Sports medicine is a field of healthcare that improves the physical fitness of an individual to perform better while doing any type of physical activity or exercise. Sports medicine healthcare professionals include physical therapists, certified athletic trainers, and nutritionists. The sports medicine healthcare providers not only work with professional athletes but with children, teens involved in various sports, and adults who exercise daily for physical fitness. They also treat people who have physically demanding jobs like construction workers. Sports medicine providers guide individuals with proper nutrition and supplements, and treat injuries, such as fractures, heat illness, knee and shoulder injury, ankle sprain, tendonitis, and many more.
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Forecast Analysis of the North America Sports Medicine Market
With the rising incidence of sports-associated injuries and active government initiatives in encouraging sports activities, the North America sports medicine market is expected to witness significant growth during the estimated period. Besides, the increasing awareness among people regarding physical fitness is further expected to bolster the growth of the market over the analysis period. Moreover, the growing demand for minimally invasive surgeries is expected to boost the growth of the market throughout the forecast period. However, the lack of skilled professionals in this field and inappropriate administration and guidelines regarding sports medicine may impede the growth of the North America sports medicine market during the analysis period.
According to the report published by Research Dive, the North America sports medicine market is anticipated to generate a revenue of $5,382 million and rise at a CAGR of 6.7% over the estimated timeframe from 2019 to 2025. The major players of the market include Wright Medical Group N.V, Smith Nephew Plc, DJO Global, Inc., Stryker Corporation, Mueller sports medicine, Inc., Johnson Johnson (Depuy Synthes), Breg, Inc., Arthrex, Inc., Zimmer Biomet Holdings, Inc., Conmed Corporation (Linvatec Corporation), and many more.
Key Developments of the North America Sports Medicine Market
The key companies operating in the industry are adopting various growth strategies business tactics such as partnerships, collaborations, mergers acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the North America sports medicine market to grow exponentially.
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For instance, in December 2021, DePuy Synthes, the orthopedic and neurosurgery company of Johnson Johnson, acquired OrthoSpin, Ltd., a leading developer of robotic treatment systems. With this acquisition, the companies aimed to continue advancing innovation in the treatment for correcting complex bone lengthening, setting complex fractures, and serving patients with new frame innovations and next-generation software.
In August 2021, Smith Nephew Plc, a British multinational medical equipment manufacturing company, launched its latest sports medicine innovations for joint repair and arthroscopic enabling technologies during the annual meeting of the American Academy of Orthopaedic Surgeons 2021. The latest innovations include the latest technologies such as FAST-FIX◊ FLEX Meniscal Repair System, DOUBLEFLO◊ Inflow/Outflow Pump, REGENETEN◊ Bioinductive Implant, CAP-FIX◊ Suture Passer, and SPORTPORT® Cannula.
In April 2022, Spire Orthopedic Partners, a growing national partnership of orthopedic practices that provides the support, capital, and operational resources, announced its collaboration with Peabody, a leading company based on Sports Medicine North (SMN) and its affiliated Orthopedic Surgical Center of the North. With this collaboration, the companies aimed to build a national network of market-leading orthopedic and spine surgeons exhibiting excellence in clinical care, innovation, and patient experience.
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