Asia Pacific Sports Medicine Market Size & Outlook
Asia Pacific sports medicine market, 2018-2030 (US$M)
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Asia Pacific sports medicine market highlights
- The Asia Pacific sports medicine market generated a revenue of USD 851.0 million in 2023.
- The market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, body reconstruction & repair was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 851.0 million |
| Market revenue in 2030 | USD 1,561.2 million |
| Growth rate | 9.1% (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 |
| Key market players worldwide | Smith & Nephew PLC, Stryker Corp, Zimmer Biomet Holdings Inc, Arthrex, Enovis Corp, DePuy Synthes, Johnson & Johnson, Conmed Corp, Mueller Industries Inc, Orthofix Medical Inc, Performance Health, Karl Storz |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.6% of the global sports medicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,561.2 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 40.29% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The demand for sports medicine in the Asia Pacific region is increasing, owing to its high adoption in countries such as China, India, Japan, and South Korea. China has a well-established sports infrastructure, which has attracted a large youth population toward athletics and other sports.
Moreover, the growing spending on sports infrastructure by the Indian government and launch of initiatives, such as The Khelo India Programme in 2018, are likely to boost the market growth in India. In addition, Japan currently holds a significant share of the sports medicine market, owing to the success of the country in advanced sports injury therapeutics.
Furthermore, the ongoing research in orthopedics and the development of innovative medical devices are major factors contributing to the growth in Japan over the forecast period. Furthermore, the growing medical tourism in Thailand, Singapore, Malaysia, and India for orthopedic surgeries at cheaper rates is likely to drive market growth over the forecast period.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific sports medicine market size, by country, 2018-2030 (US$M)
Asia Pacific Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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