Australia Sports Medicine Market Size & Outlook, 2023-2030
Australia sports medicine market, 2018-2030 (US$M)
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Australia sports medicine market highlights
- The Australia sports medicine market generated a revenue of USD 64.7 million in 2023 and is expected to reach USD 115.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, body reconstruction & repair was the largest revenue generating product in 2023.
- Body Support & Recovery is the most lucrative product segment registering the fastest growth during the forecast period.
Sports medicine market data book summary
| Market revenue in 2023 | USD 64.7 million |
| Market revenue in 2030 | USD 115.1 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Body reconstruction & repair |
| Fastest growing segment | Body Support & Recovery |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 1.2% of the global sports medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sports medicine market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 420.6 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 38.49% in 2023. Horizon Databook has segmented the Australia 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.
Australia is deeply immersed in sports and physical activities, which significantly impacts the sports medicine market. There is an increasing demand for specialized medical care to address injuries, enhance performance, and promote overall athlete well-being, with a significant portion of the population actively participating in various sports.
As per an article published by the Australian Institute of Health & Welfare in 2020–2021, Australia observed a significant involvement in sports and physical activities, with 9 out of 10 individuals aged 15 or older participating at least once.
According to the Australian Sports Commission, 6 out of 10 Australians engaged in such activities at least three times a week. Despite the numerous health and social benefits associated with participation, there was an evident risk of injuries, as indicated by the AusPlay survey, with approximately 19% of participants reporting injuries in 2022.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia sports medicine market size, by product, 2018-2030 (US$M)
Australia Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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