Market Size of Tendonitis Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 3.57 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tendonitis Treatment Market Analysis
The tendonitis treatment market is expected to register a CAGR of 3.57% during the forecast period.
The COVID-19 pandemic is an unprecedented health concern and significantly impacted the tendonitis treatment market worldwide. The shortage of healthcare professionals for treating tendonitis hampered the development and growth of the market during the COVID-19 pandemic. Besides, the cancellation of sports activities resulted in fewer sports injuries, thereby negatively impacting the tendonitis treatment market. In addition, according to a 2021 update by the National Safety Council (NSC) of America, the Consumer Product Safety Commission (CPSC) reported that during the first seven months of the COVID-19 pandemic, visits to emergency departments for consumer product-related injuries fell by 24%. The largest decrease occurred in April, with a 45% decrease. Over the full year, consumer product injuries treated in emergency departments decreased by 18% in 2020 compared to 2019. The highest decrease in injuries was sports-related injuries associated with track and field. However, since the lockdown restrictions were lifted, the industry has been recovering well. Following the record low number of consumer product-related injuries reported in 2020, injuries increased by 6.8% in 2021.
The factors that are fueling the market include the rising burden of sports injuries and the consistent innovation of new products and treatment modalities. The National Safety Council (NSC) reports that in 2021, injuries caused by exercise equipment accounted for nearly 409,000 of all sports and recreation-related injuries. In addition, bicycles and accessories accounted for 375,797 injuries in the year 2021 in the United States. Thus, a significant number of sports-related injuries may increase tendonitis leading to rising demand for its treatment, thereby fueling the growth of the studied market.
Moreover, the increasing efforts undertaken by major market players to develop technologically advanced products may contribute to the tendonitis treatment market's growth. For instance, in September 2021, Ossur, a global innovator in prosthetic and non-invasive orthopedic technologies, launched the new Rebound Post-Op Elbow Brace, a non-invasive, lightweight, adjustable brace designed to provide elbow immobilization and range-of-motion restrictions for patients with a variety of conditions, including chronic elbow injuries and tennis elbow release. Additionally, in April 2021, MiMedx Group announced that the last patients in two late-stage Investigational New Drug (IND) trials had completed their previous clinical visits: Phase 3 studies of AmnioFix Injectable (micronized dehydrated Human Amnion Chorion Membrane (mdHACM)) as a potential treatment for Plantar Fasciitis and Achilles Tendonitis.
A lack of awareness about the condition and its advanced treatments among the population may negatively affect the market.
Tendonitis Treatment Industry Segmentation
As per the scope of this report, tendonitis is the inflammation of a tendon that happens when a person overuses or injures a tendon during sports or any other physical activity. It is linked to an acute injury with inflammation. It mostly affects the elbow, wrist, finger, thigh, and other body parts where tendons are present.
The Tendonitis Treatment Market is segmented by Condition (Achilles Tendonitis, Supraspinatus Tendonitis, Tennis Elbow, and Other Conditions), Treatment (Surgical Treatment, Physical (Non-surgical) Therapy, and Other Treatments), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value in USD million for the above segments.
By Condition | |
Achilles Tendonitis | |
Supraspinatus Tendonitis | |
Tennis Elbow | |
Other Conditions |
By Treatment | |
Surgical Treatment | |
Physical (Non-surgical) Therapy | |
Other Treatments |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Middle East and Africa | |
South America |
Tendonitis Treatment Market Size Summary
The tendonitis treatment market is poised for steady growth, driven by an increasing incidence of sports-related injuries and ongoing innovations in treatment modalities. The market experienced a temporary setback during the COVID-19 pandemic due to a shortage of healthcare professionals and a decline in sports activities, which reduced the number of sports injuries. However, the market has shown resilience and is recovering as restrictions have eased. The demand for tendonitis treatment is expected to rise, fueled by the prevalence of sports injuries and the introduction of advanced therapeutic products. Major players in the industry are focusing on developing technologically sophisticated solutions, such as non-invasive braces and injectable treatments, to address various tendonitis conditions, including tennis elbow.
North America is anticipated to lead the global tendonitis treatment market, supported by a robust healthcare infrastructure, increased awareness, and a growing elderly population requiring orthopedic care. The region's dominance is further bolstered by significant investments in healthcare advancements. The market is characterized by a consolidated landscape, with key players like Teikoku Pharma USA Inc., DJO Global Inc., and Zimmer Biomet actively engaging in product development and strategic partnerships to meet the rising global demand. Despite challenges such as a lack of awareness about advanced treatments, the market is expected to expand, with new product launches and cost-effective treatment options driving growth, particularly in the tennis elbow segment.
Tendonitis Treatment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Surge in Sports Activities and Occupational Injuries
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1.2.2 Constant Innovation of Technologies and Therapies
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1.2.3 Increasing Number of Product Lunches
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1.3 Market Restraints
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1.3.1 Lack of Awareness Related to the Disease and Advanced Treatments
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2. MARKET SEGMENTATION
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2.1 By Condition
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2.1.1 Achilles Tendonitis
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2.1.2 Supraspinatus Tendonitis
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2.1.3 Tennis Elbow
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2.1.4 Other Conditions
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2.2 By Treatment
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2.2.1 Surgical Treatment
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2.2.2 Physical (Non-surgical) Therapy
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2.2.3 Other Treatments
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.5 South America
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Tendonitis Treatment Market Size FAQs
What is the current Tendonitis Treatment Market size?
The Tendonitis Treatment Market is projected to register a CAGR of 3.57% during the forecast period (2024-2029)
Who are the key players in Tendonitis Treatment Market?
Zimmer Biomet, 3M, AKSIGEN, Teikoku Pharma USA Inc. and Stryker are the major companies operating in the Tendonitis Treatment Market.