North America Sports Medicine Market Size By Product (Arthroscopy Devices, Implants), By Procedure (Knee Arthroscopy, Hip Arthroscopy), By Application (Knee, Hip), By End-User (Hospitals, Orthopedic Clinics), Size and Forecast
Report ID: 467924|No. of Pages: 203
North America Sports Medicine Market Size By Product (Arthroscopy Devices, Implants), By Procedure (Knee Arthroscopy, Hip Arthroscopy), By Application (Knee, Hip), By End-User (Hospitals, Orthopedic Clinics), Size and Forecast
North America Sports Medicine Market Size And Forecast
North America Sports Medicine Market size was valued at USD 3.90 Billion in 2024 and is projected to reach USD 7.43 Billion by 2031, growing at a CAGR of 8.4% from 2024 to 2031.
- Sports medicine is a specialized field dedicated to the prevention, diagnosis, and treatment of injuries and illnesses related to athletic activities.
- It encompasses a wide range of medical services, including physical examinations, injury diagnosis, treatment plans, rehabilitation programs, and performance enhancement strategies.
- Sports medicine professionals work closely with athletes of all levels, from recreational enthusiasts to elite competitors, to help them maintain optimal physical health and performance.
- By combining medical expertise with a deep understanding of sports science, sports medicine practitioners play a crucial role in helping athletes recover from injuries, improve their athletic performance, and prevent future injuries.
- They employ a variety of techniques and treatments, such as physical therapy, medication, surgery, and nutrition counseling, to address the unique needs of each athlete.
- Sports medicine is not only focused on treating injuries but also on promoting overall health and well-being.
- By providing guidance on proper training techniques, injury prevention strategies, and nutrition, sports medicine professionals help athletes optimize their performance and reduce their risk of injury.
North America Sports Medicine Market Dynamics
The key market dynamics that are shaping the North America sports medicine market include:
Key Market Drivers
- Rising Consumer Demand for Food Safety: Increasing participation in sports has amplified injury rates, driving demand for treatment solutions. In 2023, U.S. hospital emergency rooms treated over 450,000 sports-related injuries, as reported by the Consumer Product Safety Commission (CPSC). This highlights the growing need for advanced sports medicine technologies to address these injuries?.
- Technological Advancements in Arthroscopy: Innovations in arthroscopic techniques are boosting the market. In 2023, Stryker’s introduction of its next-generation arthroscopy systems highlights the focus on minimally invasive surgeries, which are gaining popularity for reducing recovery times and enhancing patient outcomes.
- Rising Prevalence of Obesity: Obesity-related musculoskeletal disorders are contributing to the growth of sports medicine. The U.S. CDC reported a 41.9% adult obesity rate in 2022, which increases the risk of sports injuries and the need for orthopedic interventions?.?
- Private Sector Investments in R&D: Major companies are expanding their portfolios with significant R&D investments. For instance, in 2023, Smith+Nephew’s acquisition of cartilage repair startup CariHeal highlights the commitment to advancing innovative solutions for sports injury management?.
Key Challenges:
- Hindering High Cost of Treatment and Procedures: One of the primary challenges facing the North American sports medicine market is the high cost of treatments and procedures. Advanced surgical techniques, specialized equipment, and extended rehabilitation programs can be expensive, making them inaccessible to many individuals, particularly those without comprehensive insurance coverage.
- Hampering Limited Reimbursement for Sports-Related Injuries: Many health insurance plans in North America have limited coverage for sports-related injuries, particularly for recreational athletes. This can lead to significant out-of-pocket expenses for individuals seeking treatment.
- Challenging Shortage of Specialized Healthcare Professionals: The demand for qualified sports medicine specialists, including orthopedic surgeons, physical therapists, and athletic trainers, is increasing significantly. However, there is a shortage of these professionals in many regions, particularly in rural areas.
