Thailand Sports Medicine Market Size & Outlook, 2023-2030
Thailand sports medicine market, 2018-2030 (US$M)
Related Markets
Thailand sports medicine market highlights
- The Thailand sports medicine market generated a revenue of USD 54.3 million in 2023 and is expected to reach USD 96.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 8.5% 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.
Sports medicine market data book summary
| Market revenue in 2023 | USD 54.3 million |
| Market revenue in 2030 | USD 96.0 million |
| Growth rate | 8.5% (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, Thailand accounted for 1.0% 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 41.8% in 2023. Horizon Databook has segmented the Thailand 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 adoption of sports medicine in Thailand was very slow in the last decade due to a shortage of physicians in the country. As per the World Bank, the ratio of physicians per person in Thailand was 0.47 in 2015. Hence, the demand for physicians between 2016 and 2017 increased.
This increase in the number of physicians is likely to boost the market in the country. Moreover, various government initiatives to encourage sports in the country are fueling the market growth. For instance, in 2017, the Football Association of Thailand entered into an agreement with Police Hospital and Barcelona-based Ekkono Method Soccer Services to encourage & develop young.
Football players in the country, establish a women’s team, and create a football team for the World Cup 2026. Experts from the Police hospitals guide athletes in attaining the required physique by adopting proper nutrition and exercising.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand sports medicine market size, by product, 2018-2030 (US$M)
Thailand Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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