The global winter sports injury treatment market size is estimated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the high participation of people in winter sports activities, increasing awareness about the injuries, and rising fitness maintenance of the people.
Winter sports are the type of sports that are played or organized during the months of winter of the year. These sports activities include ice skating, luge, skiing, snowboarding, bobsleigh, sledding, snowmobiling, and ice hockey. These activities are performed in cold regions during the cold weather. However, the sports are prone to several injuries which is causing various concerns for people especially among the athletes. Some of the most common injuries during winter sports can be summarized such as medial collateral ligament tear, wrist fractures, anterior cruciate ligament tear, snowboarder's ankle, skier's thumb, and head & spine injuries.
In 2013, the US recorded around 3.8 million cases of winter sports injuries and the cases of the injuries are widely occurred among cold areas including Iceland and Canada. Millions of more people were reported to have suffered from various injuries and the most common cause of injury is reported to be due to sledging. The sledging caused about 700,000 cases annually and mostly children and women are at high risk as compared to men.
Market Trends, Drivers, Restraints, and Opportunities
- Growing interest in winter sports and rising organizing of various sports events globally are boosting the market growth in the near future.
- Increasing government initiatives to raise the awareness about the injuries related to the sports along with growing self-awareness regarding their health and fitness are propelling the market in the coming years.
- Expensive treatment of sports injuries and concerns related to reimbursement are key restraints that can hamper the market expansion.
- Limited awareness about different treatment products that are present in the market present major challenges projected to hinder the market development.
- High people participating in winter sports as well as well-developed healthcare facilities in case of sport injuries are offering huge opportunities for the market growth.
Key Players
- Arthrex, Inc.
- Smith & Nephew PLC
- DePuySynthes
- Stryker Corp.
- Mueller Sports Medicine, Inc.
Competitive Landscape
The key players competing in the global winter sports injury treatment market are Arthrex, Inc.; Smith & Nephew PLC; DePuySynthes; Stryker Corp.; and Mueller Sports Medicine, Inc. Some of these players have adopted several market development strategies such as launching new products, collaborations, mergers, and capacity expansion of production units to enhance their market positions.
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