Sports Medicine Market: Global Industry Analysis by Market Share, Trend, Size, Competitive Landscape, Regional Outlook and Forecast (2024-2030)

Global Sports Medicine Market size was valued at USD 5.87 Bn in 2023 and is expected to reach USD 9.14 Bn by 2030, at a CAGR of 5.8 %.
Overview
Sports medicine is a specialized type of medicine, which is typically prepared for problems arising from the wear and tear of muscles, tearing of ligaments, breaking of bones, or being hit by something or someone while playing on the field. It has evolved quite a bit over time. The most important techniques used today have taken sports medicine to a different level altogether. For instance, knee braces and supports in the developing landscape of sports medicine and protection technology, several trends are shaping the industry. One critical trend is the increasing number of sports medicine patients and growing interest in this specialty. With nearly 12,000 professional athletes in the U.S. and a quarter of the adult population actively participating in sports, there is a substantial opportunity for injury and therapeutics. Such a factor is expected to drive the Sports Medicine Market growth.

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The advancements in concussion treatment and prevention are gaining momentum. The awareness of head injuries has risen, leading to a 7% increase in concussion diagnoses in 2022 compared to the previous year. 34% of these diagnoses indicated severity, emphasizing the importance of improved diagnostic codes and care settings. Also, the field witnesses specific surgical advancements targeting sports injuries, exemplified by the continuous evolution of procedures like Tommy John surgery. Approximately 14% of sports injury diagnoses involve surgeries, highlighting the integral role of surgical interventions in comprehensive sports medicine. The physical therapy in athlete recovery is underscored, with 20% of sports injury diagnoses having related physical therapy claims. Therapists, particularly physical and occupational therapists, are crucial in this process, contributing to almost 8% of provider procedures in 2022-2023, which drives the Sports Medicine Market demand globally.

Arthrex is a leading medical device company specializing in orthopedic and sports medicine products. Committed to sustainability, Arthrex has implemented a waste reduction program and constructed LEED-certified buildings with energy-efficient features. The company offers a diverse product portfolio, including surgical instruments, implants, biologics, imaging systems, and rehabilitation products. However, Smith+Nephew, a global medical technology business, recently showcased its latest sports medicine innovations at the American Academy of Orthopaedic Surgeons 2022 Annual Meeting. Featured technologies include the FAST-FIX FLEX Meniscal Repair System, INTELLIO Connected Tower, WEREWOLF FASTSEAL 6.0 Hemostasis Wand, REGENETEN Bioinductive Implant, and CAP-FIX Suture Passer. These advancements demonstrate the company's commitment to providing cutting-edge solutions for joint repair and arthroscopic procedures.
Dynamics
Increasing Sports Injuries and Active Lifestyles to Drive the Market Growth

The increasing participation in sports and physical activities has led to a surge in the number of sports-related injuries. As more individuals engage in various sports and fitness routines, the demand for sports medicine products and services is on the rise. The prevalence of injuries, such as sprains, strains, fractures, and ligament tears, necessitates advanced medical interventions, contributing significantly to the growth of the sports medicine market. The demand for sports medicine is to be driven by a transition from proactive to preventive treatment for sports injuries.

Sports and recreational activities, while beneficial for children's physical and social development, unfortunately, pose a significant risk of injury. Annually, over 3.5 million children aged 14 and younger experience injuries during sports or recreational pursuits. Although fatalities are rare, the leading cause of death resulting from sports-related incidents is brain injury. Alarmingly, approximately 21 percent of all traumatic brain injuries among American children stem from sports and recreational activities. Bicycling, skateboarding, and skating incidents contribute substantially to the risk, accounting for almost 50 percent of head injuries sustained during sports. Hospital emergency rooms treat more than 775,000 children each year for sports-related injuries, highlighting the pervasive nature of the issue. These injuries are predominantly caused by falls, collisions, being struck by objects, and overexertion, often occurring during unorganized or informal sports activities. These statistics underscore the critical need for preventive measures, heightened safety awareness, and improved protective measures to ensure the well-being of young participants in sports and recreational endeavors. For instance,

 In the USA, it is estimated that 30 million children and adolescents participate in youth sports. High school athletes account for an estimated 2 million injuries, 500,000 doctor’s visits and 30,000 hospitalizations each year.

 In the EU, sports injuries account for around 6.2 million people annually needing hospital treatment; with 7% (402,000 cases) having to be admitted for further treatment.



