Europe Sports Medicine Market

Europe Sports Medicine Market Size (2023 to 2028)

The size of the European Sports Medicine Market was worth USD 2.16 billion in 2023 and is estimated to be growing at a CAGR of 7.28% to reach USD 3.07 billion by 2028. The market is showcasing the evident potential in the mentioned forecasting period. Sports Medicine is a universal requirement panning from low, medium, to high-income range countries.

Rising Incidence of Sports Injuries was enhancing the sports medicine market demand.

The incidence of sports injuries has increased over the last years due to increasing active participation in sports and fitness. In an article published in 2021 by Frontiers in Sports and Active Living, the prevalence of severe sports injury was 31%, where the most common injury locations are 25% of the knee, 24% of the foot, 20% of the ankle, and 15% of the hip. The high rate of injuries during sports was driving the necessity for sports medicine market demand. There is a high chance of injuries during sports and maintaining fitness for sports, which need sports medicines where the delay in treatment of injuries leads to critical conditions of health. These factors are raising awareness regarding the importance of sports medicine, which is prompting market growth. The increasing sports activities were reporting more sports injuries, which was boosting the revenue of the sports medicine industry.

Introducing new product innovations with advanced technology propelled the sports medicine market growth.

With the growing technology, many innovations are being developed in sports medicine to better service injured patients. For Instance, Smith and Nephew launched a series of pump laparoscopes and arthroscopes for managing fluid and 4K imaging technology for sports medicine surgeons. These new product launches with advanced technologies help in providing better treatment methods to patients. In May 2022, Osstem Europe launched a next-generation implant system in Europe. Such developments in the devices and implant systems are accelerating the European sports medicine market demand. The increasing use of fitness bands, which monitor the oxygen level, blood pressure, and heart rate of the person with an activity that avoids fatigue-based injuries, supported the market growth.

They were increasing investments in research and development to produce the best practical products in sports medicine. The increasing engagement in sports and physical activities across the region influenced the market players to invest in research and development for innovative techniques and products, which was expected to offer lucrative opportunities in the sports medicine market over the forecast period. The increasing healthcare system advancements also create opportunities for the market in Europe. Many innovations are under clinical trials, projected to offer growth opportunities for market expansion in upcoming years.

The primary factor that was hampering the European sports medicine market expansion was the expensive implant systems. Regenerative medicine costs are high, such as implants and prosthetics, whereas PRP injections and stem cell injections are expensive. Many emerging countries cannot afford insurance for all the persons as many people are uninsured, and only a few percent of people are covered by the insurance. The cost-effective treatment was complex in many developing countries because the country's economy was hindering market growth. 

They were increasing investments in research and development to produce the best practical products in sports medicine. The increasing engagement in sports and physical activities across the region influenced the market players to invest in research and development for innovative techniques and products, which was expected to offer lucrative opportunities in the sports medicine market over the forecast period. The increasing healthcare system advancements also create opportunities for the market in Europe. Many innovations are under clinical trials, projected to offer growth opportunities for market expansion in upcoming years.

The need for more skilled professionals was the most challenging factor in the market expansion in the forecast period. The need for skilled orthopedics was huge in the region, where the number of patients is increasing daily. For performing specific surgeries and diagnosing and treating musculoskeletal injuries, skilled persons with knowledge and experience are required. Various surveys report the need for specialized professionals across the region, leading to requirements.

COVID-19 Impact on the European Sports Medicine Market:

COVID-19 has shown a mixed impact on the market expansion as the first half of the pandemic had slowed down the market due to strict lockdowns, leading to the postponement of sports activities and contests. This led to a drop in the sports medicine market revenue due to the stoppage of pharmaceutical manufacturing due to strict lockdown regulations. The surgeons are instructed to perform only emergency surgeries. The second half of the pandemic had balanced the market revenue for sports medicine as the sports activities had increased due to the relaxation of the regulations. 

This research report on the European sports medicine market has been segmented and sub-segmented into the following categories:

By Product: 

• Reconstruction and Repair
  • Implants              
  • Prosthetics
  • Arthroscopy Devices
  • Fracture and Ligament Repair Products
  • Orthobiologics  
• Support and Recovery
  • Braces and Support
  • Thermal Therapy Products
  • Topical Pain Relief Products
  • Compression Clothing
  • Monitoring Devices
  • Other Body Support and Recovery Products
• Accessories

By Application: 

• Head Injuries
• Shoulder Injuries
• Elbow and Wrist Injuries
• Back and Spine Injuries
• Hip and Groin Injuries
• Knee Injuries
• Foot and Ankle Injuries

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Europe accounted for the significant growth rate in the sports medicine market due to its advanced healthcare systems. Germany was projected to have significant growth over the forecast period due to increasing reimbursement policies, increasing medical centers, and developed healthcare infrastructure. The presence of key players in Germany had put their mark on the sports medicine market, boosting the market demand in the country. According to an article published in 2021, Knee Surgery, Sports Traumatology, and Arthroscopy Journal stated that a study conducted in Germany reported arthroscopic popliteal bypass graft technique performed on patients with concomitant posterior cruciate ligament (PCL) injury had shown excellent clinical results. All these reasons show the significant growth in the European Sports medicine market over the forecast period.

The U.K., being a developed country, was highly prone to research and development investments to improve the services by introducing innovative products and methods. The scope of the European sports medicine market was rising in France and Italy because of the increased physical activity and sports that need the sports medicine requirement. New advancements in the growing healthcare system of the region are developing the sports medicine segment for providing good services. Spain was expected to have decent growth over the upcoming years due to government initiatives to develop medical centers and research institutes for innovations

KEY MARKET PLAYERS:

Some of the companies playing a leading role in the European Sports Medicine Market profiled in this report are Smith & Nephew PLC., Arthrex, Inc., Össur hf, Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., Breg, Inc., Mueller Sports Medicine, Inc., Tornier, Inc., Skins International Trading AG, Wright Medical Technology, Inc., DePuy Mitek, Inc., 3M Company Ace Brand, OttoBock Healthcare GmbH and DJO Global, Inc.