The sports medicine devices market in Asia Pacific is expected to grow from US$ 1,321.08 million in 2022 to US$ 2,104.35 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2022 to 2028.
Increasing participation in sports is the major factor driving the growth of the Asia Pacific sports medicine devices market. The introduction of new games in the Olympics and other international sports tournaments encourages people to choose athletics as their profession. The International Olympic Committee announced the inclusion of five new sports activities—skateboarding, surfing, baseball/softball, sport climbing, and karate—in the Tokyo 2020 Games. Additionally, the perks associated with an athlete’s career—celebrity status and fame; high compensation; multiple income sources, such as endorsements; and access to the best medical care—boost the number of young individuals pursuing careers in athletics. Emerging markets such as India and China host a large patient base and offer potential growth opportunities for players involved in the sports medicine devices market. Further, the participation of emerging countries in Asia Pacific in sports such as cricket, football, and athletics, and the growing inclination toward playing locally popular games are resulting in a rise in the number of sports injuries.
Vendors in the Asia Pacific sports medicine devices market are offering products with the new features and technologies to attract new customers and expand their footprints in emerging markets. This factor is likely to drive the market at a good CAGR during the forecast period.
Asia Pacific Sports Medicine Devices Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Sports Medicine Devices Market Segmentation
Asia Pacific sports medicine devices market is segmented into product, application, end user, and country. Based on product, the sports medicine devices market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. In 2022, the body reconstruction and repair segment is likely to hold the largest market share. Based on application, the Asia Pacific sports medicine devices market is segmented into elbow and wrist injury, shoulder injury, knee injury, ankle and foot injury, spine injury, and others. The knee injury segment is likely to hold the largest share of the market in 2022. In terms of end user, the Asia Pacific sports medicine devices market is segmented into hospitals and clinics, physiotherapy centers, sport centers, and ambulatory surgery centers. The hospitals & clinics segment is likely to hold the largest market share in 2022. Based on country, the Asia Pacific sports medicine devices market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held the largest market share in 2022.
Arthrex Inc.; Breg Inc.; Conmed Corporation; DePuy Synthes; DJO Asia Pacific Inc.; Karl Storz SE & Co., KG.; Medtronic; Smith & Nephew; Stryker; and Zimmer Biomet are among the leading companies in the Asia Pacific sports medicine devices market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,321.08 Million |
| Market Size by 2028 | US$ 2,104.35 Million |
| CAGR (2022 - 2028) | 8.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Sports Medicine Devices Market is valued at US$ 1,321.08 Million in 2022, it is projected to reach US$ 2,104.35 Million by 2028.
As per our report Asia Pacific Sports Medicine Devices Market, the market size is valued at US$ 1,321.08 Million in 2022, projecting it to reach US$ 2,104.35 Million by 2028. This translates to a CAGR of approximately 8.1% during the forecast period.
The Asia Pacific Sports Medicine Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Sports Medicine Devices Market report:
The Asia Pacific Sports Medicine Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Sports Medicine Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Sports Medicine Devices Market value chain can benefit from the information contained in a comprehensive market report.
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