U.S. Sports Medicine Market, By Product (Body Reconstruction Products, Body Support and Recovery Products, Accessories), Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries, Other Injuries), End User (Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres and Clinics) – Industry Trends and Forecast to 2030.
U.S. Sports Medicine Market Analysis and Size
The U.S. sports medicine market is expected to gain market growth due to the rise in healthcare sector which is escalating the growth of sports medicine market. The increase in the incidence of sports injuries across the region acts as one of the major factors driving the growth of the sports medicine market. The active participation of various government in encouraging sports activities and shift from proactive to preventive care for sports injuries among population accelerates the market growth. The surge in the use of wearable devices such as fitness bands and other sensors aids in monitoring stress load, and continuous influx of new products and treatment modalities further influence the market. Additionally, the surge in healthcare expenditure, developments in the field of regenerative medicine, injury prevalence among athletes and increase in preference for minimally invasive surgery positively affects the sports medicine market. Furthermore, the rise in demand for 3D-printed implantsprocedures extend profitable opportunity to the market players in the forecast period. On the other hand, high cost of orthopaedic implants and other devices, and availability of alternative care are expected to obstruct the market growth. Dearth of trained professionals is projected to challenge the sports medicine market in the forecast period.
Data Bridge Market Research analyses that the U.S. sports medicine market which was USD 1,981.12 million in 2022, and would rocket up to USD 3,353.87 million by 2030, and is expected to undergo a CAGR of 6.8% during the forecast period. This indicates that the market value. “Hospitals” dominates the end user segment of the sports medicine market owing to the growing demand for sports medicine in hospitals. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
U.S. Sports Medicine Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2014-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Body Reconstruction Products, Body Support and Recovery Products, Accessories), Application (Knee Injuries, Shoulder Injuries, Foot and Ankle Injuries, Elbow and Wrist Injuries, Back and Spine Injuries, Hip and Groin Injuries, Other Injuries), End User (Hospitals, Ambulatory Surgery Centres, Physiotherapy Centres and Clinics)
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Countries Covered
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U.S.
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Market Players Covered
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Arthrex, Inc.(U.S.), Breg, Inc.(U.S.),DJO Global, Inc. (U.S.), Medtronic (U.S.), CONMED Corporation (U.S.), GE Healthcare (U.S.), Nephew plc (U.S.), Smith & Nephew (Germany), DePuy Synthes (U.S.), Stryker (U.S.),Zimmer Biomet Holdings Inc. (U.S.)
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Market Opportunities
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Market Definition
Sports medicine refers to a branch of healthcare that generally deals with improving people’s athletic performance. These products assist patients in recovering from injuries and prevent future injuries. Sports medicine have recently gained a lot of attention among all the other healthcare fields. It refers to medical specialists and allied health professionals who work in the realm of sport, such as physiotherapists, podiatrists, athletic trainers, and exercise physiologists.
U.S. Sports Medicine Market Dynamics
Drivers
- Rising number of sports enthusiasts
Every country strives to excel in the field of sports. The concerned authorities including the government make extensive investments to enhance their sports infrastructure. Tournaments on both domestic and international levels are held frequently. Athletes are provided with the required training along with other amenities so that they can concentrate on their game. This has also increased the demand for sports medicine to ensure the wellbeing of sportspersons.
According to the latest estimates provided by the CDC, in 2020, about 54.1% of children in the age group of 6-17 years participated in sporting activities in the U.S.
The high participation rate of children in sports, coupled with an increase in the number of injuries, is creating significant demand for sports medicine products.
- Increasing sports based injuries
Many sports require strenuous physical labour. Even Some lead to serious injuries including ligament tears, fractures, and many more. Certain athletes also get diagnosed with sports-triggered ailments which require immediate and long-term treatment. Therefore, sports medicines that are specifically tailored for the health needs of athletes are gaining immense traction which is expected to contribute to market growth.
According to statistics provided by Stanford Medicine Children’s Health, around 3.5 million injuries in the age group of 14 years or less are reported in the U.S. every year.
Opportunities
Furthermore, the growing participation of youngsters in sports and the rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. Additionally, the rise in awareness has accelerated the adoption of telemedicine and remote monitoring technologies in healthcare, including sports medicine. This has revolutionized the use of virtual care solutions in the sports sector. Remote consultations, virtual rehabilitation programs, and remote monitoring of athletes' progress and vital signs can provide convenient and accessible care. This has created an upward trend in this market and will further expand the market's growth rate in the future.
Restraints/Challenges
On the other hand, the high cost of orthopaedic implants are expected to challenge the market. Therefore, as of now there are no proper medical research guidelines on the same. This has made it difficult for the participants of this industry to conduct proper R&D activities on this same. These factors are projected to challenge the market in the forecast period of 2023-2030.
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.
Recent Development
- In December 2022, Stryker introduced Citrefix, a suture anchor system for foot & ankle surgeries that utilizes the company’s Citregen material, which is designed to mimic the chemistry and structure of native bone to support natural healing and bone regeneration
- In September 2021, Medtronic announced the acquisition of tan Spine, a company specializing in titanium spine interbody implants
- In January 2021, DJO Global announced to have acquired Trilliant Surgical, a company focused on developing innovative technologies for minimally invasive orthopedic surgery
U.S. Sports Medicine Market Scope
U.S. 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 Products
- Fracture And Ligament Repair Products
- Arthroscopy Devices
- Implants
- Prosthetic Devices
- Orthobiologics.
- Body Support And Recovery Products
- Braces And Supports
- Compression Clothing
- Physiotherapy Equipment
- Thermal Therapy
- Electrostimulation
- Other Therapies
- Accessories
Application
- Medical
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Hip and Groin Injuries
- Other Injuries
End User
- Hospitals
- Ambulatory Surgery Centres
- Physiotherapy Centres
- Clinics
U.S. Sports Medicine Market Regional Analysis/Insights
The U.S. Sports Medicine Market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.
The country covered in the sports medicine market report is U.S.
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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The U.S. Sports Medicine Market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sports medicine market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sports medicine market. The data is available for historic period 2010-2021.
Competitive Landscape and Sports Medicine Market Share Analysis
The U.S. 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 U.S. Sports Medicine Market are:
- Arthrex, Inc.(U.S.)
- Breg, Inc.(U.S.)
- DJO Global, Inc. (U.S.)
- Medtronic (U.S.)
- CONMED Corporation (U.S.)
- GE Healthcare (U.S.)
- Nephew plc (U.S.)
- Smith & Nephew (Germany)
- DePuy Synthes (U.S.)
- Stryker (U.S.)
- Zimmer Biomet Holdings Inc. (U.S.)
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