Press release
Global Sports Medicine Market to Reach $12.03 Billion by 2029, Growing at 8% CAGR
Sports Medicine Market Share
The escalating number of sports-related injuries is projected to stimulate the expansion of the sports medicine device market. These injuries typically occur during sports-related activities. Besides treating injuries, sports medicine devices serve other functions like performance training, physical therapy, and injury prevention. This has led to the prediction that the increase in sports injuries will enhance the sports medicine devices market. Notably, Insideworldfootball, a UK-based internet news service, reported that the total sports injuries for the 2023-24 season reached 4,123 in October 2024, exhibiting a rise of 4% compared to the previous 2022-23 season. Therefore, the upward trend in sports injuries is propelling the growth of the sports medicine device market.
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What growth opportunities are expected to drive the sports medicine market's CAGR through 2034?
In recent times, there has been considerable growth in the size of the sports medicine market. It is projected to expand from $8.26 billion in 2024 to $8.87 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The historical growth in this market can be credited to various factors such as military operations and conflicts, increase in commercial aviation, global geopolitical shifts, regulatory norms, and compliance, as well as variations in fuel prices.
Predictions indicate that the sports medicine market will witness a solid upward trend in the forthcoming years. The market is set to expand to $12.03 billion by 2029, with a CAGR of 7.9%. Factors such as increasing military spending, commercial aviation growth, technological upgrades in refueling systems, worldwide geopolitical shifts, and the adoption of eco-friendly aviation fuels contribute to this forecasted growth. Key trends to watch for the projection period are the automation of refueling systems, the use of unmanned aerial vehicles (UAVs), the incorporation of autonomous technologies, improved fueling strategies, and better safety protocols.
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What are the emerging trends shaping the future of the sports medicine market?
The swift progress in technology is a leading trend that is gaining traction in the sports medicine device market. The principal companies that operate within this market are concentrating their efforts on the creation of new technologies. For example, Acuitive Technologies Inc., a medical device maker based in the US, launched the CITRELOCK ACL Tendon Fixation Device in June 2023. The design of this tendon fixation device features a spiral thread for easy insertion and secure fixation, avoiding damage to the tendon. It integrates Citregen, a superior resorbable material specially crafted for orthopedic uses. The device recreates the natural composition of the bone, ensuring a compressive strength comparable to cortical bone and a modulus that matches that of the trabecular bone.
Which growth-oriented segments of the sports medicine market are leading the industry's development?
The sports medicine market covered in this report is segmented -
1) By Product: Orthopedic Devices, Body Reconstruction And Repair, Body Support And Recovery, Body Monitoring And Evaluation, Accessories
2) By Orthopedic Product: Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologic
3) By Recovery And Support Product: Braces, Performance Monitoring Devices, Accessories, Other Recovery Products
4) By Application: Knee Injury, Shoulder Injury, Ankle-Foot Injury, Back-Spine Injury, Hand-Wrist Injury, Hip-Groin Injury, Arm-Elbow Injury
5) By End Users: Ambulatory Surgical Centers, Hospitals, Orthopedic Clinics, Other End Users
Subsegments:
1) By Orthopedic Devices: Braces And Supports, Splints, Orthopedic Implants
2) By Body Reconstruction And Repair: Surgical Instruments, Biologics, Soft Tissue Repair Devices
3) By Body Support And Recovery: Compression Wear, Rehabilitation Devices, Physiotherapy Equipment
4) By Body Monitoring And Evaluation: Wearable Sensors, Diagnostic Imaging Devices, Motion Analysis Systems
5) By Accessories: Ice Packs And Heat Wraps, Taping And Strapping Materials, Therapeutic Gel Packs
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What regions are leading the charge in the sports medicine market?
North America was the largest region in the sports medicine device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the sports medicine devices market report during the forecast period. The regions covered in the sports medicine devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the sports medicine market?
Major companies operating in the sports medicine market include Stryker Corporation, Arthrex Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Mueller Sports Medicine Inc., Karl Storz SE & Co KG, CONMED Corporation, Johnson & Johnson, DJ Orthopedics LLC, Breg Inc., RTI Surgical Inc., Performance Health International Limited, Bauerfeind AG, Ossur Corporate, Cramer Product Inc., Medtronic plc, Bioventus LLC, Braun Melsungen AG, Hanger Inc., AlloSource Inc., Surgalign Holdings Inc., DePuy Synthes Companies, Acumed LLC, Integra LifeSciences Corporation, Orthofix Medical Inc., Medline Industries Inc., Musculoskeletal Transplant Foundation
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What Is Covered In The Sports Medicine Global Market Report?
• Market Size Forecast: Examine the sports medicine market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the sports medicine market for a structured understanding.
• Key Players Overview: Analyze major players in the sports medicine market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sports medicine market.
• Segment Contributions: Evaluate how different segments drive overall growth in the sports medicine market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sports medicine market.
• Industry Challenges: Identify potential risks and obstacles affecting the sports medicine market.
• Competitive Landscape: Review strategic developments in the sports medicine market, including expansions, agreements, and new product launches.
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