Sports Medicine Market by Product [Repair (Fracture & Ligament), Reconstruction, Implant, Prosthetic, Arthroscopy , Physiotherapy , Orthobiologics, Brace), Application (Knee, Shoulder, Ankle, Hip, Spine), End-User - Global Forecast to 2029
Overview of the Sports Medicine Market
Sports medicine market forecasted to transform from $6.79 billion in 2024 to $9.45 billion by 2029, driven by a CAGR of 6.8%. Major drivers include increased cases of sports injury, the rise in participation in sports events, increased expenditure on research and development, and increased funding and research activities. The huge costs of products and stringent regulations might affect market growth. Despite all these factors, consistent advancement in health technology increases the need for sports medicine. Other important factors identified as growth drivers for this market include the consistent economic growth in target markets and initiatives to develop and improve healthcare infrastructure. These factors are particularly evident in developing countries, making them important opportunity areas in the market.
Sports Medicine Market - Global Outlook Through 2029
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Exciting Opportunities in the Sports Medicine Market
Sports Medicine Market: Overview of Market Dynamics
Driver: Government funding and initiatives to propel the growth of sports medicine
Government funding plays an important role in driving the growth of the sports medicine market by providing funding to establish sports training centers, promote research in sports medicine, provide medical care to athletes, and conduct different sports events. Moreover, government-led health campaigns enhance awareness about the significance of sports medicine, raising the need for and upgrading access to healthcare. For instance, in 2023, the Indian Union Ministry for Youth Affairs and Sports announced that the athletes competing in the Khelo India Para Games would receive comprehensive medical coverage as part of the event. Similarly, in the 2024-25 budget, the Australian government announced USD 494.2 billion for physical and sports activities. Consequently, the sports medicine market is set for significant progress, fueled by continuous government support globally.
Restraint: Lack of sufficiently trained sports medicine professionals
Sports medicine services require competence from orthopedic surgeons, physicians, physiotherapists, and sports trainers. Unfortunately, there is a shortage of these specialists, which leaves patients waiting for a long time and overworked practitioners. This problem, especially in underprivileged areas, can lead to treatment delays and restricted access to required therapies. Moreover, advanced therapeutic procedures, such as non-invasive surgeries and the application of orthobiologics, necessitate specific knowledge and experience. A scarcity of trained specialists to perform these therapies may stifle market expansion. Thus, the lack of qualified sports medicine specialists may hinder the industry’s expansion and its capacity to address the rising need for diagnosing, managing, and preventing sports injuries.
Opportunities: Digital health can broaden the reach of sports medicine
Digital health can enhance the growth of sports medicine by increasing the reach, availability, and patient involvement. Mobile applications and websites created for sports medicine can offer athletes advice on preventing injuries and rehabilitation initiatives. Additionally, by facilitating contact between patients and physicians, these apps can provide guidance and assistance to athletes. For instance, in January 2024, Arthrex, Inc. (US) introduced ACLTear.com, a patient-centered website showcasing the knowledge of ACL injuries. Similarly, in December 2022, Arthrex, Inc. (US) started another website called BunionPain.com to guide patients on bunion therapies. In addition, mobile health apps and wearable technology are essential for injury monitoring, injury prevention, and recovery. Thus, digital health enables sports medicine to reach a larger patient base by increasing its reach, personalization, and efficiency, ultimately leading to better patient outcomes.
Challenges: High costs of innovative treatments and devices
The huge costs of novel therapies and technology are significant factors that challenge the sports medicine market. They restrict accessibility, especially for young individuals, amateur athletes, and those without full health insurance. Additionally, innovative equipment, such as implants, arthroscopy, orthobiologics, prosthetics, braces, and physiotherapy equipment, comes with a high price tag. These huge costs can make it difficult for patients to receive sports medicine care, especially in low-income nations with constrained financial resources. This may cause athletes to avoid care entirely or depend on less efficient therapies. The financial barrier may also deter people from participating in sports and slow market penetration.
Sports Medicine Market Landscape
Stryker is a leading player in reconstructive, medical, surgical, neurotechnology, and spine products. Smith+Nephew focuses on arthroscopy, surgical instruments, implants, and joint reconstruction, especially for the shoulder, knee, and hip. DePuy Synthes, part of Johnson & Johnson, provides a wide range of orthopedic and trauma solutions and innovative surgical tools. Arthrex has expertise in arthroscopy and minimally invasive orthopedic techniques. Zimmer Biomet offers a wide range of orthopedic reconstructive products and solutions for sports medicine, biologics, extremities, and trauma care.
Fracture and ligament repair products to register largest market share in 2024.
