Rising incidence of sports & exercise-related injuries, ligament tears, & fractures, improvements in healthcare infrastructure & facilities, and increasing investment in research & development activities are driving global market revenue growth
The global sports medicine market is expected to reach USD 11.4 Billion in 2028 and register a steady revenue of 6.4% over the forecast period, according to a latest report published by Reports and Data. Key factors driving global market revenue growth are rising awareness about physical fitness & personal health, growing healthcare spending, and increasing focus on developing advanced equipment & devices.
In recent years, there has been a steady increase in sports injuries as various schools & educational institutes are encouraging sports activities. Similarly, large population across the globe is adopting a healthy lifestyle and adopting daily exercise and sports routine. Sports injuries can be caused to professional athletes, as well as non-athletes due to factors such as practice of improper techniques, lack of conditioning, impact, or insufficient warm-up & training. Sports medicine is a branch of specialty medicine that deals with treatment and prevention for various sports & exercise-related injuries. Sprains, fractures, stingers, disc injuries, and dislocations are some of the most common sports injuries caused due to playing cricket, football, ice hockey, baseball, volleyball, bicycle riding, and swimming, among others. Rising budget for sports, increasing investments in research & development activities, availability of advanced equipment & devices for treating sports injuries, and high adoption of 3D printing for making orthopedic devices are boosting market revenue growth.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Arthrex, Inc (US), Smith & Nephew plc (UK), Stryker Corporation (US), Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US).
Market Segmentation by Types:
Products Outlook (Revenue in Million USD; 2018–2028)
- Body Reconstruction Products
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Implants
- Prosthetic Devices
- Orthobiologics
- Body Support and Recovery Products
- Braces and Supports
- Compression Clothing
- Physiotherapy Equipment
- Thermal Therapy
- Electrostimulation
- Other Therapies
- Ultrasound Therapy
- Laser Therapy
- Accessories
- Tapes
- Disinfectants
- Wraps
- Others
Applications Outlook (Revenue in Million USD; 2018–2028)
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Hip and Groin Injuries
- Other Injuries
Body Monitoring and Evaluation Devices Outlook (Revenue in Million USD; 2018–2028)
- Cardiac monitoring and evaluation devices
- Respiratory monitoring and evaluation devices
- Hemodynamic monitoring and evaluation devices
- Musculoskeletal monitoring and evaluation devices
- Others
End use outlook (Revenue in Million USD; 2018–2028)
- Hospitals
- Physiotherapy clinics
- Rehab centers
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Sports Medicine market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Further key findings from the report suggest
- According to the EU IDB catalog, 4.5 million people are treated for sports-related injury, which includes age groups above 15-25 years old. Statistics also predicts that the incidences of injuries are expected to increase significantly in the forecast period. The rise in injury is likely to increase in the developing countries, as physical activities are attaining importance in these countries it is expected to fuel the sports medicine market worldwide.
- There is a new evolution for the development of bioresorbable implants. The use of arthroscopic procedures and absorbable implants are common for the treatment of injuries, for better graft fixation.
- Technology on the absorbable polymer, such as the development of calcium polymer composite materials has number of advantages than MRI imaging, metal contamination, and better healing. Meniscus tears are prevalent, where mostly total knee replacement is considered for the treatment.
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