Sports Medicine Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global sports medicine market. The report provides an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges, along with detailed insights into the market structure.

Key Insights:

Sports Medicine Market Size (2024E): USD 5 billion
Projected Market Value (2031F): USD 9 billion
Global Market Growth Rate (CAGR 2024 to 2031): 8.1%

Sports Medicine Market - Report Scope:

Sports medicine focuses on preventing, diagnosing, treating, and rehabilitating sports-related injuries. It encompasses a range of products and services designed to support athletes and fitness enthusiasts in maintaining optimal physical condition. The market includes orthopedic devices, rehabilitation equipment, and physical therapy tools, all aimed at enhancing recovery and performance.

Key Highlights of the Market:

1. Regenerative Approaches: Regenerative medicine techniques are gaining traction in sports medicine, offering advanced treatments to enhance recovery and performance.

2. Emerging Market Opportunities: Growing economies and increased healthcare spending in emerging markets are creating new opportunities for sports medicine services.

3. Dominance of Knee Applications: The knee application segment leads the market due to the high incidence of knee injuries, advancements in technology, and increasing participation in sports and physical activities.

4. North America's Market Leadership: North America is anticipated to hold the largest market share due to its advanced healthcare infrastructure, high healthcare spending, technological innovations, strong sports culture, and aging population.

Market Growth Drivers:

1. Rising Incidences of Sports Injuries: The increase in sports and physical activities leads to a higher number of injuries, driving demand for sports medicine products and services. In the U.S. alone, over 3.5 million sports-related injuries are reported annually.

2. Growing Participation in Sports and Fitness: Increased participation in various sports and fitness activities results in more injuries and joint pain, boosting the need for effective sports medicine solutions.

3. Shift from Reactive to Preventive Care: There is a growing trend toward preventive care as individuals and athletes seek to avoid injuries before they occur. This shift is fueling demand for preventive sports medicine products and services.

Market Restraints:

1. High Costs: The cost of advanced sports medicine treatments and technologies may be a barrier to widespread adoption, especially in price-sensitive regions.

2. Lack of Awareness: Limited awareness about sports medicine products and their benefits may hinder market growth, particularly in emerging markets.

Market Opportunities:

1. Technological Advancements: Continued innovation in sports medicine technologies presents opportunities for growth, offering more effective and efficient solutions for injury treatment and prevention.

2. Expanding Market Reach: Increasing awareness and healthcare spending in emerging markets provide new avenues for sports medicine companies to expand their reach.

Key Questions Answered in the Report:

1. What are the current and projected market sizes for sports medicine?

2. What are the primary drivers and restraints affecting the sports medicine market?

3. How is the market segmented by application, region, and type of product?

4. What are the emerging trends and opportunities in the sports medicine market?

Competitive Intelligence and Business Strategy:

The sports medicine market is competitive, with numerous players focusing on innovation and technological advancements. Companies are adopting strategies such as mergers and acquisitions, partnerships, and new product development to strengthen their market position and expand their product offerings. Key players are investing in research and development to create advanced solutions that cater to the evolving needs of athletes and fitness enthusiasts.

Key Companies Profiled:

Smith+Nephew
Stryker
Zimmer Biomet
Arthrex, Inc.
Enovis (DJO, LLC)
DePuy Synthes (Johnson & Johnson)
CONMED Corporation
Mueller Sports Medicine, Inc.
Breg, Inc.
Performance Health
Bauerfeind
Karl Storz SE & Co. KG

Sports Medicine Industry Research Segmentation

By Product

Body Reconstruction & Repair
Body Support & Recovery
Body Monitoring & Evaluation
Accessories

By Application

Knees
Shoulders
Ankle & Foot
Back & Spine
Elbow & Wrist
Hips
Others

By End User

Hospitals
Ambulatory Surgical Centers
Specialty/Orthopedic Clinics
Physiotherapy Centers
Trauma Centers
Others

By Region

North America
Europe
Asia Pacific
Latin America
The Middle East and Africa

Product Code: PMRREP12736

1. Executive Summary

1.1. Global Sports Medicine Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Industry Developments and Key Market Events
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Sports Medicine Market: Value Chain
- 2.3.1. List of key players
- 2.3.2. List of key distributors
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter Five Force's Analysis

