Sports Medicine Devices Market

Sports medicine is a branch of healthcare which deals with the prevention, treatment, and rehabilitation of injuries or medical conditions affecting athletes and physically active people. It involves promoting health and fitness, preventing disease and injury, healing injuries from sports or exercise, and enhancing athletic performance. Sports medicine continues to be an important field given the growing emphasis on health, fitness, and recreational sports across the world. With increasing health awareness and growing participation in recreational activities, more people are engaging in sports and exercise which has fueled the demand for sports medicine devices and technologies to deal with associated injuries and problems.

Market Dynamics:

The global sports medicine devices market is driven by the rising incidence of sports injuries, increasing participation in various sports and recreational activities, growing awareness about physical fitness, and technological advancements leading to the development of innovative products. Moreover, the launch of innovative products by key market players is further anticipated to bolster the market growth over the forecasted period. For instance, in January 2022, Fuse Medical, Inc., an emerging manufacturer and distributor of innovative medical devices for the orthopedic and spine markets, announced the addition of the Galen Medial and Galen XT Suture Anchors, the Kopis Knotless Anchor, and the Vida Interference Screws to its orthopedic and sports medicine product offerings.

However, high cost of advanced sports medicine devices remains a key restraint for the market. Meanwhile, emerging markets present significant growth opportunities for players as they offer ample scope for raising awareness, penetration, and adoption. Growth prospects also exist in application areas, such as knee injuries, shoulder injuries, and ankle/foot injuries, which have high incidence rates in various contact and non-contact sports.

Key Features of the Study:

• This report provides an in-depth analysis of the global sports medicine devices market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global sports medicine devices market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include 3M Company, Arthrex, Inc., ArthroCare Corporation, Biomet, Inc., BREG, Inc., Conmed Corporation, DePuy Mitek, Inc., DJO Global, Inc., Mueller Sports Medicine, Inc., Ossur hf, and OttoBock Healthcare GmbH
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global sports medicine devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sports medicine devices market

Sports Medicine Devices Market Detailed Segmentation:

• By Product Type:
  • Orthopedic Products
  • Recovery Products
  • Support Products
  • Braces & Support Products
  • Physiotherapy Equipment
  • Others
• By Application:
  • Knee Injuries
  • Shoulder Injuries
  • Foot & Ankle Injuries
  • Elbow & Wrist Injuries
  • Back & Spine Injuries
  • Others
• By End User:
  • Hospitals
  • Physiotherapy Centers
  • Sports Franchises & Teams
  • Ambulatory Surgery Centers
  • Others (Wellness & Fitness Centers, among others)
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles:
  • 3M Company
  • Arthrex, Inc.
  • ArthroCare Corporation
  • Biomet, Inc.
  • BREG, Inc.
  • Conmed Corporation
  • DePuy Mitek, Inc.
  • DJO Global, Inc.
  • Mueller Sports Medicine, Inc.
  • Ossur hf
  • OttoBock Healthcare GmbH