- Obstructing Regulatory Hurdles and Intellectual Property Challenges: The development and commercialization of new sports medicine technologies and treatments can be hindered by complex regulatory processes and intellectual property challenges. Obtaining regulatory approvals for innovative devices and therapies can be time-consuming and costly.
Key Trends
- Growth in Regenerative Medicine: Regenerative therapies, including platelet-rich plasma (PRP) and stem cell treatments, are gaining popularity as alternatives to surgeries. These therapies saw a 12% increase in adoption rates in the U.S. in 2023. Smith+Nephew’s acquisition of PRP technologies in 2023 highlights the industry’s focus on advancing tissue repair and recovery?.
- Expansion of Wearable Technology: Wearable devices for real-time health monitoring and injury prevention are surging in popularity. Companies like Zimmer Biomet are launching wearable solutions that integrate with mobile apps to enhance recovery tracking.
- Increasing Focus on Pediatric Sports Medicine: The rise in youth sports participation has led to higher demand for specialized pediatric sports medicine. In 2023, pediatric sports injuries accounted for 15% of all sports-related emergency room visits in the U.S., according to CDC data. Organizations like Arthrex are developing age-appropriate medical devices to address this growing segment?.
- Market Consolidation and Strategic Alliances: Mergers and partnerships are shaping the competitive landscape. In 2023, Enovis acquired Novastep, broadening its portfolio in lower extremity sports medicine. Such collaborations allow companies to pool expertise and expand their market presence, particularly in underserved areas.
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North America Sports Medicine Market Regional Analysis
Here is a more detailed regional analysis of the North America sports medicine market:
- The North America sports medicine market is experiencing robust growth, driven by the increasing sports participation, innovations in the treatment methods, and the growing awareness of injury prevention.
- Body reconstruction and repair products remain the largest segment, fueled by high healthcare spending and the rising prevalence of sports injuries among youth and professionals.
- Key players such as Smith+Nephew and Stryker are advancing the market with strategic acquisitions and partnerships.
- For instance, in 2023, Smith+Nephew’s acquisition of CariHeal enhanced its cartilage repair offerings, aligning with the increasing demand for minimally invasive solutions. Similarly, Stryker’s focus on orthopedic portfolio expansion underscores the industry’s emphasis on innovation.
- Technological advancements are shaping the landscape, with digital health integration, such as wearable devices and telemedicine, playing a significant role.
- Regenerative therapies like PRP injections and stem cell treatments are also gaining traction, offering non-invasive alternatives to traditional surgeries. This combination of innovation and demand positions the region for continued growth.
North America Sports Medicine Market: Segmentation Analysis
The North America Sports Medicine Market is segmented based on By Product, By Procedure, By Application, By End-User.
Sports Medicine Market, By Product
- Body Reconstruction
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Implants
- Body Support and Recovery
- Others
Based on Product, the North America Sports Medicine Market is bifurcated into Body Reconstruction, Fracture and Ligament Repair Products, Arthroscopy Devices, Implants, Others. The implants segment is dominating the North America sports medicine market, due to the increasing prevalence of degenerative joint diseases, sports injuries, and trauma, coupled with advancements in implant technology. However, the arthroscopy devices segment is experiencing rapid growth, due to the increasing adoption of arthroscopic procedures, driven by their superior outcomes and reduced invasiveness.
Sports Medicine Market, By Procedure
- Knee Arthroscopy
- Hip Arthroscopy
- Shoulder and Elbow Arthroscopy
- Foot and Ankle Arthroscopy
- Hand and Wrist Arthroscopy
- Others
Based on Procedure, the North America Sports Medicine Market is bifurcated into Knee Arthroscopy, Hip Arthroscopy, Shoulder and Elbow Arthroscopy, Foot and Ankle Arthroscopy, Hand and Wrist Arthroscopy, Others. The knee arthroscopy procedures segment is dominating the North America sports medicine market, as it offers a minimally invasive approach to diagnose and treat these conditions, reducing recovery time and improving patient outcomes. However, the shoulder and elbow arthroscopy procedures segment is experiencing rapid growth. These techniques are increasingly being used to treat conditions like rotator cuff tears, labral tears, and tennis elbow.
