The global sports medicine market reached a value of US$ 5.8 Billion in 2021. Sports medicine refers to a branch of medicine concerned with the diagnosis, treatment, and prevention of sports and exercise-related injuries. It assists individuals in improving their overall athletic performance and achieving their training goals with proper exercise, nutrition, and supplements. It is widely used to treat acute traumas, such as strains, sprains, fractures, concussions, and dislocations, along with chronic overuse injuries, including tendonitis, degenerative diseases, and overtraining syndrome.
As per the analysis by IMARC Group, the top companies in the sports medicine industry are focusing on launching new products and innovative treatment modalities. They are making heavy investments in developing and commercializing minimally invasive (MI) technologies for sports medicine and orthopedic surgical procedures to meet the escalating demand for MI procedures. In addition, the leading manufacturers are constantly upgrading their products to attract new customers and expand their product portfolio to strengthen their market position in all major countries. Besides this, the increasing public and private funding for targeted research are offering lucrative opportunities to market players. Furthermore, the rising number of product approvals, recent innovations in implants, and technological advancements are some of the other factors anticipated to create a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 8.1 Billion by 2027, growing at a CAGR of 5.7% during 2022-2027.
Request Free Sample Report: https://www.imarcgroup.com/sports-medicine-market/requestsample
Largest Sports Medicine Companies and Brands Across the World:
Headquarters: Florida, United States
Arthrex GmbH is a leading global medical device company specializing in new product development and medical education in orthopedics. The company has pioneered the field of arthroscopy and sports medicine. It develops over 1,000 innovative products and surgical procedures every year to advance minimally invasive orthopedics across the globe. Besides this, it is also making breakthroughs in the treatment of arthritis and leading the way in orthobiologics and arthroplasty. Arthrex has several subsidiaries and distribution centers across the Asia Pacific, Europe, the Middle East, Africa, and Latin America.
Smith & Nephew PLC
Headquarters: Hertfordshire, United Kingdom
Smith & Nephew PLC is a leading medical technology company specializing in orthopedics, sports medicine, ENT, and advanced wound management. It offers a wide range of products, including sports medicine, orthopedic reconstruction, trauma and extremities, wound management, robotics, digital surgery, and ear, nose, and throat (ENT). Its sports medicine portfolio comprises products and technology for hip, knee, and shoulder repair, extremities, patient positioning, resection, access and fluid management, and visualization. Moreover, the company currently operates across the Americas, Asia, Africa, Europe, the Middle East, Australia, and New Zealand.
Headquarters: Dublin, Ireland
Medtronic PLC is a global medical technology leader that develops, manufactures, distributes, and sells a wide range of therapeutic and diagnostic medical products. The company primarily operates through four segments, namely Cardiac and Vascular Group (CVG), Minimally Invasive Technologies Group (MITG), Restorative Therapies Group (RTG), and Diabetes Group. The CVG segment comprises Cardiac Rhythm and Heart Failure (CRHF), Coronary and Structural Heart, and Aortic and Peripheral Vascular divisions. The MITG segment includes Surgical Innovations and Respiratory, Gastrointestinal, and Renal divisions. The RTG segment consists of spine, brain, specialty therapies, and pain therapies divisions. The Diabetes Group segment focuses on developing, manufacturing, and marketing products and services for managing Type I and Type II diabetes. With over 90,000 employees, the company has operations in more than 150 countries across the globe.
Headquarters: North Carolina, United States
Bioventus LLC is a global leader in innovations for active healing and surgical orthobiologics. It mainly focuses its medical product development around three segments, including pain treatments, restorative therapies, and surgical solutions. The company’s extensive product portfolio comprises clinically proven and cost-effective solutions for patients, physicians, and payers. With more than 1200 employees across the globe, Bioventus has operations in around 50 countries.
Stryker Corporation (Wright Medical Group)
Headquarters: Michigan, United States
Stryker Corporation is an American multinational medical technology company specializing in medical devices and equipment manufacturing. It offers a wide range of innovative products and services in orthopedics, medical and surgical, neurotechnology, and spine. Its diversified product portfolio comprises sports medicine, orthopedic instruments, surgical technologies, craniomaxillofacial, emergency care, joint replacement, acute care, endoscopy, and spine enabling technologies. In 2020, Stryker Corporation acquired Wright Medical Group N.V., a leading medical device company focused on extremities and biologics, to strengthen its global market position in trauma and extremities. The company has operations in over 75 countries and employs more than 46,000 people worldwide.
