The value of the Sports Medicine market is projected to grow to USD 9,655.6 Million with an estimated CAGR of 7.4% by 2030
.jpg "The Global Sports Medicine Market 2020-2030 (USD Million)")
The global sports medicine market was valued at USD 6.40 billion in 2018. Rising number of sports analytics injuries coupled with increasing number of national and international sporting events is anticipated to fuel the demand for sports medicine in coming years. Development in medical sciences resulting in accurate diagnosis of injury has resulted in evolution and availability of niche therapies to treat specific injuries. Such developments are anticipated to drive the market growth in coming years.
According to Stanford Children's Health statistics, roughly 30 million children took part in athletics and other leisure events in the United States in 2019 alone. In fact, about 3.5 million accidents are registered in the world per year and around 75,000 children belonging to age category 14 and under are cared for such accidents. The increasing levels of children's involvement in athletics, combined with a rise in accidents, is generating competition for sports medicine.
In turn, the growing usage of veterinary wearable devices such as bands and smart watches helps to track tension load and prevent fatigue-induced injury in athletes has driven the development of the sports medicine industry. For starters, Athletigen Engineering, Inc., an organization in Nova Scotia, is collaborating with different sportsmen to utilize the knowledge gathered from their DNA Vaccine to enhance their efficiency and safety, as well as to reduce the occurrence of sport-related injuries. Over the projected era, such events are anticipated to fuel business development.
Sports Medicine Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 9,655.6 Million |
| Growth Rate | CAGR of 7.4 % during 2020-2030 |
| Segment Covered | By Product, By Procedure, By Application, By End-User, Geography |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Medtronics, Stryker, Zimmer Biomet, CONMED Corporation, DePuy Synthes, GE Healthcare, Smith & Nephew plc, Arthrex Inc. |
Key Segment Of The Sports Medicine Market
By Product, (USD million)
• Joint Reconstructive & Repair Products
• Support & Recovery Products
• Accessories & Consumables
By Application, (USD Million)
• Shoulder Treatment
• Knee Treatment
• Hip Treatment
• Spine Treatment
By Procedure, (USD Million)
• Tendinosis
• Tendon To Bone
• Cartilage Repair
By End-User, (USD Million)
• Hospitals & Emergency Care
• Trauma Centers
• Ambulatory Care
Regional Overview, (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the sports medicine market Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries, Hip & Groin Injuries, Elbow & Wrist Injuries, Back & Spine Injuries.
The base year for the report is 2022 in sports medicine market.
The market value of sports medicine market in 2030 was USD 9,655.6 Million
Most common type of sports injuries are confined to ankle, acromioclavicular joint, anterior cruciate ligament, and articular cartilage. Arthritis, injuries, and "separations" are the most common conditions that arise at the AC joint. Arthritis is a disease caused by a cartilage breakdown of the joint. AC joint arthritis is normal in weight lifters, especially with the bench press, and military press (extent). AC joint arthritis can also arise when rotator cuff issues are present.
A sprain is ligament strain injury which supports the ankle. The outer ankle ligaments are the most often damaged when the foot is twisted inwards (inverted). A "lateral" sprain of the ankle is a strain injury to the ligaments in the outer / lower ankle region. It most often happens as the foot is bent backwards in an inversion fracture.
Many preventive initiatives were established with a view to raising the occurrence of non-contact ACL injuries. New preventive initiatives are focusing on better knee nerve / muscle function.
Such plans rely on plyometrics, balance, and movements that strengthen / stability. Plyometrics is a fast, strong movement that first lengthens a muscle (the eccentric phase) and then shortens it (the condensed phase). The process of chronic cuts improves muscle strength. An example will be a person who leaps off a small box and bounces back into the air directly after impact with the floor
In 2018, the body reconstruction & repair segment contributed majority of the market share in the global market. The segment growth is attributed to rising procedures to treat fracture and ligament injuries, rising adoption of arthroscopy devices coupled with emergence of minimally invasive surgical procedures is anticipated to fuel the market for sports medicine in coming years. The accessories segment is likely to show lucrative growth in near future on account of repeat purchase of items such as tapes, bandages, wraps and others. Increasing adoption of Protection, Rest, Ice, Compression, Elevation therapy as a primary line of treatment with high number of positive outcomes is likely to favor accessories segment growth in coming years.
On the basis of region, the global market is classified into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa. As of 2018, North America's sports medicine industry accounted for the dominant share compared to other regional markets, and is projected to retain its domination throughout the forecast period. The presence of well-established healthcare facilities coupled with high penetration rates of sports nutritionists amongst the region is anticipated to fuel the market growth in near future.
.png "Global Sports Medicine Market Share by Region (CAGR)")
Nevertheless, Asia Pacific is projected to emerge with highest CAGR over the forecast period as sports medicine adoption rates in countries including China, Japan, and South Korea are rapidly rising. In fact, the regulatory framework for drug approvals in these countries is relatively less strict, which has encouraged the quick entry of new drugs and medical equipment into this sector.