3. Key Regulations/ Standards

4. Price Trend Analysis, 2019-2031

4.1. Key Factors Impacting Prices
4.2. Prices by Source

5. Global Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Market Size (US$ Bn) Analysis and Forecast
- 5.1.1. Historical Market Size Analysis, 2019-2023
- 5.1.2. Current Market Size Forecast, 2023-2031
5.2. Global Sports Medicine Market Outlook: Product Type
- 5.2.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 5.2.2.1. Body Reconstruction & Repair
    - 5.2.2.1.1. Surgical Equipment
    - 5.2.2.1.2. Soft Tissue Repair
    - 5.2.2.1.3. Bone Reconstruction Devices
  - 5.2.2.2. Body Support & Recovery
    - 5.2.2.2.1. Braces and Other Support Devices
    - 5.2.2.2.2. Compression Clothing
    - 5.2.2.2.3. Hot & Cold Therapy
  - 5.2.2.3. Body Monitoring & Evaluation
    - 5.2.2.3.1. Cardiac
    - 5.2.2.3.2. Respiratory
    - 5.2.2.3.3. Hemodynamic
    - 5.2.2.3.4. Musculoskeletal
    - 5.2.2.3.5. Others
  - 5.2.2.4. Accessories
    - 5.2.2.4.1. Bandages
    - 5.2.2.4.2. Tapes
    - 5.2.2.4.3. Disinfectants
    - 5.2.2.4.4. Wraps
    - 5.2.2.4.5. Other
- 5.2.3. Market Attractiveness Analysis: Product Type
5.3. Global Sports Medicine Market Outlook: Application
- 5.3.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 5.3.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 5.3.3. Market Attractiveness Analysis: Application
5.4. Global Sports Medicine Market Outlook: End-user
- 5.4.1. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 5.4.2. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 5.4.3. Others Market Attractiveness Analysis: End-user

6. Global Sports Medicine Market Outlook: Region

6.1. Historical Market Size (US$ Bn) Analysis By Region, 2019-2023
6.2. Current Market Size (US$ Bn) Forecast By Region, 2024-2031
- 6.2.1. North America
- 6.2.2. Europe
- 6.2.3. East Asia
- 6.2.4. South Asia and Oceania
- 6.2.5. Latin America
- 6.2.6. Middle East & Africa
6.3. Market Attractiveness Analysis: Region

7. North America Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 7.1.1. By Country
- 7.1.2. By Product Type
- 7.1.3. By Application
- 7.1.4. By End-user
7.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 7.2.1. U.S.
- 7.2.2. Canada
7.3. North America Sports Medicine Market Outlook: Product Type
- 7.3.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 7.3.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 7.3.2.1. Body Reconstruction & Repair
    - 7.3.2.1.1. Surgical Equipment
    - 7.3.2.1.2. Soft Tissue Repair
    - 7.3.2.1.3. Bone Reconstruction Devices
  - 7.3.2.2. Body Support & Recovery
    - 7.3.2.2.1. Braces and Other Support Devices
    - 7.3.2.2.2. Compression Clothing
    - 7.3.2.2.3. Hot & Cold Therapy
  - 7.3.2.3. Body Monitoring & Evaluation
    - 7.3.2.3.1. Cardiac
    - 7.3.2.3.2. Respiratory
    - 7.3.2.3.3. Hemodynamic
    - 7.3.2.3.4. Musculoskeletal
    - 7.3.2.3.5. Others
  - 7.3.2.4. Accessories
    - 7.3.2.4.1. Bandages
    - 7.3.2.4.2. Tapes
    - 7.3.2.4.3. Disinfectants
    - 7.3.2.4.4. Wraps
    - 7.3.2.4.5. Other
- 7.3.3. Market Attractiveness Analysis: Product Type
7.4. North America Sports Medicine Market Outlook: Application
- 7.4.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 7.4.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 7.4.3. Market Attractiveness Analysis: Application
7.5. North America Sports Medicine Market Outlook: End-user
- 7.5.1. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 7.5.2. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 7.5.3. Others Market Attractiveness Analysis: End-user
7.6. Market Attractiveness Analysis

8. Europe Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 8.1.1. By Country
- 8.1.2. By Product Type
- 8.1.3. By Application
- 8.1.4. By End-user
8.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 8.2.1. Germany
- 8.2.2. France
- 8.2.3. U.K.
- 8.2.4. Italy
- 8.2.5. Spain
- 8.2.6. Russia
8.3. Europe Sports Medicine Market Outlook: Product Type
- 8.3.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 8.3.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 8.3.2.1. Body Reconstruction & Repair
    - 8.3.2.1.1. Surgical Equipment
    - 8.3.2.1.2. Soft Tissue Repair
    - 8.3.2.1.3. Bone Reconstruction Devices
  - 8.3.2.2. Body Support & Recovery
    - 8.3.2.2.1. Braces and Other Support Devices
    - 8.3.2.2.2. Compression Clothing
    - 8.3.2.2.3. Hot & Cold Therapy
  - 8.3.2.3. Body Monitoring & Evaluation
    - 8.3.2.3.1. Cardiac
    - 8.3.2.3.2. Respiratory
    - 8.3.2.3.3. Hemodynamic
    - 8.3.2.3.4. Musculoskeletal
    - 8.3.2.3.5. Others
  - 8.3.2.4. Accessories
    - 8.3.2.4.1. Bandages
    - 8.3.2.4.2. Tapes
    - 8.3.2.4.3. Disinfectants
    - 8.3.2.4.4. Wraps
    - 8.3.2.4.5. Other
- 8.3.3. Market Attractiveness Analysis: Product Type
8.4. Europe Sports Medicine Market Outlook: Application
- 8.4.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 8.4.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 8.4.3. Market Attractiveness Analysis: Application
8.5. Europe Sports Medicine Market Outlook: End-user
- 8.5.1. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 8.5.2. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 8.5.3. Others Market Attractiveness Analysis: End-user
8.6. Market Attractiveness Analysis