Mueller Sports Medicine, Inc.
Headquarters: Wisconsin, United States
Mueller Sports Medicine, Inc. is a family-owned business primarily engaged in designing, manufacturing, and distributing the highest quality sports medicine products. It offers a wide range of products, including braces and supports, mouthguards, tapes and wraps, athletic training kits, recovery devices, and sports accessories. The company sells its products in over 100 countries worldwide through a network of distributor partners.
Surgalign Holdings, Inc.
Headquarter: Illinois, United States
Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., is a leading global medical technology company focused on advancing spine surgery and elevating patient outcomes. It offers a range of innovative spine solutions, such as cervical plate system, joint fusion system, spinal fixation system, disc prep set, bone graft putty, demineralized bone fibers, bone graft substitute, and stabilization device. The company markets its products in the United States and in more than 50 countries across the world.
Headquarters: California, United States
Breg, Inc., a Water Street Healthcare Partners LLC company, is a leading sports medicine company specializing in bracing and cold therapy. It is the second largest US provider of orthopedic bracing that offers premium quality sports medicine and rehabilitation products and services that elevate orthopedic patient care. Its extensive product portfolio includes cold therapy, orthopedic solutions, and knee, shoulder, spine, elbow, wrist, foot, and ankle bracing. The company sells its products through a network of over 100 distributors in more than 59 countries.
Headquarters: Florida, United States
CONMED Corporation specializes in the development and sale of surgical and patient monitoring products and services. The company focuses on delivering an extensive range of innovative and high-quality operating room solutions to meet evolving surgical and medical product needs. It has a diversified product portfolio consisting of allograft cartilage and tissue, biomedical sensors and electrodes, dilators, electrosurgical units (ESUs), implants and suture anchors, infection prevention, resection, and fluid management, and ablation, surgical power tools, and patient positioning solutions. CONMED employs more than 3500 people worldwide and has operations across North America, Europe, Australia, Latin America, Asia, and the Middle East.
Performance Health Holding, Inc.
Headquarter: Illinois, United States
Performance Health Holding, Inc. is a global leader in consumer healthcare. It is now the largest specialty manufacturer and distributor of branded products and solutions for rehabilitation, recovery, and sports medicine in the world. It sells its products to leading healthcare facilities and practitioners, including physical therapists, athletic trainers, and chiropractors, and directly to consumers. The company markets and sells its products in over 100 countries under several brand names, such as:
- Sammons Preston
Headquarters: Thuringia, Germany
Bauerfeind AG is a German medical equipment company that develops and manufactures medical and surgical products. It offers high-quality supports, orthoses, medical compression stockings, insoles, inserts, and orthopedic orthoses. The company currently employs more than 2000 people and caters its products worldwide.
KARL STORZ SE & Co. KG
Headquarters: Tuttlingen, Germany
KARL STORZ SE & Co. KG is a leading global manufacturer and distributor of medical instruments, devices, and endoscopes. The company’s range of endoscopic instruments for human medicine, veterinary medicine, and industrial endoscopy consists of more than 15,000 products. It manufactures and offers innovative products for spine surgery, arthroscopy and sports medicine, neurosurgery, oral and maxillofacial surgery, and pediatrics. Currently, the company has operations in more than 40 countries across the globe, including the Americas, Europe, Asia, Africa, the Middle East, and Oceania.
Zimmer Biomet Holdings, Inc.
Headquarters: Warsaw, Poland
Zimmer Biomet Holdings, Inc. is a global leader in medical technology. It designs, manufactures, and markets innovative solutions that enable orthopedic surgeons and clinicians to restore mobility, alleviate pain, and improve the quality of life for patients. The company specializes in sports medicine, restorative therapies, biologics, CMF, patient-matched implants, trauma, surgical and knee, hip, shoulder, and elbow replacement products. With operations in more than 25 countries, Zimmer Biomet sells its products in more than 100 countries across the globe.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects in the global sports medicine industry and the regional Asia Pacific, Europe, and The United States, which has enabled clients to set up and expand their businesses successfully.
Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development