The global sports medicine market size is expected to reach USD 15.25 billion by 2033, expanding at a CAGR of 8.62% from 2023 to 2033, according to a new report by Grand View Research, Inc. Rising demand for sports medicine, owing to increasing shift from a sedentary lifestyle to a healthy lifestyle by the younger population, and increasing incidences of injuries among fitness enthusiasts are some of the major factors driving industry growth. Increasing career opportunities and a growing inclination toward fitness owing to rising health awareness have increased the number of people choosing sports as a hobby or a career. This, in turn, is expected to increase their chances of incurring injuries.
For instance, according to Standard Children’s Health, in the U.S., out of 30 million children and teens participating in sports, about 3.5 million incur injuries. Moreover, about 21% of all traumatic brain injuries are incurred from sports and recreational activities, which are also the leading cause of death from sports-related injuries. In addition, nearly 775,000 children are treated for sports-related injuries in the U.S. every year. Thus, significantly high treatment adoption rates in emerging & developed countries and increasing participation in sports are expected to fuel the growth of the market during the forecast period.
The market for sports medicine includes products such as braces, supports, and compression garments, as well as diagnostic tools and devices, surgical equipment, and rehabilitation products. Growing popularity of sports and fitness activities drives the demand for sports medicine products and services. As more people participate in these activities, the risk of injuries increases, creating the need for various advanced products and services to prevent and treat these injuries.
Wearable devices, such as fitness bands & sensors, play a pivotal role in this technological advancement. They enable real-time monitoring of stress loads, assisting in averting fatigue-induced injuries and ensuring athletes maintain peak performance levels. The market is undergoing a significant transformation, especially in rehabilitation. Innovations such as antigravity treadmills, exoskeletons, and augmented/virtual reality tools are becoming crucial in the recovery process. This comprehensive approach expedites recovery and raises the overall quality of sports medicine, introducing a new era of precise and effective athlete care. For instance, in January 2023, Enovis (DJO, LLC) launched DynaClip Quattro and DynaClip Delta bone staples. They offer foot and ankle surgeons ease of use & procedural efficiency.
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The body reconstruction and repair segment accounted for the largest revenue share of 39.22% in 2024.
The knee segment accounted for the largest revenue share of 30.64% in 2024, aided by rising incidences of knee injuries.
North America dominated the overall sports medicine market with the largest share of 51.36% in 2024.
The Asia Pacific region is expected to grow at the fastest rate during the forecast period.
Grand View Research has segmented the global sports medicine market on the basis of product, application, and region:
Sports Medicine Product Type Outlook (Revenue in USD Million, 2021 - 2033)
Body Reconstruction & Repair
Surgical Equipment
Soft Tissue Repair
Bone Reconstruction Devices
Body support & recovery
Braces and Other Support Devices
Compression Clothing
Hot & Cold Therapy
Body Monitoring & Evaluation
Cardiac
Respiratory
Hemodynamic
Musculoskeletal
Others
Accessories
Bandages
Tapes
Disinfectants
Wraps
Others
Sports Medicine Application Outlook (Revenue, USD Million, 2021 - 2033)
Knees
Shoulders
Ankle & Foot
Back & Spine
Elbow & Wrist
Hips
Other
Sports Medicine Regional Outlook (Revenue, USD Million, 2021 - 2033)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
China
Japan
India
Australia
Thailand
South Korea
Latin America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
List of Key Players of Sports Medicine Market
Smith+Nephew
Stryker
Zimmer Biomet
Arthrex, Inc.
Enovis (DJO, LLC)
DePuy Synthes (Johnson & Johnson)
CONMED Corporation
Mueller Sports Medicine, Inc.
Breg, Inc.
Performance Health
Bauerfeind
Karl Storz SE & Co. KG
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