Canada Sports Medicine Market Size & Outlook, 2023-2030
Canada sports medicine market, 2018-2030 (US$M)
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Canada sports medicine market highlights
- The Canada sports medicine market generated a revenue of USD 365.3 million in 2023 and is expected to reach USD 579.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% 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.
Sports medicine market data book summary
| Market revenue in 2023 | USD 365.3 million |
| Market revenue in 2030 | USD 579.9 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Body reconstruction & repair |
| Fastest growing segment | Accessories |
| 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, Canada accounted for 6.7% 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 North America, U.S. sports medicine market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,649.3 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 41.06% in 2023. Horizon Databook has segmented the Canada 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.
Canada is witnessing considerable growth in sports medicine market owing to a rising number of athletes in the country. Increasing government initiatives in sports and fitness is further propelling the market growth.
Including USD 500,000 in funding and an additional USD 280,000 in recovery funding. This investment, facilitated through the Recovery Fund for Arts, Culture, Heritage, and Sport Sectors, aims to boost the Sport for Life Society's initiatives in promoting sports and physical activities.
Furthermore, the Innovation Initiative will provide up to USD 190,000 to test a fan experience model, addressing barriers to participation among newcomers, lack of information on organized sports engagement, and social connection challenges within the community.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada sports medicine market size, by product, 2018-2030 (US$M)
Canada Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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