Sports Medicine Market - Global Industry Analysis

Sports Medicine Market

Sports Medicine Market Trends, Size, Share, Growth, and Forecast 2028

Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-2598 Published Date: Aug-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 7.31 Billion USD 10.68 Billion 4.7% 2020

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Sports medicine is also known as sport and exercise medicine. Sports medicine is a branch of medicine which deals with prevention and treatment of injuries related to exercise, sports and games. Sports medicines cover all professionals concerned with enhancing the performance and health care of physically active individuals. Sports medicine helps in preventing, diagnosis and treating sports injuries. Aims of sports medicine are like to provide information to sportsperson about sports injuries, to provide knowledge of the preventive measures of sports injuries, to provide treatment and rehabilitation for sports injuries. 

Sports Medicine market is majorly driven by increasing incidence of sports injuries. Technological advancement, emerging and novel concepts are important factors for Sports Medicine market development. Furthermore, raising awareness regarding sports is continuously responsible for the growth of the market. However, the high cost of products may hinder the growth of sports medicine market. Nonetheless, untapped market and changing regulatory scenario for sports medicine are expected to open a new opportunity for sports medicine market in coming years.

Global Sport Medicine Market

Based on the product type, the market of sports medicine has been segmented into body reconstruction products, body support & recovery and accessories. The sports medicine market is further segmented by body reconstruction products type into implants, fracture and ligament repair devices, arthroscopy devices, prosthetic devices and orthobiologics. Based on the Body Support & Recovery sports medicine market is further classified as Braces and Support, Compression Clothing and Physiotherapy. Body reconstruction products segment dominated the market of sports medicine with major market share, in 2017. In forecast period also, body reconstruction products segment is expected to exhibit noticeable growth due to increasing incident rate of sports injuries.

Based on the application type, the market is segmented as Shoulder Injuries, Ankle & Foot Injuries, Elbow & Wrist Injuries, Back & Spine Injuries, Hip & Groin Injuries, Knee Injuries and Other Injuries. Knee Injuries segment holds the largest market share of Sports Medicine. Due to rising prevalence rate of sports knee injury, Knee Injuries segment is projected to generate new opportunities for the market of sports medicine market.

Based on the geography, the Sports Medicine market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the sports medicine market due to increasing use of minimally invasive surgeries. In Europe, the market has been dominated by U.K. due to increasing participation of athletes. The Asia Pacific is expected to show noticeable growth during the forecast period due to increasing initiative by the new government towards sports industry development.

Key operating players in Sports Medicine market are like Smith & Nephew Plc, Stryker Corporation, Johnson & Johnson (Depuy Mitek), Arthrex, Inc., Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., DJO Global, Inc., and Wright, Medical Group N.V.

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