A system and method for risk prediction and corrective action for a contact type activity is provided. The method includes generating a personalized full body musculoskeletal model to depict the knee and ankle joint behavior of a subject during the contact type activity. Various contact type activities are simulated using the personalized full body musculoskeletal model. Injury biomarkers and their parameters based on the contact type activities are identified, parameters are indicative of risk of injury to participating muscle groups said activity. Based on the injury biomarkers, optimal muscle co-activation parameters are analyzed by a neuro-muscular controller, to adapt the participating muscle groups for providing the correction action against the predicted risk of injury. Said optimal muscle co-activation parameters are indicative of muscle synergy during the contact type activity.