According to the latest report by IMARC Group “Sports Medicine Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028“, The global sports medicine market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.
Sports medicine refers to the medicine that deals with physical fitness, treatment, and prevention of injuries that are caused during athletic activities or exercises. It improves the performance of sportspersons by offering guidance for consuming supplements and nutrition to recover at a faster rate. It aids in treating fractures, ankle sprains, concussions, knee injuries, shoulder injuries, and muscle strains among individuals. As it also assists in decreasing depression, stress, anxiety, and blood pressure and improving metabolism, the demand for sports medicine is rising worldwide.
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At present, the rising prevalence of sports injuries, such as swollen muscles, dislocations, and Achilles tendon injuries, among individuals represents one of the primary factors bolstering the growth of the market. Besides this, the growing participation of people in various fitness and sports-associated activities and exercises to stay fit and healthy is offering a positive market outlook. Apart from this, the wide availability of numerous medical instruments to treat injuries across the globe is strengthening the growth of the market. Moreover, the escalating demand for minimally invasive surgeries (MIS) for athletes and sportspersons is offering lucrative growth opportunities to industry investors. Furthermore, the increasing number of sports medical centers around the world is propelling the growth of the market.
The competitive landscape of the market has also been analyzed, with some of the top leading sports medicine companies.
Some of these key players include:
- Smith & Nephew plc’s
- Medtronic plc.
- Wright Medical Group N.V.
- Mueller Sports Medicine
- RTI Surgical Holdings
- Conmed Corporation
- Performance Health International Limited
- Bauerfeind AG
- KARL STORZ Gmbh & Co. kg
- Zimmer Biomet Holdings, etc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product:
- Body Reconstruction
- Fracture & Ligament Repair Products
- Arthroscopy Devices
- Body Support and Recovery
- Braces & Supports
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
Breakup by Application:
- Knee Injuries
- Shoulder Injuries
- Foot & Ankle Injuries
- Hip & Groin Injuries
- Elbow & Wrist Injuries
- Back & Spine Injuries
Breakup by End-User:
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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