The global sports medicine market is anticipated to cross USD 10.07 billion by 2025, growing at a CAGR of over 6.0%. rising number of sports injuries during events as well as increasing number of incidences across gyms and fitness centers is anticipated to drive the market growth in coming years.
Adroit Market Research report on global sports medicine market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities, challenges and regulatory scenario. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global sports medicine market have been studied in detail.
Sport injuries are injuries, which occur in sports or fitness activities. These arise from injuries, bad physical teaching practice, faulty equipment and excessive stress of a certain part of the body. There are about 30 million adolescents and children in the United States alone who compete in any sort of organized sport. About 3 million amateur sports athletes aged 14 years and recovering from sport accidents per year, which contributes to any lack of time in the sport. Baseball and softball are the primary sources of sport-related facial damage in the United States, with 68% of all incidents induced by ball touch rather than player-player interference or a swing bat.
For competitive athletes and recreationally involved people, sports medicine has often been challenging to describe as it requires a broad variety of health services. It offers medical, curative, rehabilitative and protective health care facilities to them. With problems varying from musculoskeletal to environmental stresses; cardiological to dermatological and endocrinological to psychological, athletes and competitive individuals require experience and sport-specific information.
In terms of type, body reconstruction and repair segment dominated the global market and is anticipated to maintain its position in coming years. High acceptance rate of soft tissue repair products and bone reconstruction devices is anticipated to support the segment growth in near future.
In terms of application, knee accounted for evident market share in 2018 and is predicted to maintain its position compared to other counterparts. High prevalence of knee injuries is the major factor for the segment growth. Most common conditions include fracture, dislocation, tendon tears and many more.
In terms of regional markets, Asia Pacific is likely to emerge as the most favorable regional market by 2025. Increasing awareness regarding available product coupled with emergence of medical robots in developing countries is anticipated to drive the demand for medical procedures for treating injuries within the region.
Key vendors in the market include Zimmer Biomet, DJO Global, Wright Group N.V., and many more. Key vendors are concentrating on mergers and acquisition as their strategy to maintain and improve their market position. For instance, Wright Medical Group N.V. acquired Cartiva in October. This acquisition helped the company to strengthen its foot and ankle product portfolio.
Key segments of the global sports medicine market
Type Overview, 2015-2025 (USD Million)
- Body Reconstruction & Repair
- Surgical Equipment
- Soft Tissue Repair
- Bone Reconstruction Devices
- Body Support & Recovery
- Braces and Other Support Devices
- Compression Clothing
- Hot & Cold Therapy
- Body Monitoring & Evaluation
Application Overview, 2015-2025 (USD Million)
- Ankle & Foot
- Back & Spine
- Elbow & Wrist
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa