The United States Sports Medicine Market Report - Analysis on Market Size, Share, Trends and Growth Forecast (2024 to 2029)

Updated On: January, 2024
ID: 10108
Pages: 100

U.S. Sports Medicine Market Size (2023 to 2028)

The size of the United States' sports medicine market is forecasted to grow at a CAGR of 8.9% from 2023 to 2028.

Sports medicine involves physicians and surgeons, trainers and therapists, coaches, etc. They Focus on helping one to improve their athletic ability, recovery from injuries, and also prevent future injuries. It is the fastest emerging field in the healthcare system.

As the United States has an emerging economic system, sports medicine also is driven by other markets such as regenerative medicine, biopharmaceuticals, etc. The sports medicine market is the fastest-growing market cause of many reasons. One crucial factor is that the health workers who are specialized in this field help athletes and all kinds of people. Sports medicine physicians help athletes from sports injuries and also prevent future injuries. There are continuous improvements in new designs for sports products, which helped market growth. Also, an increase in the incidence of sports injuries drives the market. Shoulder injury, sprains, ligament tear, splints, and groin pull are the most common sports injuries.

Other technology and advancements, such as the 3D printing market, also improves the sports medicine market. Medical and healthcare improvements such as regenerative medicine market growth also increase sports medicine. Other factors driving market growth include awareness for sports and its demand in the world, awareness of health benefits with various sports and activities.

However, the market is fully developed in this region. The medical facilities are still poorly sourced. The government's fund sharing from the country's economy is rare for this market. And the awareness of fundraising for the same and acceptance rate is lower comparatively. Sports culture, although it is high in this region's, government healthcare plans and schemes under this market is not as good as other markets. Expensive procedures and high costs associated with infrastructure and devices is also one factor that hampered the market. Lack of skilled staff, trainers, and coaches, and trained professionals also hold market growth.

COVID-19 Impact on the sports medicine market in the United States:

COVID-19 impact was high on the sports medicine market like every other market. The sports practice and outdoor activities were not seen for a few months. The pandemic regulations like lockdown and travel ban issues have affected the growth of the market. During the lockdown, the majority of sports services and medical centers were not opened. Hence the economic growth by the sport's market is also reduced. The imports and exports for the United States for this market are on halt due to the travel ban. Hence the corresponding services of interest for the sports medicine market were poorly sourced.

Country-Level Analysis:

The United States, among North American countries, is the biggest market for sports Medicine. The United States is the leading revenue and shareholder for the sports medicine market. Owing to its healthcare and medicine, infrastructure, advancements in research, technological developments, and the introduction of new devices, the sports medicine market made it continue its growth. Rise in the number of sport medical centers, increase in active participation of people in sports, awareness of physical activity and health benefits, and increased key players and investors are the essential factors noted for the sports medicine market across the United States. 

Some of the key market players dominating the U.S. Sports Medicine Market profiled in this report are Smith & Nephew PLC, Arthrex, Inc., össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.

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