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Sports Medicine Market Share

Report ID: GMI3682
Published Date: Nov 2023
Report Format: PDF

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Sports Medicine Market Share

The sports medicine industry is fragmented, with key players including Stryker Corporation, Smith & nephew and others dominating the market space. These companies focus on ongoing product innovation, geographical expansion, and partnerships to secure substantial market share. For instance, in March 2023, Smith & Nephew, unveiled QUADTRAC System representing the inaugural integrated guide system designed for minimally invasive quadriceps graft harvesting. This innovative system facilitates direct visualization of the tendon, offering a controlled and reproducible technique for the harvesting process. This new addition aimed at expanding the product portfolio and enhance overall company's revenue.

Some of the eminent market participants operating in the sports medicine industry include:

Stryker Corporation
Arthrex, Inc.
Wright Medical Technology
Otto Bock Healthcare
Zimmer Biomet
Smith & Nephew Plc
Breg, Inc
Muller Sports, Inc
RTI Surgical
Performance Health International Limited
KARL STORZ
Bauerfeind AG
CONMED Corporation
Johnson & Johnson
Ossur Corporate
Creamer Product, Inc
DJO Global
Anika Therapeutics, Inc

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Sports medicine industry size was worth USD 6.1 billion in 2022 and is expected to reach USD 11.1 billion by 2032 owing to a high incidence of sports injuries.

Sports medicine industry from the body reconstruction products segment accounted for USD 3.5 billion in revenue in 2022 and is estimated to witness high demand driven by the growing focus on new product development revolutionizing implant placement technologies.

U.S. sports medicine market size surpassed USD 800 million in revenue in 2022 and set to depict robust growth through 2032 owing to the presence of major players, favorable reimbursement scenarios coupled with the rising number of medical centers, and growing investment in the development of sports medicine.

The top companies in the market are Stryker Corporation, Arthrex, Inc., Otto Bock Healthcare, Zimmer Biomet, Smith & Nephew Plc, Performance Health International Limited, Johnson & Johnson, and Anika Therapeutics, Inc., among others.