9. East Asia Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 9.1.1. By Country
- 9.1.2. By Product Type
- 9.1.3. By Application
- 9.1.4. By End-user
9.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 9.2.1. China
- 9.2.2. Japan
- 9.2.3. South Korea
9.3. East Asia Sports Medicine Market Outlook: Product Type
- 9.3.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 9.3.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 9.3.2.1. Body Reconstruction & Repair
    - 9.3.2.1.1. Surgical Equipment
    - 9.3.2.1.2. Soft Tissue Repair
    - 9.3.2.1.3. Bone Reconstruction Devices
  - 9.3.2.2. Body Support & Recovery
    - 9.3.2.2.1. Braces and Other Support Devices
    - 9.3.2.2.2. Compression Clothing
    - 9.3.2.2.3. Hot & Cold Therapy
  - 9.3.2.3. Body Monitoring & Evaluation
    - 9.3.2.3.1. Cardiac
    - 9.3.2.3.2. Respiratory
    - 9.3.2.3.3. Hemodynamic
    - 9.3.2.3.4. Musculoskeletal
    - 9.3.2.3.5. Others
  - 9.3.2.4. Accessories
    - 9.3.2.4.1. Bandages
    - 9.3.2.4.2. Tapes
    - 9.3.2.4.3. Disinfectants
    - 9.3.2.4.4. Wraps
    - 9.3.2.4.5. Other
- 9.3.3. Market Attractiveness Analysis: Product Type
9.4. East Asia Sports Medicine Market Outlook: Application
- 9.4.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 9.4.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 9.4.3. Market Attractiveness Analysis: Application
9.5 East Asia Sports Medicine Market Outlook: End-user
- 9.4.4. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 9.4.5. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 9.4.6. Others Market Attractiveness Analysis: End-user
9.5. Market Attractiveness Analysis

10. South Asia & Oceania Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 10.1.1. By Country
- 10.1.2. By Product Type
- 10.1.3. By Application
- 10.1.4. By End-user
10.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 10.2.1. India
- 10.2.2. Southeast Asia
- 10.2.3. ANZ
- 10.2.4. Rest of South Asia & Oceania
10.3. South Asia & Oceania Sports Medicine Market Outlook: Product Type
- 10.3.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 10.3.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 10.3.2.1. Body Reconstruction & Repair
    - 10.3.2.1.1. Surgical Equipment
    - 10.3.2.1.2. Soft Tissue Repair
    - 10.3.2.1.3. Bone Reconstruction Devices
  - 10.3.2.2. Body Support & Recovery
    - 10.3.2.2.1. Braces and Other Support Devices
    - 10.3.2.2.2. Compression Clothing
    - 10.3.2.2.3. Hot & Cold Therapy
  - 10.3.2.3. Body Monitoring & Evaluation
    - 10.3.2.3.1. Cardiac
    - 10.3.2.3.2. Respiratory
    - 10.3.2.3.3. Hemodynamic
    - 10.3.2.3.4. Musculoskeletal
    - 10.3.2.3.5. Others
  - 10.3.2.4. Accessories
    - 10.3.2.4.1. Bandages
    - 10.3.2.4.2. Tapes
    - 10.3.2.4.3. Disinfectants
    - 10.3.2.4.4. Wraps
    - 10.3.2.4.5. Other
- 10.3.3. Market Attractiveness Analysis: Product Type
10.4. South Asia & Oceania Sports Medicine Market Outlook: Application
- 10.4.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 10.4.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 10.4.3. Market Attractiveness Analysis: Application
10.5. South Asia & Oceania Sports Medicine Market Outlook: End-user
- 10.5.1. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 10.5.2. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 10.5.3. Others Market Attractiveness Analysis: End-user
10.6. Market Attractiveness Analysis

