North America Sports Medicine Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.60 Billion |
| Market Size (2029) | USD 1.8 Billion |
| CAGR (2024 - 2029) | 2.84 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Sports Medicine Market Analysis
The North America Sports Medicine Market size is estimated at USD 3.60 billion in 2024, and is expected to reach USD 1.8 billion by 2029, growing at a CAGR of 2.84% during the forecast period (2024-2029).
The incidence of sports-related injuries such as knee injuries, tendon injuries, and fractures is increasing around the world and is associated with popular sports in North America, such as football, basketball, cricket, and bicycling.
For instance, as per the Sports Accident Statistics report updated by LegalMatch in August 2022, injuries to the anterior cruciate ligament (ACL) occur roughly 150,000 times every year in the United States. In addition, female basketball and soccer players had an ACL injury 2 to 8 times more frequently than other athletes. This prevalence of a high number of sports-related injuries in the region is expected to increase the demand for sports medicine and is likely to boost the market's growth.
Companies are working on developing innovative procedures for sports medicine, including joint repair and arthroscopic technologies. New technologies allow surgeons to receive seamless and integrated procedural solutions, thereby allowing effective treatment of patients. For instance, in March 2023, Smith+ Nephew introduced the UltraTRAC Quad ACL Reconstruction Technique comprising QUADTRAC Quadriceps Tendon Harvest Guide System, X-WING Graft Preparation System, and ULTRABUTTON family of adjustable fixation devices, during the American Academy of Orthopedic Surgeons 2023 Annual Meeting. The advanced controlled and reproducible technology for harvesting the desired quadriceps tendon tissue and reducing knee pain enables surgeons to improve graft visualization and efficiency in preparing grafts. Thus, such innovations in sports medicine are expected to increase its demand, hence propelling the market's growth.
Moreover, innovation in knee braces helps athletes recover from post-operation sports injuries by keeping the knee in alignment, which is anticipated to increase its demand, thereby contributing to the market's growth. For instance, in July 2023, OS1st launched its KS8 Performance Knee Brace, which is designed to provide support and stability to the knee joint during recovery from knee surgery or persistent joint discomfort. The KS8 Performance Knee Brace is designed with a lightweight patella ring and removable stays. It is made from a blend of micro-Nylon and LYCRA Spandex, ensuring a soft and comfortable fit. Thus, the development of new products with advanced technology is expected to fuel the adoption of such products in the market, thus bolstering the market's growth.
Therefore, owing to the aforementioned factors, such as a high incidence of sports injuries and recent innovations in sports medicine, the studied market is anticipated to witness growth during the study period. However, the high cost of implants and devices and the dearth of a proper sports ecosystem are likely to impede the market's growth during the forecast period.
North America Sports Medicine Market Trends
The Shoulder Injuries Segment is Expected to Witness Significant Growth During the Forecast Period
Shoulder injuries often involve the soft tissue of the joint, such as the tendons, ligaments, and muscles, rather than the bones located there. Meanwhile, shoulder injuries develop gradually with repetitive overhead movements or constant swinging or throwing actions. The sports with greater risk of developing shoulder injuries include tennis, baseball and softball, swimming, football, and volleyball.
The increasing burden of shoulder injuries among the population, especially sportspersons, is the key factor driving the demand for various sports medicines, which is expected to propel the segment's growth during the forecast period. For instance, according to an article published by MDPI in May 2022, it has been stated that nearly 9,000 cases of shoulder dislocation were observed in the United States, with an incidence of 23.9 per 100,000 person-years. Almost 72% of shoulder injuries occur in males, and nearly one-half occur in patients between the ages of 15 and 29 years. The most frequent cause of dislocation was a fall, which was found in nearly 60% of cases. Therefore, the high incidence of shoulder injuries raises the need for shoulder braces, bandages, and tapes to relieve pain; hence, it is expected to bolster the segment's growth during the forecast period.
