Sports Medicine Market: Current Analysis and Forecast (2021-2027)

Sports Medicine Market: Current Analysis and Forecast (2021-2027)

  • UnivDatos Market Insight
  • August 2021
  • Healthcare
  • 194 pages

Report Description

Sports medicine is a branch of healthcare that deals with enhancing people’s athletic performance.  Sports medicines are given by sports medicine doctors for treating any injury occurred during any sports participation, exercise or any type of physical activity. Sports medicine specialists are trained to restore function to the injured patients so that they recover soon from injury. These specialists work with professional athletes and provide their treatment facilities to the children and teens that are involved in sports activities. Various injuries such as ankle sprains, fractures, knee and shoulder injuries, tendonitis and many more are treated by sports medicine specialists. The sports medicine market is growing due to increasing demands of sports players and athletes concerns of quick recovery injury treatment solutions.

 In addition, sports medicine has displayed a considerable growth among all the other healthcare fields, as professionals in this field have the capability to treat all kinds of people, and not just athletes

The growth of this market is driven owing to increasing incidences of sports injuries, continuous influx of new products & treatment modalities, developments in the field of regenerative medicine, rising demand for minimally invasive surgeries. For instance, according to the article published by Sarah Megginson in February 2020, 89% of Australian adults participate in sports every year, with 62% participating at least three times a week. According to the American Public Health Association in October 2016, a new smart phone application has been invented in order to specialize in sports injury detection, which captures 99% more physical and mental health symptoms for college athletes than traditional sports medicine surveillance which are some novel technologies expected to gain momentum during the forecast period.

Based on product, the sports medicine market is segmented into body reconstruction products, body support and recovery products and accessories. The body reconstruction products segment is expected to dominate the sports medicine market in near future due to increasing cases of sports injuries as sports athletes need to take care of their body parts during sport activities and maintains it for long run.

Based on application, the sports medicine market is segmented into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, hip & groin, and other injuries. In 2020, knee segment dominated the sports medicine market due to increasing knee fractures and ligament tears leading to growing knee applications in global sports medicine market worldwide.

In terms of end user, the global sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, and others. Among these, hospitals segment held the largest market share in 2020 and is further predicted to maintain its leading position in the market over the coming years as well due to increasing usage of sports medicine in surgical implants such as knee, shoulder, wrist, and elbow to treat any kind of sports injury.

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of APAC), and Rest of World. North America is expected to dominate the sports medicine market due to increasing government initiative to encourage the athletes for playing any of the sport. Along with this, many of the manufacturers are launching new and advanced technology-based sports medicine in the region. The U.S. is expected to dominate and lead the growth of the North American market, which is expected to increase due to increases cases of sport injuries among the athletes, along with this huge R&D procedure is perform in the U.S. for introduce advance technology-based sport medicines in order to provide better treatment and fast recover of the athletes, which help them to return their field as soon as possible.

In the Europe, the Germany is dominating with the highest growing CAGR due to large end users are snagged in adoption of advance technology-based sport medicine. Asia-Pacific will grow with the highest CAGR in forecast periods, because in Asia-Pacific, countries growing influx of new products and treatment modalities due to active government participation in encouraging sports activities and China is expected to dominate the Asia-Pacific market as China is one of the world's leading countries in the rapidly influx of athletes.

Some of the major players operating in the market include Arthrex Inc., CONMED Corporation, Johnson & Johnson, Medtronic PLC, Smith & Nephew, Stryker Corporation, Breg Inc., Wright Medical Group, Performance Health International Limited, Mueller Sports Medicine Inc.

Global Sports Medicine Market was valued at US$ XX million in 2020 and is anticipated to reach US$ XX million by 2027 displaying an elevated CAGR of XX% over the forecast period (2021-2027). Sports medicine is a branch of healthcare that deals with enhancing people’s athletic performance.  Sports medicines are given by sports medicine doctors for treating any injury occurred during any sports participation, exercise, or any type of physical activity. Sports medicine specialists are trained to restore function to the injured patients so that they recover soon from injury. These specialists work with professional athletes and provide their treatment facilities to the children and teens that are involved in sports activities. Various injuries such as ankle sprains, fractures, knee and shoulder injuries, tendonitis and many more are treated by sports medicine specialists. The sports medicine market is growing due to increasing demands of sports players and athletes concerns of quick recovery injury treatment solutions. 

The growth of this market is driven owing to increasing incidences of sports injuries, continuous influx of new products & treatment modalities, developments in the field of regenerative medicine, rising demand for minimally invasive surgeries. For instance, according to the article published by Sarah Megginson in February 2020, 89% of Australian adults participate in sports every year, with 62% participating at least three times a week. According to the American Public Health Association in October 2016, a new smart phone application has been invented in order to specialize in sports injury detection, which captures 99% more physical and mental health symptoms for college athletes than traditional sports medicine surveillance which are some novel technologies expected to gain momentum during the forecast period.

According to the United Nations article, in May 2020, the Olympics and Paralympics were postponed to 2021 due to the spread of COVID-19 across the world. However, with activities are resuming now, including sports, the risk of sports-related injuries increases.

As per the data provided by the Nations Safety Council, about 122.7 per 100,000 people got injured in basketball games. This number is expected to decrease as most of the sports activities got postponed in 2020.

Growing activity in sports and athletic activity among young population is the major factor driving growth of the global sports medicine market. For instance, according to FIFA’s Professional Football Report 2019, there are at least 128,983 professional football players around the world.

