Press release
Sports Medicine Devices Market Poised for 8 % Growth, Set to Hit $11.86 Billion by 2029
Sports Medicine Devices Market Outlook
Anticipated growth in the sports medicine market is likely to be driven by a rise in sports-related injuries. These types of injuries, which are not exclusive to athletes, occur during sports or exercise and are usually the result of direct impact, overuse, or the application of force. Given that the role of sports medicine is to treat and support these injuries, market growth is naturally spurred by an increase in such injuries. As reported by UK's web news service, Insideworldfootball, in October 2024, there were 4,123 sports injuries recorded during the 2023-24 season, a 4% surge from the 2022-23 season. Consequently, the escalating incidence of sports injuries is fuelling the expansion of the sports medicine market.
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What is the projected compound annual growth rate (CAGR) of the sports medicine devices market from 2025 to 2034, and what factors influence it?
The market size for sports medicine devices has experienced a significant expansion in the past few years. The market, which was worth $7.97 billion in 2024, is projected to increase to $8.62 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. The uptick in the historical period is due to several key factors such as a surge in sports-related injuries, an increased focus on physical fitness, a rise in sports involvement, the development of arthroscopic procedures, emphasis on programs preventing injuries, and growing consciousness among athletes.
In the coming years, the sports medicine devices market is projected to witness robust growth, escalating to $11.86 billion by 2029 at an 8.3% compound annual growth rate (CAGR). The predicted expansion in this timeframe is due to factors like personalized medicine methodologies, the enlargement of sports medicine clinics, diet tactics for improving performance, worldwide sports events and sponsorships, and an increased emphasis on mental health within sports. Key trends for this forecast period consist of tech-based rehabilitation solutions, the use of telemedicine and remote observation, the application of wearable technology, advanced orthopedic equipment, and partnerships with sports teams and leagues.
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How are the latest trends influencing the growth of the sports medicine devices market?
The emergence of product innovations is a significant trend in the sports medicine market. To reinforce their market position, leading companies are concentrating on creating new tech solutions. For example, in September 2023, the UK-based regenerative medical devices firm, Tissue Regenix Group plc, introduced their BioRinse range, a line of sports medicine allografts. The line harnesses superior sterilization technology to manufacture top quality, sterile soft tissue goods predominantly for tendon and ligament reconstruction. The BioRinse line is a sterilization technology purposely planned for sports medicine allografts. This in-house process reduces tissue damage, leading to improved sterile soft tissue goods suitable for tendon and ligament reconstruction in numerous joints. The objective of this innovation is to enhance the reliability, effectiveness, and security of allograft products.
What are the major segments of the sports medicine devices market and their role in driving growth?
The sports medicine devices market covered in this report is segmented -
1) By Product: Implants, Fracture And Ligament Repair Products, Arthroscopy Devices, Prosthetics, Other Products
2) By Injury Type: Knee Injuries, Shoulder Injuries, Foot And Ankle Injuries, Back And Spine Injuries, Hip And Groin Injuries
3) By End User: Hospitals, Ambulatory Surgery Centers, Physiotherapy Centers And Clinics
Subsegments:
1) By Implants: Joint Implants, Soft Tissue Implants, Bone Implants
2) By Fracture And Ligament Repair Products: Plates And Screws, Pins And Wires, Ligament Grafts
3) By Arthroscopy Devices: Arthroscopes, Surgical Instruments, Visualization Systems
4) By Prosthetics: Lower Limb Prosthetics, Upper Limb Prosthetics, Adaptive Devices
5) By Other Products: Braces And Supports, Rehabilitation Equipment, Diagnostic Tools
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Which regions are key players in the growth of the sports medicine devices market?
North America was the largest region in the sports medicine market in 2024. The regions covered in the sports medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the sports medicine devices market?
Major companies operating 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., RTI Surgical Holdings Inc., Performance Health International Limited, Karl Storz SE & Co. KG, Bauerfeind AG, MedShape Inc., Cramer Products Inc., RôG Sports Medicine, Zimmer Biomet Holdings Inc., Mitek Sports Medicine, DonJoy Orthopedics, Össur public limited company, Otto Bock HealthCare GmbH, Bledsoe Brace Systems, Acumed LLC
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What Is Covered In The Sports Medicine Devices Global Market Report?
• Market Size Forecast: Examine the sports medicine devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the sports medicine devices market for a structured understanding.
• Key Players Overview: Analyze major players in the sports medicine devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sports medicine devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the sports medicine devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sports medicine devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the sports medicine devices market.
• Competitive Landscape: Review strategic developments in the sports medicine devices market, including expansions, agreements, and new product launches.
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