According to Custom Market Insights (CMI), the Global Sports Medicine Market was valued at approximately USD 7 billion in 2021 and is projected to reach around USD 11 billion by 2030. This market is anticipated to expand at a compound annual growth rate (CAGR) of 7% from 2022 to 2030.

The CMI research report provides a comprehensive 360-degree analysis of the Sports Medicine market, highlighting the key growth drivers, restraints, and the overall impact of these factors on market demand throughout the forecast period. Furthermore, the report presents insights into global market opportunities along with a competitive landscape evaluation.

Sports Medicine Market: Overview

Sports medicine is a specialized branch of healthcare that focuses on improving the physical performance and recovery of individuals involved in sports and physical activity. This field encompasses a wide range of products that not only assist in the treatment and rehabilitation of sports-related injuries but also aid in injury prevention.

The market for sports medicine is expected to witness substantial growth driven by a variety of factors. These include the rising incidence of sports-related injuries, the expansion of sports medicine associations, and continual advancements in medical technology. Football and baseball, for instance, are sports that frequently report high injury rates. Additionally, the lack of adherence to safety protocols during athletic activities is expected to further contribute to the market’s expansion over the forecast period.

Despite these positive trends, the market faces certain challenges. The growth trajectory could be impeded by issues such as unfavorable reimbursement policies and a general lack of awareness regarding available treatment options, especially in emerging markets.

You can explore the full report titled “Sports Medicine Market Size, Trends, and Insights By Product (Body Reconstruction & Repair, Surgical Equipment, Bone Reconstruction Devices, Soft Tissue Repair, Body Support & Recovery, Braces, and Other Support Devices, Hot & Cold Therapy, Compression Clothing, Body Monitoring & Evaluation, Cardiac, Hemodynamic, Respiratory, Musculoskeletal, Others, Accessories, Bandages, Disinfectants, Tapes, Wraps, Other), By Application (Knees, Elbow & Wrist, Ankle & Foot, Shoulders, Back & Spine, Hips, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” at:
https://www.custommarketinsights.com/report/sports-medicine-market/

Growth Factors

Several core factors are anticipated to drive market expansion. Government initiatives encouraging public participation in sports, coupled with increased awareness of personal health and fitness, are expected to boost market demand globally. As more individuals engage in athletic activities, the number of sports injuries is likely to rise, further increasing the need for sports medicine products and services.

According to the National Safety Council (NSC), over 400,000 injuries related to sports and recreational activities were reported in the United States in 2019 alone. Additionally, ongoing innovations in orthopaedic treatment—such as 3D printing technology for implants and the integration of bionic and sensor-based technologies in prosthetics—are expected to create promising growth opportunities for the sports medicine sector over the coming years.

However, the outbreak of the COVID-19 pandemic temporarily disrupted market growth. The widespread cancellation and postponement of sporting events, including the Tokyo Olympics and Paralympics, led to a decline in sports injuries and, consequently, demand for sports medicine. During this period, healthcare resources were reallocated to urgent care, and elective surgeries were delayed, resulting in lower product demand and a decrease in hospital visits. Additionally, disruptions in manufacturing operations negatively impacted the supply chain, hindering overall market performance in 2020.

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Segmental Overview

The Sports Medicine Market is segmented based on Product and Application.

Among application segments, knee-related treatments accounted for the largest market share in 2021. This dominance is attributed to the consistent rise in knee injuries, which are particularly prevalent among individuals participating in sports or physically intensive activities. Running and jumping place repetitive stress on the knee joint, making it highly susceptible to injury. According to the British Journal of Sports Medicine, approximately 40% of all sports-related injuries involve the knee.

This segment is also expected to exhibit the fastest growth over the forecast period, fueled by a broad range of advanced treatment options. These include arthroscopic knee surgery, platelet-rich plasma therapy, dry needling, soft tissue massage, and osteopathic manipulation. The wide availability of such therapies and their effectiveness in treating knee injuries significantly contribute to the growth of this segment.

Regional Overview

Geographically, North America held the largest revenue share in the sports medicine market. Key growth factors include a robust healthcare infrastructure, high per capita healthcare spending, and widespread availability of advanced medical technologies for diagnosing and treating orthopaedic injuries.

Meanwhile, the Asia-Pacific region is expected to experience the fastest growth over the forecast period. This rapid expansion can be attributed to increasing adoption of sports medicine across countries like China, Japan, and South Korea. In addition, these nations often have more lenient product approval requirements, allowing quicker and easier market entry for innovative sports medicine products and devices.

Key Market Players

The global sports medicine market features a competitive landscape with the following prominent players:

  • Arthrex Inc.

  • Stryker Corporation

  • Smith & Nephew plc.

  • Breg Inc.

  • DJO Global Inc.

  • Wright Medical Group N.V.

  • Mueller Sports Inc.

  • Medtronic

  • RTI Surgical

  • KARL STORZ

  • Performance Health International Limited

  • Bauerfeind AG

  • Össur

  • Cramer Products

  • RôG Sports Medicine

  • MedShape

  • Biotek

https://www.custommarketinsights.com/report/sports-medicine-market/