Through an increase in sports-related injuries and an increase in the number of people participating in sports and fitness-related activities, there has been an increase in the demand for sports medicine in recent years. The market is also expected to grow as proactive treatment for sports injuries gradually gives way to preventive treatment. The most recent estimates from the CDC show that in 2020, 54.1% of kids in the U.S. between the ages of 6 and 17 participated in sports. Additionally, according to data provided by Stanford Medicine Children's Health, there are roughly 3.5 million injuries reported in the U.S. each year involving people aged 14 or younger. The high percentage of kids who play sports, along with the rise in the number of injuries, is creating significant demand for sports medicine products.
According to Data Bridge Market Research, Sports Medicine Market was USD 2.95 billion in 2022, would rocket up to USD 5.42 billion by 2030, and is expected to undergo a CAGR of 7.90% during the forecast period 2023 to 2030.
“Sports-related injuries are more common and drives market growth"
The prevalence of sports-related injuries is a significant driver of market growth in the sports medicine industry. With the rise in sports participation and physical activity levels, the likelihood of injuries increases. This necessitates the need for effective diagnosis, treatment, and rehabilitation services, which are provided by the sports medicine market. As the demand for injury management and prevention solutions grows, the market expands to cater to the rising number of individuals seeking specialized care for sports-related injuries.
What restraints the growth of the sports medicine market?
“Dearth of a trained professional can impede the market growth”
The sports medicine market may experience growth challenges due to a lack of qualified professionals. To diagnose and treat sports-related injuries and conditions, the field of sports medicine needs specialized knowledge and abilities. The expansion of sports medicine services, however, may be hampered by the shortage of skilled professionals, such as sports medicine doctors, physical therapists, and athletic trainers, which could also restrict access to high-quality care for athletes and sports enthusiasts.
Segmentation: North America Sports Medicine Market
The sports medicine market is segmented on the basis of products, application, procedure, and end user.
- On the basis of products, the sports medicine market is segmented into body reconstruction products, body support, and recovery products.
- On the basis of application, the sports medicine market is segmented into knee, hip, shoulder and elbow, foot and ankle, hand and wrist, back and spine injuries, and other injuries.
- On the basis of procedure, the sports medicine market is segmented into knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures, hand and wrist arthroscopy procedures, others.
- On the basis of end user, the sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, others.
Regional Insights: U.S. dominates the North America Sports Medicine Market
The U.S. dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are growing government initiatives to encourage athletes to participate in all sports. Furthermore, a lot of producers are introducing cutting-edge, technology-based sports medicine in the area.
To know more about the study, visit, https://www.databridgemarketresearch.com/es/reports/north-america-sports-medicine-market
Recent Developments in North America Sports Medicine Market
- In 2022, It was announced by DJO Global that its collaboration with PFATS, the Professional Football Athletic Trainers Society, had been extended. An organization for professional football athletic trainers is called the Professional Football Athletic Trainers Society (PFATS). As part of its partnership with DJO, PFATS will suggest and support particular DJO products.
- In 2020, The Regeneten Bioinductive Implant was given the CE mark approval by Smith & Nephew, enabling it to be sold in significant European markets.
The Prominent Key Players Operating in the North America Sports Medicine Market Include:
- Arthrex, Inc (U.S.)
- Smith+Nephew (U.K.)
- Stryker (U.S.)
- Breg Inc. (U.S.)
- DJO LLC (U.S.)
- Mueller Sports Medicine, Inc (U.S.)
- Wright Medical Group N.V. (U.S.)
- Medtronic (Ireland)
- RTI Surgical (U.S.)
- Performance Health (U.S.)
- KARL STORZ (Germany)
- Bauerfeind (Germany)
- Össur (Iceland)
- MedShape (U.S.)
- Cramer Products (U.S.)
- Agilent Technologies, Inc (India)
- RôG Sports Medicine (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of sports medicine market companies contact, https://www.databridgemarketresearch.com/es/contact
Research Methodology: North America Sports Medicine Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
