Global Sports Medicine Market- Industry Trends &
Forecast Report 2027
The global sports medicine market was worth USD 5.19
billion in 2020 and is further projected to reach USD 8.20 billion by the year
2020, growing at the CAGR of 6.7% in the forecast period (2021-2027). The
global sports medicine market is growing due to an increase in the number of
sports injuries, advances in regenerative medicine, and a continuous influx of
technologically advanced products and diagnostic methods. Furthermore, the
surge in people accepting and adopting sports as their full-time careers is
expected to push the market forward during the forecast period.
Global Sports Medicine Market- Overview
Sports medicine is that branch of medicine which deals
with the treatment of injuries and ailments which occur during sports and other
physical fitness activities. It does not, however, stop at accidents and
illnesses; it also contains medications that increase overall athletic
performance and protect the athlete from possible injuries. The global sports
medicine market is expected to expand due to the high penetration of sports
medicine devices in developing countries as a result of new advanced treatments,
improved healthcare facilities, and increasing affordability as per capita
income rises. Furthermore, growth in technological advancements aimed at
developing cost-effective methods of treatment, as well as the increasing
popularity of sports activities among people of all ages, are driving the
Global Sports Medicine Market Forecast and Trends
Rising Trend of Sports and Recreational Activities
People rarely have time to exercise or participate in
physical activities in today's fast-paced world. As a result, they participate
in sports activities voluntarily, some for fun and others to maintain physical
activity. When more people engage in sports, the number of injuries also increases,
necessitating the need for injury care and recovery. Ligament tears and
fractures are very common in those who participate in sports. A significant
percentage of cases include non-critical or non-severe injuries and wounds.
They do, however, need care or they will become infected.
Increased Interest in Sports as a Career
The introduction of new sports and numerous sports
tournaments are piquing the interest of an increasing number of people. As a
result, they have begun to consider sports as a full-fledged career.
Furthermore, private funding is supporting and funding youngsters interested in
athletics, which is motivating them to pursue their interest in sports. With
more tournaments and matches, as well as an increasing number of people
entering this field, the market for sports medicine is expected to grow during
the forecast period.
Expensive Orthopedic Devices and Surgeries may Hinder the
The average price of an orthopedic device is around USD
3000 to 4000 which is considered expensive especially for middle-income countries.
In addition to this cost, the surgery is on the expensive side, with orthopedic
surgeries ranging from USD 20,000 to 40,000. This is considered the most
important impediment to the growth of the sports medicine market. People
suffering from sports injuries will be reluctant to get these device implants
as they may not be able to afford them.
Impact of COVID-19 on Global Sports Medicine Market
The COVID-19 outbreak has halted the operations of several
industries. Most organized sports activities have been suspended or postponed
as a result of the ongoing pandemic. in light of the spread of coronavirus and
the rising number of cases all around the world, governments of several
countries put a temporary ban on all sports activities. The Olympics, football,
cricket, and all other sports championships and matches have been postponed
until further notice. As a result, the sports market witnessed a sudden drop in
the demand for sports medicine. However, as countries lift their lockdowns and
sports activities resume, demand is expected to rise quickly in the
Global Sports Medicine Market - By Device Type
Based on device type, the global sports medicine market is
segmented into surgery devices, bone reconstruction devices, body support
devices, and others. Bone reconstruction devices held the largest market
revenue for the year 2020. Technological advancements play a very crucial role
in the development of bone reconstruction devices, along with other factors
like the expanding application of ligament repair products, fracture products,
arthroscopy, etc. A mixture of all these factors is expected to contribute to
the growth of the global sports medicine market during the forecast period.
Global Sports Medicine Market - By Application
Based on the application, the market is categorized into
knee, head & neck, shoulder, ankle and foot, wrist and elbow, and others.
The knee segment held the largest market share in the year 2020 and is expected
to progress at a significant rate during the forecast period. Knee injuries are
very common among people who participate in athletics, which is a major reason
for the thriving knee segment. The advancement of the medical field, as well as
the increasing prevalence of minimally invasive surgeries, is also fueling the
growth of the knee segment market.
