The global sports medicine market is expected to reach a valuation of US$ 6.8 Billion in 2022. Growing at a 5.3% CAGR, it will reach US$ 11.4 billion by 2032. According to the report, body reconstruction products will command a market share of approximately 81.3% in 2021.

Sports medicine is a relatively new medical specialty that encompasses a wide range of medical and paramedical disciplines. Although it is commonly assumed that sports medicine only applies to athletes and sports professionals, it actually applies to all individuals, including active and sick people.

Amateur athletes are also becoming interested in sports medicine, which aims to improve physical activity and quality of life in the general population. As a result, the discipline spans all ages, from childhood to old age, with the goal of preserving and promoting physical health in all age groups.

Growth and development of the sports medicine market will be shaped by high demand for minimally invasive surgeries and an increasing number of sports medical centres. Rising usage of computer-assisted robotic operations to decrease hospital stay and recuperation time will complement growth in the market.

Market Competition

To gain a competitive edge in the market, manufacturers are relying on a variety of strategic initiatives such as innovative product launches, mergers and acquisitions, accreditations, strategic alliances, and partnerships.

Top Key Players Covered-Arthrex, Inc., DePuy Synthes (J&J), Smith & Nephew Plc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Olympus Movement Performance, Karl Storz, Tornier N.V., Wright Medical Group N.V., DJO Global, Ossur HF, Medtronic Plc, CONMED Corporation, Mueller Sports Medicine, Inc., Cayenne Medical, NuOrtho Surgical Inc., Ottobock, RTI Surgical, NuVasive, Inc.

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Key Market Segments Covered in Sports Medicine Industry Research

By Product:

  • Body Reconstruction Products
    • Arthroscopy Devices
      • Arthroscope and Visualization System
      • Resection System
      • Fluid Management System
      • Implants
      • RF System
      • Drills and Fixation System
    • Meniscal Repair Device
    • Prosthetic Devices
    • Orthobiologics
  • Body Support and Recovery Products
    • Braces and Supports
    • Compression Clothing
    • Accessories

By Application:

  • Knee Injuries
  • Shoulder Injuries
  • Ankle & Foot Injuries
  • Back & Spine Injuries
  • Elbow & Wrist Injuries
  • Hip Injuries
  • Others