Overview

Sports Medicine Market Introduction

Sports medicine market is forecasted to value over USD 10 Billion by 2027 end and register a CAGR of over 6.1% from the forecast 2020-2027

The increasing incidence of sports injuries alongside growing focus towards a healthy lifestyle is driving the growth of the market. Constant innovation of new treatment modalities and products coupled with increasing demand for minimally invasive surgeries is increasing the sports medicine market size. According to the statistics released by sports injury Stanford children health statistics, 30 million kids and teenagers in the United States participate in some form of organized sports. Approximately one-third of all injuries that occurred in childhood are sports-related. Besides, perks associated with sports career have resulted in an ample number of youths opting for professional sports. Access to best medical and high remuneration opportunities are resulted in growing preference towards primary career thus positively influencing the market.

The market is bifurcated into product, application, and region. In terms of product, body reconstruction and repair holds a major sports medicine market growth. Factors such as high demand for arthroscopy devices and rise in the transition from conventional open surgeries to minimally invasive surgeries are bolstering the market.

In terms of application, knee is expected to hold a major market share owing to a growing number of youth choosing sports as a career and an increase in sports-related injuries.

On the basis of region, North America dictates the growth of the market. North America has a high frequency of sports injuries. According to Stanford Children's Health report, approximately 3.5 million injuries occur in the U.S. Rising awareness and efforts by health ministers and NGOs are also bolstering the market in the region. According to the U.S Physical Activity Council, the level of inactivity among U.S population has decreased by 0.2%.

Asia-Pacific regions remain a lucrative region owing to the increasing number of sports-related surgeries and increasing awareness regarding the prevention of sports injuries.

Major players of the market are Wright Medical Technology, DJO Global, Tornier N.V, Arthrex, DePuy Orthopaedics, Zimmer Biomet Holdings, Smith & Nephew Plc, Breg, Inc and Stryker Corporation.

Competitive Landscape:

● In a bid to strengthen its grip over the market, Mitek Sports Medicine, a division of DePuy Orthopaedics launched VAPR radiofrequency device

● Arthrex collaborated with Clemson University, US to provide 10 scholarships worth USD 7500 each for students who will opt for internships and courses aimed at the needs of surgical device sector

Sports Medicine Market Segmentation:

By Product
• Body Reconstruction & Repair
o Fracture & Ligament Repair Products
o Arthroscopy Devices
o Implants
o Orthobiologics
o Prosthetics
• Body Support & Recovery
o Braces & Supports
o Physiotherapy Equipment
o Thermal Therapy
o Electrostimulation
o Other Therapies
o Compression Clothing
• Accessories
By Application
• Knee Injuries
• Shoulder Injuries
• Foot & Ankle Injuries
• Elbow & Wrist Injuries
• Back & Spine Injuries
• Other Injuries
By End User
• Hospitals
• Ambulatory Surgery Centres
• Physiotherapy Centres and Clinics
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

FutureWise Key Takeaways

Growth Prospects
SWOT Analysis
Key Trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global sports medicine market by product, by application, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
Evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansionsProfiling of companies to evaluate their market shares, strategies, financial and core competencies

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