Sports Medicine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Sports medicine is the branch of healthcare that acts as a bridge between science, exercise, and health. It catalyzes scientific assessment, study and enhances people's athletic performance. It involves combined efforts of athletic trainers, physicians, therapists, and sports scientists to collaborate and provide the medical care for athletic injuries and illnesses. Its products help people recover from injuries and prevent further injuries.

MARKET SCOPE

The "Global Sports Medicine Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sports medicine market with detailed market segmentation by product type, application, end user, and geography. The report provides key statistics on the market status of the leading sports medicine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on product type, the global sports medicine market is segmented into body reconstruction products, body support and recovery products, body monitoring & evaluation and accessories .
  
•  On the basis of application, the market is bifurcated into knee injuries, shoulder injuries,foot and ankle injuries, elbow and wrist injuries, back and spine injuries and other injuries.
  
•  On the basis of end-users, the market is bifurcated into hospitals, ambulatory surgery centres and physiotherapy centres and clinics.
  

MARKET DYNAMICS
Drivers

•  The increasing burden of sports injuries, primarily due to the growing participation in sports and fitness activities, drives the sports medicine market.
  
•  Continuous innovation of new products & treatment modalities, demand for injury management and rehabilitation are expected to fuel the market growth.
  
•  Developments in the field of regenerative medicine propel the market growth.
  
•  Rising demand for minimally invasive surgeries boosts the market growth.
  

Restraints

•  High cost of orthopedic implants.
  
•  Lack of healthcare infrastructure in under-developed countries.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sports medicine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sports medicine market in these regions.

IMPACT OF COVID-19 ON SPORTS MEDICINE MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The outbreak of COVID-19 has a significant impact on the global sports medicine market. Various tournaments have been postponed owing to the lockdown like, the International Olympic Committee postponed the 2021 Tokyo Olympics and Paralympic to 2021, which has led to fewer sports injuries, thereby a decline in demand for sports medicine. In addition, many orthopedic surgeries were canceled. Therefore, the expansion of the market has a short-term negative impact due to the pandemic. However, the market is likely to stabilize in the future at a steady pace, as the sports activities will upsurge.

Sports Medicine Market Report Analysis

Sports Medicine Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Arthrex, Inc
• Wright Medical Group N.V.
• Medtronic PLC
• Smith and Nephew plc
• Stryker Corporation
• Zimmer Biomet
• Breg Inc.
• DJO Global, Inc.
• Mueller Sports, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Body Reconstruction Products
• Body Support and Recovery Products
• Body Monitoring and Evaluation
• Accessories

By Application

• Knee Injuries
• Shoulder Injuries
• Foot and Ankle Injuries
• Elbow and Wrist Injuries
• Back and Spine Injuries
• Other Injuries

By End User

• Hospitals
• Ambulatory Surgery Centres
• Physiotherapy Centres and Clinics

MARKET PLAYERS

The report covers key developments in the sports medicine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from sports medicine market are anticipated to have lucrative growth opportunities in the future with the rising demand for sports medicine in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sports medicine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Arthrex, Inc
  
•  Wright Medical Group N.V.
  
•  Medtronic PLC
  
•  Smith & Nephew plc
  
•  Stryker Corporation
  
•  Zimmer Biomet
  
•  Breg Inc.
  
•  DJO Global, Inc.
  
•  Mueller Sports, Inc.
  
•  MedScape
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Sports Medicine Market Report Scope