Sports Medicine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of Sports Medicine Market
The Sports Medicine Market size was valued at USD 6.26 billion in 2023, and the market is now projected tgrow t13.86 USD billion by 2032, exhibiting a CAGR of 5.8% during the forecast period of 2023-2030.
The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Sports Medicine Market growth.
One of the main things influencing people tpursue this as a career is the addition of new games tthe Olympics and other international competitions. One of the main causes of the rise in these injuries in both industrialized and developing nations is the increased participation in sports and physical activities. Furthermore, during the projected period, this is one of the main reasons expected tdrive the need for sports medicine. Furthermore, some of the key elements anticipated tdrive the growth of the sports medicine market include expanding infrastructure and the availability of possibilities like corporate sponsorship and scholarships. Athletes are prone tmishaps and injuries, which would probably increase demand for these medications and drive the market. These particular growth driving factors have been recorded tattribute the Sports Medicine Market Share.
It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. A healthy lifestyle and the increasing prevalence of chronic disorders like obesity and cardiovascular diseases are twof the main factors driving higher involvement in sports. Rising demand for minimally invasive operations in both developed and developing nations, as well as ongoing innovation in new reconstruction and surgical equipment technologies, are further drivers driving the market's expansion. Over the course of the forecast period, rising rates of sports injuries in both developed and developing nations are expected tpropel the expansion of the global market.
Comprehensive Analysis of Sports Medicine Market
The segmentation of this particular market has been divided and then further subdivided intvarious categories. The global market can be divided intmany segments based on type, such as body support devices, bone reconstruction devices, and surgical devices. Some of the factors that are expected tsupport the expansion of the body reconstruction devices market include technological advancements in implants, the growing use of arthroscopy, and products for ligament repair and fractures. The market may be divided intseveral segments based on application, including knees, head and neck, shoulder, ankle and foot, wrist and elbow, and others. The market may be divided inthospitals and specialist clinics based on the distribution route. These particular segmentations have been categorized intsuch groups sthat their attribution tthe overall revenue systems are properly recorded studied sas tdetermine which is the leading and most beneficial segment of all.
During the projected period, North America is expected tgrow at a moderate compound annual growth rate (CAGR) and generated billions of dollars in sales. The growth of the regional market is expected tbe aided by the expansion of orthopedic centers, rising athletic and physical activity participation, and rising investment in the creation of sports-related medical treatment devices during the forecast period, with Europe following closely behind. The region is expected tmaintain a significant proportion during the projected period.
Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Arthrex, Inc. (U.S.), Smith & Nephew (U.K.), Stryker (U.S.), CONMED Corporation (U.S.), Zimmer Biomet (U.S.), Johnson & Johnson Services, Inc. (U.S.), and KARL STORZ SE & Co. KG (Germany).
In March 2021, This particular company has attributed the market growth in terms of revenue and shares system. The open access VideJournal of Sports Medicine (VJSM) is a teaching and learning platform that uses videos. It was created by the American Orthopaedic Society for Sports Medicine (AOSSM) with the goal of delivering best practices in sports medicine for the care of athletes and active individuals.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Device Type
Surgery Devices
Bone Reconstruction Devices
Body Support Devices
Others
By Application
Knee
Head & Neck
Shoulder
Ankle & Foot
Wrist & Elbow
Others
By End User
Hospitals
Specialty Clinics
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
The Sports Medicine Market size was valued at USD 6.26 billion in 2023, and the market is now projected tgrow t13.86 USD billion by 2032, exhibiting a CAGR of 5.8% during the forecast period of 2023-2030.
The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Sports Medicine Market growth.
One of the main things influencing people tpursue this as a career is the addition of new games tthe Olympics and other international competitions. One of the main causes of the rise in these injuries in both industrialized and developing nations is the increased participation in sports and physical activities. Furthermore, during the projected period, this is one of the main reasons expected tdrive the need for sports medicine. Furthermore, some of the key elements anticipated tdrive the growth of the sports medicine market include expanding infrastructure and the availability of possibilities like corporate sponsorship and scholarships. Athletes are prone tmishaps and injuries, which would probably increase demand for these medications and drive the market. These particular growth driving factors have been recorded tattribute the Sports Medicine Market Share.
