Sports Medicine Industry

The report "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", is projected to reach USD  9.45 Billion by 2029 from USD 6.79 Billion in 2024, growing at a CAGR of 6.8% during the forecast period. The field of sports medicine is growing as a result of numerous factors. The key factor comprises cutting-edge technologies, heightened emphasis on sports related injuries management  and extension of services for rehabilitation. Furthermore, innovations in products such as orthobiologics and arthroscopy are improving treatment outcomes and increasing demand. In addition, government and healthcare institutions globally are funding sports medicine awareness campaigns and infrastructures, which is further driving the market. As the need for prompt diagnosis and preventive care in the management of sports injuries becomes more widely recognized, the use of sports medicine related products and services is rising. The development of physiotherapy clinics and centers is increasing access to cutting-edge therapies, which is driving up market expansion. Prominent players like Arthrex (US), Stryker (US), Smith & Nephew (UK) and DePuy Synthes (US) are diversifying their product portfolios and participating in acquisitions and collaborations to enhance their market presence.These factors combine together increase need for sports medicine for the athleletes.

Browse 245 market data Tables and 37 Figures spread through 280 Pages and in-depth TOC on "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"
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Body support and recovery product segment to register a significant growth rate over the forecast period of 2024-2029.

Body support and recovery  product is further segmented into braces & support, physiotherapy equipment and compression clothing. Braces and support are useful in many different ways in sports medicine.Braces help to manage symptoms and inhibit damage by providing support and stability to sprains and fractures. It is also helpful in reducing pain and inflammation by decreasing pressure on wounded area. They also support fragile and weak joints which are affected by arthritis or ligament injury. Physiotherapy equipment segment is growing as it helps athletes heal from injuries by providing them with exercises that increase their muscular endurance, flexibility, and range of movement. Through the correction of imbalances and weaknesses, physiotherapy equipment helps to improve overall body mechanics, tighten muscles, and promote flexibility. Physiotherapy equipment market is further subdivided into thermal therapy equipment, electrostimulation equipment and other physiotherapy equipment. Among them, other physiotherapy subsegment which comprises ultrasound therapy and laser therapy is observed to grow at the highest rate. Ultrasound therapy utilizes soundwaves between the frequency of 800,00 Hz and 2,000,000 Hz to promote healing of tissues and muscles. Laser therapy offers several benefits such as enhancing quick healing, decreasing pain and reducing inflammation. Compression clothing also has several benefits  such as maintaining warmth in the muscles, avoid straining them, and stop the development of sweat rashes due to which it is widely opted by athelets.

By Hip & Groin Injuries has highest growth rate in the Sports medicine market in 2024

Hip and groin injuries are common as they occur due to sports that require jumping or kicking.Moreover,  athelets who mostly take part in contact sports, without wearing sufficient padding are more prone to hip and groin injuries. The major factors driving this segment comprise increase in osteoarthritis cases and advanced technologies adopted by the key players. To grow in this segment, Stryker devised Gamma 4 Hip Fracture Nailing System to aid in hip fractures, which received FDA approval in March 2024.

Physiotherapy Centers and Clinics to grow at highest rate in the Sports medicine market in 2024

Physiotherapy clinics and centers are vital to the sports medicine industry because they offer vital services that help with injury prevention, therapy, and healing. To aid athletes in their recovery from injuries, they provide specialized rehabilitation regimens.  this involves customized workouts, manual therapy, and therapies  like ultrasound or electrical stimulation.

 Moreover, Physiotherapists strive to increase the strength, flexibility, and general performance of athletes. They create specialized training plans to strengthen areas of weakness and improve their physical skills.

US has the largest share in North America during the forecast period.

The US sports medicine market has high capability for growth. It is due to high awareness and increase in sports participation.As a result, Amateur athletes along with active citizens are more prone to sports related injuries. Moreover, many prominent sports medicine firms, such as Zimmer Biomet, Stryker, DePuy Synthes, and Arthrex have a strong presence in the US. Further, US government invests greatly in medicine research and development that results in the development of cutting- edge technologies in the US. The government also implies policies to provide support to athletes. In 2022, United States and Paralympic Committee used their extra revenue to offer financial support to athletes dyring non-games period.

Key players in this market include Smith & Nephew (UK), DePuy Synthes (US), Stryker (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, INC. (US), Karl Storz GMBH & C0. KG (Germany), Mueller Sports Medicine, INC. (US), Ossur (Iceland), Ottobock SE & CO. KGAA (Germany), Biotek (India), Anika Therapeutics (US) among others

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