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Sports Medicine Market to surpass USD 9.66 Billion by 2030

02-20-2024 12:59 PM CET | Health & Medicine

Press release from: SNS Insider Pvt Ltd

Sports Medicine Market

Sports Medicine Market

The SNS Insider report indicates that the Sports Medicine Market was valued at USD 5.22 Billion in 2022, and is expected to reach market size of USD 9.66 Billion by 2030, with a compound annual growth rate (CAGR) of 8.0% expected over the forecast period from 2023 to 2030.

Based on SNS Insider's research, new ways of treating and healing sports injuries are emerging from the development of regenerative medicine, which includes stem cell therapy and platelet infusion. In the field of sports medicine, regeneration approaches are becoming more and more accepted.

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Major Key players In Sports Medicine Market
→Performance Health Holding, Inc.,
→Smith+Nephew, Zimmer Biomet,
→Stryker, Enovis (DJO Global),
→CONMED Corporation,
→Arthrex GmbH,
→Breg, Inc.,
→Bauerfeind AG,
→Mueller Sports Medicine, Inc.
→and other players

Sports Medicine Market Report Scope -

Market intelligence is provided in the most comprehensive way in this report. The structure of the report has been preserved so as to maximise its business value. This report provides essential insight to the market dynamics, which will allow for strategic decision making on both sides of the market by incumbent and potential entrants.

Sports Medicine Market Opportunities-

Opportunities for expansion and market penetration in the developing economies.

Emerging countries such as India and China are home to a large patient base and are expected to offer potential growth opportunities for players operating in the global market primarily due to the rising disposable incomes in these countries (as a result of the rapid economic growth) and increasing participation in sports and physical activities. In addition, the governments of these countries are currently working on initiatives to enhance and modernise their healthcare infrastructures.

Sports Medicine Segmentation Analysis -

By Product
→Body Monitoring and Evaluation Devices
→Body Support & Recovery Products
→Body Reconstruction & Repair

By Application
→Shoulder Injuries
→Knee Injuries
→Back & Spine Injuries
→Ankle & Foot Injuries
→Hip Injuries
→Elbow & Wrist Injuries
→Other Injuries

Body reconstruction and repair accounted for the highest revenue share of 38.9% in 2022, according to product type. Equipment for soft tissue repair, bone reconstruction, and surgical equipment are part of the body reconstruction and repair segment. Increasing use of fracture and ligament repair devices, as well as increased adoption of arthroscopy equipment in miniaturised surgical procedures have contributed to a large market share.

In 2022, the knee application segment accounted for the highest revenue share, due to an increasing number of knees being injured. They are most often reported during sports and other forms of exercise, as high levels of running and climbing cause knee joints to get worn out and damaged. Dry Needling, Soft Tissue Massage, Osteopathy Manipulation, Platelet Rich Plasma Therapy and Arthroscopic Procedures for Knee Reconstruction are some of the latest treatments available. One of the main drivers for growth in this segment is the availability of a wide range of treatments, as well as an increasing incidence of knee injuries.

Sports Medicine Key Regional Development -

The market was dominated by North America, which accounted for 45.2% of the revenue in 2022. One of the main drivers of the market is the presence of a well developed healthcare infrastructure, high expenditure and the availability of technologically advanced medical devices for the treatment of various orthopedic injuries. For example, in December 2022, Stryker introduced Citrefix, a suture anchor system for foot and ankle surgery that uses the company's Citregen material, which imitates the structure and chemistry of native bone to promote natural healing and bone regeneration.

During the forecast period, growth in the Asia Pacific region is projected to be strongest. The number of people taking part in sports has increased as a result of an increase in awareness about the benefits of physical activity for regional populations. Consequently, in countries such as China, Japan and South Korea the use of sports medicine is on an increasing trend. The increased demand for sports medicine products and services is driven by the presence of a strong population base in this region, together with increasing incidences of sporting related injuries.

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Key Takeaway from Sports Medicine Market Study-

Develop an in depth understanding of the underlying factors that are driving demand for different sports medicine market segments from top spending countries around the world, and identify opportunities available to each.

Understanding of the market with regard to demand drivers, industry trends, and the latest technological developments, among others. To provide a clear picture of future opportunities that can be exploited, resulting in increased revenues, identify the main channels that are driving the global sports medicine market.

Recent Development Related to Sports Medicine Market -

In September 2022, Zimmer Biomet has received clearance from the U.S. Food and Drug Administration for its identity shoulder system, which is intended to be reversed, anatomic or revisionary arm replacements.

In February 2022, CrossRoads Extremity Systems, a manufacturer of foot and ankle solutions, has been purchased by DePuy Synthes. This acquisition helps to stimulate innovation in the area ofodiatric, orthopedic and medical technology by means of Internal and External Innovation.

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Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter's 5 forces model

7. PEST Analysis

8. Sports Medicine Market Segmentation, By Product
8.1 Body Monitoring and Evaluation Devices
8.2 Body Support & Recovery Products
8.3 Body Reconstruction & Repair
8.4 Accessories

9. Sports Medicine Market Segmentation, By Application
9.1 Shoulder Injuries
9.2 Knee Injuries
9.3 Back & Spine Injuries
9.4 Ankle & Foot Injuries
9.5 Hip Injuries
9.6 Elbow & Wrist Injuries
9.7 Other Injuries

10. Regional Analysis
11 Company Profile
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion


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Akash Anand - Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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