Sports Medicine Devices Market: Current Analysis and Forecast (2022-2028)

Sports medicine is a branch of medicine concerned with the prevention, diagnosis, treatment, and rehabilitation of sports and physical activity-related injuries. It is a multidisciplinary strategy that combines the experience of doctors, physiotherapists, athletic trainers, and other healthcare experts to give athletes and active persons complete treatment.

The burgeoning demand for sports medicine is driven by the rising incidence of injuries related to sports-associated injuries globally. For instance, according to a Stanford Medicine report, In U.S. about 30 million children and teens participate in some form of organized sports of which more than 3.5 million participants experience an injury each year. Further, as per the same source, the highest rate of injury occurs involves contact and collision. Additionally, the Increasing participation of people in sports and fitness-related activities, and the rise in Innovation & Technology advancements in product modalities are expected to fuel the market growth during the forecasting period.

The Sports medicine devices Market is expected to grow at a strong CAGR of 8.5% during the forecast period owing to the increasing incidences of sports injuries in developing countries is anticipated to drive the market during the forecasting period.

Based on Application, the market is segmented into knee injuries, shoulder injuries, foot & ankle injuries, spine & back injuries, elbow & wrist injuries and others. Amongst these, the knee injuries segment dominated the market in 2021. knee injury is the most common form of injury developed by the sports person due to excessive running and jumping leading to wear and tear of joints. For instance, according to the British Journal Of Medicines, knee injury accounted for 41% of the total injury. This factor is expected to augment the market of sports medicine devices in the forecasting period.

By Product, the market is segmented into body reconstruction & repair, body support & recovery, surgery devices and others. Among these, body reconstruction & repair captured the majority share of the sports medicine devices market in 2021. The major share of body reconstruction & repair can be attributed to the increase in no. of sports surgeries requiring reconstruction. The Products under body reconstruction & repair include physiotherapy equipment, braces etc. These products are required before and post surgeries. Thus, owing to the above-mentioned factor the demand for this segment is anticipated to grow the market in the forecasting period.

Based on end-users, the market is segmented into hospitals, physiotherapy centres & clinics and trauma centres. The hospital end-users held a major share of the sports medicine devices market in 2020 and are expected to grow at a substantial CAGR during the forecasted period. This is driven by the rising no. of athletic injuries globally, the availability of skilled healthcare professionals coupled with advanced medical equipment in hospitals.

For a better understanding of the market adoption of the Sports medicine devices industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. Asia-Pacific region is expected to grow with a high CAGR market in 2021 due to the product launches by the key players along with creating awareness amongst healthcare professionals to educate them about the research & development in the field of sports medicine is driving the market growth. For instance, Asia Pacific Knee, Arthroscopy and Sports Medicine Society (APKASS) conduct annual conferences for healthcare professionals to educate them about research & development in the field of sports medicine.

Some of the major players operating in the market include: Arthrex, Inc., Smith & Nephew plc, Medtronic, Bioventus., Stryker, Mueller Sports Medicine, Inc., CONMED Corporation., KARL STORZ, Performance Health, Zimmer Biomet.