Increasing adoption of extreme sports activities, rising incidence of sports related injuries, growing awareness among individuals regarding fitness and sports, and rapid advancements in sports medicine are some factors expected to drive sports medicine market growth.
Increasing adoption of extreme sports activities, rising incidence of sports related injuries, growing awareness among individuals regarding fitness and sports, and rapid advancements in sports medicine are some factors expected to drive sports medicine market growth.
Emergen Research has published its latest report titled “Sports Medicine Market By Product (Body Reconstruction Products, Body Support and Recovery Products), By Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries), By Body Monitoring and Evaluation Devices, By End-Use, and By Region, and By Region, Forecasts to 2027.”
According to Emergen Research, the global sports medicine market size was USD 5.19 billion in 2019 and is expected to reach USD 8.05 billion in 2027 and register a revenue CAGR of 5.6%, during the forecast period, 2020-2027.
Market Dynamics:
Sports medicine is a branch of medicine that is concerned with physical fitness and treatment and prevention of sports related injuries. Sports medicine professionals receive special training aimed at restoring function in injured patients to improve their mobility and accelerate recovery from injuries. Increasing adoption of sports activities among children and teens, growing incidence of severe sports-related injuries among athletes, and advancements in sports medicine training are some key factors expected to drive market revenue growth over the forecast period. In addition, rapid integration of sports medicine into mainstream medicine, increasing number of skilled sports medicine physicians across the globe, and increasing focus on proper management of injuries with physiotherapy and reduce need for surgical interventions are other key factors expected to further fuel revenue growth of the market going ahead.
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Sports medicine is an emerging field of medicine and includes numerous medical and paramedical fields. Sports medicine caters to active and non-active healthy populations and promotes physical activity to improve quality of life among the general population. Increasing focus on healthy lifestyles and growing awareness regarding importance of physical fitness have further contributed to progress of sports medicine. In addition, increase in the number of sports medicine training programs and internships for physicians and healthcare professionals focused on treating and providing medical care to high-performance athletes is another factor expected to drive market revenue growth going ahead. However, lack of resources in underdeveloped and developing regions, low number of skilled professionals, shortage of knowledge regarding benefits of sports medicine, and unavailability of advanced healthcare facilities are some factors expected to restrain revenue growth of the market to a significant extent going ahead.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Body Support & Recovery Products Segment to Account for Largest Revenue Share:
Body support and recovery products segment is expected to account for largest revenue share over the forecast period attributable to increasing use of braces during recovery from fractures, growing incidences of fractures and serious injuries, and availability of braces and supports at cost-effective prices.
Foot and Ankle Injuries Segment to Register Rapid Revenue CAGR:
Foot and ankle injuries segment revenue is expected to expand at a significant CAGR over the forecast period attributable to increasing prevalence of foot and ankle injuries due to rising adoption of sports activities, advancements in minimally invasive surgeries and arthroscopy, and advancements in sports medicine.
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North America to Dominate Other Regional Markets in Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share over the forecast period attributable to increasing focus on sports activities, availability of skilled professionals and experts, rising incidence of sports injuries, growing focus on physical fitness and exercises among individuals, and rising research and development activities in sports medicine.
Major Companies Profiled in the Report Include:
- Arthrex, Inc.
- Smith & Nephew plc
- Stryker Corporation
- Breg Inc.
- DJO Global, Inc.
- Mueller Sports, Inc.
- Wright Medical Group N.V.
- Medtronic
- RTI Surgical
- Performance Health International Limited
- KARL STORZ
- Bauerfeind AG
For the purpose of this report, Emergen Research has segmented into the global Sports Medicine Market on the basis of products, applications, body monitoring, and evaluation devices, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Body Reconstruction Products
- Fracture and Ligament Repair Products
- Assays Arthroscopy Devices
- Implants
- Prosthetic Devices
- Orthobiologics
- Body Support and Recovery Products
- Braces and Supports
- Compression Clothing
- Physiotherapy Equipment
- Thermal Therapy
- Electrostimulation
- Other Therapies
- Ultrasound Therapy
- Laser Therapy
- Accessories
- Tapes
- Disinfectants
- Wraps
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Hip and Groin Injuries
- Others
Body Monitoring and Evaluation Devices Outlook (Revenue, USD Billion; 2017-2027)
- Cardiac monitoring and Evaluation Devices
- Beverages Respiratory Monitoring and Evaluation Devices
- Hemodynamic Monitoring and Evaluation Devices
- Musculoskeletal Monitoring and Evaluation Devices
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Hospital
- Physiotherapy clinics
- Rehabilitation centers
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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