The North America sports medicine market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising participation in sports and physical activities.
Sports medication is a multidisciplinary field that has rehabilitation treatment and specialized medical care and identifies wide scope of injuries and conditions with sports and other extreme physical activities. Sports medicine centers work with athletes on their performance, recovering from injury, and prevent future injuries. It is a rapid growing medical care field, since wellbeing workers who represent considerable authority in sports medication helps in a wide range of individuals, and not just athletes. Sports medication experts treat amateur athletes, the individuals who require better outcomes from their activity program, individuals who have endured wounds and are attempting to recover full capacity, and those with incapacities who are attempting to expand versatility and ability.
The coronavirus pandemic negatively impacted the worldwide market due to delay and cancellation of the scope of non-emergency procedures. Nonetheless, the market is estimated to recuperate and develop at a consistent rate in the coming years.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing incidence of sports injuries and continuous influx of new products and treatment modalities are major factors expected to boost the sports medicine market.
- Expanding awareness regarding the prevention & treatment of sports injuries is one of the driving variable for the development of the market.
- High cost of sports medicine procedures and lack of trained sports medicine professionals can restrain the growth of the market.
- Developments in surgical techniques, for example, arthroscopy have brought a radical change to the sports medicine industry, which is expected to spur the development in the long term.
Scope of the Report
The report on the Sports Medicine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Sports Medicine Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Products (Implants, Arthroscopy Devices, Prosthetics, Orthobiologics, Braces, Bandages and Tapes and Others) and Applications (Knee Injuries, Shoulder Injuries, Ankle and Foot Injuries, Back and Spine Injuries, Elbow and Wrist Injuries and Others)
The US and Canada
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Johnson & Johnson; Zimmer Biomet Holdings Inc; Stryker Corporation; ConMed Corporation; Smith & Nephew
Sports Medicine Market Segment Insights
Arthroscopy devices segment is expected to grow at a rapid pace
Based on products, the market is divided into implants, arthroscopy devices, prosthetics, orthobiologics, braces, bandages and tapes, and others. The arthroscopy devices segment is estimated to account for a significant share of the market owing to the presence of subjugating throughout the market. However, the arthroscopy devices segment is anticipated to expand at a rapid pace during the forecast period due to rising surgical equipment for the treatment of sports injuries.
Knee injuries segment is projected to expand at a considerable CAGR
In terms of applications, the Sports Medicine market is segregated into knee injuries, shoulder injuries, ankle and foot injuries, back and spine injuries, elbow and wrist injuries, and others. The knee injuries segment is anticipated to account for a key share of the market due to increasing recreation activities. This is significant due to the fact that knee injury is considered as quite possibly the most well-known injury experienced by sportsperson.
The US is anticipated to constitute a large market share
In terms of regions, the North America market is classified as The US and Canada. The US is expected to constitute a key share of the market during the projected period due to the rapid growth of the IT industry, high healthcare expenditure, followed by the active participation of the population in physical activities, which is one of the factors driving the growth of the market in the country.
Segments Covered in the Report
The North America Sports Medicine market has been segmented on the basis of
- Arthroscopy Devices
- Bandages and Tapes
- Knee Injuries
- Shoulder Injuries
- Ankle and Foot Injuries
- Back and Spine Injuries
- Elbow and Wrist Injuries
- Johnson & Johnson
- Zimmer Biomet Holdings Inc
- Stryker Corporation
- ConMed Corporation
- Smith & Nephew
Key players competing in the Sports Medicine market are Johnson & Johnson; Zimmer Biomet Holdings Inc; Stryker Corporation; ConMed Corporation; Smith & Nephew.