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Global Sports Medicine Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Published Report
  • Mar 2022
  • Global
  • 416 Pages
  • No of Tables: 296
  • No of Figures: 72

Global Sports Medicine Market, By 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) – Industry Trends and Forecast to 2029

Sports Medicine Market

Global Sports Medicine Market Analysis and Size

Rising number of youngsters participating in sports related activities means that that is a high probability of sports injuries. This calls for preventive measures and injury care solutions. This is where the role of sports medicine comes into play. Sports medicine is not a very new concept and has been into existence since ancient times.   

  • Data Bridge Market Research analyses that the sports medicine market is expected to undergo a CAGR of 6.40% during the forecast period. This indicates that the market value, which was USD 5.00 billion in 2021, would rocket up to USD 8.21 billion by 2029. “Body Reconstruction Products” dominates the type segment of the sports medicine market owing to increasing cases of sports injuries as sports athletes need to take care of their body parts during sport activities and maintains it for long run. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Sports Medicine Market Definition

From the name itself, it is clear that sports medicine is a branch of medicine that deals with providing physical fitness and treatment and solutions for prevention of injuries against sports injuries. Sports injuries aim to improve the performance of the sportsperson, provide injury care and facilitate preventative measures such as rehabilitation and osteopathy.           

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, 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. (US), Johnson & Johnson Services, Inc. (US), Arthrex Inc. (US), AlloSource (US), Braun Melsungen AG (Germany), Smith & Nephew plc (Germany), Zimmer Biomet (US), Össur (Iceland), Medtronic (Ireland), Mueller Sports Medicine, Inc. (US), CONMED Corporation (US), Surgalign (US), Arthrex Inc. (US), AlloSource (US), Stryker (US), Hanger Inc, (US) and Otto Bock Healthcare GmBH (Germany)

Market Opportunities

  • Growth in the advancement in multi-cloud computing solutions
  • Increasing number of healthcare and pharmaceutical facilities globally
  • Rising research and development opportunities

Sports Medicine Market Dynamics

Drivers

  • Rising prevalence of injuries

Growing incidence of sports injuries all around the world is directly influencing the growth of the market. This projects that increasing incidence rate of sprains and strains, knee injuries, swollen muscles, Achilles tendon injuries, pain along the shin bone, rotator cuff injuries, fractures (broken bones) and dislocations is directly influencing the growth of the market. According to the Board of Certification for Athletic Trainers, an estimated 2 million acute ankle injuries occur annually in the US.

  • Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted to understand the human body is also bolstering the market growth rate.

  • Growing investment for healthcare facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, rising demand for minimally invasive surgeries, growing participation of youngsters in sports and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rising internet penetration rate, increasing adoption of arthroscopic surgeries, growing influx of new products and treatment modalities and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges Global Sports Medicine Market

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, high cost associated with the sports medicine and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies,  risk associated with implant devices , and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This sports medicine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sports medicine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Sports Medicine Market

COVID-19 gave a setback to the market owing to the imposition of strict lockdown measures and travel restrictions. One of the biggest and recent example is in March 2020, the International Olympic Committee postponed the 2020 Tokyo Olympics. This was done for the safety of players and the global aim to avoid the spread of pandemic. Postponement of several other tournaments and championships directly and negatively influenced the market growth rate. In this period, 6.3 million orthopedic surgeries canceled worldwide.  

Recent Development

  • In July 2020, Anika Therapeutics Inc. received the US Food and Drug Administration (USFDA) clearance for six innovative products that address the needs of orthopedic and sports medicine surgeons. The products are planned to be commercialized in the future.
  • In June 2020, Smith & Nephew introduced "Intellio" in the market. Intellio is a platform that connects and manages sports medicine systems. This app helps in wirelessly connecting and remotely controlling arthroscopy surgical towers.

Global Sports Medicine Market Scope

The sports medicine market is segmented on the basis of products, application, procedure and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Products

  • Body Reconstruction Products
  • Body Support and Recovery Products

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

Application

  • Knee
  • Hip
  • Shoulder and Elbow
  • Foot and Ankle
  • Hand and Wrist
  • Back and Spine Injuries
  • Other Injuries

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

On the basis of procedure, the 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. 

End User

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Others

On the basis of end user, the sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers and others.

Sports Medicine Market Regional Analysis/Insights

The sports medicine market is analysed and market size insights and trends are provided by country, products, application, procedure and end user as referenced above.

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.

North America dominates the sports medicine market because of the strong base of healthcare facilities, strong presence of major players in the market, increasing government initiative to encourage the athletes for playing any of the sport, increases cases of sport injuries among the athletes and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, growing influx of new products and treatment modalities due to active government participation in encouraging sports activities and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The sports medicine market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sports medicine market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sports medicine market. The data is available for historic period 2010-2020.

Competitive Landscape and Sports Medicine Market Share Analysis

The sports medicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sports medicine market.

Some of the major players operating in the sports medicine market are:

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

Research Methodology : Global Sports Medicine Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sports-medicine-market

Customization Available : Global Sports Medicine Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Sports Medicine Market Value is expected USD 8.21 billion by 2029.
The Sports Medicine Market is Projected to Grow at a CAGR of 6.40% During the Forecast Period of 2022 to 2029.
Novartis AG (Switzerland), Wright Medical Group N.V. (US), Johnson & Johnson Services, Inc. (US), Arthrex Inc. (US), AlloSource (US), Braun Melsungen AG (Germany), Smith & Nephew plc (Germany), Zimmer Biomet (US), Össur (Iceland), Medtronic (Ireland), Mueller Sports Medicine, Inc. (US), CONMED Corporation (US), Surgalign (US), Arthrex Inc. (US), AlloSource (US), Stryker (US), Hanger Inc, (US) and Otto Bock Healthcare GmBH (Germany) are the Major Companies Operating in Sports Medicine Market.
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.
The Sports Medicine Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.