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Market Value | Market Volume | Epidemiology | Clinical Trials | Patent Landscape | Regulatory Approvals

Global Sports Medicine Products Market $8.8 Billion by 2031

The global market for sports medicine products estimated to reach $8.8 billion by 2031, growing steadily at a CAGR of 3.8% over the forecast period, driven by growing healthcare awareness, and easy availability of sports recovery devices worldwide.

  • Other key market growth drivers include rising number of sports injuries around the world, an increasing number of people of all ages are participating in sports and physical activities because of fitness product and apparel promotions, as well as awareness about the availability of cost-effective treatments.
Global Sports Medicine Products Market

Some of the examples of best sports medicine products include:

  • ProChondrix Cartilage Restoration Matrix produced by AlloSource
  • AccuPass Direct Suture Passer produced by Arch Day Design and Smith and Nephew
  • CyMedica Orthopedics produced the e-Vive which features CyMotion Technology
  • Lipogems System created by Lipogems
  • Micro-Imaging Solutions created distally mounted CMOS sensors
  • Orthopedic Sciences created the Piranha Arthroscopic Shaver
  • Össur created Rebound PCL the world’s first dynamic force PCL brace
  • Stryker created the SonicAnchor
  • Topical Gear created the ACL Tube
  • ZERO1 was created by VICIS
  • Vomaris Innovations created Procellera Antimicrobial Wound Dressing with Advanced Microcurrent Technology
  • ZipLine Medical created the Zip Surgical Skin Closure

The global sports medicine devices market report provides market size ($million 2021 to 2031), market share, growth trends and forecast (CAGR%, 2024 to 2031). 

The global market for sports medicine products segmented by product [orthopedic devices (artificial joint implants, fracture repair, arthroscopy devices, prosthesis, orthobiologics), recovery and support devices (braces, performance monitoring devices, accessories and other recovery products such as cryotherapy devices, thermotherapy devices, ultrasound therapy, electrical stimulation devices), and geography.

  • Based on the broader orthopedic products category, the arthroscopy devices segment accounted for the largest revenue share of the total sports medicine devices market, and also expected to grow at the fastest rate during the next few years.
    • The global arthroscopy devices market has been driven by higher prevalence of chronic arthritis and related disorders.
      • The devices include cruciate and meniscal reconstruction systems, graft harvesting devices, tunnel preparation devices, positioning devices, bio-absorbable and metal implants and other accessories.
        • Arthroscopy surgical procedures are common in treating anterior and posterior cruciate ligament of knee, rotator cuff tear of shoulder, and other cartilage, ligament and tendon repairs.
          • For example, hip arthroscopy is gaining popularity within the field of orthopedic surgery. The development and innovation of hip-specific arthroscopic instrumentation and improved techniques has resulted in improved access to the hip joint and ability to treat various hip pathologies.
          • Similarly, there has been significant progress in ankle arthroscopic surgery over the past decades, notably allowing surgical procedures to be performed with fewer complications and with quicker return to work and play.
            • Its anticipated that expanding indications for arthroscopic ankle surgical procedures combined with further development of biomedical devices to enhance these procedures will result in improved patient outcomes in the future.
  • By recovery and support devices, the braces segment dominated the total market, followed by performance monitoring products.
    • Braces are widely used in treating the injuries of knee, shoulder, wrist, ankle, neck, and lower back. Braces functions by restricting the joint movements to avoid injuries or are employed after injuries for rehabilitation.
      • The braces stabilize the injured joint, avoid dislocation, ligament damage and assist in quick recovery.
    • Wearable performance devices and sensors are becoming more readily available to the general population and athletic teams.
      • Advances in technology have allowed individual endurance athletes, sports teams, and physicians to monitor functional movements, workloads, and biometric markers to maximize performance and minimize injury.
        • Movement sensors include pedometers, accelerometers/gyroscopes, and global positioning satellite (GPS) devices.
        • Physiologic sensors include heart rate monitors, sleep monitors, temperature sensors, and integrated sensors. 

Some of the sports medicine products recently approved include:

  • Biorez received FDA 510(k) clearance to market two sizes of the BioBrace Implant. BioBrace offers an alternative to implant materials that are either synthetic or biologic, which limits their use and effectiveness as augmentation materials in tendon and ligament repair.
  • Embody announced the expansion and clinical use cases of TAPESTRY Biointegrative Implant in the U.S.
  • Nanova Biomaterials introduced FiberFIX suture anchors and interference screws, developed using patented nanocomposite technology.
  • Hyalex Orthopaedics’ HYALEX Cartilage System was granted Breakthrough Device Designation from FDA.
  • Miach Orthopaedics commenced limited U.S. launch of the BEAR Implant in select cities for the treatment of anterior cruciate ligament (ACL) tears.
  • Active Implants’s NUsurface Meniscus Implant provides statistically superior pain relief beginning at six months compared to non-surgical therapy. NUsurface is currently marketed in Belgium, Germany, Italy, Switzerland, the UK and Israel.
  • Smith+Nephew launched its FAST-FIX FLEX Meniscal Repair System, reportedly the only device to offer a surgeon-guided, bendable needle and shaft providing access to all zones of the meniscus. Improving access leads to a greater opportunity to repair the meniscus rather than remove it, resulting in long-term benefits to the patient.
  • Stryker announced FDA clearance of InSpace, the first balloon implant for arthroscopic treatment of massive irreparable rotator cuff tears (MIRCTs). The InSpace balloon implant is designed to restore the subacromial space without requiring sutures or fixation devices and has been demonstrated to improve shoulder motion and function.

The global sports medicine devices market research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA), and Rest of the World.

  • In terms of geography, the North America and Europe regions contributed more than 70% of total market share.
    • Higher incidence of sports injuries like joint dislocation, fractures and ligament tear, spinal and extremity injuries are mostly common in the developed regions.
      • Increasing ‘active’ elderly population, popularity of extreme sports and rising prevalence of sports injuries among younger population are also the market driving factors in developed countries of the world.

The global market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major competitors operating in the global sports medicine products market and included in this report are 3M Company Ace Brand, Anthrex, Inc., ArthroCare Corporation, BREG, Inc., CONMED Corporation, DePuy Mitek, Inc. (J&J), DJO Global, Inc., Mueller Sports Medicine, Inc., Ossur hf, OttoBock Healthcare GmbH, Skins International Trading AG, Smith & Nephew PLC, Stryker Corporation, Wright Medical Technology, Inc., and Zimmer Biomet Holdings, Inc.

  • Product
    • Orthopedic Devices
      • Artificial Joint Implants
      • Fracture Repair
      • Arthroscopy Devices
      • Prosthesis
      • Orthobiologics
    • Recovery and Support Devices
      • Braces
      • Other Recovery Products
        • Cryotherapy Devices
        • Thermotherapy Devices
        • Ultrasound Therapy
        • Electrical Stimulation Devices
      • Performance Monitoring Devices
      • Accessories
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profiles
    • 3M Company Ace Brand
    • Anthrex, Inc.
    • ArthroCare Corporation
    • BREG, Inc.
    • CONMED Corporation
    • Johnson & Johnson (DePuy Mitek, Inc.)
    • DJO Global, Inc.
    • Mueller Sports Medicine, Inc.
    • Ossur hf
    • OttoBock Healthcare GmbH
    • Skins International Trading AG
    • Smith & Nephew plc
    • Stryker Corporation
    • Wright Medical Technology, Inc.
    • Zimmer Biomet Holdings, Inc. 

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