North America Sports Medicine Devices Market

The sports medicine devices market in North America is expected to grow from US$ 2,355.52 million in 2022 to US$ 3,682.03 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028.

Professional athletes, weekend athletes, young people, and children playing in clubs are among the major group of individuals facing injuries on a frequent basis. Most sports injuries are orthopedic injuries, including sprains, strains, fractures, broken ligaments, pain, and swelling, and these injuries are roughly categorized as acute and chronic. According to Stanford Children's Health, ~30 million youth and children in the US play sports annually, and more than 3.5 million sports-related injuries are reported each year. According to the Board of Certification for Athletic Trainers, ~2 million acute ankle injuries occur in the US every year. The incidence of ligament tears and fractures is high among athletes. According to the Federation Internationale de Football Association (FIFA), an ankle sprain is the most common injury sustained by football players. With increasing participation in sports (both children and adults) owing to the growing focus on healthy living and the consequent increase in sports injuries, the demand for injury management and rehabilitation is increasing. Thus, the rising incidence of sports injuries is the major factor driving the growth of the North America sports medicine devices market.

Sports medicine devices are used to treat and prevent sports and movement-related injuries. Various injuries caused by sports and general exercises include head, knee, and ankle injuries; muscle spasms; sprains and strains; and torn ligaments. These devices are either surgically implanted or externally attached; they also include performance monitoring devices and various accessories, such as bandages, bands, and slings. Recovery products include hot and cold packs, electro-stimulators, and compression garments. Also, an increase in the disposable income of people in developing countries is boosting the confidence of original equipment manufacturers (OEM) in various regions.

Vendors in the North America 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.

 North America Sports Medicine Devices

 

Market Revenue and Forecast to 2028 (US$ Million)

North America Sports Medicine Devices Market Segmentation

The North America sports medicine devices market is segmented on the basis of product, application, end user, and country. Based on product, the market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. The body reconstruction and repair segment is likely to hold the largest market share by 2022. Based on application, the North America 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 by 2022. In terms of end user, the North America 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 North America sports medicine devices market is segmented into the US, Canada, and Mexico. The US is estimated to account for the largest market share by 2022.

Arthrex Inc.; Breg Inc.; Conmed Corporation; DePuy Synthes; DJO North America Inc.; Karl Storz SE & Co., KG.; Medtronic; Smith & Nephew; Stryker; and Zimmer Biomet are among the leading companies in the North America sports medicine devices market.

North America Sports Medicine Devices Strategic Insights

Strategic insights for the North America Sports Medicine Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Sports Medicine Devices Report Scope

North America Sports Medicine Devices Regional Insights

The geographic scope of the North America Sports Medicine Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.