Emphasis on Product [Body Reconstruction Products (Fracture & Ligament Repair Products, Arthroscopy Devices, Implants, Prosthetics, And Orthobiologics), Body Support & Recovery Products (Braces & Support, Physiotherapy Equipment, And Compression Clothing), And Accessories)]; Application (Knee Injuries, Shoulder Injuries, Foot & Ankle, Elbow & Wrist, Hip & Groin, And Other Injuries); and End-Users (Hospitals, Ambulatory Surgery Centres, And Physiotherapy Centres, And Clinics).
The India sports medicine market was valued at USD XX Million and is expected to grow at a strong CAGR of around 7.5% during the forecast period (2023-2030) In India, the incidence of sports injuries has increased over the last few years, primarily due to the growing participation in sports as well as active participation in fitness activities (as a result of the growing focus on leading healthy lifestyles). For instance, as per the data of Center of Disease Control and Prevention (CDC), about 2.6 Million sports and recreation-related injuries in the age group of 0-19 years are reported every year in India. In addition, growing awareness about personal health coupled with a significant rise in sports activities are few of the factors driving the market growth. Active participation of various government in encouraging sports activities are also augmenting the market expansion. In addition to this, continuous technological advancements and new product launches in sports medicine are propelling the industry growth. For instance, in May 2021, Smith & Nephew introduced new series of pumps laparoscopes and arthroscopes used for fluid management and 4k imaging technology for sports medicine surgeons.
Some of the major players operating in the market include Arthrex, Inc, CONMED Corporation, Johnson & Johnson, Smith & Nephew plc, Stryker Corporation, Breg Inc., Mueller Sports Medicine Inc, Wright Medical Group, Medtronic PLC, Performance Health International Limited, Mueller Sports Medicine Inc., among others. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Product, body reconstruction products segment will dominate during the forecast period.”
Based on product, the India sports medicine market is segmented into body reconstruction products (fracture & ligament repair products, arthroscopy devices, implants, prosthetics, and orthobiologics), body support & recovery products (braces & support, physiotherapy equipment, and compression clothing), and accessories. Currently, body reconstruction products segment dominated the sports medicine market due to increasing cases of sports injuries as sports athletes need to take care of their body parts during their activities and to maintain health for long run.
“Amongst Application, Knee Injuries is expected to hold the highest market share during the forecast period.
Based on application, the market is divided into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, hip & groin, and other injuries. Among these application segments, the knee injuries segment held the largest share of the market. The large share of this segment can be attributed to the fact that many knee injuries are recorded across major sports, globally, accounting for approximately 40% of all injuries due to sports. Sports medicine is widely used for the prevention of sports injuries as well as for the cure, recovery, and rehabilitation of athletes. For Instance, As per the data provided by the Prohealth Asia Physiotherapy and Rehab Center, Football has an incidence rate of 2-7 injuries per 1000 hours of football played. Football and cricket players are suffering 500% more knee and ankle injuries. Whereas 400% more people are suffering from anterior cruciate ligament (ACL) injuries.
“Amongst End User, Hospitals Segment is expected to hold the highest market share during the forecast period.
Based on end user segment, the market is segmented into Hospitals, Ambulatory Surgery centers and Physiotherapy Centres and Clinics. The hospitals segment accounted for the largest share of the sports medicine market in 2022. The large share of this segment can be attributed to factors like Complex diagnostic and therapeutic procedures being carried out in hospitals.
India Sports Medicine Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The India Sports Medicine Market
6. India Sports Medicine Market Revenue (usd Mn), 2020-2030f
7. Market Insights By Type
8. Market Insights By Application
9. Market Insights By End-users
10. India Sports Medicine Market Dynamics
11. India Sports Medicine Market Opportunities
12. India Sports Medicine Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the India Sports Medicine Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the India Sports Medicine market were the three major steps undertaken to create and analyze the adoption of Sports Medicine in major states. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the India Sports Medicine market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the India Sports Medicine market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the India Sports Medicine market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as propulsion type, vehicle type, range, battery capacity and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that state.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the India Sports Medicine market. Further, we conducted factor analysis using dependent and independent variables such as propulsion type, vehicle type, range, battery capacity and end-users of the India Sports Medicine market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the India Sports Medicine market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the India Sports Medicine market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major states. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the India Sports Medicine market data was split into several segments & sub-segments post studying various parameters and trends in the areas of the propulsion type, vehicle type, range, battery capacity, and end-users in the India Sports Medicine market.
The main objective of the India Sports Medicine Market Study
The current & future market trends of the India Sports Medicine market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a state level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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