Global Sports Medicine Market Size & Outlook, 2023-2030
Global sports medicine market, 2018-2030 (US$M)
Related Markets
Global sports medicine market highlights
- The global sports medicine market generated a revenue of USD 5,458.9 million in 2023 and is expected to reach USD 9,448.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.2% by 2030.
- In terms of segment, body reconstruction & repair accounted for a revenue of USD 2,133.8 million in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,458.9 million |
| Market revenue in 2030 | USD 9,448.1 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Body reconstruction & repair |
| Fastest growing segment | Accessories |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, Accessories |
Other key industry trends
- In terms of revenue, the North America accounted for 46.8% of the global sports medicine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 579.9 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 39.09% in 2023. Horizon Databook has segmented the Global sports medicine market based on body reconstruction & repair, body support & recovery, body monitoring & evaluation, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
In the past few years, there has been an increasing reliance on technologies to map various factors with respect to sports such as performance assessment and training methods, among others. Even sports injuries can be tracked and monitored using technology.
Various monitoring and treatment technologies are used to improve the state of sportsmen going through recovery or to prevent injuries from happening. Preventive technologies, such as preventive genomics, are used to tweak work-out or diet plans based on gene mapping.
For instance, Athletigen Technology, Inc., a performance-based company in Nova Scotia, works with various sportsmen to use the collected information on their DNA for improving their performance and health, along with reducing the incidences of sport-related injuries.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global sports medicine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Sports medicine market size, 2023 (US$M)
Global sports medicine market share, by product, 2023 & 2030 (%, US$M)
Sports Medicine Market: Opportunity Assessment By Country
Global sports medicine market, by region, 2023 (US$M)
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