Arthrex Inc., CONMED Corporation, Johnson & Johnson, Medtronic PLC, Smith & Nephew, Stryker Corporation, Breg Inc., Wright Medical Group, Performance Health International Limited, Mueller Sports Medicine Inc. are some of the prominent players operating in the global sports medicine market. Several M&A’s along with partnerships have been undertaken by these players to develop new and advanced products.

Insights Presented in the Report

“Amongst product, body reconstruction products segment holds the major share”

Based on product, the sports medicine market is segmented into body reconstruction products, body support and recovery products and accessories. The body reconstruction products segment is expected to dominate the sports medicine market in near future due to increasing cases of sports injuries as sports athletes need to take care of their body parts during sport activities and maintains it for long run.

“Amongst application, the knee injuries segment holds the major share”

Based on application, the sports medicine market is segmented into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, hip & groin, and other injuries. In 2020, knee segment dominated the sports medicine market due to increasing knee fractures and ligament tears leading to growing knee applications in global sports medicine market worldwide.

“Amongst end-user, the hospitals segment holds the major share”

In terms of end user, the global sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, and others. Among these, hospitals segment held the largest market share in 2020 and is further predicted to maintain its leading position in the market over the coming years as well due to increasing usage of sports medicine in surgical implants such as knee, shoulder, wrist, and elbow to treat any kind of sports injury. 

“North America signifies one of the largest markets of Sports Medicine market”

For a better understanding of the market dynamics of the Sports Medicine market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), Rest of World has been conducted. North America is expected to dominate the sports medicine market due to increasing government initiative to encourage the athletes for playing any of the sport. Along with this, many of the manufacturers are launching new and advanced technology-based sports medicine in the region. The U.S. is expected to dominate and lead the growth of the North American market, which is expected to increase due to increases cases of sport injuries among the athletes, along with this huge R&D procedure is perform in the U.S. for introduce advance technology-based sport medicines to provide better treatment and fast recover of the athletes, which help them to return their field as soon as possible. 

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Sports Medicine market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Companies Covered

  • Arthrex Inc.
  • CONMED Corporation
  • Johnson & Johnson
  • Medtronic PLC
  • Smith & Nephew
  • Stryker Corporation
  • Breg Inc.
  • Wright Medical Group
  • Performance Health International Limited
  • Mueller Sports Medicine Inc. 

Have query on this report?

Make an Enquiry

Table of Content

1. MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4.Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Sports Medicine Market Study

2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Sports Medicine Market
2.1.1.Main Objective of the Global Sports Medicine Market

3. MARKET SYNOPSIS

4. EXECUTIVE SUMMARY

5. SPORTS MEDICINE AMID COVID-19

6 .GLOBAL SPORTS MEDICINE MARKET REVENUE (USD MN), 2019-2027F

7. MARKET INSIGHTS BY PRODUCT

7.1.Body Reconstruction Products
7.1.1.Fracture and Ligament Repair Products
7.1.2.Arthroscopy Devices
7.1.3.Implants
7.1.4. Prosthetic Devices
7.1.5. Orthobiologics
7.2. Body Support and Recovery Products
7.2.1.Braces and Supports
7.2.2.Compression Clothing
7.2.3.Physiotherapy Equipment
7.3.Accessories

8. MARKET INSIGHTS BY APPLICATION
8.1.Knee Injuries
8.2.Shoulder Injuries
8.3. Foot and Ankle Injuries
8.4. Elbow and Wrist Injuries
8.5. Hip and Groin Injuries
8.6. Other Injuries

9. MARKET INSIGHTS BY END-USER
9.1. Hospitals
9.2. Ambulatory Surgery Centres
9.3. Physiotherapy Centres and Clinics

10. MARKET INSIGHTS BY REGION
10.1. North America Sports Medicine Market
10.1.1.United States
10.1.2.Canada
10.1.3.Rest of North America
10.2. Europe Sports Medicine Market
10.2.1. Germany
10.2.2.France
10.2.3. United Kingdom
10.2.4.Italy
10.2.5.Spain
10.2.6.Rest of Europe
10.3. Asia Pacific Sports Medicine Market
10.3.1.China
10.3.2. Japan
10.3.3. India
10.3.4.South Korea
10.3.5.Rest of Asia Pacific
10.4.Rest of World Sports Medicine Market

11. SPORTS MEDICINE MARKET DYNAMICS
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

12. SPORTS MEDICINE MARKET OPPORTUNITIES

13.SPORTS MEDICINE MARKET TRENDS

14. LEGAL & REGULATORY FRAMEWORK

15. DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2.Top Business Partnerships
15.2.3.Top Business Expansions, Investments and Divestitures
15.2.4.Top Merger and Acquisitions

16. VALUE CHAIN ANALYSIS

17. COMPETITIVE SCENARIO

17.1. Porter’s Five Forces Analysis
17.1.1. Bargaining power of Supplier
17.1.2. Bargaining power of Buyer
17.1.3.Industry Rivalry
17.1.4.Availability of Substitute
17.1.5. Threat of new Entrants
17.2.Competitive Landscape
17.2.1.Company Shares, By Revenue

18. COMPANY PROFILED
18.1.Arthrex Inc.
18.2.CONMED Corporation
18.3. Johnson & Johnson
18.4. Medtronic PLC
18.5.  Smith & Nephew
18.6.Stryker Corporation
18.7.Breg Inc.
18.8. Wright Medical Group
18.9.    Performance Health International Limited
18.10. Mueller Sports Medicine Inc.

19. DISCLAIMER

Success Stories

Our Clients