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Sports Medicine Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis

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    Report

  • 215 Pages
  • March 2024
  • Region: Global
  • Renub Research
  • ID: 5447671
Sports Medicine Market is predicted to be around US$ 10.34 Billion by 2030. Sports medicine has currently become vital because it can help us keep our bodies healthy and avoid more intense issues later on. Sports medication is an exceptionally specialized concern that prevents, diagnoses, and treats injuries. It gives a vital service to athletes who've sustained harm throughout their sport, letting them go back to the competition as soon as feasible without compromising their protection or risking re-harm. Sports medicine additionally allows humans to recover from injuries associated with different activities, like working out or even sitting too long at work.

Sports Medicine Market is expected to experience a CAGR of 6.04% between 2024 and 2030

Sports-associated accidents are a substantial propelling force within the sports medicine market because of their high prevalence and terrible impact on athletes' performance and well-being. As human beings worldwide increasingly participate in sports activities and physical sports, accidents consisting of sprains, fractures, and muscle traces have multiplied. In America alone, approximately 30 million kids and teenagers take part in organized sports, and over 3.5 million injuries every 12 months cause members to miss a while from their sports activities. Hence, there may be a developing need for superior treatment alternatives, rehabilitation services, and preventive measures presented via the sports medication company to assist athletes recover and improve their overall performance.

Furthermore, technological advancements in orthopedic implants and minimally invasive surgical strategies propel the global sports medicine market. These improvements provide specific, less invasive, quicker recovery alternatives, with advanced materials like titanium alloys improving implant durability. Minimally invasive processes like arthroscopy reduce trauma and healing times, driving demand. In Asia Pacific, speedy urbanization, rising disposable incomes, accelerated sports participation, and developing awareness of fitness fuel market increase, supported by healthcare infrastructure, facilitating accessibility to sports activities remedy interventions. Consequently, the Sports Medicine Market was priced at US$ 6.86 Billion in 2023.

Accessories may have a significant impact on the worldwide sports medicine market

By products, the sports medicine market is fragmented into Body Reconstruction & Repair, Accessories, Body Monitoring & Evaluation, and Body Support & Recovery. Accessories could play a crucial role in the global sports medicine market by complementing treatment and rehabilitation efforts for sports-associated injuries. These include braces, wraps, tapes, and compression garments, offering aid, stability, and pain alleviation to injured athletes. Besides, accessories are a resource in harm prevention, performance enhancement, and post-exercise recovery, making them essential additives of complete sports medication solutions to optimize athletic overall performance and well-being.

Foot and ankle injuries have the potential to become a significant market segment in the realm of sports medicine worldwide

Among applications, the sports medicine market is segmented into Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Hip and Groin Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, and Others. Foot and ankle injuries could represent an essential international sports medicine market segment. This is because of their frequency and impact on athletes. These injuries, such as sprains, fractures, and tendonitis, can considerably impair mobility and performance. As such, specialized diagnostic tools, remedy modalities, and rehabilitation protocols tailor-made to foot and ankle accidents are vital for athletes to set off restoration and return to play, driving demand in the sports medicine market.

Hospitals play a significant role in the sports medicine industry

The sports medicine market is classified based on its end-users, which include hospitals, ambulatory surgery centers, physiotherapy centers, and clinics. Hospitals are among the key players within the sports medicine market owing to their role as primary care vendors for sports activities-related injuries. They offer specialized diagnostic offerings, surgical interventions, rehabilitation applications, and access to multidisciplinary medical groups, ensuring complete care for athletes and active individuals.

The sports medicine market in India may experience an increase in demand

Based on country, the sports medicine market is separated into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). India is predicted to witness improved demand for sports medicine, partly attributed to authorities' projects promoting national sports. Programs like the NSTC (National Sports Talent Contest Scheme) by the Sports Authority of India aim to attract younger talent at the sub-junior level, fostering participation in sports activities among students aged eight to fourteen. Similar tasks boost focus and drive market enlargement, indicating a promising outlook for India's sports medicine market in the coming years.

Key Players

The sports medicine market is comprised of companies like Zimmer Biomet Holdings, Inc., Medtronic Plc., Smith & Nephew Plc., Stryker, Novartis AG, Johnson & Johnson Services, Inc., CONMED Corporation, Surgalign Holdings.

