This Frost & Sullivan analysis covers innovative devices propelling industry growth as well as market trends and emerging business models that will dominate the sports medicine sector. It highlights the dominating solutions in the sports medicine devices industry, including body reconstruction and body support and recovery devices, as well as companies’ business models and recent advances to meet present-day challenges.
The geographic scope comprises North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Frost & Sullivan foresees a favorable environment for college athletics and sports, with a better focus on athlete wellbeing, support for injuries, and more scholarships for student-athletes. Meanwhile, outpatient sites are increasingly preferred thanks to their reduced risk of infection and being more intimate than the hospital, giving patients a greater sense of personalized care and connection with their care team.
Technology is improving sports injury prevention and recovery. As a result, it is a key factor driving the growth of sports medicine, with advancements such as 3D printed implants and computer-aided design programs. These aid in speeding up recovery and effective customized prosthesis making. Other new-age technologies will significantly change business and commercial models in sports. For instance, generative AI will drive industry growth with its likely shift from fan data to a more demanding setting for college sports data.
This analysis provides an in-depth examination of market sizes, trends, competitive landscape, future market outlook by region, and growth opportunities. It focuses on technology, connectivity, and new pathways for sports medicine. The competitive analysis includes company market share for sports medicine devices as well as market sizing analysis that covers historical and forecast revenue and volume data by region and segment. The study period is 2020–2028, with forecasts starting in 2024.
Author: Bejoy Daniel
Revenue forecast
The revenue estimate for the base year 2023 is $7.82 billion, with a CAGR of 7.6% for the study period 2021–2030
The Impact of the Top 3 Strategic Imperatives on the Sports Medicine Industry
Disruptive Technologies
Why
- Smart implant players have developed new sensing technologies, such as load, temperature, and electrochemical sensors, which enable the implants to effectively monitor force, axial load, and temperature and analyze the concentration of pH, oxygen, and other elements.
- Applications for these sensing technologies include bone ingrowth measurements; knee, hip, and shoulder arthroplasties; fracture healing measurements; peri-implantitis detection; brain dopamine level tracking; and chronic disease monitoring.
Frost Perspective
- Market participants will partner with technology companies to use their expertise and knowledge to accelerate product development and improve the devices’ functionality.
- Robust government grants and investor funding will encourage many start-ups to enter the market in the next 3 years, increasing competition in the sports medicine space.
Transformative Megatrends
Why
- Consumers demand treatment options that quickly help them regain mobility and return to active and normal activities. These treatment options include technologies that help them undergo surgical procedures with minimal trauma and time in the hospital.
Frost Perspective
- Syntellix offers implants that can promote healing in addition to stability and reconstruction. Patients and surgeons now prefer Syntellix’s implants over titanium and traditional metal implants.
- Platelet-rich plasma (PRP) injections help stimulate healing for certain injuries and are a good alternative treatment for managing soft tissue injuries.
Innovative Business Models
Why
- Given that consumers are interacting more with technology, the demand for contactless technologies will increase because of concerns about health and hygiene as home and out-of-hospital models become the focus to ensure wellness.
- Many aspects of the healthcare journey will become inherently data-based. Hence, consumers will demand control over personal health data to manage their health and wellness and make better-informed decisions.
Frost Perspective
- Smart sensors that cater to sports will make it possible to monitor an individual’s biological functions and evaluate their recovery and sports performance. This will help identify optimal measures that improve athletic performance and make lifestyle modifications to help sportspeople become more active.
Scope of Analysis
- This is an overview of the global sports medicine market forecast through 2028.
- The study provides a detailed analysis of market trends and emerging business models that will dominate the sports medicine devices market and includes the following segments:
- Body reconstruction devices
- Body support and recovery devices
- A separate chapter analyzes the body reconstruction device segments, including sports prosthetics, sports medicine implants, and arthroscopy.
- The analysis discusses evolving trends in sports medicine related to digital therapeutics, AI for predictive analysis, and top sports medicine start-ups and companies.
