Categories: Market Research

Sports Medicine Devices Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

Overview and Scope
Sports medicine devices refer to devices that aid in the recovery of patients from injuries sustained while participating in sports, exercise, or other physical activities. It is used to avoid and treat musculoskeletal issues such as sprains, strains, fractures, and ligament repairs, as well as repetitive motion injuries and upper and lower back pain from sports.

Sizing and Forecast
The sports medicine devices market size has grown strongly in recent years. It will grow from $7.44 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to military operations and conflicts, rise in commercial aviation, global geopolitical changes, regulatory standards and compliance, fluctuations in fuel prices..

The sports medicine devices market size is expected to see strong growth in the next few years. It will grow to $11 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to growing military expenditure, expansion of commercial aviation, technological advancements in refueling systems, global geopolitical changes, adoption of sustainable aviation fuels.. Major trends in the forecast period include automation in refueling systems, use of unmanned aerial vehicles (uavs), adoption of autonomous technologies, advanced fueling techniques, enhanced safety measures..

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The sports medicine devices market covered in this report is segmented –

1) By Product: Orthopedic Devices, Body Reconstruction And Repair, Body Support And Recovery, Body Monitoring And Evaluation, Accessories
2) By Orthopedic Product: Artificial Joint Implants, Arthroscopy Devices, Fracture Repair Devices, Prosthesis, Orthobiologic
3) By Recovery And Support Product: Braces, Performance Monitoring Devices, Accessories, Other Recovery Products
4) By Application: Knee Injury, Shoulder Injury, Ankle-Foot Injury, Back-Spine Injury, Hand-Wrist Injury, Hip-Groin Injury, Arm-Elbow Injury
5) By End Users: Ambulatory Surgical Centers, Hospitals, Orthopaedic Clinics, Other End Users

North America was the largest region in the sports medicine device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sports medicine devices market report during the forecast period. The regions covered in the sports medicine devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in sports injuries is expected to boost the growth of the sports medicine device market going forward. Sports injury refers to the various types of wounds that commonly occur during athletic activity. Sports medicine devices are utilized for more than just injury treatment, they can also be used for performance training, physical therapy, and injury prevention, hence, the rise in sports injuries is expected to boost the sports medicine devices market. For instance, according to a report published by the National Safety Council (NSC), a US-based public service organization promoting health and safety, Injuries from sports and recreation have increased by 20% in 2021. Injuries occurring while using recreational and leisure equipment required emergency care for 3.2 million people in 2021. Males are harmed approximately twice as often as females (2,158,887 females vs. 4,148,404 males), and 91% of injury victims are treated and released from emergency departments in 2021. Therefore, the rise in sports injuries is driving the growth of the sports medicine device market.

Key Industry Players
Major companies operating in the sports medicine device market are adopting a strategic partnership approach to expand capabilities partner. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in April 2021, Stryker Corporation, a US-based medical technology company, announced a partnership with Minor League Baseball, to be designated as the “Official SmartRobotics Joint Replacement Partner”. This is the first of its type collaboration, and it will serve to market Stryker’s products and services in the fields of orthopedics, medical and surgical, neurotechnology, and spine.

The sports medicine devices market report table of contents includes:

1. Executive Summary

2. Sports Medicine Devices Market Characteristics

3. Sports Medicine Devices Market Trends And Strategies

4. Sports Medicine Devices Market – Macro Economic Scenario

5. Global Sports Medicine Devices Market Size and Growth
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31. Global Sports Medicine Devices Market Competitive Benchmarking

32. Global Sports Medicine Devices Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Sports Medicine Devices Market

34. Sports Medicine Devices Market Future Outlook and Potential Analysis

35. Appendix

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