Product - Sports Medicine Market breakup in 4 viewpoints:

1. Body Reconstruction & Repair
2. Accessories
3. Body Monitoring & Evaluation
4. Body Support & Recovery

Application - Sports Medicine Market breakup in 7 viewpoints:

1. Knee Injuries
2. Shoulder Injuries
3. Foot and Ankle Injuries
4. Hip and Groin Injuries
5. Elbow and Wrist Injuries
6. Back and Spine Injuries
7. Others

End-User - Sports Medicine Market breakup in 4 viewpoints:

1. Hospitals
2. Ambulatory Surgery Centers
3. Physiotherapy Centers
4. Clinics

Country - Sports Medicine Market breakup of 25 Countries covered in the Report:

1. North America
1.1 United States
1.2 Canada

2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey

3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand

4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina

5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

  • Overview
  • Recent Development
  • Revenue Analysis

Company Analysis:

1. Zimmer Biomet Holdings, Inc.
2. Medtronic Plc.
3. Smith & Nephew Plc.
4. Stryker
5. Novartis AG
6. Johnson & Johnson Services, Inc.
7. CONMED Corporation
8. Surgalign Holdings

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Sports Medicine Market
6. Market Share - Global Sports Medicine
6.1 By Product
6.2 By Application
6.3 By End User
6.4 By Countries
7. Product - Global Sports Medicine Market
7.1 Body Reconstruction & Repair
7.2 Accessories
7.3 Body Monitoring & Evaluation
7.4 Body Support & Recovery
8. Application - Global Sports Medicine Market
8.1 Knee Injuries
8.2 Shoulder Injuries
8.3 Foot and Ankle Injuries
8.4 Hip and Groin Injuries
8.5 Elbow and Wrist Injuries
8.6 Back and Spine Injuries
8.7 Others
9. End User - Global Sports Medicine Market
9.1 Hospitals
9.2 Ambulatory Surgery Centers
9.3 Physiotherapy Centers and Clinics
10. Countries - Global Sports Medicine Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherland
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter’s Five Forces Analysis - Global Sports Medicine Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - Global Sports Medicine Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Zimmer Biomet Holdings, Inc.
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue Analysis
13.2 Medtronic Plc.
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue Analysis
13.3 Smith & Nephew Plc.
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue Analysis
13.4 Stryker
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue Analysis
13.5 Novartis AG
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue Analysis
13.6 Johnson & Johnson Services, Inc.
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue Analysis
13.7 CONMED Corporation
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue Analysis
13.8 Surgalign Holdings
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Revenue Analysis
List of Figure
Figure-01: Global - Sports Medicine Market (Billion US$), 2019 - 2023
Figure-02: Global - Forecast for Sports Medicine Market (Billion US$), 2024 - 2030
Figure-03: Product - Body Reconstruction & Repair Market (Million US$), 2019 - 2023
Figure-04: Product - Forecast for Body Reconstruction & Repair Market (Million US$), 2024 - 2030
Figure-05: Product - Accessories Market (Million US$), 2019 - 2023
Figure-06: Product - Forecast for Accessories Market (Million US$), 2024 - 2030
Figure-07: Product - Body Monitoring & Evaluation Market (Million US$), 2019 - 2023
Figure-08: Product - Forecast for Body Monitoring & Evaluation Market (Million US$), 2024 - 2030
Figure-09: Product - Body Support & Recovery Market (Million US$), 2019 - 2023
Figure-10: Product - Forecast for Body Support & Recovery Market (Million US$), 2024 - 2030
Figure-11: Application - Knee Injuries Market (Million US$), 2019 - 2023
Figure-12: Application - Forecast for Knee Injuries Market (Million US$), 2024 - 2030
Figure-13: Application - Shoulder Injuries Market (Million US$), 2019 - 2023
Figure-14: Application - Forecast for Shoulder Injuries Market (Million US$), 2024 - 2030
Figure-15: Application - Foot and Ankle Injuries Market (Million US$), 2019 - 2023
Figure-16: Application - Forecast for Foot and Ankle Injuries Market (Million US$), 2024 - 2030
Figure-17: Application - Hip and Groin Injuries Market (Million US$), 2019 - 2023
Figure-18: Application - Forecast for Hip and Groin Injuries Market (Million US$), 2024 - 2030
Figure-19: Application - Elbow and Wrist Injuries Market (Million US$), 2019 - 2023
Figure-20: Application - Forecast for Elbow and Wrist Injuries Market (Million US$), 2024 - 2030
Figure-21: Application - Back and Spine Injuries Market (Million US$), 2019 - 2023
Figure-22: Application - Forecast for Back and Spine Injuries Market (Million US$), 2024 - 2030
Figure-23: Application - Others Market (Million US$), 2019 - 2023
Figure-24: Application - Forecast for Others Market (Million US$), 2024 - 2030
Figure-25: End User - Hospitals Market (Million US$), 2019 - 2023
Figure-26: End User - Forecast for Hospitals Market (Million US$), 2024 - 2030
Figure-27: End User - Ambulatory Surgery Centers Market (Million US$), 2019 - 2023
Figure-28: End User - Forecast for Ambulatory Surgery Centers Market (Million US$), 2024 - 2030
Figure-29: End User - Physiotherapy Centers and Clinics Market (Million US$), 2019 - 2023
Figure-30: End User - Forecast for Physiotherapy Centers and Clinics Market (Million US$), 2024 - 2030
Figure-31: United States - Sports Medicine Market (Million US$), 2019 - 2023
Figure-32: United States - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-33: Canada - Sports Medicine Market (Million US$), 2019 - 2023