- This examination covers market sizes, competitive landscapes, market challenges, market drivers, trends, and growth opportunities.
- Market sizes will cover historical and forecast data by segment and region.
- Market sizes and forecasts will include hospitals and out-of-hospital settings, such as ambulatory settings and physiotherapy centers.
- The study does not cover other devices, such as robotic devices, that minimally invasive surgeries (MISs) use.
| Scope | |
| Geographic Coverage | Global |
| Study Period | 2020–2028 |
| Base Year | 2023 |
| Forecast Period | 2024–2028 |
| Monetary Unit | US dollar |
Competitive Environment
| Number of Competitors | Approximately 180 |
| Competitive Factors | Cost, performance, schedule, support, technology, reliability, contractor relationships, and customer relationships |
| Key End-user Industry Verticals | Hospitals, ASCs, and physiotherapy clinics |
| Leading Competitors | Arthrex, Smith & Nephew, Stryker, DePuy Mitek, Össur, and Ottobock |
| Revenue Share of Top 4 Competitors (2023) | 60% |
| Other Notable Competitors | ALCARE, Breg, BSN Medical, CONMED, Enovis, Karl Storz, Orthomed, Zimmer Biomet, and Richard Wolf |
| Distribution Structure | Original equipment manufacturers (OEMs), retail sales, and direct sales |
| Notable Mergers and Acquisitions (M&As) |
|
Key Competitors
Body Reconstruction Devices
- Active Implants
- ALEDA
- Akino Medical
- Arthrex
- BioDapt
- Blatchford
- CONMED
- DePuy Mitek (J&J)
- Enovis
- Fillauer
- Karl Storz
- Katsan Medical Devices
- Medacta International
- NUsurface
- Orthomed
- Össur (Embla Medical)
- Ottobock
- SAI (South American Implants)
- SBM SAS (Science and Biomaterials)
- Smith & Nephew
- Stryker
- WL Gore
- Wright Medical Group
- Zimmer Biomet
Body Support and Recovery
- 3M
- ALCARE
- Bauerfeind AG
- Breg
- BSN Medical
- Enovis
- Mueller
- Össur (Embla Medical)
- Ottobock
- Zimmer Biomet
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Sports Medicine Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Key Competitors
Competitive Landscape
Competitive Landscape (continued)
Competitive Landscape (continued)
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Forecast Assumptions (continued)
Revenue and Unit Shipment Forecast
Revenue Forecast by Product
Unit Shipment Forecast by Product
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue Forecast by End User
Unit Shipment Forecast by End User
Forecast Analysis
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Sports Medicine—Increasing Attention in Research
Sports Medicine—Statistics on Sports Injuries
Global Trends—Sports Medicine Industry
Shift in Procedures to Efficient Care Settings
Analysis of Sports Injury Trends
Top Market Trends Driving the Sports Medicine Devices Market
Top Market Trends—Evolving Customers in Sports Medicine
Top Market Trends—Evolving Customers in Sports Medicine (continued)
Top Market Trends—Understanding Gender Differences in Customers
Top Market Trends—Services as a Solution
Top Market Trends—Technology Development in Absorbable Implants
Patient Care Pathway
New Business Models
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue Forecast by Product
Unit Shipment Forecast by Product
Revenue Forecast by End User
Unit Shipment Forecast by End User
Forecast Analysis
Introduction to Sports Prosthetic Devices
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue Forecast by Product Subsegment
Unit Shipment Forecast Product Subsegment
Forecast Analysis
Forecast Analysis (continued)
Competitive Landscape
Competitive Landscape (continued)
Competitive Landscape (continued)
Introduction to Sports Medicine Implants
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue Forecast by Product Subsegment
Unit Shipment Forecast by Product Subsegment
Forecast Analysis
Forecast Analysis (continued)
Top Market Trends—Technology Development in Absorbable Implants
Top Market Trends—Technology Development in Absorbable Implants (continued)
Top Market Trends—Technology Development in Absorbable Implants (continued)
Competitive Landscape
Competitive Landscape (continued)
Introduction to Arthroscopy in Sports Medicine
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Forecast Analysis