Global Sports Medicine Market - By End-User
Based on end-users, the market is segmented into
hospitals, specialty clinics, diagnostic centers, orthopedic clinics,
rehabilitation centers, sports institutes, and others. Hospitals registered a
high number of treatments for sports injuries and ailments owing to the
availability of professional healthcare and advanced equipment and devices.
Furthermore, with developing infrastructure in several countries, the number of
hospitals is rising, resulting in a thriving hospital segment that is expected
to grow during the forecast period.
Global Sports Medicine Market - Regional Insights
Geographically, the global sports medicine market is
segmented into North America, Europe, Asia-Pacific (APAC), Latin America
(LATAM), and Middle-East & Africa (MEA). North America has the highest
market demand for sports medicines and therefore, held the largest revenue
share in the year 2020. Several factors like the rising trend for sports and
athletics among the American population, along with increasing orthopedics
centers are contributing significantly towards the growth of the sports
The leading market players in the global sports medicine
market are Arthrex, Inc., Stryker, CONMED Corporation, Zimmer Biomet, Karl
Storz Se & Co. KG, Johnson & Johnson Services, Inc., Smith &
Nephew, Depuy Synthes Inc., Wright Medical Group N.V., DJO Global, Ottobock,
OSSUR HF, Japan MDM, Performance Health International Limited, Cramer Products,
RTI Surgical, Medtronic, Mueller Sports, Breg, and other prominent players. The
companies are focusing on innovations and launching compact surgery devices to
gain a competitive edge. They are also constantly engaging in competitive
strategies like mergers, acquisitions, and partnerships to establish a better
brand reputation in the market.
l In February 2021, Performance Health International Limited,
a UK-based medical and physical therapy manufacturing company joined hands with
Group plc, a UK-based consumer goods company. The agreement has
been signed to sell two of Performance Health's leading labels, Biofreeze and
TheraPearl to the group.
l In June 2020, Smith & Nephew, a UK-based medical
equipment manufacturing company, unveiled its INTELLIO connected tower network,
which allows sports medicine systems to be connected and regulated.
Scope of the Report
Historical data – 2017-2020
Base Year – 2021
Forecast – 2021 – 2027
Revenue in USD Million
North America, Europe, the Asia-Pacific, Latin America,
and the Middle East and Africa
By Product Type, By Application, By End-user, By Region
Arthrex, Inc., Stryker, CONMED Corporation, Zimmer
Biomet, Karl Storz Se & Co. KG, Johnson & Johnson Services, Inc.,
Smith & Nephew, Depuy Synthes Inc., Wright Medical Group N.V., DJO global,
Ottobock, OSSUR HF, Japan MDM, Performance Health International Limited,
Cramer Products, RTI Surgical, Medtronic, Mueller Sports, Breg, and other
By Device Type
Ø Surgery devices
Ø Bone reconstruction
Ø Body Support Devices
Ø Head & neck
Ø Ankle and Foot
Ø Wrist and Elbow
Ø Speciality Clinics
Ø Diagnostic Centers
Ø Orthopedic Clinics
Ø Rehabilitation Centers
Ø Sports Institutes
Ø North America
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
1. What is the current size of the global sports medicine
global sports medicine market reached USD 5.19 billion in 2020.
2. What are the major factors driving the growth of the
global sports medicine market?
major factors driving the growth of the global sports medicine market are; the
rising trend of sports and recreational activities and the positive surge
towards opting for sports as a career.
3. Who are the key players in the global sports medicine
key players in the global sports medicine market are: Arthrex, Inc., Stryker,
CONMED Corporation, Zimmer Biomet, Karl Storz Se & Co. KG, Johnson &
Johnson Services, Inc., Smith & Nephew, Depuy Synthes Inc., Wright Medical
Group N.V., DJO global, Ottobock, OSSUR HF, Japan MDM, Performance Health
International Limited, Cramer Products, RTI Surgical, Medtronic, Mueller
Sports, Breg, and other prominent players.
4. Which device segment accounted for the largest share in
the global sports medicine market?
bone reconstruction devices segment accounted for the largest share in the
global sports medicine market.
5. Which region is at the highest growth
rate in the global sports medicine market?
Answer: North America holds the largest share in the
global sports medicine market.