Middle East and Africa Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
One of the primary factors encouraging market growth is the increased participation of individuals in athletics and other sporting activities. In accordance with this, the general public's growing awareness of health issues has led to the acceptance of athletics as a viable means of maintaining physical fitness and combating lifestyle disorders. As a result, sports-related injuries and muscle rips have increased, resulting in a higher need for treatment procedures and therapeutic products.
Data Bridge Market Research analyses that the sports medicine market which was USD 5.83 billion in 2021, would rocket up to USD 9.29 billion by 2029, and is expected to undergo a CAGR of 6.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Sports medicine is a branch of medicine that focuses on preventing and treating injuries and diseases that emerge from sports involvement. Sports medicine includes a variety of body reconstruction products such as implants, fracture and ligament repair products, arthroscopy devices, prosthetics, orthobiologics, and body support and recovery products such as braces and supports, compression clothing, physiotherapy equipment, thermal therapy, electrostimulation, and accessories.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Arthrex, Inc (U.S.), Smith & Nephew plc (UK), 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.)
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Market Opportunities
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Increasing incidence of sports injuries
Consistent innovation of new products and treatment modalities
Increasing demand for minimally invasive surgeries
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Sports Medicine Market Dynamics
Drivers
- Increasing incidence of sports injuries
The key drivers of demand for sports medicine are rising desire for minimally invasive operations, increased use of arthroscopic surgeries, and an infusion of new goods and treatment modalities. During the projection period, however, the high cost of sports medicine products and the danger associated with implant devices are likely to stifle the market's expansion.
- Rising burden of sports injuries
Consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries. Sports injuries include strains and sprains, spondylolysis and spondylolisthesis, stingers, disc injury, and Scheuermann's disease. Thus, the rising incidence of sports-related injuries will likely drive the European market. Additionally, expanding awareness of sports medicine and the rising number of sports medicine associations are further driving the market for sports medicine.
Increase in adoption of extreme sports activities
Rising incidence of sports-related injuries, growth in awareness among individuals regarding fitness and sports, availability of medical instruments, and rapid advancements in sports medicine are expected to drive the growth of the sports medicine market.
Opportunities
- Expansion and market penetration opportunities in emerging economies
Emerging countries such as India and China have a huge patient population. They are likely to offer substantial growth prospects for sports medicine players, owing to rising disposable incomes (as a result of rapid economic expansion) and increased engagement in sports and physical activities. In addition, governments in these countries are currently working to expand and modernise their healthcare systems. In the near years, however, untapped markets and shifting regulatory conditions for medicine are likely to create a replacement opportunity for the sports medicine sector.
Restraints/Challenges
- High cost of orthopaedic implants
The high cost of implants is a key stumbling block to the growth of the sports medicine market. In countries like India, where only a tiny portion of the population is covered by insurance, the cost of these implants is a big problem for market expansion (according to the IRDA, in 2017, 76 percent of the Indian population was uninsured). With an average cost of more than USD 12,000 in poor countries, most of the population is still unable to afford such a pricey therapy.
Regenerative medicine procedures, like implants and prosthetics, are costly. A single PRP injection, for example, costs between USD 500 and USD 2,000, whereas bone marrow stem cell injections cost between USD 2,000 and $5,000.
This sports medicine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sports medicine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Sports Medicine Market
During the pandemic, the sports medicine market was also hit. COVID-19 had a detrimental impact on the market as a whole. This was due to a drop in sports medicine demand. The initial drop in demand was due to a reduction in sports competitions and activities due to rigorous global lockdowns in 2020. Furthermore, disturbances in the supply chains of the sports medicine business had a detrimental influence on the market. Furthermore, during the initial wave of the pandemic, pharmaceutical manufacturing was disrupted, resulting in a negative impact in 2020. The sports medicine industry is expected to recover in 2021, thanks to increased demand and relaxations in lockdowns, which has increased the number of sporting activities worldwide.
Recent Development
The DJO global firm stated on February 8, 2022 that it had renewed its partnership with the Professional Football Athletic Trainers Society (PFATS). The Professional Football Athletic Trainers Society (PFATS) is an organisation of licenced athletic trainers who operate in professional football. As part of its cooperation with DJO, PFATS will recommend and endorse specific DJO products.
Smith & Nephew acquired C.E. mark clearance for Regeneten Bioinductive Implant in June 2020, allowing it to be sold in key European countries.
Middle East and Africa Sports Medicine Market Scope
The sports medicine market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Body Reconstruction
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Implants
- Orthobiologics
- Prosthetics
- Body Support and Recovery
- Braces and Supports
- Physiotherapy
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
- Accessories
- Bandages
- Disinfectants
- Tapes
- Others
Application
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Hip and Groin Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Others
End-User
- Hospitals
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
- Others
Sports Medicine Market Regional Analysis/Insights
The sports medicine market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.
The countries covered in the sports medicine market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
South Africa is expected to grow with the most promising growth rate in the forecast period of 2022 to 2029, building healthcare expenditure and infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sports Medicine Market Share Analysis
The sports medicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sports medicine market.
Some of the major players operating in the sports medicine market are:
- Arthrex, Inc (U.S.)
- Smith & Nephew plc (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.)
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