Additionally, according to the American Academy of Orthopaedic Surgeons (AAOS), almost 2 million people in the United States visit a healthcare provider with issues related to their rotator cuff every year. Hence, it raises the need for shoulder support that helps to increase blood flow and accelerate the recovery process, thus propelling the demand for shoulder braces and tapes in the market. Thus contributing to the segment's growth.
Furthermore, the rising innovation and launch of novel products to treat shoulder injuries are expected to boost the segment's growth during the forecast period. For instance, in February 2024, Smith+Nephew launched its Aetos shoulder system in the United States with additional Food and Drug Administration approval. Similarly, in October 2023, Hyperice launched the latest innovation to its contrast therapy product lineup, the Hyperice X Shoulder, a hot and cold contrast therapy. Hyperice X Shoulder is used to reduce pain and inflammation in the shoulder, thus promoting faster healing. It helps users regain shoulder mobility, relieve pain, and restore quality of life. Therefore, such developments are anticipated to have a positive impact on the segment growth during the forecast period.
Therefore, with the high shoulder injuries and the launch of new products by the key players, the studied segment is expected to witness significant growth during the forecast period.
The United States is Expected to Hold a Significant Market Share During the Forecast Period
The United States is expected to witness significant growth in the market owing to factors such as the increasing popularity of different sports, such as soccer, baseball, and basketball, and the number of players in the country, along with the high prevalence of sports injuries in the United States. In addition, the presence of key players and new product launches are expected to boost the market's growth during the forecast period.
The increasing number of sports injuries in the country is expected to fuel the demand for various surgical procedures and sports medicine products in the market. For instance, according to the data published in the Johns Hopkins Medicine journal in February 2023, about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries are reported each year in the United States. Thus, such high cases of sports injuries may increase the adoption rate of sports medicine in the country, hence bolstering the market's growth.
According to the source cited, over 3.5 million children under the age of 14 suffer injuries annually from sports or recreational activities. Additionally, more than 775,000 children in the same age group receive treatment in hospital emergency rooms for such injuries each year. A significant portion of injuries stemmed from falls, object strikes, collisions, and overexertion during informal sports. Consequently, the prevalence of these sports-related injuries could drive up the demand for sports medicine in the country during the forecast period.
Furthermore, according to the data published by the American Academy of Orthopedic Surgeons (AAOS) in March 2023, an estimated 5.2 million sports injuries were reported in the United States in 2022. The same source also highlighted the trend of severity of overall sports injuries, especially head and neck injuries, which are rising in the United States. The increasing incidence of sports injuries is expected to boost the demand for orthobiologics, bandages, and braces. In severe cases, surgeries may be necessary. This increasing trend is projected to drive the market's growth in the coming years.
Moreover, favorable strategic initiatives by the key players, such as new product launches and strategic partnerships, are also expected to surge the market's growth during the forecast period. For instance, in November 2023, Pristine Surgical launched Summit 4K, a single-use surgical arthroscope in centers around the United States, after the first-in-human procedure this year. Summit is a first-of-its-kind 4K single-use surgical arthroscope designed to address the difficulties of traditional surgical visualization.
Similarly, in January 2023, WillowWood Global LLC formed a strategic alliance with Reboocon Bionics BV, the manufacturer of the motorized prosthetic knee, INTUY Knee. The alliance will focus on outcomes research, exclusive market distribution in the United States, and research and development collaboration to advance the next generation of technology.
Thus, owing to the abovementioned factors, such as increasing cases of sports injuries and strategic initiatives by the key players, the market is expected to grow during the forecast period.
North America Sports Medicine Industry Overview
The North American sports medicine market is consolidated in nature due to the presence of a few companies operating regionally. Some of the companies are focusing on adopting key strategic activities such as partnerships, collaborations, and new product launches to retain their market position and expand their product offerings. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well known, including Medtronic, CONMED Corporation, Smith & Nephew PLC, Stryker, and Zimmer Biomet Holdings Inc.
