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Redding, California - April 29, 2024

Sports Medicine Market to be Worth $10.59 Billion by 2031

Sports Medicine Market Size, Share, Forecast, & Trends Analysis by Product (Arthroscopy, Implants, Prosthetic, Suture, Braces, Support, Physiotherapy, Compression) Application (Shoulder, Elbow, Knee, Hip) End User (Hospital, ASC) – Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, 'Sports Medicine Market Size, Share, Forecast, & Trends Analysis by Product (Arthroscopy, Implants, Prosthetic, Suture, Braces, Support, Physiotherapy, Compression) Application (Shoulder, Elbow, Knee, Hip) End User (Hospital, ASC) – Global Forecast to 2031.'

According to this latest publication from Meticulous Research^®, the global sports medicine market is projected to reach $10.59 billion by 2031 at a CAGR of 8.2% from 2024 to 2031.The growth of this market can be attributed to various factors, such as the rising incidence of sports injuries, the growing demand for minimally invasive surgeries, technological developments in sports medicine, and advancements in implants. However, the high cost of orthopedic implants and post-surgical complications restrain market growth.

Furthermore, the rising popularity of sports in emerging economies and 3D-printed implants are expected to offer growth opportunities. However, the lack of trained orthopedic professionals and challenges associated with prosthetic devices are major hindrances to the market’s growth.

Key Players

The key players operating in the global sports medicine market are Zimmer Biomet Holdings, Inc. (U.S.), Stryker Corporation (U.S.), Johnson & Johnson (U.S.), Madison Ortho (Purto Rico), Katsan Medical Devices (Turkey), Smith & Nephew plc (U.K.), CONMED Corporation (U.S.), Enovis Corporation (U.S.), Arthrex Inc. (U.S.), RTI Surgical (U.S.), Mueller Sports Medicine, Inc. (U.S.), and BREG, Inc. (U.S.).

Sports Medicine Market: Future Outlook

The global sports medicine market is segmented by Product (Body Reconstruction & Repair Products [Arthroscopy Devices, Implants, Prosthetic Devices, Suture System/Suture Anchors, Sports Biologics/Biomaterials, Fluid Management Systems, and Other Body Construction & Repair Products], Body Support & Recovery Products [Braces and Support Devices, Physiotherapy Devices {Electrotherapy Devices, Cryotherapy Devices, Ultrasound Therapy Devices, Heat Therapy Devices, Hydrotherapy Devices, Combination Therapy Devices, Shockwave Therapy Devices, Exercise Therapy Devices, Laser Therapy Devices, and Other Physiotherapy Devices}, and Compression Therapy Products {Bandages, Garments, and Pumps}], and Accessories), Application (Shoulder & Elbow Injuries [Biceps Tendon Repair, Elbow Repairs, Rotator Cuff Repair, and Other Shoulder & Elbow Injuries], Hip Injuries [Labral Repair, Capsular Repair, and Other Hip Injuries], Knee Injuries [ACL, PCL Repair, Meniscus Repair, Cartilage Repair, Tendon Repair, and Other Knee Injuries], Neurospinal Injuries, and Other Applications), End User (Hospital & Clinics, Ambulatory Surgical Centers, Physiotherapy Centers, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the global and regional levels.

Among all the products studied in this report, in 2024, the body reconstruction & repair products segment is expected to account for the largest share of the sports medicine market. The segment is further categorized into arthroscopy devices, implants, prosthetic devices, suture system/suture anchors, sports biologics/biomaterials, fluid management systems, and other body reconstruction & repair products. The largest share of this segment is attributed to the increasing participation in sports, the rising number of sports injuries, and the rising demand for minimally invasive surgeries. Additionally, the advancements in implants, prosthetic devices, and arthroscopic devices are contributing to the largest share of the segment.

Among all the applications studied in this report, in 2024, the knee injuries segment is expected to account for the largest share of the sports medicine market. The segment is further categorized into ACL, PCL repair, meniscus repair, cartilage repair, tendon repair, and other knee injuries. As the largest joint in the body, the knee is essential for competing in almost every sport, but it is also the most common site for injury in young athletes. According to the article published in the British Journal Of Sports Medicine, knee injuries account for approximately 41% of all sports injuries. The increasing popularity of certain sports, such as skiing, running, football, basketball, and other sports which has a high risk of knee injuries, contributes to the largest share of the segment.

Among all the end users studied in this report, in 2024, the hospital & clinics segment is expected to account for the largest share of the sports medicine market. The largest share of the segment is attributed to the expansion of public & private hospitals, partnership with sports teams, increasing prevalence of sports injuries, and rising number of healthcare facilities in emerging markets. Emirates Sportsmed, in Dubai, offers comprehensive sports science and technology-driven health assessments and full body healthcare services for amateur and professional sports athletes participating in football, cricket, and other sports. With football legend Frank Lampard as its ambassador and clients, including cricketer Kieron Pollard and MMA Fighter Mohammed Yahya, it has already become a trusted destination for sports injury prevention and rehabilitation.

This research report analyzes major geographies and provides a comprehensive analysis of the market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Denmark, Netherlands, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa.

Among all regions studied in this report, Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing number of people participating in sports, increasing awareness about physical activities, the emerging healthcare landscape, and regional governments' investment in the development of sports infrastructure. For instance, in December 2023, the Sports Ministry in India, under the Khelo India Scheme and National Sports Development Fund (NSDF), sanctioned 341 sports infrastructure projects. In October 2023, Smith & Nephew plc (U.K.) launched a REGENETEN Bioinductive Implant in Japan. The biocompatible and purified collagen-based REGENETEN Bioinductive Implant induces new tendon-like growth. In July 2023, the company launched the same product in India.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=1215

Key questions answered in the report-

Which are the high-growth market segments in terms of product, application, end user, and region/country?
What was the historical market size for sports medicine globally?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, challenges, opportunities, and trends in the global sports medicine market?
Who are the major players in the global sports medicine market?
What is the competitive landscape like, and who are the market leaders in the global sports medicine market?
What are the recent developments in the global sports medicine market?
What are the different strategies adopted by the major players in the global sports medicine market?
What are the geographical trends and high growth regions/countries?

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Redding, California - April 29, 2024

Sports Medicine Market to be Worth $10.59 Billion by 2031

Sports Medicine Market Size, Share, Forecast, & Trends Analysis by Product (Arthroscopy, Implants, Prosthetic, Suture, Braces, Support, Physiotherapy, Compression) Application (Shoulder, Elbow, Knee, Hip) End User (Hospital, ASC) – Global Forecast to 2031

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