Global Sports Medicine Market: Future of Sports Medicine and Physiotherapy in Healthcare

Sports Medicine Market

Growth in the sports medicine analysis market can be attributed to factors such as the increasing incidence of sports injuries, continuous influx of new products & treatment modalities, and developments in the field of regenerative medicine. On the other hand, the high cost of implants and other devices and the dearth of skilled professionals are expected to limit market growth.

Factors such as the rising popularity of sports and physical activity, increasing awareness regarding the prevention & treatment of sports injuries, and growing investments in sports medicine are driving the North American market.

How much is the Sports Medicine Market worth ?

The sports medicine market is expected to grow from USD 6.6 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 6.5% during the forecast period. Asia Pacific is the fastest growing market majorly due to the growth of the sports industry and overall participation. Sporting events such as the 2008 Beijing Olympics, 2018 Winter Olympics in Korea, and the upcoming 2020 Summer Olympics in Japan have increased the level of interest in sports in Asia.

Sports Medicine Market

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Which application segment will dominate the sports medicine market in the next five years ?

Sports medicine market is segmented into body reconstruction products (fracture & ligament repair products, arthroscopy devices, implants, prosthetics, orthobiologics), body support & recovery products (braces & support, physiotherapy equipment, and compression clothing), and accessories.

The body support & recovery products segment is expected to witness the fastest growth during the forecast period. Products such as braces, supports, and physiotherapy equipment are required before and after procedures involving reconstruction. Thus, the demand for these devices is growing due to the increasing number of sports injuries globally.

Sports medicine is widely used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of athletes. The sports medicine applications market is segmented into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, back & spine, hip & groin, and other injuries.

The knee injuries segment held the largest share of the market in 2018, a trend that is expected to continue during the forecast period. The large share of this segment can be attributed to the fact that a large number of knee injuries are recorded across major sports, globally, accounting for approximately 40% of all injuries due to sports.

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The growth of the global market for sports medicine is primarily influenced by the following factors:

• Increasing Incidence of Sports Injuries
• Continuous Influx of New Products and Treatment Modalities
• Developments in the Field of Regenerative Medicine

What are the upcoming technologies in the sports medicine market ?

3D printing has emerged as a major technology in recent years, and the 3D printing of implants is expected to have a significant impact in the orthopedics field. This is because 3D-printed implants have various advantages, such as customizations as per patient requirements, lower cost (as compared to commercially available implants), lower level of toxicity and higher level of acceptance in patients, and efficient and quick production. For instance, a 2018 article in BioMed Research International reports that 3D printing of PEEK (polyetheretherketone) to fabricate patient-specific implants (PSI) using the fused filament fabrication (FFF) technology allows the construction of almost any complex design geometry, which cannot be manufactured using other technologies. As FFF is a low-cost technique with a short start-up time, it provides major advantages over other manufacturing techniques.

Few of the recent developments in the 3D printing of implants have been mentioned below:

  • In May 2019, Kwambio (a Ukraine-based ceramic 3D printing service provider) in collaboration with WeFund Ventures (a European investment firm) launched a 3D bioprinting project called ADAM. This joint initiative aims at developing an end-to-end 3D scanning and 3D printing process for the production of artificial bones.
  • In February 2019, Tangible Solutions, US-based contract 3D-printed implant manufacturer, expanded its facility in Fairborn, Ohio, to a fully functional 25,000 sq. ft. 3D printing facility. The company specializes in the production of 3D printed spinal implants and in the design and production of orthopedic devices.
  • In April 2017, Duke University (US) developed a cartilage from 3D-printed hydrogel, which can be used in humans for knee implants.
  • In May 2016, Johnson & Johnson and Hewlett-Packard Company (US) announced a collaboration to manufacture personalized and customized 3D-printed products. The 3D-printed products business will include sports equipment as they can be customized according to the user’s body. 

Geographical Region Covered

Sports Medicine Market

Factors such as the rising popularity of sports and physical activity, increasing awareness regarding the prevention & treatment of sports injuries, and growing investments in sports medicine are driving the North American sports medicine market. Asia Pacific is the fastest growing market majorly due to the growth of the sports industry and overall participation. Sporting events such as the 2008 Beijing Olympics, 2018 Winter Olympics in Korea, and the upcoming 2020 Summer Olympics in Japan have increased the level of interest in sports in Asia.

Leading Companies of Sports Medicine Market

The major players operating in the sports medicine market include Arthrex, Inc (US), Smith & Nephew plc (UK), and Stryker Corporation (US). Other players involved in this market include Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US).

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