Sports Medicine Devices Market Share, Size and Growth Analysis By 2029

The global market for sports medicine devices is anticipated to reach a valuation of approximately US$ 6,094.67 million in 2022, with projections indicating an increase to US$ 9,452.72 million by 2028. This growth represents a compound annual growth rate (CAGR) of 7.6% from 2022 to 2028.

The expansion of the sports medicine devices market can be primarily attributed to several key factors, including the rising prevalence of sports-related injuries and an increasing preference for minimally invasive treatment options. Nevertheless, challenges such as the high costs associated with these devices and a shortage of qualified professionals pose significant barriers to market growth.

Sports medicine is a specialized field within healthcare that focuses on enhancing athletic performance and overall physical fitness. Devices used in sports medicine are designed to facilitate quicker recovery from injuries and to mitigate the risk of future injuries. Common injuries associated with sports and physical activities include head injuries, knee and ankle injuries, muscle spasms, sprains, strains, and torn ligaments. These devices can be categorized into those that are surgically implanted, externally attached, or utilized in minimally invasive procedures like arthroscopy. Additionally, the market includes performance monitoring devices and various accessories such as bandages, slings, and support bands. Orthopedic devices play a crucial role in preventing and treating musculoskeletal issues, including sprains, strains, fractures, ligament repairs, and injuries resulting from repetitive motions, as well as back pain related to sports activities. For athletes with physical deformities or physiological dysfunctions, prosthetic devices are available to replace, correct, or support affected body parts. Sports prostheses enable amputees to engage in sports and physical activities by mimicking the functions of limbs and other body parts.

The COVID-19 pandemic had a profound impact on healthcare systems worldwide, and the sports medicine device market was no exception. The pandemic led to the suspension or postponement of numerous sports events at various levels, including the postponement of the Tokyo 2020 Olympic and Paralympic Games to 2021. Consequently, the number of recorded sports injuries decreased during the early stages of the pandemic, resulting in a decline in demand for sports medicine devices. According to a 2021 report from the National Safety Council (NSC) in the United States, the Consumer Product Safety Commission (CPSC) noted a 24% reduction in emergency room visits for injuries related to consumer products during the first seven months of the pandemic, with the most significant drop occurring in sports-related injuries. However, as sports activities resumed, the incidence of sports-related injuries began to rise again. Thus, while the pandemic had a short-term negative effect on the growth of the sports medicine devices market, a rebound is expected as sports participation increases, particularly from late 2021 onward.

The sports medicine devices market is categorized by product type into several segments: body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. In 2022, the body reconstruction and repair segment dominated the market share. This segment focuses on specialized treatments for damaged or injured skin and tissues, enabling athletes to return to their activities as swiftly as possible. Procedures in this category often involve surgical interventions that utilize products such as autografts, allograft struts, mesh cages, cement augmentation, implants, and expandable cages. Given the benefits associated with body reconstruction and repair for sports injuries, this segment is expected to experience significant growth in the coming years. Furthermore, the body monitoring and evaluation segment is projected to achieve the highest CAGR during the forecast period.

From an application perspective, the global sports medicine devices market is divided into categories including elbow and wrist injuries, shoulder injuries, knee injuries, ankle and foot injuries, spine injuries, and others. The knee injury segment held the largest market share in 2022, while the shoulder injury segment is expected to register the highest CAGR during the forecast period.

In terms of end users, the market is segmented into hospitals and clinics, physiotherapy centers, sports centers, and ambulatory surgery centers. The hospitals and clinics segment accounted for the largest share in 2022, but the physiotherapy centers segment is projected to grow at the highest CAGR of 8.0% during the forecast period.

Key organizations and authorities that have been referenced in the preparation of the report on the global sports medicine devices market include the World Health Organization (WHO), Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), International Council of Sports Science and Physical Education (ICSSPE), International Federation of Sports Medicine (FIMS), World Federation of Athletic Training & Therapy (WFATT), Institute of Sport and Exercise Medicine (ISEM), Department of Sports and Recreation South Africa (SRSA), and the United States Olympic & Paralympic Committee (USOPC).