Sports Medicine Market, By Application
- Knee
- Shoulder
- Foot and Ankle
- Hip and Groin
- Elbow and Wrist
- Back and Spine
- Others
Based on Application, the North America Sports Medicine Market is bifurcated into Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine, Other Injuries. The knee segment is dominating the North America sports medicine market, driven by the increasing popularity of sports like running and basketball, as well as the aging population. However, the shoulder segment is experiencing rapid growth, propelled by the increasing participation in overhead sports, such as tennis and swimming, is leading to a rise in shoulder injuries, particularly rotator cuff tears and impingement syndrome.
Sports Medicine Market, By End-User
- Hospitals
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
- Others
Based on End-User, the North America Sports Medicine Market is bifurcated into Hospitals, Orthopedic Specialty Clinics, Fitness and Training Centers, Ambulatory Surgical Centers (ASCs), Others. The hospitals segment is dominating the North America sports medicine market, due to their comprehensive infrastructure, experienced specialists, and advanced diagnostic and treatment capabilities. However, the ambulatory surgical centers segment is experiencing rapid growth, driven by factors such as cost-efficiency, shorter recovery times, and a focus on minimally invasive procedures.
Key Players
The “North America Sports Medicine Market” study report will provide valuable insight with an emphasis on the North America market. The major players in the market are Arthrex, Inc, Stryker, Breg Inc., DJO LLC, Mueller Sports Medicine, Inc, Wright Medical Group N.V., RTI Surgical, Performance Health, Med Shape, Cramer Products, among others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
North America Sports Medicine Market Key Developments
- In February 2024, Tyber Medical LLC has announced that its anatomical plating system has received regulatory approval from Health Canada. This approval follows the previous FDA 510(k) clearance in the United States and expands the availability of the comprehensive portfolio to Canadian healthcare providers.
- In January 2023, Zimmer Biomet has acquired Embody Inc., a company specializing in soft tissue healing solutions. This acquisition will enhance Zimmer Biomet’s capabilities in the sports medicine field.
- In February 2022, DJO Global has extended its strategic partnership with the Professional Football Athletic Trainers Society (PFATS). This renewed collaboration solidifies the commitment of both organizations to advancing the field of sports medicine.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Arthrex, Inc, Stryker, Breg Inc., DJO LLC, Mueller Sports Medicine, Inc, Wright Medical Group N.V., RTI Surgical, Performance Health, Med Shape, Cramer Products, among others. |
| SEGMENTS COVERED | By Product, By Procedure, By Application, By End-User. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. North America Sports Medicine Market, By Product
• Body Reconstruction
• Fracture and Ligament Repair Products
• Arthroscopy Devices
• Implants
• Body Support and Recovery
• Others
5. North America Sports Medicine Market, By Procedure
• Knee Arthroscopy
• Hip Arthroscopy
• Shoulder and Elbow Arthroscopy
• Foot and Ankle Arthroscopy
• Hand and Wrist Arthroscopy
• Others
6. North America Sports Medicine Market, By Application
• Knee
• Shoulder
• Foot and Ankle
• Hip and Groin
• Elbow and Wrist
• Back and Spine
• Others
7. North America Sports Medicine Market, By End-User
• Hospitals
• Orthopedic Specialty Clinics
• Fitness and Training Centers
• Ambulatory Surgical Centers (ASCs)
• Others
8. Regional Analysis
• North America
9. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
10. Competitive Landscape
• Key Players
• Market Share Analysis
11. Company Profiles
• Arthrex, Inc
• Stryker
• Breg Inc
• DJO LLC
• Mueller Sports Medicine, Inc
• Wright Medical Group N.V
• RTI Surgical
• Performance Health
• Med Shape
• Cramer Products
12. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
13. Appendix
• List of Abbreviations
• Sources and References
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Industry Analysis Matrix
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