Global Sports Medicine Devices Market Growth Stimulated by Demand for Minimally Invasive Treatments

Inkwood Research estimates that the Global Sports Medicine Devices Market is predicted to rise with a CAGR of 6.53% in terms of revenue over the forecasting years of 2022-2030.

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Sports medicine deals with injuries that occur on and off-field sports. The field of medicine is also characterized by physical fitness, as well as the prevention and treatment of injuries due to athletic activities. Some of the most common types of athletic injuries are swollen muscles, sprains, fractures, and dislocations, among others.

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Rising Demand for Minimally Invasive Techniques to Propel Market Growth

Sports medicine treatments incorporating minimally invasive techniques such as arthroscopy ensure a more rapid recovery process. Moreover, the benefits of minimally invasive treatments also entail fewer complications, less blood loss, minimal scarring, as well as a smaller incision.
When combined with the right physical therapy, minimally invasive techniques enable athletes to get back on the field quickly and with enhanced safety. As a result, the market space is set to record an increasing demand for minimally invasive surgeries for sports injuries, in addition to the rise in the number of sports medical centers. This factor is set to play an essential role in proliferating the growth and development of the global sports medicine market over the upcoming years.

Body Monitoring and Evaluation to be the Fastest-Growing Device Type

Body monitoring and evaluation is highly essential in the field of sports medicine. Advanced technological and innovations in sports facilitate personal signal capturing through an on-person, long-term, direct-contact approach. As a result, the devices can monitor human physiological function as well as performance during real-time activities and events. The demand for portable and wearable sports devices is primarily fueled by factors such as lower cost, increased availability, and key developments in personal computing devices. These include digital watches and smartphones, among others.

North America to Dominate the Global Market by 2030

With the highest market share in 2021, the North America sports medicine devices market is set to dominate the global market. The significant market growth of the region is accredited to the growing participation in sports and leisure activities and the resultant injuries. Moreover, the increasing number of water sports activities, including water rafting, surfing, and motorboat sports, especially among the younger population, is also expected to play a vital role in propelling the demand for sports medicine devices in North America.

The global sports medicine market is highly fragmented and, therefore, highly competitive. In addition, various sports medicine firms also offer identical products and/or services. Some of the leading companies operating in the global market include Smith+Nephew, Arthrex, RTI Surgical, DJO LLC, etc.

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