Brazil Sports Medicine Market Size & Outlook, 2023-2030
Brazil sports medicine market, 2018-2030 (US$M)
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Brazil sports medicine market highlights
- An overview of the Brazil sports medicine market trends heading towards 2030. The market in Brazil generated a revenue of USD 146.4 million in 2023 and is expected to reach USD 275.0 million by 2030.
- The overall growth of the Brazil market from 2023 to 2030. The Brazil market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- A look at the Brazil market revenues per segment in 2023. In terms of segment, body reconstruction & repair was the largest revenue generating product in 2023.
- The segment witnessing the fastest revenue growth within the market. 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 146.4 million |
| Market revenue in 2030 | USD 275.0 million |
| Growth rate | 9.4% (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, Brazil accounted for 2.7% 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 Latin America, Brazil sports medicine market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 275.0 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 35.79% in 2023. Horizon Databook has segmented the Brazil 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 sports medicine market is developing in Brazil owing to the popularity of football & other sports and growing investments for the betterment of sports infrastructure in the country. In addition, an increase in medical tourism and availability of advanced treatments at affordable cost are making the country a preferred destination for orthopedic treatment.
Moreover, the presence of a well-defined regulatory framework established by health agencies, such as ANVISA, and the easy availability of experienced professionals are some of the major factors boosting the demand for orthopedic procedures in the country.
In addition, rising government programs and the availability of better private insurance coverage are among the major drivers of the sports medicine market in Brazil. However, a lack of government funding and a shortage of necessary medical supplies that athletes require are likely to limit the market growth.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil sports medicine market size, by product, 2018-2030 (US$M)
Brazil Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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