Global Sports Medicine Market to Grow at 5.77% During 2023-2028, Propelled by Growing Health Consciousness

September 12, 2019

According to the latest report by IMARC Group, titled "Sports Medicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global sports medicine market size reached US$ 6.1 Billion in 2022. Sports medicine refers to an area of medical practice that assists individuals to improve their overall athletic performance. It aids in preventing, diagnosing as well as treating sports-related injuries, such as sprains, strains, fractures, concussions, dislocation and exercise-induced asthma. Apart from this, it is also widely used to treat chronic overuse injuries, which include tendonitis, degenerative diseases and overtraining syndrome. Sports medicine doctors aid professional athletes and sports enthusiasts in achieving their training goals by offering advice on proper exercises, nutrition and supplements. Sports doctors who are certified in pediatrics or family medicine can also assist children and teenagers by helping them in exercising safely and avoiding acute trauma.

Global Sports Medicine Market Trends:

The global sports medicine market is primarily driven by increasing participation in sports and related activities. In line with this, growing awareness regarding the adverse effects associated with a lack of physical activities has led a majority of the population to adopt a physically active lifestyle. An increasing number of individuals are participating in sports events and physical activities, which is creating a positive outlook for the market. Also, rising incidences of sports-related injuries are acting as another major growth-inducing factor. This is further facilitated by numerous government initiatives to upgrade the sports healthcare infrastructure. Moreover, individuals across the globe are now opting for sports as a career, which is providing a thrust to the market growth. This can be attributed to the presence of numerous opportunities in the field of sports, in terms of scholarships and corporate funding, along with a successful professional career. The increasing organization of marathons for spreading awareness regarding social causes, the growing preference among sports enthusiasts and athletes for minimally invasive procedures and growing popularity of wearable devices that monitor the physical health of the professionals are some of the other factors influencing the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 8.5 Billion by 2028, growing at a CAGR of 5.77% during 2023-2028.

Market Summary:

  • On the basis of the product, the market has been classified into body reconstruction (fracture & ligament repair products, arthroscopy devices, implants, orthobiologics and prosthetics) body support and recovery (braces & supports and physiotherapy), body monitoring and evaluation (cardiac monitoring, respiratory monitoring, hemodynamic monitoring, musculoskeletal monitoring), compression clothing, and accessories (bandages, disinfectants, tapes and others). At present, body reconstruction represents the largest segment in the market.
  • On the basis of the application, knee injuries exhibit a clear dominance in the market. Other major segments are shoulder injuries, foot and ankle injuries, hip and groin injuries, elbow and wrist injuries, back and spine injuries and others.
  • Based on the end user, the market has been divided into hospitals, orthopedic specialty clinics, fitness and training centers, ambulatory surgical centers (ASCs) and others. Currently, hospitals account for the majority of the overall market share. 
  • On the geographical front, North America holds the leading position in the market. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been analyzed with the detailed profiles of the key players operating in the market. Some of these players include Arthrex, Smith & Nephew PLC, Medtronic PLC, Wright Medical Group, Bioventus LLC, Stryker Corporation, Mueller Sports Medicine, RTI Surgical Holdings, Breg, Conmed Corporation, Performance Health International Limited, Bauerfeind AG, KARL STORZ Gmbh & Co. KG, and Zimmer Biomet Holdings.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

Tel no: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Global Sports Medicine Market to Grow at 5.77% During 2023-2028, Propelled by Growing Health Consciousness
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More