Sports Medicine Market Total Value Would Be $13.4 Billion By 2026

San Francisco, 24 Oct 2019 - The sports medicine market is inclusive of numerous medical equipment that are routinely utilized to address mild to severe injuries caused due to sports and other physical activity. Chronic diseases and lifestyle-related habits contribute to approximately 75.0% of the health costs. The sports medicine market is expected to grow rapidly in the next few years due to continued lifestyle changes in an attempt to combat the prevalence of smoking, increasing western diet, lack of physical activity, and alcohol consumption that is expected to exponentially increase the chances of premature death if not paid attention on and rectified.


According to a paper published in the Australian Journal of Science and Medicine in Sport published in 2013, team athletic poses a higher risk of injury in comparison to individual sport. The ratio between the two can be calculated to be 3:1.5. It also stated that the level of trauma was higher in case of team games, thereby requiring medical assistance. For instance, ice hockey, a team sport majorly causes head, neck and shoulder injuries in about 34 cases out of 100 times.

Furthermore, these injuries would be inconsequential if the number of individuals opting for sports were limited. However, since the last decade, rising interest of people to opt for sports as a career is anticipated to promote market growth.

Perks associated with the career are expected to drive the youth towards higher adoption of sports. A few perks promoting adoption are:
  • High remuneration
  • Celebrity status and fame such as being immortalized through movies
  • Presence of other sources of income such as endorsements
  • Living healthy lifestyle and having access to best medical care
The global sports medicine market size is expected to reach USD 13.4 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.8% during the forecast period. Changing lifestyle and shift towards healthier living coupled with rising incidence of sports injuries and the number of professional athletes across the globe is projected to further fuel the growth.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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