Significant rise in sports activities over the past few years has increased the number of injury cases to a great extent which accelerated the adoption of sports medication. Integration of advanced technologies to provide minimally invasive treatment and faster recovery is poised to transform sports medicine market outlook over the forthcoming years. Prominent examples of such technological advancements are double-bundle anterior cruciate ligament (ACL) repair process, introduction to biologic solutions and computer technology that predicts the type, causes and treatment of possible injuries.  

According to a recent report by Global Market Insights, Inc., sports medicine market size is projected to surpass USD 9.5 billion by 2027.

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Growing focus of major industry players towards the development of innovative products amid the rising interest in sports and elevating demand for sports medicine solutions is making a positive impact on the overall business outlook. Citing an instance of such developments, in 2020, Arthrex expanded its sports medicine portfolio by introducing its FDA- approved SwiveLock ACL repair kit, designed especially for ACL tears. Quoting yet another instance, renowned manufacturer of innovative prosthetic technologies, Össur launched three new models of its popular Cheetah sports prosthesis in 2020 for amputee athletes participating in athletic activities like sprinting, long jumping, distance running. 

The ability of arthroscopy devices to offer highly sophisticated as well as minimally invasive treatment solutions has impelled the demand for these products in the recent years. In 2020, arthroscopy devices segment had accounted for a substantial business share of over USD 1.0 billion. Adoption of these devices has reduced the duration of hospital admission and has facilitated faster recovery as compared to open surgeries. Besides minimal incisions, advantages like lesser pain, reduced trauma and lower risk of infection are also increasing the deployment of arthroscopy equipment.

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Shoulder injuries segment, across the overall sports medicine market, is estimated to record a significant CAGR of 11.1% through 2027. These injuries are largely caused by athletic activities such as excessive, repetitive, overhead motion like swimming, tennis and pitching. This instigates the demand for effective treatment solutions and advanced devices leading to increased segmental growth. For instance, in 2021, Stryker received FDA approval for its implantable balloon spacer for treating shoulder injuries by healing the torn rotator cuffs.

Supportive government initiatives to encourage participation in sports and increasing focus on physical wellness in Asia Pacific makes the region a lucrative hub for sports medicine market. For instance, in 2021, the ministry of youth affairs and sports of India launched the Central Athlete Injury Management System (CAIMS) to streamline sports medicine and rehabilitation for athletes. It will enable the standardization of appropriate injury treatment for athletes across the country. In addition to such initiatives, increasing research activities across sports medicine companies is also supporting the growth of regional market. Reportedly, Asia Pacific sports medicine market is estimated to observe a notable CAGR of 12.4% through 2027.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Sports medicine industry 3600 synopsis

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Injury type trends

2.1.4    Regional trends

Chapter 3   Sports Medicine Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2027

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Increasing number of sports injuries globally

3.3.1.2    Technological advancements in implants

3.3.1.3    Growing demand for minimally invasive surgeries and rising number of sports medical centers

3.3.1.4    Increasing awareness regarding physical fitness and sports activity

3.3.2    Industry pitfalls and challenges

3.3.2.1    Dearth of trained healthcare professional in developing countries

3.3.2.2    High cost of sports medicine

3.4    Growth potential analysis

3.4.1    By product

3.4.2    By injury type

3.5    COVID-19 impact analysis

3.6    Regulatory landscape

3.7    Porter’s analysis

3.8    Competitive landscape, 2020

3.9    PESTEL analysis

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