The technological advancements in arthroscopic technologies worldwide and the increasing number of sports injuries are major factors driving market growth for body reconstruction products. 

On the basis of application, the market is segmented into knee injuries, shoulder injuries, foot & ankle, elbow & wrist, back & spine, hip & groin, and other injuries. The knee injuries segment commanded the largest share of the market in 2019. However, the hip & groin injuries market is projected to register the highest CAGR owing to the increasing participation of high school and college athletes in sports. 

Based on end user segment, the market is segmented into Hospitals, Ambulatory Surgery centers and Physiotherapy Centers and Clinics. The hospitals segment accounted for the largest share of the sports medicine market. 

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The high growth in this region can be attributed to the growth of the sports industry and overall participation in sports. Sporting events such as the 2008 Beijing Olympics, 2018 Winter Olympics in Korea, and the upcoming 2020 Summer Olympics in Japan have increased the level of interest in sports in Asia. 

According to The CovidSurg Collaborative, a 120-country research initiative formed to analyze the impact of the COVID- 19 pandemic on surgeries, around 28.4 million elective surgeries worldwide will be canceled or postponed in 2020, based on 12 weeks of peak disruption to hospital services due to COVID-19. This collaborative has also estimated that orthopedic procedures will be the most frequently canceled procedures, with 6.3 million orthopedic surgeries canceled worldwide over 12 weeks. 

The hospitals segment accounted for the largest share of the sports medicine market.  The large share of this segment can be attributed to factors like Complex diagnostic and therapeutic procedures being carried out in hospitals. 

The major players operating in the sports medicine market include Arthrex, Inc (US), Smith & Nephew plc (UK), and Stryker Corporation (US). Other players involved in this market include Breg Inc. (US), DJO Global, Inc. (US), Mueller Sports, Inc. (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health International Limited (US), KARL STORZ (Germany), and Bauerfeind AG (US), Össur (Iceland), MedShape (US), Cramer Products (US),  Biotek ( India), RôG Sports Medicine (US). 

The Upcoming Technologies in Sports Medicine Market Are:

• 3D- Printed Implants: 3D printing has emerged as a major technology in recent years, and the 3D printing of implants is expected to have a significant impact in the orthopedics field. This is because 3D-printed implants have various advantages, such as customizations as per patient requirements, lower cost (as compared to commercially available implants), lower level of toxicity and a higher level of acceptance in patients, and efficient and quick production. For instance, In May 2019, Kwambio (a Ukraine-based ceramic 3D printing service provider) in collaboration with WeFund Ventures (a European investment firm) launched a 3D bioprinting project called ADAM. This joint initiative aims at developing an end-to-end 3D scanning and 3D printing process for the production of artificial bones.
   
• Prosthetics: Prosthetic limbs have evolved over time to incorporate advanced materials such as plastics and carbon-fiber composites. Technological advancements and novel innovations such as bionic technology, sensor technology, artificial intelligence, and micromechatronics have been made in the prosthetics segment. For eg, In March 2019, UNYQ (US), a San Francisco-based company specializing in 3D printed medical wearables, announced the launch of the UNYQ Socket, a 3D printed prosthetic leg socket at the British Association of Prosthetics and Orthotists (BAPO) in Harrogate, UK.