Sports Medicine Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Sports Medicine Market Highlights

• Global sports medicine market revenue is poised to garner USD 13.6 billion by 2032 with a CAGR of 7.2% from 2023 to 2032
• North America sports medicine market value occupied around USD 3.0 billion in 2022
• Asia-Pacific sports medicine market growth will record a CAGR of more than 8% from 2023 to 2032
• Among product, the body reconstruction & repair sub-segment generated over US$ 2.7 billion revenue in 2022
• Based on application, the knees sub-segment generated around 28% share in 2022
• Increasing demand for minimally invasive procedures is a popular sports medicine market trend that fuels the industry demand

Sports medicine is a subspecialty of medicine concerned with the prevention, diagnosis, treatment, and rehabilitation of injuries and medical disorders caused by physical activity and exercise. It is a multidisciplinary strategy including healthcare experts such as physicians, physiotherapists, athletic trainers, and nutritionists who work together to improve athletes' performance and well-being. Sports medicine is concerned with a wide range of concerns, including as sports injuries, musculoskeletal difficulties, exercise physiology, and the overall health and fitness of those who participate in physical activities. In addition to treating injuries, the area stresses preventative measures and performance improvement tactics to assist athletes in reaching their peak physical condition.

Global Sports Medicine Market Dynamics

Market Drivers

• Increasing awareness about sports injuries and fitness
• Advancements in technology drive innovation in treatment and rehabilitation
• Rising participation in sports activities worldwide
• Growing investments in sports medicine research and development

Market Restraints

• Stringent regulations impact product approvals and market entry
• High costs associated with advanced sports medicine treatments 
• Limited insurance coverage for sports-related injuries 

Market Opportunities

• Expanding focus on regenerative medicine opens avenues for advanced treatments
• Growing adoption of telemedicine enhances accessibility to remote populations
• Collaborations with sports organizations and clubs broaden market reach

Sports Medicine Market Report Coverage

Sports Medicine Market Insights

Sports medicine is becoming more and more in demand as a result of changing lifestyles and an increase in sports-related injuries worldwide. The shift towards healthier living and a growing number of individuals pursuing sports careers drive this growth. The prevalence of chronic diseases worldwide has prompted more people to adopt healthier lifestyles, fostering participation in various sports across different age groups. According to the physical activity council, a significant percentage of individuals engage in fitness sports. Lifestyle concerns like smoking, poor diet, lack of physical activity, and excessive alcohol consumption contribute to life-threatening diseases. Increased awareness of these health risks is expected to drive more people towards sports as a preventive health measure.

The increasing number of individuals adopting healthier lifestyles is expected to raise awareness about the harmful effects of certain habits. NGOs and health ministers' continuous efforts, such as organizing camps and marathons, contribute significantly to this awareness. According to the United States' Physical Activity Council, efforts to combat inactivity in the US population saw a decline of 0.2% in 2016, positively impacting the growth of sports medicine.

The rise in career opportunities within sports has led to a rapid increase in the number of athletes, subsequently driving the demand for sports injury management. For instance, according to the Aspen Institute Sports Program, there was an increase from approximately 61% of participants engaging in team sports to about 61%. Such trends are expected to propel the market during the sports medicine industry forecast period.

Sports Medicine Market Segmentation

The worldwide market for sports medicine is split based on product, application, end-user, and geography.

Sports Medicine Products

• Body Reconstruction & Repair
  • Soft Tissue Repair
  • Surgical Equipment
  • Bone Reconstruction Devices
• Body Support & Recovery
  • Compression Clothing
  • Braces & Other Support Devices
  • Hot & Cold Therapy
• Body Monitoring and Evaluation
  • Hemodynamic
  • Musculoskeletal
  • Cardiac
  • Respiratory
  • Others
• Accessories
  • Bandages
  • Tapes
  • Disinfectants
  • Wraps
  • Others

The reconstruction and repair of the body are primarily reliant on products and are projected to retain the highest share of revenue over the sports medicine market forecast period. This segment encompasses equipment such as surgical instruments, soft tissue repair devices, and bone rehabilitation devices. In 2022, it held the largest market share due to increased utilization in minimally invasive surgeries for fractures, ligaments, and arthroscopic procedures. The reconstructive segment involves implants for affected anatomical components like knee, shoulder, foot, hip, and others. Additionally, this segment includes products such as interference screws, fasteners, clamps, caps, connecting bars, and design frames. Surgical equipment plays a significant role in body reconstruction and repair.

Sports Medicine Applications

• Shoulders
• Knees
• Hip
• Ankle and Foot
• Elbow and Wrist
• Back and Spine
• Others

According to sports medicine industry analysis, the knee equipment segment held the largest market share in 2022 and is anticipated to maintain its leading position due to the increasing number of knee surgeries. The high costs and longer follow-up periods associated with these devices are key growth factors. Moreover, the approval process for orthopedic devices faces delays due to stringent regulatory guidelines for Class III approvals. During the forecast period, the knee and foot segment is expected to demonstrate a significant Compound Annual Growth Rate (CAGR). The introduction and prevention of innovative products, such as orthopedic shoes, are anticipated to boost segment growth during this period.

Sports Medicine Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Sports Medicine Market Regional Analysis

It is anticipated that North America will dominate the market during the forecast period. Factors such as improved health infrastructure and increased focus on trauma and related injuries by healthcare workers are driving this high impact. Additionally, high operational costs, extensive repayment coverage, and the availability of skilled professionals are anticipated to further boost the demand for sports medicine in this region.

The fastest growth in the forecast period is expected in Asia Pacific. Increased demand is anticipated to drive growth in developing countries like China, India, and Japan. The rapidly expanding medical tourism industry in these countries also contributes to the rising regional demand. Furthermore, the APKASS (Asia Pacific Knee) initiative aims to promote research, education, and awareness creation. It conducts annual conferences focusing on recent advancements to educate healthcare professionals.

Sports Medicine Market Players

Some of the top sports medicine companies offered in our report include Smith+Nephew, Arthrex, Inc., Wright Medical Group N.V., Performance Health, Stryker, Medtronic, RTI Surgical, KARL STORZ, DJO LLC, Össur, Bauerfeind, Breg Inc., and Mueller Sports Medicine, Inc.