Global Sports Medicine Market

Sports Medicine Market Size, Share, Growth Analysis, By Product (Body Reconstruction & Repair, Body Support & Recovery), By Application (Knees Injuries, Shoulders Injuries), By End User (Hospitals, Ambulatory Surgery Centres), By Region - Industry Forecast 2025-2032


Report ID: SQSG35A2059 | Region: Global | Published Date: August, 2024
Pages: 165 | Tables: 100 | Figures: 78

Sports Medicine Market Dynamics

Drivers

Improvements in Healthcare Technology and Growing Number of Sports Injuries

  • Modernizations in healthcare technology comprising advanced treatment methods and diagnostic tools are improving efficiency of sports medicine, helping it gain traction and making it more accessible. Moreover, the rising cases of sports injuries, mainly in the high-intensity sports, is propelling the demand for rehabilitation solutions and effective treatment. These factors are fueling the growth of the sports medicine market.

Growth of Fitness Facilities and Sports Complexes

  • Increasing proliferation of fitness centers, gyms, and sports complexes on the global scale is significantly driving the demand for advanced medicine services and products. Moreover, increasing focus on preventive measures that fuel the need for modernized products like preventive rehabilitation and protective gear is aiding the growth of the market.

Restraints

Strong Competition from Substitute Therapies

  • The popularity and growing availability of complementary and substitute therapies like chiropractic care and acupuncture might impact the demand for sports medicine treatments. Moreover, doubt over inefficiency and safety of some sports medicine treatments or products may impact trust of consumers and ultimately market growth.

Regulatory Issues and Lack of Skilled Experts

  • Navigating complicated regulatory needs for certification and approval of different sports medicine treatments and products could consume a lot of time, potentially deferring market entry of new players and hindering modernizations. Furthermore, less number of skilled professionals of sports medicine is another factor affecting the market growth.
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FAQs

Global Sports Medicine Market size was valued at USD 7.4 billion in 2022 and is poised to grow from USD 7.8 billion in 2023 to USD 12.1 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031). 

Sports Medicine providers need to focus on maximizing their business scope by reaching into new markets and developing sports medicine for different industrial and personal uses. Raising new capital to fund their R&D and business expansion efforts will be essential for new sports medicine companies going forward. The development of custom robots for specific applications across different industry verticals will also help companies expand their sales potential in the future.  'Arthrex, Inc. ', 'Smith+Nephew ', 'Stryker ', 'Depuy Synthes ', 'Enovis ', 'Breg, Inc. ', 'Conmed Corporation ', 'Zimmer Biomet ', 'Rti Surgical ', 'Performance Health ', 'Bauerfeind ', 'Karl Storz ', 'Mueller Sports Medicine, Inc. ', 'Össur ', 'Ottobock ', 'Biotek ', 'Anika Therapeutics, Inc. ', ' Bioventus ', ' Miach Orthopaedics ', ' Monogram Orthopaedics'

Modernizations in healthcare technology comprising advanced treatment methods and diagnostic tools are improving efficiency of sports medicine, helping it gain traction and making it more accessible. Moreover, the rising cases of sports injuries, mainly in the high-intensity sports, is propelling the demand for rehabilitation solutions and effective treatment. These factors are fueling the growth of the sports medicine market.

Regenerative medicine holds abundant potential in sports medicine domain, offering fresh opportunities for curing injuries and speeding recoveries. Techniques, such as stem cell injections, PRP (plasma-rich-platelet) therapy, and tissue engineering are actively adopted to enhance tissue regeneration and repair, enabling sports players to play stronger and faster.

Region-wise, North America is holding a dominant share of the market owing to increasing participation in sports. The region holds a strong culture of recreational and competitive sports with broader participation in different age groups. This sports engagement is leading to an increasing number of sports injuries and simultaneously the demand for better solutions for sports medicine. In addition, advanced healthcare infrastructure is driving the growth of the region's market. The leading players operating in North America include ConMed Corporation, Stryker Corporation, Smith & Nephew, Johnson & Johnson, and more.

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Global Sports Medicine Market

Report ID: SQSG35A2059

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