The wide range of medical tools used to prevent, treat, and recover from sports-related injuries is referred to as sports medicine. Even though most teams have had doctors for a long time, sports medicine has only recently been acknowledged as a separate field of medicine.
The market worth of sports medicine in 2021 was USD 6.90 billion, and it will be worth USD 11.86 billion by 2030, growing at a 6.2% CAGR during the forecast period.
Growing physical fitness awareness and an increase in sports injuries are the key factors driving the global market for sports medicine. Additionally, the forecast period is likely to see an increase in government funding for sports-related activities as well as developments in the management of orthopaedic injuries, including the emergence of minimally invasive surgery techniques and allograft techniques.
The growing number of sports injuries and people participating in sports and fitness-related activities drive the demand for sports medicine. A shift from proactive to preventive treatment for sports injuries will enhance the need for sports medicine throughout the forecast period. According to Stanford Children’s Health, approximately 3.5 million sports injuries are reported annually among the nearly 30 million teenagers and kids participating in sports in the United States.
Expensive research and development programs, limited infrastructure, risk in implant devices, expensive sports medicine, and a lack of knowledge in developing nations hamper the market.
Due to the rising popularity of both organized sports and fitness regimens, the market for sports medicine will expand globally. More than 775,000 children younger than 14 years old are visited in hospital emergency rooms each year for sports-related injuries, according to Johns Hopkins Medicine. In addition, the development of other related markets, such as sports rehabilitation, radiology, immunology, hematology, ophthalmology, and pain management, along with an increase in sports medicine knowledge and the introduction of novel treatments for sports injuries in emerging nations, is likely to boost the global sports medicine market growth in the years to come.
In 2021, the body repair & reconstruction segment led the market with 33.1% of the revenue share due to the rise in fractures, ligament tears, and consumer demand for prostheses and orthobiologics. Increased demand for surgical equipment to treat sports injuries like stress fractures contributed to the market’s rise.
However, Body Evaluation and Monitoring will grow at the fastest rate, with a CAGR of 5.2% over the projection period. This is because of an increase in the population of athletes, health-conscious people, and ongoing technological advancements that provide deeper insights into body assessments.
In 2021, the knee injuries segment maintained the largest position in the market. A knee injury affects one or more of the ligaments, tendons, cartilage, bones, and muscles that make up the knee joint. Running, football, basketball, lacrosse, and skiing are a few sports with particularly violent motions that raise the risk of knee joint damage. Knee injuries are caused by sudden stops, turns, spins, and the stress placed on the knee joint while participating in sports.
The hospital segment will grow at a rapid rate contributing for the largest share of the entire market. The need for sports medicine is growing as a result of complicated procedures, diagnostic tests, and other medical treatments. The ankle, knee, and hamstring are the most often injured joints in football, according to the FédérationInternationale de Football Association (FIFA). The most frequent football injury worldwide is an ankle sprain. In emergency departments across the country, 239,943 injuries were treated, including 48,806 fractures, 79,384 strains and sprains, and 5,401 dislocations.
North America was the largest market contributor, with a share of nearly 39% in 2021. The largest share is due to advanced medical facilities, an increase in sports injuries, and an increase in treatment methods brought on by more people participating in sports. 8.6 million sports injuries are reported annually in the US, which increases the need for sports medicine devices and fuels the country’s sports medicine business.
Asia Pacific regional market will expand at a robust 10.5% CAGR during the forecast period. It is due to the rising need for more healthcare facilities, rising healthcare costs, increasing demand for minimally invasive surgeries, an increase in the population of athletes, and a growing awareness of health and fitness.
- Johnson & Johnson Services, Inc.
- Braun Melsungen AG
- Hanger Inc.
- Arthrex Inc. (US), AlloSource
- Novartis AG
- Smith & Nephew plc
- Zimmer Biomet
- Arthrex Inc.
- Wright Medical Group NV.
- Mueller Sports Medicine, Inc.
- CONMED Corporation
- Otto Bock Healthcare GmBH
The market worth of sports medicine in 2021 was USD 6.90 billion, and it will be worth USD 11.86 billion by 2030, growing at a 6.2% CAGR during the forecast period. The growing number of sports injuries and people participating in sports and fitness-related activities drive the demand for sports medicine.