Rise in Sports Participation Among Aging Population to Influence the Market

The aging global population is increasingly engaging in sports and fitness activities, driving the demand for sports medicine services. As individuals strive to maintain active lifestyles later in life, there is a growing prevalence of sports-related injuries among the elderly. This demographic shift presents a significant opportunity for the sports medicine market to expand its reach and cater to the unique healthcare needs of older athletes. Specialized rehabilitation programs, joint preservation strategies, and age-specific interventions are becoming essential components of sports medicine offerings. Capitalizing on the intersection of aging demographics and sports participation not only opens up new revenue streams but also emphasizes the importance of comprehensive sports healthcare across all age groups. As the aging population continues to prioritize fitness, the sports medicine market is poised for sustained growth and development.

The Sports Medicine Market is propelled by the surge in sports-related injuries and the growing adoption of active lifestyles worldwide. As more individuals engage in physical activities, the incidence of sports injuries rises, driving demand for advanced medical interventions. This trend is expected to increase the awareness of health and fitness, resulting in a larger patient pool seeking sports medicine solutions. The market growth is intricately linked to the prevalence of injuries among athletes and fitness enthusiasts, necessitating innovative and effective treatments to facilitate quicker recovery and rehabilitation.



Technological Advancements in Treatment Modalities of Sports Medicine to Boost the Market

Continuous innovation in medical technologies and treatment approaches is a major driver of growth in the sports medicine market. Advancements in minimally invasive surgeries, regenerative medicine, and the development of cutting-edge diagnostic tools have enhanced the precision and effectiveness of sports injury treatments. These technological breakthroughs not only improve patient outcomes but also attract healthcare professionals and athletes to adopt state-of-the-art sports medicine solutions.
Table: Tech Advancements in the Sports Medicine Industry




Key Sport Technology Advancements
Details




Arthroscopic Surgery
Revolutionizing injury treatment, arthroscopic surgery uses small incisions, a camera, and specialized tools for quicker recovery. Suture anchors replace invasive techniques, enhancing soft tissue-to-bone attachment. Meniscus transplantation targets specific knee damage, avoiding full replacements.


Biologic Solutions
Platelet-rich plasma injections, guided by musculoskeletal ultrasound, aid major repairs. PRP injections show excellent results, accelerating the return of athletes with partial tears from throwing injuries.


ACL Reconstruction
Advancing from single-bundle to double-bundle ACL reconstruction techniques enhances rotational and front-back stability, reducing post-surgery attrition rates. Athletes benefit from improved cutting and pivoting motions with reduced re-injury risks.


New Computer Technology
Computer technology predicts and treats injuries using multiplane ultrasound and fluoroscopy.


Improved Surgical Technique
Minimally invasive surgery, employing ultrasound waves, removes injured tissue. Advances in surgical techniques support biologic regeneration.


Hip Surgery
Addresses hip impingement with minimally invasive procedures, ensuring faster recovery. Involves smaller incisions and less disruption to surrounding tissues, benefiting athletes seeking to minimize impact on performance.


Spine Surgery
Utilizes minimally invasive spine surgery for faster diagnosis and treatment of spinal cord injuries. Accelerates recovery, enabling athletes to return to play within a year.


Robotic Technology
Introduces computer-aided robotic technology for precise partial knee and hip replacements. 3D CT scans guide surgical planning, enhancing accuracy and efficiency. The robot acts as a guide during surgery, ensuring predetermined plans are executed with precision.



In recent years, the Sports Medicine Market has witnessed a surge in technological innovations, particularly in diagnostic tools. Advanced imaging techniques, such as high-resolution ultrasound, magnetic resonance imaging (MRI), and computerized tomography (CT) scans, enable more accurate and detailed assessments of sports-related injuries. As a result, such technological advancement in various diagnostics tools their demand is expected to create lucrative opportunities for market growth.

High Costs and Accessibility Challenges to Pose a Challenge and Restrain the Market Growth

The Sports Medicine Market faces a significant hurdle due to the high costs associated with specialized equipment, treatments, and expert consultations. Accessibility challenges further compound this issue, restricting the market's reach to a broader demographic. Athletes, particularly in less economically developed regions, may find it difficult to afford or access cutting-edge sports medicine technologies and services. This financial barrier hampers the Sports Medicine Industry's potential for widespread adoption. Such a challenge requires innovative pricing models, strategic partnerships to reduce costs, and initiatives to make sports medicine more accessible globally. Overcoming financial barriers not only benefits individuals by promoting better health but also unlocks the untapped market potential for sports medicine products and services on a global scale.
Sports Medicine Market Segment Analysis:
By Application:
Based on application, the knee injuries segment dominated the largest Sports Medicine Market share in 2023. Such injuries frequently occur during sports and other physical activities, where extensive running and jumping contribute to the gradual wear and tear of the knee joint. The segment's substantial growth is driven by a spectrum of advanced treatments, including dry needling, soft tissue massage, osteopathic manipulation, platelet-rich plasma therapy, and arthroscopic surgeries designed for knee repair. The proliferation of available treatments, coupled with the escalating incidence of knee injuries, stands out as a pivotal catalyst for the noteworthy expansion of this segment.
The ankle and foot Sports Medicine segment is anticipated to grow at a significant (CAGR) throughout the forecast period. This projection is underpinned by the heightened engagement in sports and physical activities, accentuating the probability of ankle and foot injuries. Athletes and fitness enthusiasts participating in high-impact sports like basketball, football, and running face an elevated susceptibility to injuries in the ankle and foot regions. The accelerated growth of this segment is reflective of the increasing awareness and participation in sports, contributing to a surge in injuries necessitating specialized medical attention and innovative treatment modalities.