Based on the product, body reconstruction products hold the largest share of the sports medicine market. This market is further segmented into fracture and ligament repair products, arthroscopy devices, implants, orthobiologics, and prosthetics. Among these subsegments, fracture and ligament repair products have the largest sports medicine market share. Fractures and ligament injuries most commonly occur in contact sports; fractures affect the hands, wrists, ankles, and feet, while ligament injuries are commonly reported in the anterior (ACL) and posterior cruciate ligaments (PCL). Fracture and ligament repair products are medical devices that promote quicker healing of bone and ligament injuries. Fracture repair products comprise plates and screws, casts, and splints. Ligament repair products comprise sutures and grafts. The rising number of injuries drives the demand for these products.
Physiotherapy equipment to register the highest CAGR during the forecast period.
Physiotherapy equipment has been classified under body support and recovery products; this segment is expected to reach the highest CAGR during the forecast period. Physiotherapy equipment is divided into thermal therapy equipment, electrostimulation equipment, and other physiotherapy equipment. Among them, other physiotherapy equipment comprising ultrasound therapy and laser therapy is expected to have the highest growth due to the effectiveness of these technologies. Ultrasound therapies utilize high-frequency sound waves (800,000 Hz to 2,000,000 Hz) to allow faster recovery of muscles and tissues. Laser therapy is a minimally invasive solution that reduces pain and inflammation and is used for sprains, ACL tears, knee injuries, and strains.
Hospitals hold the largest share of the end-user market during the forecast period.
Hospitals offer comprehensive medical services and innovative infrastructure to treat various sports-related injuries. Hospitals have the infrastructure and personnel to offer commonly required therapies such as ligament reconstruction, fracture repair, and arthroscopy under one roof. Hospitals are also affiliated with research laboratories of prestigious universities and medical schools, which keeps them on the cutting edge of sports medicine breakthroughs. Several government initiatives for the integration of digital health in hospitals, as well as the development of advanced infrastructures and technological innovations, have caused the growth of the sports medicine market for hospitals. Additionally, government-backed programs are conducted regularly to improve the skills of orthopedic surgeons, physiotherapists, and sports medicine professionals.
Asia Pacific to account for a significant market share in the sports medicine market.
The sports medicine market, by region, is categorized into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific is expected to show the highest growth in the sports medicine market in the forecast period. Increased sports participation and expansion of the sports industry are the major factors driving the growth of sports medicine in this region. Other observed factors include the rising number of hip arthroplasty procedures, research in sports medicine, government policies & funding, the formation of sports-related organizations, and innovative technologies. For instance, in June 2023, the Japan Sports Orthopaedic Association was created to encourage investigation and research on therapies, diagnosis, and prevention of sports-related injuries. Similarly, the Uttar Pradesh government in India approved its New Sports Policy 2023, emphasizing athletes’ coaching and physical fitness.
Sports Medicine Market by Geography
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As of 2024, prominent players in the market include Smith+Nephew (UK), DePuy Synthes (US), Stryker Corporation (US), Breg, Inc. (US), Conmed Corporation (US), Zimmer Biomet Holdings (US), Enovis (US), RTI Surgical (US), Performance Health International Limited (US), Bauerfeind AG (Germany), Arthrex (US), Karl Storz (Germany), Mueller Sports Medicine (US), Ossur (Iceland), Ottobock SE & CO. KGAA (Germany), Biotek (India), and Anika Therapeutics (US), among others.
Scope of the Sports Medicine Market Report
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Report Metric |
Details |
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Market size available for years |
2022–2029 |
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Base year considered |
2023 |
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Forecast period |
2024–2029 |
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Forecast units |
Value (USD Million) |
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Segments Covered |
Product, Application, End user, Region |
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Geographies covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
This report has segmented the In sports medicine market based on Product, application, end user and region
By Product (Usd Million; 2022—2029)
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Products
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Repair and Reconstruction Products
- Fracture and ligament repair products
- Arthroscopy devices
- Implants
- Orthobiologics
- Prosthetics
- races and supports
- Physiotherapy equipment
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Repair and Reconstruction Products
- Thermal Therapy
- Electrostimulation Therapies
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Other Therapies
- Compression clothing
By application (2022-2029)
- Knee injuries
- Shoulder injuries
- Foot and ankle injuries
- Hip and groin injuries
- Elbow and wrist injuries
- Back and Spine injuries
- Other injuries
By end user (2022-2029)
- Hospitals
- Ambulatory Surgical Centers
- Physiotherapy Centers and Clinics
By Region (2022-2029)
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North America
- US
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
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Latin America
- Brazil
- Mexico
- Rest of Latin America
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Rest of Middle East & Africa
- GCC Countries
- Rest of Middle East & Africa
Recent Developments in the Sports Medicine Market
- In 2023, Smith+Nephew acquired CariHeal (Israel) to improve the results of cartilage repairs and to lead to enormous value creation.
- In 2022, DePuy Synthes acquired CrossRoads Extremity Systems to expand its offerings in orthopedics, particularly with regard to lower extremity treatments.
- In 2023, Stryker acquired SERF SAS to strengthen its European position and increase the orthopedic portfolio’s market growth.
