Global Sports Medicine Market By product,(Athletic Tapes & Wraps, Dressings, Emergency Equipment, Exercise & Rehabilitation Products, Foot Care, Felt, Foam & Pressure Relief Products, Hydration Products, Pharmaceutical & Sundries, Diagnostics, Others) by application, (Ankle & Foot Injuries, Shoulder Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Knee Injuries, Hip & Groin Injuries, Other Injuries) by end user, (Hospitals, Ambulatory Surgical Centres, Homecare, Others) and Geography

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Sports Medicine Market is expected to grow from USD 5.38 billion in 2021 to USD 7.77 billion by 2028, at a CAGR of 5.4% during the forecast period 2022 to 2028. Sports medicine is the branch of medicine concerned with the physiological aspects of athletic performance especially treatment of injuries in sports and exercise. Sports medicine is also known as sports and exercise medicine (SEM). In general, sports medicine are used in prevention or immediate treatment of musculoskeletal injuries such as contusions, sprains, strains, meniscal injuries, bursitis and fractures & dislocations, which occur during the sports/exercise. Sports medicine market is expected to grow at significant rate owing to growing incidents of sports injuries. Sports medicicne market is characterised by diverse presence of multinational and regional market players. People who participate in sports have a high rate of ligament tears and fractures. In addition, sports injuries to the lower extremities account for a significant share of all injuries in the world. The demand for injury treatment and rehabilitation is predicted to rise across the country as more people participate in sports (both children and adults) and the frequency of sports injuries rises. Companies are adopting collaborations and alliances for increasing their market revenue share. For instance, in May 2017, Stryker and AlloSource are collaborated to distribute biologics for sports medicine procedures. Through this collaboration, stryker sports medicine sales force will distribute AlloSource biologics for various sports medicine procedures. Furthermore, companies are acquiring small and medium-sized market players to diversify the product portfolio and strengthen their market position. For instance, in February 2015, DePuy Synthes Companies (Subsidiary of Johnson & Johnson Servieces Inc.) acquired Olive Medical Corporation, provider of high definition visualisation systems for minimally invasive surgeries, this acquisition aguments DePuy Synthes Miteck Sports medicine line.Emerging countries such as India and China have a huge patient population and are likely to offer substantial growth prospects for sports medicine players, owing to rising disposable incomes (as a result of rapid economic expansion) and increased engagement in sports and physical activities.

Sports Medicine Market Summary

Study Period

2023-29

Base Year

2022

CAGR

5.4%

Largest Market

Europe

Fastest Growing Market

Asia Pacific
Sports Medicine Market Dynamics

Global sports medicine market is mainly driven by growing awareness related to physical fitness and rising incidents of sports injuries. Furthermore, increase in government funding for sports-related activities and advances in orthopaedics injuries management such as emergence of minimally invasive surgery techniques and allograft techniques are expected to boost the sports medicine market over the forecast period. In addition, companies R&D activities related to sports medicine and increase in sport activities globally boosting the sports medicine market. However, lack of skilled professionals for injuries treatment, and insufficient reimbursement policies for sports medicine are expected to hamper the growth of the during the forecast period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Sports Medicine Market Segmentation

Product Type
  • Athletic Tapes & Wraps
  • Dressings
  • Emergency Equipment
  • Exercise & Rehabilitation Products
  • Foot Care
  • Felt, Foam & Pressure Relief Products
  • Hydration Products
  • Pharmaceutical & Sundries
  • Diagnostics
  • Others
Application
  • Ankle & Foot Injuries
  • Shoulder Injuries
  • Back & Spine Injuries
  • Elbow & Wrist Injuries
  • Knee Injuries
  • Hip & Groin Injuries
  • Other Injuries
End User
  • Hospitals
  • Ambulatory Surgical Centres
  • Homecare
  • Others

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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  • Stryker Corporation (U.S.)
  • Smith & Nephew Plc (U.K.)
  • Johnson & Johnson Services Inc. (Depuy Mitek) (U.S.)
  • Conmed Corporation (U.S.)
  • Arthrex, Inc. (U.S.)
  • Zimmer Biomet Holdings, Inc., (U.S.)
  • Mueller Sports Medicine, Inc. (U.S.)
  • Breg, Inc. (Orthofix) (U.S.)
  • DJO Global, Inc. (U.S.)
  • MedShape, Inc. (U.S.)
  • Wright Medical Group Inc. (U.S.)
  • NuVasive, Inc. (U.S.)
  • Osiris Therapeutics, Inc. (U.S.)