Global Sports Medicine Market – Industry Trends, Analysis And Growth By 2026

Sports medicine is the treatment and prevention of sports related injuries. These injuries include strain, sprain, musculoskeletal injuries, soft tissue damage joint dislocation, and fractures. Increasing participation in various sports, globally is expected to fuel adoption of sports medicine over the forecast period. The field of sports medicine has a wide variety of disciplines, from physiotherapy and orthopedics, to public health and psychiatry. It aids in enhancing the physical fitness and overall performance of the athletes.

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The global sports medicine market is expected to be valued at US$ 7,308.24 million in 2017 and is expected to witness a CAGR of 7.6% over the forecast period (2017 – 2025).

Increasing cases of bone fractures, trauma due to fall, and others, require medical intervention (orthopedics), thus, augmenting the need for sports medicine products. In 2012, according to the National Institute of Health, knee is the most commonly injured joint by adolescent athletes with an estimated 2.5 million sports-related injuries presenting to emergency departments, annually in the U.S. This number is expected to increase significantly over the forecast period. Increasing adoption of minimally invasive techniques by healthcare professionals owing to long-term benefits of this surgery is also expected to propel growth of the sports medicine market. Minimally invasive surgeries such as arthroscopy of the knees, shoulders, elbows and ankles has become the standard method for care. However, lack of skilled professionals in this field and high costs associated with the devices may hamper growth of the sports medicine market.

Major factors that propel growth of the sports medicine market is increasing number of participation in sports globally. Events such as the 2008 Beijing Olympics has led to increasing inclination of people in Asia Pacific towards sports. Additionally, growing demand for outpatient, minimally invasive surgeries are key factors contributing to growth of the sports medicine market. Athletes of all competition levels are early adopters of novel treatment methods. They are driven to find less invasive methods of injury management and faster means of returning to their sport activities. So minimally invasive and small incision replacement surgery is an evolving area with improved rehabilitation and pain management to accelerate post-surgery recovery. Furthermore, Manufacturers are focusing on introducing cost-effective and wear- reducing quality products in order to enhance their product offerings and increase market share that accelerates the demand for sports medicine devices.

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