Increasing Incidence of Sports Injuries Drives Market Growth

As per the estimates of Stanford 'Children's Health, approximately 30 million children participated in sports and other recreational activities in 2019 in the U.S. Furthermore, every year, about 3.5 million injuries are reported in this country, and approximately 75,000 children belonging to the age group of 14 and below14 which are treated for sports injuries. This high participation rate of children in sports and other recreational activities, along with a rise in the number of sport injuries is creating demand for the sports medicine and expected to enhance the market growth.

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Data Bridge Market Research analyses that the Sports Medicine Market expected to reach USD 8.21 billion by 2029 from USD 5.00 billion in 2021, growing with a CAGR of 6.40% in the forecast period of 2022 to 2029. Growing demand for 3D-printed implants is likely to increase the growth of the global sports medicine market.

Sports Medicine Market

An increasing influx of athletes is expected to drive the market's growth rate

In various professional sports, there is a growing influx of athletes. Various young people are looking forward to creating their interest in building their career in any type of sports. The increasing influx of athletes has increased their performance in their sports activity. Thus, the growing influx of athletes has aided to increase the demand for the sports medicine. Also, increased sports benefits and facilities are encouraging more people to develop their career as a sports professional. As athletes are increasing all over the globe, the demand of sports medicine also raised rapidly to treat the injury of athletes. As a result, the demand for the sports medicine increases and eventually drives the market's growth.

 Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014- 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Novartis AG (Switzerland), Wright Medical Group N.V. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Arthrex Inc. (U.S.), AlloSource (U.S.), Braun Melsungen AG (Germany), Smith & Nephew plc (Germany), Zimmer Biomet (U.S.), Össur (Iceland), Medtronic (Ireland), Mueller Sports Medicine, Inc. (U.S.), CONMED Corporation (U.S.), Surgalign (U.S.), Arthrex Inc. (U.S.), AlloSource (U.S.), Stryker (U.S.), Hanger Inc., (U.S.) and Otto Bock Healthcare Gumby (Germany)

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

The sports medicine market is segmented on the basis of products, application, procedure and end user.

  • On the basis of products, global sports medicine market is segmented into body reconstruction products and body support and recovery products.

The body reconstruction products segment of product segment is anticipated to dominate the sports medicine market

Body reconstruction products segment is expected to dominate the global sports medicine market with 54.20% market share owing to growing cases of sports injuries, so sports athletes need to take care of their body parts in sport activities.

  • On the basis of application, global sports medicine market is segmented into knee, hip, shoulder and elbow, foot and ankle, hand and wrist, back and spine injuries and other Injuries.

The knee segment of application segment is anticipated to dominate the sports medicine market

Knee segment is expected to dominate the global sports medicine market with 32.18% market share owing to increasing ligament tears and knee fractures leading to rising knee applications in global sports medicine market globally.

  • On the basis of procedure, global sports medicine market is segmented into knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures, hand and wrist arthroscopy procedures and others. Knee arthroscopy procedures segment is expected to dominate the global sports medicine market with 34.90% market share owing to growing knee disorders which aids to increase the demand for knee arthroscopic procedures to treat knee injury. 
  • On the basis of end user, global sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others. Hospitals segment is expected to dominate the global sports medicine market with 48.52% market share owing to growing usage of sports medicine in surgical implants such as wrist, knee, shoulder and elbow to treat any type of sports injury.

Major Players

Data Bridge Market Research recognizes the following companies as the major sports medicine market players in sports medicine market Novartis AG (Switzerland), Wright Medical Group N.V. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Arthrex Inc. (U.S.), AlloSource (U.S.), Braun Melsungen AG (Germany), Smith & Nephew plc (Germany), Zimmer Biomet (U.S.), Össur (Iceland), Medtronic (Ireland), Mueller Sports Medicine, Inc. (U.S.), CONMED Corporation (U.S.),

Sports Medicine Market

Market Development

  • In 2021, DJO announced its acquisition with Mathys AG Bettlach, which is anorthopedic implants developer in Switzerland. This acquisition helps the company in delivering and developing next-generation orthopedic innovations.    
  • In 2020, Anika Therapeutics Inc. Received the U.S. Food and Drug Administration (USFDA) clearance for their six innovative products that address the requirements of sports medicine and orthopedic surgeons. These products are planned to be commercialized in the upcoming period.
  • In 2020, Smith & Nephew introduced "Intellio" in the market. Intellio is a platform that manages and connects sports medicine systems. This app assists in remotely controlling and wirelessly connecting arthroscopy surgical towers.

Regional Analysis

Geographically, the countries covered in the sports medicine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in sports medicine market during the forecast period 2022 to 2029

North America dominates the sports medicine market due to the strong base of healthcare facilities, coupled with strong presence of major market players in this region. Moreover, increasing government initiative to encourage athletes for playing any sport, rising cases of sport injuries and increasing number of research activities are some of the other major factor which will further boost the market growth in this region.  

Asia-Pacific is estimated to be the fastest-growing region in sports medicine market the forecast period 2022 to 2029

Asia-Pacific is expected to grow during the forecast period of 2022 to 2029 owing to rise in government initiatives to promote awareness regarding sports and growth in medical tourism in this region. Additionally, the availability of huge untapped markets a growing influx of new treatments and products owing to active government participation are some of the other major factors which will further boost the market growth in this region. 

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