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Sports Medicine Market: By Product Type (Body Reconstruction & Repair, Body Support & Recovery Products, Body Monitoring and Evaluation Devices and Accessories), By Application (Knee Injuries, Ankle & Foot Injuries, Shoulder Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Hip Injuries, & Other Injuries) By End User (Hospitals, physiotherapy centres & clinics), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Sports Medicine is the branch of medicine that is involved in treatment and prevention of injuries related to exercise, sports and physical fitness. The focus areas are prevention and injury care, performance enhancement of sportsmen. It includes preventative measures such as injury prevention and even assist in rehabilitation and osteopathy. Healthcare professionals are involved in medicine practice of sports, preventive measures such as injury injections, prevention, conditioning, rehabilitation, and other treatments such as osteopathic manipulation. Moreover, it also involves fields such as body monitoring, evaluation, reconstruction, support, recovery and as well as extending its application in areas such as ankle, hip, foot, knee, back, spine and shoulder injuries. Sports medicine is a department of medicine that specialised in physical fitness, treatment and prevention of injuries related to exercise and sports.
The sports medicine market size was valued at 6.18 billion USD in 2021 and is expected to reach 12.1 Billion USD by 2032, registering a CAGR of 6.4% from 2021 to 2032. Sports medicine is an expanded field of medical practices includes physical and sports activity. The increase of the market is due to the growth of sports related injuries and the rise in participation of people in fitness and sports related activities. A change to preventive care from proactive treatment for sports injuries is further expected to grow the market for sports medicine over the forecast period.
Sports Medicine market is classified based on the Product Type into Body Reconstruction & Repair, Body Support & Recovery Products, Body Monitoring and Evaluation Devices and Accessories. The body reconstruction and repair segment has the highest share in the sports medicine market and held the largest revenue share. The body reconstruction and repair segment include various devices like equipment related to surgery and soft tissue repair, bone reconstruction devices. The large market share was attributed to the growth in minimal invasive surgeries by adopting arthroscopy devices, increased rise in usage of ligament and fracture repair devices.
Sports Medicine market is classified based on the Application into Knee Injuries, Ankle & Foot Injuries, Shoulder Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Hip Injuries, & Other Injuries The Knee Injuries segment is estimated to have the highest growth over the forecast period. PRICE (Protection, Rest, Ice, Compression, Elevation) therapy usage in increased manner works as the immediate treatment for sports injury leading to the growth of this segment.
Increase in adoption of sports activities, increase in injuries related to sports, increase in awareness related to fitness & sports, improved access to medical instruments, and high rate of advancements in sports medicine are estimated to drive the sports medicine market growth. All the awareness activities and implementation of healthy living by the individuals is aiding the market growth of Sports related Medical market. Even the consistent invention of new products and treatment modalities, within the healthcare is driving the market.
The rise in participation rate of children in sports, is related to an increase in the number of injuries leading to a demand for sports medicine. However, the rise in use of devices which are wearable like several fitness related bands and sensors related devices to track all the activities related to stress, load on heart and fatigue-induced injuries can be tracked and reduced in athletes, owing to the growth of market for sports medicine.
Due to the lack of proper healthcare infrastructure and the rise in number of products being recalled like trauma and sports medicine instruments, implants, surgical screws, implants, and bones in under-developed countries is causing an obstruction in the market growth. High cost of products is also expected to oppose expansion of the medicine market.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Sports Medicine market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America is dominating the market with the highest market share due to the presence of a well-established healthcare system and developed infrastructure. The availability of advanced technology medical devices for treating various injuries is driving the market for sports medicine. However, Asia Pacific is expected to grow highest in the forecast period, as the regulatory process for approval of product is less strict in these regions, aiding in the easy entry of products in this market
COVID-19 pandemic impacted several countries across the globe, Due to the declaration of lockdowns and social distancing norms resulted in the breakdown of the healthcare system. Several constraints and preventions were applied across various industries. Production, Storage and Transportation have been impacted due to the execution of lockdown. The sports medicine market was also impacted during the pandemic. The overall impact of COVID 19 pandemic on the market was negative due to decline in demand for sports medicine. Which was due to reduced sports activities and tournaments.
REPORT ATTRIBUTE |
DETAILS |
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Market size value in 2021 |
USD 6.18 billion |
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Revenue forecast in 2032 |
USD 12.1 billion |
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Growth Rate |
CAGR of 6.4 % from 2022 to 2032 |
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Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD million and CAGR from 2022 to 2032 |
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Report coverage |
Revenue forecast, competitive landscape, growth factors, company ranking and trends |
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Segments covered |
Product Type, Application, End-User and Region |
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Regional scope |
North America, Asia Pacific, Europe, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Arthrex Inc., CONMED corporation, Stryker Corporation, DJO global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V, Wright Medical group, Zimmer Biomet Holdings Inc., Smith & Nephew Plc., and Other Prominent Players |
Sports Medicine market size was estimated at USD 6.18 billion in 2021 and is expected to reach USD 12.1 billion in 2032.
It is the branch of medicine that is involved in treatment and prevention of injuries related to exercise, sports and physical fitness. The focus areas are prevention and injury care, performance enhancement of sportsmen.
Body Reconstruction and Repair segment and Knee Injuries segment hols the largest market share.
Key players: Arthrex Inc., CONMED corporation, DJO global, Johnson & Johnson, Mueller Sport Medicine, Orthofix International N.V, Smith & Nephew Plc., Stryker Corporation, Wright Medical group, Zimmer Biomet Holdings Inc. and Other Prominent Players are the key players in the Sports Medicine market
Growing demand for sports activities and Increased rate of participation in children are the factors driving the Sports Medicine market.
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