Competitive Landscape
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue Forecast by Product
Unit Shipment Forecast by Product
Revenue Forecast by End User
Unit Shipment Forecast by End User
Forecast Analysis
Competitive Landscape
3D Printing’s Increasing Role in Sports Medicine
3D Printing: Opportunity Analysis in the Sports Medicine Market
Smart Surgeries in Sports Medicine
Smart Surgeries: Opportunity Analysis in the Sports Medicine Market
Smart Sensors in Sports Medicine
Smart Sensor: Opportunity Analysis in Sports Medicine Market
Regenerative Medicine in Sports Medicine
Regenerative Medicine: Opportunity Analysis in Sports Medicine Market
New Launches in the Sports Medicine Industry
New Launches in the Sports Medicine Industry (continued)
New Launches in the Sports Medicine Industry (continued)
Big Data in Sports Medicine: Scaling with Innovation
Athlete Management in Sports Medicine
Growth Opportunity 1: Data-driven Patient-risk Stratification
Growth Opportunity 1: Data-driven Patient-risk Stratification (continued)
Growth Opportunity 2: Improving Athletes' and Sports Players' Longevity
Growth Opportunity 2: Improving Athletes' and Sports Players' Longevity (continued)
Growth Opportunity 3: Business Models for Favorable Reimbursements
Growth Opportunity 3: Business Models for Favorable Reimbursements (continued)
Growth Opportunity 4: Identifying Diversity for Better Outcomes
Growth Opportunity 4: Identifying Diversity for Better Outcomes (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
This Frost & Sullivan analysis covers innovative devices propelling industry growth as well as market trends and emerging business models that will dominate the sports medicine sector. It highlights the dominating solutions in the sports medicine devices industry, including body reconstruction and body support and recovery devices, as well as companies business models and recent advances to meet present-day challenges.
The geographic scope comprises North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Frost & Sullivan foresees a favorable environment for college athletics and sports, with a better focus on athlete wellbeing, support for injuries, and more scholarships for student-athletes. Meanwhile, outpatient sites are increasingly preferred thanks to their reduced risk of infection and being more intimate than the hospital, giving patients a greater sense of personalized care and connection with their care team.
Technology is improving sports injury prevention and recovery. As a result, it is a key factor driving the growth of sports medicine, with advancements such as 3D printed implants and computer-aided design programs. These aid in speeding up recovery and effective customized prosthesis making. Other new-age technologies will significantly change business and commercial models in sports. For instance, generative AI will drive industry growth with its likely shift from fan data to a more demanding setting for college sports data.
This analysis provides an in-depth examination of market sizes, trends, competitive landscape, future market outlook by region, and growth opportunities. It focuses on technology, connectivity, and new pathways for sports medicine. The competitive analysis includes company market share for sports medicine devices as well as market sizing analysis that covers historical and forecast revenue and volume data by region and segment. The study period is 2020 2028, with forecasts starting in 2024.
Author: Bejoy Daniel
| Deliverable Type | Market Research |
|---|---|
| Author | Bejoy Daniel |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Sports Medicine Forecast |
| Keyword 2 | Global Sports Industry |
| Keyword 3 | Sports Medicine Opportunities |
| Podcast | No |
| WIP Number | K9E4-01-00-00-00 |
Global Sports Medicine Industry, Forecast to 2028
Global Sports Medicine Industry, Forecast to 2028
Medical Advancements in Treating, Diagnosing, and Preventing Injuries Creates Growth Opportunities
RELEASE DATE
11-Jun-2024
11-Jun-2024
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: K9E4-01-00-00-00
SKU: HC_2024_797
$4,950.00
In stock
SKU
HC_2024_797