It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. A healthy lifestyle and the increasing prevalence of chronic disorders like obesity and cardiovascular diseases are twof the main factors driving higher involvement in sports. Rising demand for minimally invasive operations in both developed and developing nations, as well as ongoing innovation in new reconstruction and surgical equipment technologies, are further drivers driving the market's expansion. Over the course of the forecast period, rising rates of sports injuries in both developed and developing nations are expected tpropel the expansion of the global market.
Comprehensive Analysis of Sports Medicine Market
The segmentation of this particular market has been divided and then further subdivided intvarious categories. The global market can be divided intmany segments based on type, such as body support devices, bone reconstruction devices, and surgical devices. Some of the factors that are expected tsupport the expansion of the body reconstruction devices market include technological advancements in implants, the growing use of arthroscopy, and products for ligament repair and fractures. The market may be divided intseveral segments based on application, including knees, head and neck, shoulder, ankle and foot, wrist and elbow, and others. The market may be divided inthospitals and specialist clinics based on the distribution route. These particular segmentations have been categorized intsuch groups sthat their attribution tthe overall revenue systems are properly recorded studied sas tdetermine which is the leading and most beneficial segment of all.
During the projected period, North America is expected tgrow at a moderate compound annual growth rate (CAGR) and generated billions of dollars in sales. The growth of the regional market is expected tbe aided by the expansion of orthopedic centers, rising athletic and physical activity participation, and rising investment in the creation of sports-related medical treatment devices during the forecast period, with Europe following closely behind. The region is expected tmaintain a significant proportion during the projected period.
Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Arthrex, Inc. (U.S.), Smith & Nephew (U.K.), Stryker (U.S.), CONMED Corporation (U.S.), Zimmer Biomet (U.S.), Johnson & Johnson Services, Inc. (U.S.), and KARL STORZ SE & Co. KG (Germany).
In March 2021, This particular company has attributed the market growth in terms of revenue and shares system. The open access VideJournal of Sports Medicine (VJSM) is a teaching and learning platform that uses videos. It was created by the American Orthopaedic Society for Sports Medicine (AOSSM) with the goal of delivering best practices in sports medicine for the care of athletes and active individuals.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Device Type
Surgery Devices
Bone Reconstruction Devices
Body Support Devices
Others
By Application
Knee
Head & Neck
Shoulder
Ankle & Foot
Wrist & Elbow
Others
By End User
Hospitals
Specialty Clinics
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Table of Contents
130 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Number of Sports Injuries, By Region/ Key Countries
- 4.2. Technological Advancements in Sports Medicine Devices
- 4.3. New Product Launches, By Key Market Players
- 4.4. Key industry Developments - Mergers, Acquisitions and Partnerships
- 5. Global Sports Medicine Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Device Type
- 5.2.1. Surgery Devices
- 5.2.2. Bone Reconstruction Devices
- 5.2.3. Body Support Devices
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Knee
- 5.3.2. Head & Neck
- 5.3.3. Shoulder
- 5.3.4. Ankle & Foot
- 5.3.5. Wrist and Elbow
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hospitals
- 5.4.2. Specialty Clinics
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Sports Medicine Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Device Type
- 6.2.1. Surgery Devices
- 6.2.2. Bone Reconstruction Devices
