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The sports medicine market size is valued to increase USD 2.97 billion, at a CAGR of 6.78% from 2023 to 2028. Increasing incidence of sports injuries will drive the sports medicine market.
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The sports medicine industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The knee treatment segment is estimated to witness significant growth during the forecast period.
The market is a continually evolving industry, addressing the diverse needs of athletes and active individuals. Knee injuries, such as ACL tears and patellofemoral syndrome, are common afflictions, affecting approximately 20% of the US population and potentially leading to chronic pain and arthritis. ACL reconstruction surgery and rehabilitation techniques are essential for treating and preventing these injuries, while stress management techniques, electrotherapy, and medical imaging analysis contribute to overall recovery. Sports psychology, nutritional strategies, and sleep optimization further enhance athletes' mental and physical well-being. Physical therapy modalities, injury prevention strategies, cardiac rehabilitation programs, and concussion management protocols ensure optimal performance and safety.
Performance monitoring systems, biomechanical analysis, and strength training programs help prevent injuries and improve athletic performance. Ergonomic assessments, hydration strategies, thermotherapy applications, mental health strategies, exercise prescription, pulmonary rehabilitation, joint injury rehabilitation, postural correction exercises, ligament tear repair, wearable sensor technology, and rotator cuff injuries are other critical areas addressed by sports medicine professionals. Exercise physiology metrics, telehealth for athletes, ultrasound imaging, athletic performance enhancement, osteoarthritis management, and sports injury diagnostics further expand the market's scope.
The Knee treatment segment was valued at USD 1.54 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 43% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American region holds a significant position in The market, driven by various factors including the increasing number of sports participants and growing awareness about sports injuries. The surge in sports participation has led to a corresponding rise in sports-related injuries, fueling the demand for sports medicine solutions. Furthermore, heightened awareness regarding the prevention and management of sports injuries has also contributed to market expansion in North America.
According to a report, the North American the market is projected to witness substantial growth, reflecting the market's robust nature and the continual development of advanced sports medicine technologies.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a range of advanced imaging techniques, therapeutic exercise prescription protocols, and functional movement screen applications that cater to the unique needs of athletes and active individuals. Biomechanical analysis of running gait and postural correction exercises are increasingly popular, as they enable early identification and prevention of injuries. Nutritional strategies for performance enhancement, such as hydration strategies for endurance athletes, are also integral to the market. Concussion management guidelines for athletes represent a significant focus, given the growing awareness of the long-term health implications of head injuries. Wearable sensor data analysis and remote patient monitoring have revolutionized sports medicine, allowing for real-time assessment and intervention.
Return to play criteria for ACL injuries and ligament tear rehabilitation programs are essential components of the market, ensuring athletes can safely resume their activities. Chronic pain management for athletes and exercise prescription in cardiac rehabilitation programs are other key areas of growth. Mental health strategies, including stress management techniques and sleep optimization, are increasingly recognized as crucial elements of overall athletic performance. Thermotherapy applications for sports injuries and electrotherapy techniques for muscle repair further expand the market's scope. Adoption rates of advanced technologies and techniques in the sports medicine sector vary significantly across regions and applications.
For instance, more than 70% of new product developments in the market focus on regions with a high density of professional sports teams and athletic events. This regional disparity underscores the need for a nuanced understanding of market trends and dynamics. In conclusion, the market is characterized by its emphasis on innovation, prevention, and performance enhancement. As the demand for personalized care and data-driven interventions continues to grow, the market is poised for significant expansion.
The sports medicine market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the sports medicine market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Sports Medicine Industry
Companies are implementing various strategies, such as strategic alliances, sports medicine market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alimed Inc. - This company specializes in sports medicine solutions, providing innovative products like the AliMed Knee Brace. With a focus on advanced technology and user comfort, these braces effectively support injury recovery and prevention. By combining ergonomic design and biomechanical engineering, the company caters to athletes and active individuals, enhancing their performance and overall wellness.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Sports Medicine Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2024-2028 |
USD 2968.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Key countries |
US, Germany, Canada, China, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Sports Medicine Market between 2024 and 2028?
USD 2.97 billion, at a CAGR of 6.78%
What segmentation does the market report cover?
The report is segmented by Application (Knee treatment, Hip treatment, Shoulder treatment, Spine treatment, and Others), Product (Reconstructive products, Support and recovery products, and Accessories), and Geography (North America, Europe, Asia, and Rest of World (ROW))
Which regions are analyzed in the report?
North America, Europe, Asia, and Rest of World (ROW)
What are the key growth drivers and market challenges?
Increasing incidence of sports injuries, High cost of orthopedic implants and other devices
Who are the major players in the Sports Medicine Market?
Alimed Inc., Arthrex Inc., Bauerfeind AG, Breg Inc., Conmed Corp., Core Products International Inc., DJO Global Inc., Johnson and Johnson Services Inc., KARL STORZ SE and Co. KG, Kinex Medical Co. LLC, medi GmbH and Co. KG, Medtronic Plc, Mueller Sports Medicine Inc., Ossur hf, Ottobock SE and Co. KGaA, Performance Health Holding Inc., Smith and Nephew plc, Stryker Corp., ThermoTek Inc., and Zimmer Biomet Holdings Inc.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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