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Sports Medicine Market Size

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

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Sports Medicine Market Size

Sports Medicine Market was valued at USD 6.1 billion in 2022 and is estimated to reach USD 11.1 billion by 2032. It is a branch of medicine that deals with the prevention, diagnosis, treatment, and rehabilitation of injuries related to sports and exercise.

Sports Medicine Market

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The primary focus is to optimize the performance of athletes and individuals engaged in physical activity, as well as to promote overall health and fitness. During the Winter Olympic Games in Beijing 2022, the medical staff reported a total of 725 injuries and 1,119 illnesses. This corresponds to an incidence of 24 injuries and 31 illnesses per 1000 athletes and nonathletes. Overall, 2.4% of the participants experienced at least one injury, while 3.1% had at least one illness. Consequently, a high incidence of such sports injuries could potentially drive market expansion.

Sports Medicine Market Report Attributes
Report Attribute	Details
Base Year:	2022
Sports Medicine Market Size in 2022:	USD 6.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 11.1 Billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	415
Segments covered:	Product, Injury Type, and Region
Growth Drivers:	Increasing number of sports injuries globally Technological advancements in implants and wearable devices Growing demand for minimal invasive surgeries and rising number of sports medical centres Increasing awareness regarding physical fitness and sports activities
Pitfalls & Challenges:	Dearth of trained healthcare professional in developing countries Inflated cost of sports medicine

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Moreover, the market is anticipated to experience growth due to the increasing awareness regarding personal health and substantial rise in government initiatives promoting sports activities. The surge in sports participation is likely to result in a higher incidence of sports injuries. Additionally, advancements in the orthopedic devices, such as the adoption of technologies such as 3D printed medical devices & implants, introduction of bionic and sensor technology in prosthetic limbs, is poised to provide unprecedented growth opportunities for expansion of the sports medicine industry.

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.