Market Size of Tennis Elbow Treatment Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.10 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
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?
Tennis Elbow Treatment Market Analysis
The tennis elbow treatment market is expected to register a CAGR of 4.1% during the forecast period.
During the COVID-19 pandemic, the tennis elbow treatment market encountered a setback due to the imposed lockdown, deferral, and cancellation of a range of sports events that led to a decline in sports and related other injuries. In March 2020, Tokyo Olympics and Paralympics were postponed to 2021 by the International Olympic Committee. Similarly, an article published in February 2022 recorded around a 34.6% decrease in sports-related emergency department visits in 2020. In addition, as per the same source, the majority of the sports-related ED visits were of patients aged 22 years (55.7%). Such incidents negatively impacted market growth. The medical professionals and specialists were instructed to address only the emergency and critical surgical operations during this period.
All these factors have affected product sales with declined hospital visits during the initial phases of the pandemic. Additionally, the manufacturing of tennis elbow pharmaceuticals was also affected during the first wave of the pandemic, which negatively impacted market growth in 2020.
However, in 2021, the tennis elbow treatment industry showed a sturdy recovery, owing to an increasing relaxation in restrictions leading to a rise in the number of sports activities globally. As per the data published by the NSC Injury Facts, in July 2021, the prevalence of sports and recreational injuries increased by 20% in the year 2021. Thus, the increasing number of sport-related injuries among the population is expected to increase the market growth over the forecast period. This is expected to grow further in the upcoming years.
The rising burden of sports-related and tennis elbow injuries is the key factor driving the market growth. For instance, as per an article published in February 2022, about 8.6 million athletes suffer from sports-related injuries each year in the United States. As per the data published by the NSC Injury Facts, in July 2021, about 3.2 million people received treatment in the emergency department for injuries involving sports and recreational equipment such as exercise, cycling, and basketball. This is expected to increase the risk of tennis elbow injuries, which is anticipated to increase the demand for effective treatment, propelling market growth.
Additionally, an article published in BMC Sports, Science, Medicine and Rehabilitation in January 2022 found that the administration of hyaluronic acid in patients suffering from tennis elbow has reduced the pain within three months. Thus, the use of hyaluronic acid injection is considered the best option for treating tennis elbow pain as compared to surgery and other treatment options. This is anticipated to boost market growth over the forecast period.
The rising geriatric population is also expected to increase the market growth. For instance, as per an article published in NCBI in August 2022, elderly people are at high risk of elbow injuries and traumatic fractures. The symptoms of tennis elbow usually appear at the age of 40 to 60 years. Also, as per 2022 statistics published by UNPFA, about 64% of the population living in Germany was between the ages 15-64 years in 2022, and 22% of the population was aged 65 years and above in 2022. Thus, the high number of elderly people living in the country is expected to develop elbow-related injuries as the muscles are more susceptible to overuse in middle and older age. This is anticipated to fuel the demand for effective treatment options and hence boost the market growth.
However, the sluggish commercialization of new effective therapies is expected to hamper the market growth over the forecast period.
Tennis Elbow Treatment Industry Segmentation
As per the scope of the report, tennis elbow (lateral epicondylitis) is a painful condition caused by the repetitive motion of the arms and elbow. A kind of tendinitis, the condition involves swelling of tendons and is identified on medical examination. Lateral epicondylitis (tennis elbow) is an inflammatory condition observed usually in tennis players, baseball players, swimmers, carpenters, plumbers, and anyone who repeats an arm motion over and over.
The tennis elbow treatment market is segmented by treatment type (surgical therapies (arthroscopic surgery and open surgery) and non-surgical therapies (extracorporeal shock wave therapy, braces, medications, and physical therapies) 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 significant regions globally. The report offers the value (in USD million) for the above segments.
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Tennis Elbow Treatment Market Size Summary
The tennis elbow treatment market is poised for growth, driven by an increasing incidence of sports-related injuries and a rising geriatric population susceptible to elbow issues. The market experienced a setback during the COVID-19 pandemic due to lockdowns and the postponement of sports events, which led to a decline in sports-related injuries and subsequent treatment demand. However, the market rebounded in 2021 as restrictions eased and sports activities resumed globally. The prevalence of tennis elbow injuries, particularly among athletes and older adults, is expected to propel market expansion. The use of innovative treatment options, such as hyaluronic acid injections, is gaining traction, offering effective pain relief and promoting healing, thereby boosting market prospects.
The braces segment is anticipated to witness significant growth, supported by the rising incidence of tennis elbow and sports-related injuries. Counterforce bracing, in particular, has shown promise in reducing pain and enhancing elbow function, contributing to its increasing adoption. Technological advancements in braces, including bionic elbow braces, are further expected to drive market growth. North America is projected to dominate the market, fueled by a well-established healthcare infrastructure, high healthcare spending, and a growing awareness of tennis elbow treatment options. The market is characterized by consolidation, with key players engaging in strategic initiatives such as product launches and research partnerships to enhance their market presence.
Tennis Elbow 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 Increasing Cases of Lateral Epicondylitis and Sport-related Injuries
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1.2.2 Increase in Target Population Base
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1.2.3 Technological Advancement and Favorable Reimbursement
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1.3 Market Restraints
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1.3.1 Sluggish Commercialization of New Effective Therapies
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Treatment Type
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2.1.1 Surgical Therapies
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2.1.1.1 Arthroscopic Surgery
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2.1.1.2 Open Surgery
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2.1.2 Non-surgical Therapies
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2.1.2.1 Extracorporeal Shock Wave Therapy
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2.1.2.2 Braces
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2.1.2.3 Medications
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2.1.2.4 Physical Therapies
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Tennis Elbow Treatment Market Size FAQs
What is the current Tennis Elbow Treatment Market size?
The Tennis Elbow Treatment Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Tennis Elbow Treatment Market?
DJO Global, Inc. , Teikoku Pharma USA, Inc, Zimmer Biomet , 3M and AKSIGEN are the major companies operating in the Tennis Elbow Treatment Market.