

Sports Medicine Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Body Reconstruction & Repair, Body Support & Recovery Products, Body Monitoring and Evaluation Devices and Accessories), Application (Knee Injuries, Shoulder Injuries, Ankle & Foot Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Hip Injuries, & Other Injuries): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Sanjivan Gill| Astha Singh | Roshan Deshmukh
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Sports Medicine Market Outlook 2030: 

The sports medicine market size was valued at $8520 million in 2020, and is projected to reach $12862 million by 2030, registering a CAGR of 5.1% 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. 

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.

Sports-Medicine-Market

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.

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, DePuy Synthes, 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. DePuy Synthes 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.

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. 

Sports Medicine Market
By Product
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Body Reconstruction And Repair segment holds the dominant position

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. 

Sports Medicine Market
By Application
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Knee Injuries segement is expected to be the most lucrative sgment during the forecast period

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. 

Sports Medicine Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 7.0% during 2021-2030

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.

Sports Medicine Market Report Highlights

Aspects Details
Sports Medicine Market By Product
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
Sports Medicine Market By Application
By Application
  • Knee Injuries
  • Shoulder Injuries
  • Ankle and Foot Injuries
  • Back and Spine Injuries
  • Elbow and Wrist Injuries
  • Hip Injuries
  • Other Injuries
Sports Medicine Market By Region
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)
Sports Medicine Market By Key Market Players
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

Analyst Review

This section provides various opinions of top-level CXOs in the sports medicine market. In accordance with several interviews conducted, utilization of sports medicine products in the treatment of knee injuries, shoulder injuries, ankle & foot injuries, back & spine injuries, elbow & wrist injuries, and hip injuries has increased significantly over the years. Xx is the highest revenue-generating region, whereas Asia-Pacific is expected to register highest growth in the sports medicine market from 2020 to 2030.

Growth in the sports medicine market is primarily driven by factors such as rise in incidences of sports injuries, continuous influx of new products & treatment modalities, developments in the field of regenerative medicine, and rise in demand for minimally invasive surgeries. Rise in adoption of extreme sports activities, increase in incidences of sports related injuries, growth in awareness among individuals regarding fitness and sports, and rapid advancements in sports medicine are some factors expected to drive the sports medicine market growth.

According to CXOs, on the basis of region, North America contributed to the largest share of the sports medicine market in the year 2020. This is attributed to surge in participation in sports events, which results in sports-related injuries. Furthermore, presence of key players in the region has led to easy availability of sports medicine in the region, which is another major factor that leads to growth of the market. Moreover, Asia-Pacific is expected to grow with highest CAGR during the forecast period, owing to surge in awareness related to early treatment of sports injuries and surge in healthcare expenditure in the region.

 

Author Name(s) : Sanjivan Gill| Astha Singh | Roshan Deshmukh
Frequently Asked Questions?

The total market value of sports medicine market is $8,520 million in 2020.

The forecast period for pharmacy automation systemscoatings market is 2021 to 2030

The market value of sports medicine market in 2030 is $12,862 million.

The base year is 2020 in sports medicine market

Top companies such as, Smith & Nephew, Stryker Corporation, Arthrex, Inc, Johnson & Johnson (Depuy Synthes) and Zimmer Biomet Holdings, Inc. held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.

Body reconstruction & repair products segment is expected to account for the largest market share in the year 2020. The growth in the market is because these products are responsible for repairing as well as restoring the functions of the injured parts of the body.

The major factor that fuels the growth of the sports medicine market includes increasing demand of sports medicine owing to the rising incidence of sports injuries.

Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as China with a CAGR of 7.0%.

Sports Medicine is defined as the products which are used in treatment of injuries resulting from sports activites.

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Sports Medicine Market

Global Opportunity Analysis and Industry Forecast, 2021-2030