- 6.2.3. Body Support Devices
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Knee
- 6.3.2. Head & Neck
- 6.3.3. Shoulder
- 6.3.4. Ankle & Foot
- 6.3.5. Wrist and Elbow
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Hospitals
- 6.4.2. Specialty Clinics
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Sports Medicine Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Device Type
- 7.2.1. Surgery Devices
- 7.2.2. Bone Reconstruction Devices
- 7.2.3. Body Support Devices
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Knee
- 7.3.2. Head & Neck
- 7.3.3. Shoulder
- 7.3.4. Ankle & Foot
- 7.3.5. Wrist and Elbow
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Hospitals
- 7.4.2. Specialty Clinics
- 7.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia Pacific Sports Medicine Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Device Type
- 8.2.1. Surgery Devices
- 8.2.2. Bone Reconstruction Devices
- 8.2.3. Body Support Devices
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Knee
- 8.3.2. Head & Neck
- 8.3.3. Shoulder
- 8.3.4. Ankle & Foot
- 8.3.5. Wrist and Elbow
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Hospitals
- 8.4.2. Specialty Clinics
- 8.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Sports Medicine Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Device Type
- 9.2.1. Surgery Devices
- 9.2.2. Bone Reconstruction Devices
- 9.2.3. Body Support Devices
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Knee
- 9.3.2. Head & Neck
- 9.3.3. Shoulder
- 9.3.4. Ankle & Foot
- 9.3.5. Wrist and Elbow
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Hospitals
- 9.4.2. Specialty Clinics
- 9.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Sports Medicine Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Device Type
- 10.2.1. Surgery Devices
- 10.2.2. Bone Reconstruction Devices
- 10.2.3. Body Support Devices
- 10.2.4. Others
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Knee
- 10.3.2. Head & Neck
- 10.3.3. Shoulder
- 10.3.4. Ankle & Foot
- 10.3.5. Wrist and Elbow
- 10.3.6. Others
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Hospitals
- 10.4.2. Specialty Clinics
- 10.5. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2018)
- 11.3. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.3.1. Arthrex, Inc.
- 11.3.1.1. Overview,
- 11.3.1.2. Products & services,
- 11.3.1.3. SWOT analysis,
- 11.3.1.4. Recent developments,
- 11.3.1.5. strategies,
- 11.3.1.6. financials (based on availability)
- 11.3.2. Smith & Nephew
- 11.3.2.1. Overview,
- 11.3.2.2. Products & services,
- 11.3.2.3. SWOT analysis,
- 11.3.2.4. Recent developments,
- 11.3.2.5. strategies,
- 11.3.2.6. financials (based on availability)
- 11.3.3. Stryker
- 11.3.3.1. Overview,
- 11.3.3.2. Products & services,
- 11.3.3.3. SWOT analysis,
- 11.3.3.4. Recent developments,
- 11.3.3.5. strategies,
- 11.3.3.6. financials (based on availability)
- 11.3.4. CONMED Corporation
- 11.3.4.1. Overview,
- 11.3.4.2. Products & services,
- 11.3.4.3. SWOT analysis,
- 11.3.4.4. Recent developments,
- 11.3.4.5. strategies,
- 11.3.4.6. financials (based on availability)
- 11.3.5. Zimmer Biomet
- 11.3.5.1. Overview,
- 11.3.5.2. Products & services,
- 11.3.5.3. SWOT analysis,
- 11.3.5.4. Recent developments,
- 11.3.5.5. strategies,
- 11.3.5.6. financials (based on availability)
- 11.3.6. Johnson & Johnson Services, Inc.
- 11.3.6.1. Overview,
- 11.3.6.2. Products & services,
- 11.3.6.3. SWOT analysis,
- 11.3.6.4. Recent developments,
- 11.3.6.5. strategies,
- 11.3.6.6. financials (based on availability)
- 11.3.7. KARL STORZ SE & Co. KG
- 11.3.7.1. Overview,
- 11.3.7.2. Products & services,
- 11.3.7.3. SWOT analysis,
- 11.3.7.4. Recent developments,
- 11.3.7.5. strategies,
- 11.3.7.6. financials (based on availability)
- 11.3.8. Other Prominent Players
- 11.3.8.1. Overview,
- 11.3.8.2. Products & services,
- 11.3.8.3. SWOT analysis,
- 11.3.8.4. Recent developments,
- 11.3.8.5. strategies,
- 11.3.8.6. financials (based on availability)
- 12. Strategic Recommendations "
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