Market Size of North America Sports Medicine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Sports Medicine Market Analysis
The North America sports medicine market is expected to register a CAGR of 7.9% during the forecast period.
COVID-19 pandemic has had a substantial impact on the sports medicine market initially. For instance, According to the National Safety Council, in 2021, it has been stated by the Consumer Product Safety Commission (CPSC) that in the first seven months of the COVID-19 pandemic, amid the majority of shelter-in-place restrictions, visits to emergency departments for consumer product-related injuries fell by 24%. However, the market is getting back to its original shape due to increasing sports activities that increase the need for medicine in case of injuries and treatment. For instance According to the National Center for Biotechnology Information, published in 2023, titled "Impact of the COVID-19 Pandemic on Sports Medicine Patient Care", it has been stated that the COVID-19 pandemic has necessitated new practices in sports medicine patient care. Telehealth has been validated as a reliable tool for consultations and physical examinations and increases access to care in a cost-efficient manner. Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market is expected to gain traction due to the significant increase in the use of sports medicine.
Further, the rising burden of sports injuries, consistent innovation of new products and treatment modalities, and rising demand for minimally invasive surgeries are among the major factors driving the growth of the studied market. For instance, as per the research study titled 'Sports participation and injury rates in high school students: A Canadian survey of 2029 adolescents' published in July 2021, 889 participants out of 1,971 reported at least one injury during the past year with an incidence rate of about 45.10 per 100 students per year and concluded that incidence rate of the injuries due to sports and recreation activities was high in high school students with 29% of adolescents reporting at least one medical attention injury within the past year.
Additionally, in August 2021, Johnson & Johnson Medical Device company announced that DePuy Synthes, the orthopaedic company of Johnson & Johnson, will feature new products and technology solutions including sports medicine, shaping new standards of care for modern day orthopaedic during the American Academy of Orthopaedic Surgeons (AAOS) annual meeting in San Diego. Such developments are leading to wider adoption of sports medicine across the region.
Moreover, In February 2021, Nexus Spine a company based in United States launched its PressOn patient-specific fixation system for stabilizing the human spine and its Tranquil flexible titanium device for interbody fusion. Thereby, such developments in the region are going to elevate the growth of the market.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, high cost of implants and devices, and dearth of proper sports ecosystem is likely to impede the market growth.