Figure-34: Canada - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-35: France - Sports Medicine Market (Million US$), 2019 - 2023
Figure-36: France - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-37: Germany - Sports Medicine Market (Million US$), 2019 - 2023
Figure-38: Germany - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-39: Italy - Sports Medicine Market (Million US$), 2019 - 2023
Figure-40: Italy - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-41: Spain - Sports Medicine Market (Million US$), 2019 - 2023
Figure-42: Spain - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-43: United Kingdom - Sports Medicine Market (Million US$), 2019 - 2023
Figure-44: United Kingdom - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-45: Belgium - Sports Medicine Market (Million US$), 2019 - 2023
Figure-46: Belgium - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-47: Netherland - Sports Medicine Market (Million US$), 2019 - 2023
Figure-48: Netherland - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-49: Turkey - Sports Medicine Market (Million US$), 2019 - 2023
Figure-50: Turkey - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-51: China - Sports Medicine Market (Million US$), 2019 - 2023
Figure-52: China - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-53: Japan - Sports Medicine Market (Million US$), 2019 - 2023
Figure-54: Japan - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-55: India - Sports Medicine Market (Million US$), 2019 - 2023
Figure-56: India - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-57: South Korea - Sports Medicine Market (Million US$), 2019 - 2023
Figure-58: South Korea - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-59: Thailand - Sports Medicine Market (Million US$), 2019 - 2023
Figure-60: Thailand - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-61: Malaysia - Sports Medicine Market (Million US$), 2019 - 2023
Figure-62: Malaysia - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-63: Indonesia - Sports Medicine Market (Million US$), 2019 - 2023
Figure-64: Indonesia - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-65: Australia - Sports Medicine Market (Million US$), 2019 - 2023
Figure-66: Australia - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-67: New Zealand - Sports Medicine Market (Million US$), 2019 - 2023
Figure-68: New Zealand - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-69: Brazil - Sports Medicine Market (Million US$), 2019 - 2023
Figure-70: Brazil - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-71: Mexico - Sports Medicine Market (Million US$), 2019 - 2023
Figure-72: Mexico - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-73: Argentina - Sports Medicine Market (Million US$), 2019 - 2023
Figure-74: Argentina - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-75: Saudi Arabia - Sports Medicine Market (Million US$), 2019 - 2023
Figure-76: Saudi Arabia - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-77: UAE - Sports Medicine Market (Million US$), 2019 - 2023
Figure-78: UAE - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-79: South Africa - Sports Medicine Market (Million US$), 2019 - 2023
Figure-80: South Africa - Forecast for Sports Medicine Market (Million US$), 2024 - 2030
Figure-81: Zimmer Biomet Holdings, Inc. - Global Revenue (Million US$), 2019 - 2023
Figure-82: Zimmer Biomet Holdings, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-83: Medtronic Plc. - Global Revenue (Million US$), 2019 - 2023
Figure-84: Medtronic Plc. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-85: Smith & Nephew Plc. - Global Revenue (Million US$), 2019 - 2023
Figure-86: Smith & Nephew Plc. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-87: Stryker - Global Revenue (Million US$), 2019 - 2023
Figure-88: Stryker - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-89: Novartis AG - Global Revenue (Million US$), 2019 - 2023
Figure-90: Novartis AG - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-91: Johnson & Johnson Services, Inc. - Global Revenue (Million US$), 2019 - 2023
Figure-92: Johnson & Johnson Services, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-93: Conmed Corporation - Global Revenue (Million US$), 2019 - 2023
Figure-94: Conmed Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-95: Surgalign Holdings - Global Revenue (Million US$), 2019 - 2023
Figure-96: Surgalign Holdings - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
Table-01: Global - Sports Medicine Market Share by Product (Percent), 2019 - 2023
Table-02: Global - Forecast for Sports Medicine Market Share by Product (Percent), 2024 - 2032
Table-03: Global - Sports Medicine Market Share by Application (Percent), 2019 - 2023
Table-04: Global - Forecast for Sports Medicine Market Share by Application (Percent), 2024 - 2032
Table-05: Global - Sports Medicine Market Share by End User (Percent), 2019 - 2023
Table-06: Global - Forecast for Sports Medicine Market Share by End User (Percent), 2024 - 2032
Table-07: Global - Sports Medicine Market Share by Countries (Percent), 2019 - 2023
Table-08: Global - Forecast for Sports Medicine Market Share by Countries (Percent), 2024 - 2032

Companies Mentioned

  • Zimmer Biomet Holdings, Inc.
  • Medtronic Plc.
  • Smith & Nephew Plc.
  • Stryker
  • Novartis AG
  • Johnson & Johnson Services, Inc.
  • CONMED Corporation
  • Surgalign Holdings.

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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