11. Latin America Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 11.1.1. By Country
- 11.1.2. By Product Type
- 11.1.3. By Application
- 11.1.4. By End-user
11.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 11.2.1. Brazil
- 11.2.2. Mexico
11.3. Latin America Sports Medicine Market Outlook: Product Type
- 11.3.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 11.3.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 11.3.2.1. Body Reconstruction & Repair
    - 11.3.2.1.1. Surgical Equipment
    - 11.3.2.1.2. Soft Tissue Repair
    - 11.3.2.1.3. Bone Reconstruction Devices
  - 11.3.2.2. Body Support & Recovery
    - 11.3.2.2.1. Braces and Other Support Devices
    - 11.3.2.2.2. Compression Clothing
    - 11.3.2.2.3. Hot & Cold Therapy
  - 11.3.2.3. Body Monitoring & Evaluation
    - 11.3.2.3.1. Cardiac
    - 11.3.2.3.2. Respiratory
    - 11.3.2.3.3. Hemodynamic
    - 11.3.2.3.4. Musculoskeletal
    - 11.3.2.3.5. Others
  - 11.3.2.4. Accessories
    - 11.3.2.4.1. Bandages
    - 11.3.2.4.2. Tapes
    - 11.3.2.4.3. Disinfectants
    - 11.3.2.4.4. Wraps
    - 11.3.2.4.5. Other
- 11.3.3. Market Attractiveness Analysis: Product Type
11.4. Latin America Sports Medicine Market Outlook: Application
- 11.4.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 11.4.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 11.4.3. Market Attractiveness Analysis: Application
11.5. Latin America Sports Medicine Market Outlook: End-user
- 11.5.1. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 11.5.2. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 11.5.3. Others Market Attractiveness Analysis: End-user
11.6. Market Attractiveness Analysis

12. Middle East & Africa Sports Medicine Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 12.1.1. By Country
- 12.1.2. By Product Type
- 12.1.3. By Application
- 12.1.4. By End-user
12.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 12.2.1. GCC
- 12.2.2. South Africa
- 12.2.3. Northern Africa
12.3. Middle East & Africa Sports Medicine Market Outlook: Product Type
- 12.3.1. Historical Market Size (US$ Bn) Analysis By Product Type, 2019-2023
- 12.3.2. Current Market Size (US$ Bn) Forecast By Product Type, 2024-2031
  - 12.3.2.1. Body Reconstruction & Repair
    - 12.3.2.1.1. Surgical Equipment
    - 12.3.2.1.2. Soft Tissue Repair
    - 12.3.2.1.3. Bone Reconstruction Devices
  - 12.3.2.2. Body Support & Recovery
    - 12.3.2.2.1. Braces and Other Support Devices
    - 12.3.2.2.2. Compression Clothing
    - 12.3.2.2.3. Hot & Cold Therapy
  - 12.3.2.3. Body Monitoring & Evaluation
    - 12.3.2.3.1. Cardiac
    - 12.3.2.3.2. Respiratory
    - 12.3.2.3.3. Hemodynamic
    - 12.3.2.3.4. Musculoskeletal
    - 12.3.2.3.5. Others
  - 12.3.2.4. Accessories
    - 12.3.2.4.1. Bandages
    - 12.3.2.4.2. Tapes
    - 12.3.2.4.3. Disinfectants
    - 12.3.2.4.4. Wraps
    - 12.3.2.4.5. Other
- 12.3.3. Market Attractiveness Analysis: Product Type
12.4. Middle East & Africa Sports Medicine Market Outlook: Application
- 12.4.1. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 12.4.2. Current Market Size (US$ Bn) Forecast By Application, 2024-2031
- 12.4.3. Market Attractiveness Analysis: Application
12.5. Middle East & Africa Sports Medicine Market Outlook: End-user
- 12.5.1. Historical Market Size (US$ Bn) Analysis By End-user, 2019-2023
- 12.5.2. Current Market Size (US$ Bn) Forecast By End-user, 2024-2031
- 12.5.3. Others Market Attractiveness Analysis: End-user
12.6. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Tier Structure Analysis
- 13.2.4. Regional Presence Analysis
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Smith+Nephew
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Stryker
- 13.3.3. Zimmer Biomet
- 13.3.4. Arthex, Inc.
- 13.3.5. Enovis (DJO,LLC)
- 13.3.6. DePuy Synthes (Johnson & Johnson)
- 13.3.7. Conmed Corportaion
- 13.3.8. Mueller Sports Medicne, Inc.
- 13.3.9. Breg, Inc.
- 13.3.10. Performance Health
- 13.3.11. Bauerfeind
- 13.3.12. Karl Storz SE & Co. KG

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations