The global sports medicine market size was valued at USD 7.3 billion in 2018 and is expected to expand at a CAGR of 7.8% over the forecast period. The demand for sports medicine is on rise owing to the changing lifestyle and rising cases of sports injuries across the globe. Shift towards healthy lifestyle coupled with increasing number of individuals choosing sports as a career is anticipated to further fuel the growth.
Increasing prevalence of chronic diseases across the globe has encouraged majority of the population to adopt healthy lifestyle. Hence, people from different age groups participate in various sports activities. For instance, as per the Physical Activity Council, around 66.0% people participated in fitness sports in 2018, whereas in 2013 it was around 60.1%. Some of the major lifestyle-related concerns include smoking, increasing adoption of Western diet, lack of physical activity, and over consumption of alcohol can lead to life threatening diseases. Rising awareness regarding these diseases is anticipated to encourage people to engage in various sports.
Rising awareness about the harmful effects of such habits and continuous efforts by NGOs and health ministries, such as organizing campaigns and marathons, are expected to increase the number of individuals adopting healthier lifestyle. According to the U.S. Physical Activity Council, the level of inactivity among the U.S. population had decreased by 0.2% in 2016, which has positively influenced the growth of the sports medicine market.
Growing career opportunities in sports is also leading to steep rise in number of sportspersons, resulting into rapid demand in sports injury management services. For instance, according to the Sports Society Program by the Aspen Institute, around 61.0% people participated in team sports in 2015, which increased to around 61.9% in 2017. Such instances are expected to propel the market over the forecast period.
Based on product, the body reconstruction and repair is expected to hold the highest revenue share over the forecast period. Body reconstruction and repair segment includes devices such as surgical equipment, soft tissue repair equipment, and bone reconstruction devices. This segment accounted for the largest market share in 2018, attributed to growing usage of fracture and ligament devices and arthroscopy devices for minimally invasive surgeries.
The body reconstruction segment includes devices such as implants for anatomical parts that have been damaged, such as knee, shoulder, foot, hip and others. Other products within this segment includes interference screws, clamps, fasteners, connecting bars, hinges, sockets, caps, and design frames. Surgical equipment accounted for a significant share among the body reconstruction and repair segment.
Knee devices accounted for the largest market share in 2018. This segment is anticipated to maintain its leading position owing to the rise in knee surgeries. The high cost of these devices and longer follow up period are the major factors challenging the growth. Moreover, stringent regulatory guidelines for approval of class III medical devices are slowing the approval process of orthopedic devices.
Ankle and foot segment is expected to showcase significant CAGR during the forecast period. Introduction of innovative products such as orthopedic shoes coupled with rising preference for preventive measures is expected to boost the segment growth during the forecast period.
North America is expected to lead the market over the forecast period. Improvement in healthcare infrastructure and increase in focus of healthcare providers on trauma and related injuries are some of the high impact rendering drivers. In addition, high cost associated to surgeries, good reimbursement coverage, and availability of skilled professionals are anticipated to spur the demand for sports medicine during the forecast period.
Asia Pacific is anticipated to witness fastest growth during the forecast period. Rising demand from developing countries such as China, India, and Japan is anticipated to boost the growth. Rapidly growing medical tourism industry in these countries can also be attributed to the increase in regional demand over the forecast period. Furthermore, Asia Pacific Knee, Arthroscopy and Sports Medicine Society (APKASS) works towards promoting research and creating a medium for education and awareness. It conducts annual conferences to educate healthcare professionals about the recent transformations.
Prominent market players market include Stryker Corporation; Arthrex. Inc.; Tornier N.V.; Wright Medical Technology; and DJO Global. They are involved in adopting strategies such as mergers and acquisitions and entering into partnerships to strengthen their market position.
For instance, in July 2015, Mitek Sports Medicine, a division of DePuy Orthopaedics, Inc. launched the VAPR radiofrequency device during the annual meeting of the American Orthopedic Society for Sports Medicine (AOSSM). Such instances are expected to increase the global reach of the company.
Base year for estimation
Actual estimates/Historical data
2015 - 2017
2019 - 2026
Revenue in USD Million & CAGR from 2019 to 2026
North America, Europe, Asia Pacific, Latin America & MEA
U.S., Canada, U.K., Germany, Italy, Poland, France, China, Japan, India, Thailand, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Revenue, company share, competitive landscape, growth factors, trends
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global sports medicine market report on the basis of product, application, and region:
Product Outlook (Revenue, USD Million, 2015 - 2026)
Body Reconstruction & Repair
Soft Tissue Repair
Bone Reconstruction Devices
Body Support & Recovery
Braces & Other Support Devices
Hot & Cold Therapy
Body Monitoring and Evaluation
Application Outlook (Revenue, USD Million, 2015 - 2026)
Ankle and Foot
Back and Spine
Elbow and Wrist
Regional Outlook (Revenue, USD Million, 2015 - 2026)
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