Sports Medicine Market Size To Reach $9.45 Billion By 2030

Sports Medicine Market Growth & Trends

The global sports medicine market size is expected to reach USD 9.45 billion by 2030, expanding at a CAGR of 8.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for sports medicine, owing to increasing shift from a sedentary lifestyle to a healthy lifestyle by the younger population, and increasing incidences of injuries among fitness enthusiasts are some of the major factors driving industry growth. Increasing career opportunities and a growing inclination toward fitness owing to rising health awareness have increased the number of people choosing sports as a hobby or a career. This, in turn, is expected to increase their chances of incurring injuries.

For instance, according to Standard Children’s Health, in the U.S., out of 30 million children and teens participating in sports, about 3.5 million incur injuries. Moreover, about 21% of all traumatic brain injuries are incurred from sports and recreational activities, which are also the leading cause of death from sports-related injuries. In addition, nearly 775,000 children are treated for sports-related injuries in the U.S. every year. Thus, significantly high treatment adoption rates in emerging & developed countries and increasing participation in sports are expected to fuel the growth of the market during the forecast period.

The market for sports medicine includes products such as braces, supports, and compression garments, as well as diagnostic tools and devices, surgical equipment, and rehabilitation products. Growing popularity of sports and fitness activities drives the demand for sports medicine products and services. As more people participate in these activities, the risk of injuries increases, creating the need for various advanced products and services to prevent and treat these injuries.

Wearable devices, such as fitness bands & sensors, play a pivotal role in this technological advancement. They enable real-time monitoring of stress loads, assisting in averting fatigue-induced injuries and ensuring athletes maintain peak performance levels. The market is undergoing a significant transformation, especially in rehabilitation. Innovations such as antigravity treadmills, exoskeletons, and augmented/virtual reality tools are becoming crucial in the recovery process. This comprehensive approach expedites recovery and raises the overall quality of sports medicine, introducing a new era of precise and effective athlete care. For instance, in January 2023, Enovis (DJO, LLC) launched DynaClip Quattro and DynaClip Delta bone staples. They offer foot and ankle surgeons ease of use & procedural efficiency.

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Sports Medicine Market Report Highlights

• Based on product type, the body reconstruction & repair segment dominated the market with a revenue share of 39.09% in 2023. This growth can be attributed to the growing incidence of knee & hip injury among athletes

• Based on application, the knee segment contributed to the largest revenue share in 2023. Growing incidence of knee injuries is one of the major factors driving the market growth

• North America dominated the overall market in 2023, owing to well-established healthcare infrastructure, higher healthcare expenditure, availability of advanced technologies in wound care, and presence of major players, such as Stryker Corporation, Smith & Nephew, plc., and Enovis (DJO, LLC)

Sports Medicine Market Segmentation

Grand View Research has segmented the global sports medicine market based on product type, application, and region:

Sports Medicine Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Body Reconstruction & Repair

  • Surgical Equipment

  • Soft Tissue Repair

  • Bone Reconstruction Devices

• Body Support & Recovery

  • Braces and Other Support Devices

  • Compression Clothing

  • Hot & Cold Therapy

• Body Monitoring & Evaluation

  • Cardiac

  • Respiratory

  • Hemodynamic

  • Musculoskeletal

  • Others

• Accessories

  • Bandages

  • Tapes

  • Disinfectants

  • Wraps

  • Other

Sports Medicine Application Outlook (Revenue, USD Million, 2018 - 2030)

• Knees

• Shoulders

• Ankle & Foot

• Back & Spine

• Elbow & Wrist

• Hips

• Others

Sports Medicine Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Sports Medicine Market

• Smith+Nephew

• Stryker

• Zimmer Biomet

• Arthrex, Inc.

• Enovis (DJO, LLC)

• DePuy Synthes (Johnson & Johnson)

• CONMED Corporation

• Mueller Sports Medicine, Inc.

• Breg, Inc.

• Performance Health

• Bauerfeind

• Karl Storz SE & Co. KG