Sports Medicine Market Regional Insights:
North America held the largest share of the global Sports Medicine market in 2023. The regional market growth is driven by the well-established sports culture, high prevalence of sports injuries, and advanced healthcare infrastructure. The United States, in particular, plays a pivotal role, with a significant emphasis on sports and fitness. Rising awareness about preventive healthcare and an increasing number of sports enthusiasts drive the demand for sports medicine services. Additionally, collaborations between sports organizations, medical institutions, and research centers contribute to advancements in treatment modalities and rehabilitation techniques. The market benefits from a proactive approach to injury prevention, with a focus on comprehensive sports healthcare. As the region continues to prioritize sports-related health, the sports medicine market in Europe is poised for sustained growth.

The Sports Medicine Market in Asia Pacific is expected to grow at a significant CAGR over the forecast period. The market growth in the Asia Pacific is because the rate of adoption of sports medicine in countries such as China, Japan, and South Korea is steadily growing. The rising awareness of health and fitness, increasing disposable income, and a growing sports culture are some key drivers that support the regional market growth. Also, the regulatory framework for product approvals in these countries is comparatively less strict, allowing advanced drugs and medical devices to enter the market more easily.

The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SWOT, and PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Sports Medicine market dynamics, and structure by analyzing the market segments and project the global Sports Medicine market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Sports Medicine market make the report an investor’s guide.
Sports Medicine Market Scope: Inquire before buying



Sports Medicine Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
20234-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 5.87 Bn.


Forecast Period 2024 to 2030 CAGR:
5.8%
Market Size in 2030:
US $ 9.14 Bn.


 Segments Covered:
by Product
Body Reconstruction Products
Body Support and Recovery Products
Accessories


by Application
Knee Injuries
Shoulder Injuries
Foot and Ankle Injuries
Elbow and Wrist Injuries
Back and Spine Injuries
Hip and Groin Injuries
Other Injuries


by Category
Hospitals
Ambulatory Surgery Centres
Physiotherapy Centres and Clinics
Fitness and Training Centers
Other (professional sports team, etc.)



Sports Medicine Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Sports Medicine Key players by Region:
North America:
1.Arthrex, Inc. (USA)
2. Smith & Nephew plc. (U.S.)
3. Stryker Corporation (USA)
4. Breg Inc. (California, USA)
5. DJO Global, Inc. (USA)
6. Mueller Sports, Inc. (USA)
7. Wright Medical Group N.V. (U.S.)
8. Medtronic (U.S.)
9. RTI Surgical (USA)
10. Performance Health International Limited (USA)
11. MedShape (US)
Europe:
12. KARL STORZ (Germany)
13. Ossur (Iceland)
14. Medtronic (Ireland)
Global:
15. DJO Global, Inc. (USA)
16. Performance Health International Limited (USA)
17. Bauerfeind AG (Germany)

Frequently Asked Questions:
1] What is the growth rate of the Global Sports Medicine Market?
Ans. The Global Sports Medicine Market is growing at a significant rate of 5.8 % during the forecast period.

2] Which region is expected to dominate the Global Sports Medicine Market?
Ans. North America is expected to dominate the Sports Medicine Market during the forecast period.

3] What is the expected Global Sports Medicine Market size by 2030?
Ans. The Sports Medicine Market size is expected to reach USD 9.14 Bn by 2030.

4] Which are the top players in the Global Sports Medicine Market?
Ans. The major top players in the Global Sports Medicine Market are Arthrex, Inc., Smith & Nephew plc., Stryker Corporation and others.

5] What are the factors driving the Global Sports Medicine Market growth?
Ans. The increasing participation in sports and cycling activities among the population is expected to drive the Sports Medicine Market growth.

6] Which country held the largest Global Sports Medicine Market share in 2023?
Ans. The United States held the largest Sports Medicine Market share in 2023.