Sports medicine market is anticipated to grow at a significant CAGR of 7.2% during the forecast period (2024-2031). The market growth is attributed to the gradual transition from proactive to preventive care regarding sports injuries. The increased number of people participating in sports and fitness-related activities has created a huge demand for sports medicine as a preventive care approach.
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According to the International Journal of Innovative Research in Medical Science, acute injuries were more commonly found in team sports, while overuse injuries were presented in individual sports. Another study observed that training was responsible for 83.0% of the injuries, technique (46.0%), equipment (37.0%), and nutrition (30.0%). Intervention strategies proved to help prevent injuries. This included psychological and behavioral interventions (97.0%) and nutritional changes (50.0%).
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by Product (Reconstruction and Repair Products, Support and Recovery Products, and Accessories), and
by Application (Back & Spine Injuries, Elbow & Wrist Injuries, Hip & Groin Injuries, Knee Injuries, Shoulder Injuries, and Others)
Market Players Outlook
The major companies serving the global sports medicine market include CONMED Corp., Johnson & Johnson Inc. (DePuy Synthes), Medtronic PLC, RTI Surgical, Inc., and Stryker Corp. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Development
In May 2023, Banner Health opened Banner Sports Medicine Scottsdale, a comprehensive destination for sports-centered clinical services and performance-boosting programs. The center offers access to quality sports medicine services and professional performance analytics under one roof for injury prevention, repair, and recovery, as well as technical analysis and custom programs.
The Report Covers
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the sports medicine market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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