India Sports Medicine Market Size & Outlook, 2023-2030
India sports medicine market, 2018-2030 (US$M)
Related Markets
India sports medicine market highlights
- The India sports medicine market generated a revenue of USD 187.8 million in 2023 and is expected to reach USD 343.2 million by 2030.
- The India market is expected to grow at a CAGR of 9% 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 187.8 million |
| Market revenue in 2030 | USD 343.2 million |
| Growth rate | 9% (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, India accounted for 3.4% 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 44.78% in 2023. Horizon Databook has segmented the India 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 in India is still in its nascent stage and is continuously growing. The rapid growth of the market can be attributed to increasing awareness about the importance of physical activity to maintain health & fitness and rising spending on sports by the government.
Moreover, the launch of the Khelo India Programme in 2018 by the Indian government, which aims to promote sports in India, is expected to drive the sports medicine market in the country over the forecast period.
Moreover, cricket is deeply rooted in India's sports sector and extends beyond a mere sport to become a national obsession. The significance of cricket in the country is a driving force behind the rapid growth of the sports medicine market.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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India sports medicine market size, by product, 2018-2030 (US$M)
India Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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