North America Sports Medicine Market Size & Outlook
North America sports medicine market, 2018-2030 (US$M)
Related Markets
North America sports medicine market highlights
- The North America sports medicine market generated a revenue of USD 2,553.7 million in 2023.
- The market is expected to grow at a CAGR of 7.5% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,553.7 million |
| Market revenue in 2030 | USD 4,229.1 million |
| Growth rate | 7.5% (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, North America region accounted for 46.8% 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 37.58% in 2023. Horizon Databook has segmented the North America 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.
In 2023, North America dominated the market and held a significant share. North America is the largest regional market in the sports medicine market, owing to the high healthcare expenditure in the country and the availability of the latest & innovative medical devices to cope with orthopedic injuries.
For instance, Stryker Corporation installed more than 650 Mako surgical robots worldwide and performed more than 76,900 knee and hip replacement procedures in 2018 with these surgical robots.
As a specialized career in the region are among the factors anticipated to drive the demand for sports medicine during the forecast period. Moreover, small and large medical device companies, such as Stryker Corporation, Orthofix Medical, and Wright Medical, in the region are driving the market growth.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America sports medicine market size, by country, 2018-2030 (US$M)
North America Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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