North America Sports Medicine Market Leaders
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ConMed Corporation
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Johnson & Johnson
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Smith & Nephew
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Zimmer Biomet Holdings Inc
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Stryker
*Disclaimer: Major Players sorted in no particular order
North America Sports Medicine Market News
- February 2024: Tyber Medical LLC received clearance for the anatomical plating system in Canada. The comprehensive portfolio previously received FDA 510(k) approval in the United States and has now been cleared through Health Canada.
- January 2023: Zimmer Biomet acquired Embody Inc., a company that focuses on soft tissue healing. Through this acquisition, Zimmer Biomet strengthens its sports medicine portfolio.
North America Sports Medicine Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Sports Injuries
4.2.2 Consistent Innovation of New Products and Treatment Modalities
4.2.3 Rising Demand for Minimally Invasive Surgeries
4.3 Market Restraints
4.3.1 High Cost of Implants and Devices
4.3.2 Dearth of Proper Sports Ecosystem
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product
5.1.1 Implants
5.1.2 Arthroscopy Devices
5.1.3 Prosthetics
5.1.4 Orthobiologics
5.1.5 Braces
5.1.6 Bandages and Tapes
5.1.7 Other Products
5.2 By Application
5.2.1 Knee Injuries
5.2.2 Shoulder Injuries
5.2.3 Ankle and Foot Injuries
5.2.4 Back and Spine Injuries
5.2.5 Elbow and Wrist Injuries
5.2.6 Other Applications
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Arthrex Inc.
6.1.2 ConMed Corporation
6.1.3 Johnson & Johnson
6.1.4 Medtronic
6.1.5 Mueller Sports Medicine Inc.
6.1.6 Performance Health
6.1.7 Smith & Nephew
6.1.8 Stryker
6.1.9 Zimmer Biomet Holdings Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Sports Medicine Industry Segmentation
As per the scope of the report, sports medicine acts as a bridge between science, exercise, and health. Moreover, it catalyzes scientific assessment, study, and understanding of sports performance. It involves combined efforts of athletic trainers, physicians, physical therapists, and sports scientists to collaborate and provide the best possible medical care for athletic injuries and illnesses.
The sports medicine market is segmented by product, application, and geography. By product, the market is segmented as implants, arthroscopy devices, prosthetics, orthobiologics, braces, bandages and tapes, and other products. By application, the market is segmented into knee injuries, shoulder injuries, ankle and foot injuries, back and spine injuries, elbow and wrist injuries, and other applications. By geography, the market is segmented into the United States, Canada, and Mexico. The report offers the value (USD) for the above segments.
| By Product | |
| Implants | |
| Arthroscopy Devices | |
| Prosthetics | |
| Orthobiologics | |
| Braces | |
| Bandages and Tapes | |
| Other Products |
| By Application | |
| Knee Injuries | |
| Shoulder Injuries | |
| Ankle and Foot Injuries | |
| Back and Spine Injuries | |
| Elbow and Wrist Injuries | |
| Other Applications |
| Geography | |
| United States | |
| Canada | |
| Mexico |
North America Sports Medicine Market Research FAQs
How big is the North America Sports Medicine Market?
The North America Sports Medicine Market size is expected to reach USD 3.60 billion in 2024 and grow at a CAGR of 2.84% to reach USD 1.8 billion by 2029.
What is the current North America Sports Medicine Market size?
In 2024, the North America Sports Medicine Market size is expected to reach USD 3.60 billion.
Who are the key players in North America Sports Medicine Market?
ConMed Corporation, Johnson & Johnson, Smith & Nephew, Zimmer Biomet Holdings Inc and Stryker are the major companies operating in the North America Sports Medicine Market.
What years does this North America Sports Medicine Market cover, and what was the market size in 2023?
In 2023, the North America Sports Medicine Market size was estimated at USD 3.50 billion. The report covers the North America Sports Medicine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Sports Medicine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Sports Medicine Industry Report
Statistics for the 2024 North America Sports Medicine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Sports Medicine analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
