According to IMARC Group, The global sports medicine market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77% during 2023-2028.
Sports medicine, also called as sports and exercise medicine (SEM), represents an area of medical practice that is concerned with preventing, diagnosing, and treating activities or exercise-related injuries. Its main objective is to aid game enthusiasts in exercising safely and effectively to achieve their training goals. Usually, sports medicine providers are equipped with specialized coaching to assist patients in maximizing function and minimizing disability. In addition, they treat numerous physical conditions, including acute traumas, such as strains, sprains, fractures, and dislocations, and chronic overuse injuries, including tendonitis, degenerative diseases, and overtraining syndrome.
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The escalating demand for the area of medical practice, on account of the altering lifestyles of individuals and the increasing incidences of game injuries across the globe, is among the key factors stimulating the sports medicine market. Moreover, the rising number of consumers who are choosing these activities as a career, owing to the presence of several opportunities, such as scholarships and corporate funding, and the development of sports infrastructure are acting as significant growth-inducing factors. Besides this, the elevating demand for minimally invasive surgeries is also propelling the market growth. Furthermore, the growing smoking rates, sedentary lifestyles, the widespread adoption of fast food, and the over-consumption of alcohol in both developed and emerging economies have led to inflating cases of life-threatening diseases over the years, which are positively influencing the global market. Apart from this, the increasing awareness about these disorders encourages the masses to engage in different game activities to maintain their well-being and fitness, thereby anticipated to fuel the sports medicine market over the forecasted period.
Top 14 Sports Medicine Companies in the World
- Arthrex
- Smith & Nephew PLC
- Medtronic PLC
- Wright Medical Group
- Bioventus LLC
- Stryker Corporation
- Mueller Sports Medicine
- RTI Surgical Holdings
- Breg
- Conmed Corporation
- Performance Health International Limited
- Bauerfeind AG
- KARL STORZ Gmbh & Co. kg
- Zimmer Biomet Holdings
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