Asia-Pacific Sports Medicine Market Size (2024 - 2029)

Asia-Pacific Sports Medicine Market Analysis

The Asia-Pacific Sports Medicine Market is expected to register a CAGR of 8.5% during the forecast period.

COVID-19 had a significant impact on the growth of the market. This was primarily due to the cancellation of sports activities during the outbreak to prevent the spread of COVID-19 infections. For instance, in April 2022, The World Masters Games in Kansai was postponed due to continued concerns about COVID-19. The event in Japan was supposed to take place from May 13 to May 29. However, the event was delayed since COVID-19 was on the rise. Additionally, in May 2022, the Asian Games 2022, scheduled to be held in September in China, was postponed until 2023 due to the COVID-19 pandemic. Thus, such cancellation of sports events significantly impacted the demand for sports medicine, which affected the target market growth during the pandemic period. In the post-pandemic period, the resumption of all sports activities in Asia-Pacific will increase the demand for sports medicine, in turn, it is expected to fuel the target market's growth throughout the projected period.

The major factors driving the market's growth are the rising incidence of sports injuries and the rising demand for minimally invasive surgeries. For instance, the NCBI article published in October 2021 mentioned that nearly 18.03% of injuries were recorded among elite athletes in South Korea, of which 15.57% suffered at least one injury. The report also mentioned that 56.74% of male athletes and 43.26% of female athletes sustained sports injuries. Similarly, the ticle published in BMJ in December 2022 mentioned that in China, 2.4% of the athletes and non-athletes incurred at least one damage,, and 3.1% had at least one disease in 2022. The injury incidence was highest in athletes (14.4%), team officials (8.8%), staff (2.1%), and volunteers (2.1%). Therefore, Asian countries are experiencing an increase in the frequency of various sports-related injuries boosting the target market growth over the forecast period.

Additionally, the launch various sports medicine market forecastvide effective and early treatment for sports injuries in Asia-Pacif is also expected to boost the market's growth over the forecast period. For instance, in February 2022, Wockhardt Hospitals, India, launched a sports medicine diagnosis, rehabilitation, and surgery facility aswith a dedicated center. The facility is spread across 21,5000 square feet and provides specialty care in almost all specialties. Thus, the increasing incidenmarket castous sports-related injuries and the expansion of numerous centers for sorts injuries,of are expected to contribute to the market growth over the forecast permarketser, factors such as the high cost of implants and devices and the lack of a suitable sports eco-system are expected to impede the market's growth over the forecast period.

Asia-Pacific Sports Medicine Industry Segmentation

As per the scope of the report, sports medicine is a branch of medicine that deals with physical fitness and the treatment and prevention of injuries related to sports and exercise. The Asia-Pacific Sports Medicine market is Segmented by Product (Implants, Arthroscopy Devices, Prosthetics, Orthobiologics, Braces, Bandages and Tapes, and Other Products), Application (Knee Injuries, Shoulder Injuries, Ankle and Foot Injuries, Back and Spine Injuries, Elbow and Wrist Injuries, and Other Applications), and Geography (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific). The report offers the value (in USD million) for the above segments.