The global sports medicine market was valued at USD 6.26 billion in 2018 and is expected to grow at a CAGR of 5.8%, reaching USD 13.86 billion by 2032. In 2018, North America led the market, accounting for 41.53% of the global share.The rising incidence of sports injuries in both developed and developing countries is expected to drive global market growth from 2019 to 2026.
According to data from the National Safety Council (NSC), exercise and the use of exercise equipment in the U.S. resulted in approximately 526,000 injuries in 2017. The rising adoption of athletic careers, coupled with an increasing emphasis on healthy lifestyles, is expected to drive demand for sports medicine, positively impacting the industry. Additionally, the growing prevalence of chronic conditions such as cardiovascular diseases and obesity is encouraging greater participation in physical activities. According to the U.S. Centers for Disease Control and Prevention (CDC), over 30 million children and teenagers in the U.S. participate in organized sports, with one-third experiencing sports-related injuries. Market expansion is further supported by advancements in reconstruction and surgical devices, as well as the increasing demand for minimally invasive procedures in both developed and developing regions.
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Market Segmentation:
By Type: The global sports medicine market is categorized into surgery devices, bone reconstruction devices, body support devices, and others. The body reconstruction devices segment is expected to witness significant growth, driven by technological advancements in implants and the increasing use of arthroscopy, ligament repair products, and fracture treatment solutions. For instance, an estimated 120,000 to 200,000 anterior cruciate ligament (ACL) reconstructions are performed annually in the U.S., highlighting the growing need for effective treatment options.
By Application: The sports medicine market is further segmented into knees, head & neck, shoulder, ankle & foot, wrist & elbow, and others. The knee segment accounted for the largest market share in 2018 and is anticipated to grow at a notable CAGR during the forecast period, fueled by the increasing incidence of knee injuries and the growing preference for minimally invasive surgical procedures. The ankle & foot segment is projected to expand rapidly from 2019 to 2026 due to the rising participation in sports and physical activities, which has led to a higher occurrence of foot and ankle injuries. This growing injury rate is driving the demand for sports medicine solutions in both developed and emerging markets. According to the American College of Foot and Ankle Surgeons (ACFAS), ankle sprains constitute 10% of all injuries reported in emergency departments, further underscoring the need for advanced treatment options.
Major Players Profiled in the Sports Medicine Market Report:
· Arthrex, Inc.
· Smith & Nephew
· Stryker
· CONMED Corporation
· Zimmer Biomet
· Johnson & Johnson Services, Inc.
· KARL STORZ SE & Co. KG
· Other players
Market Drivers
Sports injuries such as spondylolysis, fractures, strains, and sprains are prevalent among athletes across all age groups. According to Stanford Children's Health, approximately 30 million children and teenagers in the U.S. participate in organized sports, with one-third of all childhood injuries being sports-related. The CDC reported in 2016 that 8.6 million sports and recreation-related injuries occur annually, primarily affecting the lower and upper extremities, head, and neck. Similarly, in Europe, the EU IDB catalog states that 4.5 million individuals aged 15 and older receive hospital treatment for sports injuries each year, with team ball sports accounting for 40% of these cases. Data from Youth Sports Injury Statistics (2016) further highlights that 40% of hospital-treated sports injuries involve children between the ages of 5 and 14. The increasing participation in athletics and physical activities in both developed and developing nations is a key factor driving the prevalence of sports injuries, which in turn is fueling the demand for sports medicine. The inclusion of new sports in international competitions, such as the Olympics, has further encouraged participation in athletic activities. For instance, kitesurfing made its debut in the 2016 Rio Olympics, while Tokyo 2020 introduced skateboarding, surfing, baseball/softball, sport climbing, and karate, significantly increasing interest in sports and the need for sports medicine. Additionally, the allure of professional sports careers—offering celebrity status, lucrative earnings, endorsements, and access to premium healthcare—has motivated more youth to pursue athletics. Enhanced sports infrastructure, corporate sponsorships, and scholarship programs are also contributing to the expansion of the sports industry. As athlete participation continues to rise, so does the demand for sports medicine solutions to treat and prevent injuries.
Regional Analysis:
In 2018, North America led the sports medicine market, generating USD 2.60 billion in revenue. The region is expected to experience steady growth due to the increasing number of orthopedic centers, rising sports participation rates, and advancements in sports medicine technology. Europe follows closely, with a strong presence in the market driven by ongoing investments in medical research and athlete rehabilitation. The Asia-Pacific region is projected to witness the highest CAGR, driven by the growing demand for sports medicine in countries such as China, India, and Japan. Organizations like the Asia-Pacific Knee, Arthroscopy, and Sports Medicine Society (APKASS) conduct annual conferences to advance medical knowledge, further accelerating the adoption of sports medicine across the region. Additionally, the Middle East, Africa, and Latin America are expected to experience significant market growth from 2019 to 2026. This growth is primarily fueled by the increasing popularity of sports, particularly in Brazil, where government initiatives and sports development programs are further contributing to the expansion of the sports medicine market.
Industry Development:
June 2021 – Smith & Nephew introduced the iIntellio Connected Tower Platform, designed to integrate and control sports medicine systems. This platform features a remote control, an optimized on-screen display for surgeon workflow, and a cloud-based image management portal.
March 2021 – The American Orthopaedic Society for Sports Medicine (AOSSM) launched the Video Journal of Sports Medicine (VJSM), an open-access, video-based teaching and learning platform. Developed with a focus on digital learning, VJSM aims to share best practices in sports medicine for the treatment of athletes and active individuals.