New York – United States
Sports Medicine Market report assists in identifying new market opportunities for existing and new products. It provides information on market share, nature of competition, customer satisfaction levels, sales performances and channel of distribution. All these elements help the firm in solving problems. When it comes to predicting consumer needs or conducting market segmentation in such wide markets, market research report does a great job. The marketing intelligence provided through the report not only helps in framing but also in implementing the market strategies.
Data Bridge Market Research analyses that the sports medicine market, which was USD 5.34 billion in 2022, would rocket up to USD 9.12 billion by 2030 and is expected to undergo a CAGR of 6.90% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Sports medicine primarily focuses on preventing and treating sports-related injuries and diseases. Sports injuries improve the sportsperson’s performance, offer injury care and enable preventative measures such as rehabilitation and osteopathy. It includes implants, fracture and ligament repair products, prosthetics, body support and recovery products such as compression clothing, braces and supports, physiotherapy equipment, thermal therapy, electrostimulation, and accessories.
An increasing influx of athletes is expected to drive the market’s growth rate
In various professional sports, there is a growing influx of athletes. Various young people are looking forward to creating their interest in building their career in any type of sports. The increasing influx of athletes has increased their performance in their sports activity. Thus, the growing influx of athletes has aided to increase the demand for the sports medicine. Also, increased sports benefits and facilities are encouraging more people to develop their career as a sports professional. As athletes are increasing all over the globe, the demand of sports medicine also raised rapidly to treat the injury of athletes. As a result, the demand for the sports medicine increases and eventually drives the market’s growth.
Market Development
- In 2021, DJO announced its acquisition with Mathys AG Bettlach, which is anorthopedic implants developer in Switzerland. This acquisition helps the company in delivering and developing next-generation orthopedic innovations.
- In 2020, Anika Therapeutics Inc. Received the U.S. Food and Drug Administration (USFDA) clearance for their six innovative products that address the requirements of sports medicine and orthopedic surgeons. These products are planned to be commercialized in the upcoming period.
- In 2020, Smith & Nephew introduced “Intellio” in the market. Intellio is a platform that manages and connects sports medicine systems. This app assists in remotely controlling and wirelessly connecting arthroscopy surgical towers.
Some of the major players operating in the sports medicine market are:
- Arthrex, Inc (U.S.)
- Smith+Nephew (U.K.)
- Stryker (U.S.)
- Breg Inc. (U.S.)
- DJO LLC (U.S.)
- Mueller Sports Medicine, Inc (U.S.)
- Wright Medical Group N.V. (U.S.)
- Medtronic (Ireland)
- RTI Surgical (U.S.)
- Performance Health (U.S.)
- KARL STORZ (Germany)
- Bauerfeind (Germany)
- Össur (Iceland)
- MedShape (U.S.)
- Cramer Products (U.S.)
- Agilent Technologies, Inc (U.S.)
- RôG Sports Medicine (U.S.)
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Global Sports Medicine Market Scope
Product
- Body Reconstruction
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Implants
- Orthobiologics
- Prosthetics
- Body Support and Recovery
- Braces and Supports
- Physiotherapy
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
- Accessories
- Bandages
- Disinfectants
- Tapes
- Others
Application
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Hip and Groin Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Others
End-User
- Hospitals
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
- Others
Regional Analysis
Geographically, the countries covered in the sports medicine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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