PUBLISHER: DataM Intelligence | PRODUCT CODE: 1575728
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1575728
Asia Pacific Sports Medicine Market - 2024-2031
Report Overview
The Asia Pacific sports medicine market reached US$ 1.72 billion in 2023 and is expected to reach US$ 3.13 billion by 2031, growing at a CAGR of 7.9% during the forecast period 2024-2031.
Sports medicine is largely concerned with the prevention and treatment of sports-related injuries and illnesses. Sports injuries improve the sportsperson's performance, provide injury treatment, and provide preventive measures such as rehabilitation and osteopathy. It includes implants, fracture and ligament repair items, prostheses, body support and recovery products, compression clothes, braces and supports, physiotherapy equipment, thermal treatment, electrostimulation, and accessories.
In addition to its instantaneous impact on athletes, sports medicine benefits others as well by encouraging physical exercise and healthy lifestyles. Sports medicine experts advocate for exercise as a critical component of general health, addressing concerns such as obesity and cardiovascular disease. Their work encourages people of all ages to participate in physical activity and sports safely, establishing an atmosphere that is healthy and improving quality of life.
Market Dynamics: Drivers
Increasing prevalence of sports injuries
The rising prevalence of sports injuries propels the market growth. For instance, according to the Asian Journal of Sports Medicine, among 980 Thai athletes (568 male and 412 female), who participated in the 30th SEA Games, a total of 105 injuries and illnesses were reported. There were 84 injuries and 21 illnesses which equated to an incidence of 86 injuries and 21 illnesses per 1000 athletes. The most commonly injured body part was the lower leg (14% of all injuries), followed by the shoulder and clavicle.
Ligament sprain or rupture and contusion (25% of all injuries) were reported as the most common type of injury. Of all injuries, 56 were classified as needing medical attention (only), 26 caused performance restriction, and two caused complete-time loss. The most common athlete illness was respiratory illness (48% of all illnesses) followed by gastrointestinal illness (19% of all illnesses). One-third (7 out of 21) of athlete illnesses restricted the athlete's performance, and the remaining 14 only required medical attention.
Restraints
Factors such as shortage of skilled professionals are expected to hamper the market. First and foremost, a shortage of trained practitioners, such as sports physicians, physiotherapists, and athletic trainers, limits player's access to specialist care. This shortage can cause delays in diagnosis and treatment, affecting athlete's performance and recovery durations. As a result, the overall quality and effectiveness of sports medicine services might decline, obstructing the value provided to both professional and amateur athletes.
Market Segment Analysis
The Asia Pacific sports medicine market is segmented based on product, application, and end-user.
The segment body reconstruction and repair accounted for approximately 43.1% of the Asia Pacific sports medicine market share
The body support and recovery segment is expected to hold the largest market share over the forecast period. In this segment, technological developments would drive this market. In sports medicine, recovery is the process of returning the body to its normal physiological and psychological state after exercise or injury. Recovery is important because it helps athletes avoid fatigue and muscle soreness that could impact their performance.
Physical restoration includes recovering muscles, the elastic system, and other systems like the cardiovascular, hormonal, immune, metabolic, and nervous systems. Body support involves braces. For instance, in July 2024, Stryker announced the launch of MultiGen 2 Radiofrequency (RF) Generator, this technology provides physicians with the efficiency, control, and reliability they need when performing RF ablation, a minimally invasive procedure that can provide lasting relief to those suffering from facet joint pain.
Market Segmentation
By Product
Body Reconstruction and Repair
Bone Reconstruction Devices
Soft Tissue Repair
Body Support and Recovery
Braces and Other Support Devices
Hot & Cold Therapy
Body Monitoring and Evaluation Devices
Musculoskeletal
Cardiac
Others
Accessories
Bandages
Disinfectants
Others
By Application
Ankle & Foot Injuries
Back & Spine Injuries
Elbow & Wrist Injuries
Hip Injuries
Others
By End-User
Hospitals
Specialty Clinics
Others
Market Competitive Landscape
The major players in the Asia Pacific sports medicine market include Auxien, Sharma Orthopedic Private Limited, Maxx Orthopedics, Inc., Sports Lab, LimaCorporate S.p.A, Adler Ortho Australia, Madison Ortho, Double Medical Technology Inc., Olympus Terumo Biomaterials Corporation, Orthotech among others.
Key Developments
In June 2024, Meril, a Gujarat-based medical devices company, launched an indigenously developed surgical robotic technology, MISSO, which will provide assistance to doctors during knee replacement surgeries in real time.
In July 2023, Physiotattva, a pan-Indian physiotherapy brand, recently launched a new age protocol-based musculoskeletal branch of aqua therapy focusing on knee treatment, in the Whitefield branch, Bengaluru.
Why Purchase the Report?
To visualize the Asia Pacific sports medicine market segmentation based on product, application, and end-user as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development
Excel data sheet with numerous data points of Asia Pacific sports medicine market level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping is available in Excel consisting of key products of all the major players.
The Asia Pacific sports medicine market report would provide approximately 51 tables, 54 figures, and 181 Pages.
Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Market Definition and Overview
3. Executive Summary
- 3.1. Market Snippet by Product
- 3.2. Market Snippet by Application
- 3.3. Market Snippet by End User
- 3.4. Market Snippet by Region
4. Asia Pacific Sports Medicine Market - Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. COVID-19 Analysis
- 5.6. Pricing Dynamics Amid COVID-19
- 5.7. Demand-Supply Spectrum
- 5.8. Government Initiatives Related to the Market During the Pandemic
- 5.9. Manufacturers Strategic Initiatives
- 5.10. Conclusion
6. By Product
- 6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 6.1.2. Market Attractiveness Index, By Product
- 6.2. Body Reconstruction and Repair
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 6.3. Body Support and Recovery
- 6.4. Body Monitoring and Evaluation Devices
- 6.5. Accessories
7. By Application
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 7.1.2. Market Attractiveness Index, By Application
- 7.2. Ankle & Foot Injuries
- 7.3. Back & Spine Injuries
- 7.4. Elbow & Wrist Injuries
- 7.5. Hip Injuries
- 7.6. Others
8. By End User
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 8.1.2. Market Attractiveness Index, By End User
- 8.2. Hospitals
- 8.3. Specialty Clinics
- 8.4. Others
9. By Country
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.1.2. Market Attractiveness Index, By Country
- 9.2. India
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.3. China
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.4. Japan
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.5. South Korea
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
- 9.6. Australia
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
11. Company Profiles
- 11.1. Smith & Nephew PLC.
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Key Highlights
- 11.1.4. Financial Overview
- 11.2. Arthrex, Inc.
- 11.3. Ossur hf
- 11.4. Stryker Corporation
- 11.5. Conmed Corporation
- 11.6. Zimmer Biomet Holdings, Inc.
- 11.7. Breg, Inc.
- 11.8. Mueller Sports Medicine, Inc.
- 11.9. Tornier, Inc.
- 11.10. Skins International Trading AG
- 11.11. Wright Medical Technology, Inc.
- 11.12. DePuy Mitek, Inc.
- 11.13. 3M Company Ace Brand
- 11.14. OttoBock Healthcare GmbH
- 11.15. DJO Global, Inc.
12. DataM Intelligence
- 12.1. Appendix
- 12.2. About Us and Services
- 12.3. Contact Us
