The COVID-19 pandemic has significantly impacted the US sports medicine device market, resulting in the delaying of sports medicine procedures and a subsequent unit sales decline. While the crisis will significantly impact the market in the short-term, downward pricing pressure resulting from hospital budget constraints and growing outpatient sports medicine procedure volumes will further limit overall market potential to some degree. Nonetheless, the continued adoption of arthroscopic techniques, the uptake of premium-priced products, improved physician training, and the launch of innovative devices will continue to drive market growth, supporting the expansion of the US sports medicine device market.

This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for sports medicine devices in the US across a 10-year period.

The COVID-19 pandemic is having a significant impact on markets for devices used in elective procedures, including sports medicine devices.

How are procedure volumes in different segments of the market being affected by the crisis?

What strategies are companies implementing to mitigate risk and manage uncertainty?

How will the crisis affect procedure volumes at different sites of service?

An increasing number of sports medicine procedures are being performed in outpatient settings.

What proportion of procedures are being performed in outpatient settings?

What factors are driving the shift to hospital outpatient departments and ASCs?

How will differing reimbursement rates in hospital versus nonhospital settings affect product choices?

How can companies tailor their strategies to cater to the needs of hospital outpatient departments and ASCs?

A number of improvements have been made to products across the sports medicine device market.

What product innovations are competitors pursuing in order to capitalize on the growing sports medicine device segments?

Which companies have invested in improvements to their product offerings?

How will this impact other companies competing in the market? 

As of 2019, large manufacturers garnered the majority of revenues; however, smaller and emerging companies are gaining a foothold in this market.

Which competitors are using the breadth of their product portfolios to sustain or increase their market shares?

What strategies can competitors implement to capture share in the US sports medicine device market?

Which product segments should competitors focus on for growth opportunities?

What product innovations are competitors pursuing in order to capitalize on the growing sports medicine device segments?

Table of contents

  • Sports Medicine Devices - Market Insights - United States

Author(s): Valentina Lim, BMOS

Valentina Lim is a team lead within the Orthopedics, Dental, and Aesthetics Medtech Insights team at Decision Resources Group, specializing in the fields of sports medicine, trauma devices, orthopedic extremities, pediatric orthopedics, and minimally invasive spine surgeries. Valentina holds an Honors Bachelor's degree in Management and Organizational Studies from the University of Western Ontario.