- Arthrex,Inc. (US) and Skytron (US) partnered to offer comprehensive solutions for operative care facilities, improving surgical quality and patient care with advanced technology and operating room infrastructure.
- Enovis (US) acquired LimaCorporate S.P.A. (Italy) to strengthen its position in the global orthopedic reconstruction market.
Frequently Asked Questions (FAQ):
What will be the addressable market value of the global sports medicine market within five years?
The global sports medicine market is projected to reach USD 9.45 billion by 2029 from USD 6.79 billion in 2024, at a CAGR of 6.8%.
Which product type segments have the highest potential for growth in the sports medicine market?
Body support and recovery products are expected to exhibit the highest growth rates. .
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In this research, the use of primary as well as secondary sources was executed. This comprised finding the factors impacting the industry to ascertain the segmentation types, key players, competitive landscape, market dynamics, and strategies adopted by prominent players.
Secondary Research
Directories, databases like D&B Hoovers, Factiva, white papers, Bloomberg Businessweek, annual reports, SEC filings, business filings, investor presentations, and the compilation of an industry leaders database are some of the methods used in the secondary research. This would aid in providing fundamental details about important companies and market segmentation according to industry trends at different levels, significant market advancements, and technological viewpoints relevant to the sports medicine market.
Primary Research
The report's primary research involved conducting interviews with a diverse range of sources from both the supply and demand sides in order to produce both quantitative and qualitative data. CEOs, area sales managers, territory sales managers, regional sales managers and other important officials from top businesses and organizations represented the industries as primary sources on the supply side. Physiotherapists, physicians, surgeons, department heads, and staff members from physiotherapy centers, hospitals and ambulatory surgical centers were among the primary sources on the demand side. The purpose of this primary study was to confirm market segmentation, pinpoint important market participants, and provide a summary of the important market dynamics and trends.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2023, Tier 1 = >USD 1 billion, Tier 2 = <USD 500 million, and Tier 3 = <USD 100 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Estimation Methodology
The revenue share analysis of the major players for the size of the sports medicine market is also presented in this study. Primary and secondary research are used to identify important market players in the sports medicine area and provide insights into their revenue streams. The primary research approach comprises extremely in-depth interviews with CEOs, directors, and senior marketing executives, while the secondary research procedure mostly relied on the annual and financial reports of major players.
Segment-based technique was used to determine the global market value. The revenue information of significant solution and service suppliers was then used to source these segmented revenues.
The steps in the procedure are
- List the major international companies that are involved in the sports medicine industry. Chart the annual revenues obtained by participants in the sports medicine industry or the closest disclosed business division/product category.
- As of 2024, it represents a significant portion of the global market based on revenue mapping of the leading competitors.
- Extrapolation to the global value for the sports medicine market. Global Sports Medicine Market: Bottom-up approach
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Global Sports Medicine Market: Top-Down Approach
Data Triangulation
The Sports medicine market was segmented under various categories and subcategories using the above-mentioned methodology. Thereafter, proper data triangulation and the market segmentation process are carried out to further increase the accuracy of the data for each segment. Factors and trends from both the demand and supply sides were studied. Rigorous employment of both top-down and bottom-up approaches provided the result of the analysis of the sports medicine market.
Market Definition
The sports medicine market covers an exclusive range of products and technologies that are developed to avoid, diagnose and manage sports related injuries. It is a market that constitutes hospitals, physiotherapy centers and ambulatory surgical centers and even research institutions that offer sports medicine associated therapies and related services, including implants, braces and supports, arthroscopy, surgicals, prosthetics, orthobiologics, physiotherapy equipment and compression clothing. It also comprises the accessories such as tapes, wraps and pads that are helpful in offering support and preventing injury. Sports medicine market has been applied as a broad word describing the portfolio of wide range of products and technologies that provide relief to the athletes from sports injury.
Key Stakeholders
- Manufacturers of Sports Medicine Devices
- Clinical Research Laboratories
- Healthcare Service Providers (Hospitals, Physiotherapy centers and Ambulatory surgical centers)
- Market Share and Consulting Firms
- Medical Device Suppliers, Distributors, Channel Partners, and Third-party Suppliers
- Academic Medical Centers and Universities
- Business Research and Consulting Service Providers
- Venture Capitalists and Other Government Funding Organizations
Objectives of the Study
- To define, describe, and forecast the global in sports medicine market by product, by application, end-user, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To profile the key market players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments, such as product launches & approvals, agreements, partnerships, acquisitions, and collaborations, in the sports medicine market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global sports medicine market
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top 5 companies.
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
- Further breakdown of the Rest of Europe's sports medicine market: Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
- Further breakdown of the Rest of Asia Pacific sports medicine market Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
- Further breakdown of the Rest of Latin America sports medicine market: Argentina, Chile, Columbia and among others
Generating Response ...
Growth opportunities and latent adjacency in Sports Medicine Market