Sports medicine is a field of medical practice related to physical activity. It is the branch of medicine associated with treating and preventing physical fitness, sports, and exercise-related injuries. It focuses on the areas of athlete performance, care, and prevention. It also includes preventative measures, such as injury prevention and compensation. In addition, it also covers areas such as body assessment, body monitoring, body reconstruction, recovery, and support, and areas such as hip injuries, ankle and foot injuries, knee injuries, back and spine injuries, and shoulder injuries.
The global sports medicine market in 2021 was $6.90 billion, and by 2030 it is expected to reach $11.86 billion with a CAGR of 6.2% 2021-2030. North America had the largest market, with 39% in 2021.
COVID-19 Impact on the sports Medicine market
The sports medicine market has also been affected by the pandemic. The overall impact of COVID-19 on the market is negative. It is due to the decrease in demand for sports medicine. Demand decreased due to the severe global lockdown in 2020, which reduced the number of sporting tournaments and activities. Moreover, the market is also adversely affected by the disruptions in the supply channels of the sports medicine market. Additionally, pharmaceutical manufacturing was impacted during the first wave of the pandemic, with negative impacts in 2020. The sports medicine market rebounded in 2021 due to an increase in the number of sporting activities globally due to a surge in demand and an easing of lockdowns.
The sports medicine market is driven by the increase in sports injuries, constant innovation of new products and treatments, and rising healthcare costs. Increasing acceptance of extreme sports activities, increasing number of sports-related injuries, growing personal awareness of fitness and sports, availability of medical tools, and rapid advances in sports medicine are expected to drive the growth of the sports medicine market.
According to the National Safety Council (NSC), in 2020, Exercise with or without equipment accounted for approximately 378,000 injuries and bicycling caused 426,000 injuries. Examples include sprains, strains, fractures, joint dislocations, ankle sprain, knee and shoulder injury, tendonitis, exercise-induced asthma, heat illness, concussion, cartilage injury, musculoskeletal injuries, and soft tissue injuries of these conditions. The sports medicine sector is anticipated to grow as a result of market trends such as the rise in sports injuries, the growth of medical associations, and continued technological development.
The increasing use of devices such as fitness bands to monitor stress levels and prevent fatigue and injury problems in athletes is driving the expansion of the market. The increased sports injuries and the increasing number of people participating in fitness and sports exercise have increased the demand for sports medicine. The approach toward preventive care for sports injuries is projected to expand the market during the forecast period. In addition, increased public and private funding for targeted research increased children’s participation in sports, and increased innovation and development due to technological advances across the globe will benefit the market and are expected to create opportunities.
- By product, it is divided into accessories, body monitoring & evaluation, body support & recovery, and body reconstruction & repair items.
Body Repair and Reconstruction accounted for the largest market share of 33.1% in 2021, owing to the rising incidence of ligament tears, fractures, and demand for prostheses and orthobiologics. Increased demand for surgical equipment to treat sports injuries, including stress and fractures, also contributed to the market’s growth.
- By area of application, it is separated into back and spine injuries, ankle and foot injuries, knee and shoulder injuries, and other injuries.
In 2021, knee injuries accounted for the biggest market share for sports medicine. Knee injury affects one or more of the ligaments, tendons, cartilage, bones, and muscles that make up the knee joint. Activities like Running, football, basketball, lacrosse, and skiing have particularly violent motions that raise the risk of knee joint damage. Knee injuries can be brought on by sudden stops, turns, spins, and the stress placed on the knee joint while participating in sports.
- Based on end-user, the hospital segment is likely to hold a strong position in the sports medicine market during the forecast period.
The need for sports medicine is growing as a result of complicated procedures, diagnostic tests, and other medical treatments.
- The market for sports medicine is divided into four regions: North America, Asia-Pacific, Europe, and LAMEA.
The North American sports medicine market held a dominant position with a market share of 39% in 2021 due to its advanced medical facilities, an increase in sports injuries, and an increase in treatment procedures brought on by an increase in the number of people participating in sports. 8.6 million sports injuries are reported each year in the US, which increases the need for sports medicine devices and fuels the country’s sports medicine business.
Key players in the sports medicine market are:
- Braun Melsungen AG
- Hanger Inc.
- Johnson & Johnson
- Smith & Nephew PLC
- Novartis AG