Global Sports Medicine Market to Approach $9B by 2028

The increasing importance of physical fitness and rising participation in sports activities have paved way for the introduction of advanced products in the global sports medicine market. Several companies are taking a keen interest in trade events and conferences for establishing a strong industry foothold.
 
One such events is the fourth International Extreme Sports Medicine Congress that is expected to focus on different sport medicine specialties.
 
In addition, the industry growth is being driven by an increase in capacity expansion initiatives and collaborative steps by leading industry participants. According to Global Market Insights Inc., the worldwide sports medicine market is expected to top $8.9 billion by 2028. 

Some of the major developments driving industry demand across various regions include:
 
Specialized Care Provisions at Various APAC Establishments 
The Asia Pacific sports medicine market is poised to swell 7.9% annually through 2028 due to an increasing availability of advanced therapeutic care and services across numerous regional establishments.
 
An instance of the same is the Asian Hospital and Medical Center’s Sports Medicine and Human Performance Center. The establishment offers cutting-edge treatment options and diagnostic tests for musculoskeletal injuries related to trauma, sports, and work.
 
Such centers help in the provision of maximum physical ability and function via the analysis of rehab conditions, usage of modalities, and therapeutic techniques.
 
Rising North American Partnerships 
Several organizations in North America are entering collaborations for supporting various sports medicine initiatives. In February, for example, the National Council of Youth Sports inked an agreement with AOSSM (American Orthopaedic Society for Sports Medicine) for the prevention of youth sports injuries.
 
According to statistics from the American Academy of Pediatrics and the National SAFE KIDS Campaign, youth sports annually record over 3.5 million injuries that need medical treatment. Under the deal, AOSSM made a donation to NCYS for supporting the STOP Sports Injuries Program.
 
New Product Launches 
Leading companies in the sports medicine industry comprise Johnson & Johnson, CONMED Corporation, Zimmer Biomet, Ossur Corporate, Performance Health International Limited, Creamer Product Inc., Stryker Corporation, Otto Bock Healthcare, and others. These participants are focusing on developing technologically advanced products for consolidating their position in the market. 

• In August 2021, Smith+Nephew exhibited its latest sports medicine innovations for joint repair at the American Academy of Orthopaedic Surgeons 2021 annual meeting.
• In November 2021, Mueller Sports Medicine launched Handy Gym. The solution is equipped with NASA-engineered flywheel technology for the creation of resistance without the usage of cumbersome weights.

Furthermore, some industry players are also undertaking research initiatives for the development and rollout of superior solutions and therapies.
 
On the whole, the rising incidence of sports injuries, such as spondylolysis, fractures, stinger, sprains, and disc injuries, is expected to augment sports medicine market share through the forthcoming years. This is further supplemented by the presence of developed healthcare infrastructure and the escalating installation of technologically advanced devices across various regions.