Press release
Global Sports Medicine Devices Market: Accelerated Growth Driven by Rising Sports Injuries, Technological Innovations, and Emerging Trends
Sports Medicine Devices Market Size
What Is The Projected Market Size Of The Global Sports Medicine Devices Market And Its Growth Rate?
The global sports medicine devices market has shown a robust increase and is anticipated to continue this growth in the forthcoming years.
• The market value was $7.97 billion in 2024 and is projected to grow approximately 8.2% to reach $8.62 billion in 2025 primarily due to the rise in sports injuries, an increased focus on physical fitness, and growing sports participations.
• Looking forward, it's expected to continue its strong growth and reach $11.86 billion in 2029 with a compound annual growth rate (CAGR) of 8.3%. This growth can be attributed to personalized medicine approaches, expansion of sports medicine clinics, nutritional strategies for performance enhancement, and a focus on mental health in sports.
What Is Driving The Growth In The Sports Medicine Devices Market?
The growth in the sports medicine devices market is primarily driven by the increasing number of sports injuries. These injuries occur during both sports and exercise and are not just limited to athletes. An increase in these injuries necessitates treatment or support which is facilitated by sports medicine devices. According to Insideworldfootball, a UK-based web-based news-driven service reported a total of 4123 sports injuries during the 2023-24 season, a 4% increase compared to the previous season. As such, the increasing number of sports injuries is propelling the growth of the sports medicine devices market.
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Who Are the Key Players Driving Sports Medicine Devices Market Growth?
Notable players in the sports medicine devices market include:
• Arthrex Inc.
• Conmed Corporation
• DJO LLC
• Johnson & Johnson Services Inc.
• Stryker Corp.
• Smith & Nephew plc
• Breg Inc.
• Mueller Sports Inc.
• Wright Medical Group NV
• Medtronic Inc.
What Are The Key Trends In The Sports Medicine Devices Market?
Significant Trends in the Sports Medicine Devices Market include:
• Technological solutions for Rehabilitation
• Application of Telemedicine and Remote Monitoring
• Integration of Wearable Technologies
• Advanced Orthopedic Technologies
• Collaboration with Sports Teams and Leagues
What Are The Segments Of The Global Sports Medicine Devices Market?
The Sports Medicine Devices Market is categorized into:
• By Product: Implants, Fracture And Ligament Repair Products, Arthroscopy Devices, Prosthetics, Other Products
• By Injury Type: Knee Injuries, Shoulder Injuries, Foot And Ankle Injuries, Back And Spine Injuries, Hip And Groin Injuries
• By End User: Hospitals, Ambulatory Surgery Centers, Physiotherapy Centers, and Clinics
Which Region Leads The Sports Medicine Devices Market?
In 2024, North America was the largest region in the sports medicine market. The report covers the following regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Sports Medicine Devices Market Global Market Report?
• Market Size Analysis: Analyze the Sports Medicine Devices Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Sports Medicine Devices Market.
• Key Player Focus: Analyze key players, their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects.
• Market Contribution: Evaluate the contribution of different segments to the overall Sports Medicine Devices Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Sports Medicine Devices Market.
• Competitive Developments: Analyze competitive developments, such expansions, agreements, and new product launches.
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