According to FutureWise analysis the market for sports medicine in 2023 is US$ 5.51 billion, and is expected to reach US$ 10.52 billion by 2031 at a CAGR of 8.40%.
The increasing incidence of sports injuries alongside growing focus towards a healthy lifestyle is driving the growth of the market. Constant innovation of new treatment modalities and products coupled with increasing demand for minimally invasive surgeries is increasing the sports medicine market size. According to the statistics released by sports injury Stanford children health statistics, 30 million kids and teenagers in the United States participate in some form of organized sports. Approximately one-third of all injuries that occurred in childhood are sports-related. Besides, perks associated with sports career have resulted in an ample number of youths opting for professional sports. Access to best medical and high remuneration opportunities are resulted in growing preference towards primary career thus positively influencing the market.
In a bid to strengthen its grip over the market, Mitek Sports Medicine , a division of DePuy Orthopaedics launched VAPR radiofrequency device Arthrex collaborated with Clemson University, US to provide 10 scholarships worth USD 7500 each for students who will opt for internships and courses aimed at the needs of surgical device sector