Athletics are now recognized as a practical way to maintain physical fitness and fight lifestyle disorders due to the general public's growing awareness of health issues. The rise in sports-related injuries and muscle tears creates a greater need for therapeutic procedures and products. The market is also being helped by several product developments, such as the introduction of absorbable implants, which are frequently used in arthroscopic procedures. The growth is anticipated to be fueled by several additional factors, including the rising popularity of minimally invasive surgical procedures and technological developments in the healthcare system.
According to Data Bridge Market Research, the Sports Medicine Market is expected to reach the value of USD 5.83 billion in 2021, is expected to grow by USD 9.29 billion by 2029, and is expected to undergo a CAGR of 6.00% during the forecast period 2022 to 2029.
“Increasing sports participation surge market demand"
The increasing sports participation across Europe has led to a surge in the demand for sports medicine services. As more individuals engage in sports and physical activities, the risk of sports-related injuries also rises. This has created a need for specialized medical care, including injury diagnosis, treatment, prevention, and rehabilitation. Sports medicine professionals are vital in providing expert guidance, personalized training programs, and advanced treatment options to help athletes and fitness enthusiasts maintain their performance and overall well-being.
What restraints the growth of the sports medicine market?
“High cost of sports medicine treatments can impede the market growth”
Costly procedures, surgeries, rehabilitation plans, and specialized equipment may be needed for managing sports injuries. Access to high-quality sports medicine services may be hampered by the cost, especially for those with limited financial resources or healthcare systems with tight budgets. It emphasizes the requirement for cost-effective solutions, affordable healthcare models, and reimbursement regulations that guarantee all people in need have access to the necessary sports medicine treatments.
Segmentation: Europe Sports Medicine Market
The sports medicine market is segmented on the basis of products, application, procedure and end-user.
- On the basis of products, the sports medicine market is segmented into body reconstruction products, body support and recovery products
- On the basis of application, the sports medicine market is segmented into knee, hip, shoulder and elbow, foot and ankle, hand and wrist, back and spine injuries, other injuries
- On the basis of procedure, the sports medicine market is segmented into knee arthroscopy procedures, hip arthroscopy procedures, shoulder and elbow arthroscopy procedures, foot and ankle arthroscopy procedures, hand and wrist arthroscopy procedures, others
- On the basis of end-user, the sports medicine market is segmented into hospitals, orthopedic clinics, ambulatory surgical centers, others
Regional Insights: Germany is expected to dominate the Europe sports medicine market
Germany is expected to witness significant growth in sports medicine during the forecast period from 2022 to 2029. This growth can be attributed to the increased utilization of sports medicine in treating and managing various sports injuries. With a strong emphasis on sports and physical activity in the region, the demand for specialized medical care and rehabilitation services for athletes is on the rise, driving the expansion of the sports medicine market in Germany.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/europe-sports-medicine-market
Recent Developments in Europe Sports Medicine Market
- In 2022, the DJO global company announced that it had extended its affiliation with the Professional Football Athletic Trainers Society (PFATS). An association of licensed athletic trainers who work in professional football is called the Professional Football Athletic Trainers Society (PFATS). As part of its partnership with DJO, PFATS will suggest and support particular DJO goods.
- In 2020, Smith & Nephew obtained the CE mark clearance for Regeneten Bioinductive Implant, allowing it to be sold in important European nations.
The Prominent Key Players Operating in the Europe Sports Medicine Market Include:
- Arthrex, Inc (U.S.)
- Smith & Nephew plc (U.K.)
- Stryker (U.S.)
- Breg Inc. (U.S.)
- DJO LLC (U.S.)
- Mueller Sports Medicine, Inc (U.S.)
- Wright Medical Group N.V. (U.S.)
- Medtronic (Ireland)
- RTI Surgical (U.S.)
- Performance Health (U.S.)
- KARL STORZ (Germany)
- Bauerfeind (Germany)
- Össur (Iceland)
- MedShape (U.S.)
- Cramer Products (U.S.)
- Agilent Technologies, Inc ( India)
- RôG Sports Medicine (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of sports medicine market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Sports Medicine Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
