North America Sports Medicine Market Size (2024 - 2029)

North America Sports Medicine Market Analysis

The North America Sports Medicine Market size is estimated at USD 3.60 billion in 2024, and is expected to reach USD 1.8 billion by 2029, growing at a CAGR of 2.84% during the forecast period (2024-2029).

The incidence of sports-related injuries such as knee injuries, tendon injuries, and fractures is increasing around the world and is associated with popular sports in North America, such as football, basketball, cricket, and bicycling.

For instance, as per the Sports Accident Statistics report updated by LegalMatch in August 2022, injuries to the anterior cruciate ligament (ACL) occur roughly 150,000 times every year in the United States. In addition, female basketball and soccer players had an ACL injury 2 to 8 times more frequently than other athletes. This prevalence of a high number of sports-related injuries in the region is expected to increase the demand for sports medicine and is likely to boost the market's growth.

Companies are working on developing innovative procedures for sports medicine, including joint repair and arthroscopic technologies. New technologies allow surgeons to receive seamless and integrated procedural solutions, thereby allowing effective treatment of patients. For instance, in March 2023, Smith+ Nephew introduced the UltraTRAC Quad ACL Reconstruction Technique comprising QUADTRAC Quadriceps Tendon Harvest Guide System, X-WING Graft Preparation System, and ULTRABUTTON family of adjustable fixation devices, during the American Academy of Orthopedic Surgeons 2023 Annual Meeting. The advanced controlled and reproducible technology for harvesting the desired quadriceps tendon tissue and reducing knee pain enables surgeons to improve graft visualization and efficiency in preparing grafts. Thus, such innovations in sports medicine are expected to increase its demand, hence propelling the market's growth.

Moreover, innovation in knee braces helps athletes recover from post-operation sports injuries by keeping the knee in alignment, which is anticipated to increase its demand, thereby contributing to the market's growth. For instance, in July 2023, OS1st launched its KS8 Performance Knee Brace, which is designed to provide support and stability to the knee joint during recovery from knee surgery or persistent joint discomfort. The KS8 Performance Knee Brace is designed with a lightweight patella ring and removable stays. It is made from a blend of micro-Nylon and LYCRA Spandex, ensuring a soft and comfortable fit. Thus, the development of new products with advanced technology is expected to fuel the adoption of such products in the market, thus bolstering the market's growth.

Therefore, owing to the aforementioned factors, such as a high incidence of sports injuries and recent innovations in sports medicine, the studied market is anticipated to witness growth during the study period. However, the high cost of implants and devices and the dearth of a proper sports ecosystem are likely to impede the market's growth during the forecast period.

North America Sports Medicine Industry Segmentation

As per the scope of the report, sports medicine acts as a bridge between science, exercise, and health. Moreover, it catalyzes scientific assessment, study, and understanding of sports performance. It involves combined efforts of athletic trainers, physicians, physical therapists, and sports scientists to collaborate and provide the best possible medical care for athletic injuries and illnesses.

The sports medicine market is segmented by product, application, and geography. By product, the market is segmented as implants, arthroscopy devices, prosthetics, orthobiologics, braces, bandages and tapes, and other products. By application, the market is segmented into knee injuries, shoulder injuries, ankle and foot injuries, back and spine injuries, elbow and wrist injuries, and other applications. By geography, the market is segmented into the United States, Canada, and Mexico. The report offers the value (USD) for the above segments.