Europe Sports Medicine Market, By Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End-User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others)– Industry Trends and Forecast to 2029
Market Analysis and Size
One of the primary factors encouraging market growth in Europe is the increased participation of individuals in athletics and other sporting activities. In accordance with this, the general public's growing awareness of health issues has led to the acceptance of athletics as a viable means of maintaining physical fitness and combating lifestyle disorders. As a result, sports-related injuries and muscle rips have increased, resulting in a higher need for treatment procedures and therapeutic products. Various product advancements, like as the introduction of absorbable implants, which are commonly used for arthroscopic surgeries, are also helping to drive the market forward. Other reasons, such as the growing preference for minimally invasive surgical treatments and advances in healthcare infrastructure, are expected to fuel the growth.
Data Bridge Market Research analyses that the sports medicine market which was USD 5.83 billion in 2021, would rocket up to USD 9.29 billion by 2029, and is expected to undergo a CAGR of 6.00% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Sports medicine is a branch of medicine that focuses on preventing and treating injuries and illnesses that occur as a result of sports involvement. Sports medicine encompasses implants, fracture and ligament repair products, arthroscopy devices, prosthetics, orthobiologics, and body support and recovery products like braces and supports, compression clothing, physiotherapy equipment, thermal therapy, electrostimulation, and accessories.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Products (Body Reconstruction Products, Body Support and Recovery Products), Application (Knee, Hip, Shoulder and Elbow, Foot and Ankle, Hand and Wrist, Back and Spine Injuries, Other Injuries), Procedure (Knee Arthroscopy Procedures, Hip Arthroscopy Procedures, Shoulder and Elbow Arthroscopy Procedures, Foot and Ankle Arthroscopy Procedures, Hand and Wrist Arthroscopy Procedures, Others), End User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Arthrex, Inc (US), Smith & Nephew plc (UK), Stryker (US), Breg Inc. (US), DJO LLC (US), Mueller Sports Medicine, Inc (US), Wright Medical Group N.V. (US), Medtronic (Ireland), RTI Surgical (US), Performance Health (US), KARL STORZ (Germany), Bauerfeind (Germany), Össur (Iceland), MedShape (US), Cramer Products (US), Agilent Technologies, Inc ( India), RôG Sports Medicine (US)
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Market Opportunities
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Sports Medicine Market Dynamics
Drivers
- Increasing incidence of sports injuries
The key drivers of demand for sports medicine are raising desire for minimally invasive operations, increased use of arthroscopic surgeries, and an infusion of new goods and treatment modalities. However, during the projection period, the high cost of sports medicine products and the danger associated with implant devices are likely to stifle the market's expansion.
- Rising burden of sports injuries
New goods and treatment modalities are constantly being developed, and the demand for minimally invasive surgeries is increasing. Strains and sprains, spondylolysis and spondylolisthesis, stingers, disc damage, and Scheuermann's disease are all common sports injuries. As a result, the market in Europe is projected to be driven by the increased prevalence of sports-related injuries. Furthermore, growing public awareness of sports medicine and an increase in the number of sports medicine associations are propelling the industry forward.
- Increase in adoption of extreme sports activities
The sports medicine market is predicted to rise due to an increase in the number of sports-related injuries, increased public knowledge about fitness and sports, the availability of medical devices, and quick advancements in sports medicine.
Opportunities
- Expansion and market penetration opportunities in emerging economies
Due to rising disposable incomes (as a result of rapid economic expansion) and increased engagement in sports and physical activities, emerging countries such as India and China are projected to offer large growth potential for sports medicine players. Furthermore, the governments of these countries are seeking to expand and modernise their healthcare systems. In the near years, however, untapped markets and shifting regulatory conditions for medicine are likely to create a replacement opportunity for the sports medicine sector.
Restraints/Challenges
- High cost of orthopaedic implants
The high cost of implants is a major roadblock to the sports medicine market's expansion. The cost of these implants is a major barrier to market expansion in countries like India, where only a small percentage of the population is covered by insurance (according to the IRDA, in 2017, 76 % of the Indian population was uninsured). With an average cost of more than USD 12,000 in developing countries, the bulk of the population cannot afford such a costly treatment.
Regenerative medicine procedures, like implants and prosthetics, are costly. A single PRP injection, for example, costs between USD 500 and USD 2,000, whereas bone marrow stem cell injections cost between USD 2,000 and USD 5,000.
This sports medicine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sports medicine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Sports Medicine Market
During the pandemic, the sports medicine market was also hit. COVID-19 had a negative impact on the market in general. This was attributable to a decrease in the demand for sports medicine. Attributed to strict global lockdowns in 2020, the initial drop in demand was due to a reduction in the number of sports contests and sports activities. Furthermore, disruptions in the sports medicine industry's supply chains had a negative impact on the market. Furthermore, during the initial wave of the pandemic, pharmaceutical manufacturing was disrupted, resulting in a negative impact in 2020. The sports medicine industry is expected to recover in 2021, thanks to increased demand and relaxations in lockdowns, which has increased the number of sporting activities around the world.
Recent Development
The DJO global firm stated on February 8, 2022 that it had renewed its partnership with the Professional Football Athletic Trainers Society (PFATS). The Professional Football Athletic Trainers Society (PFATS) is an organization of licenced athletic trainers who operate in professional football. As part of its cooperation with DJO, PFATS will recommend and endorse specific DJO products.
Smith & Nephew acquired CE mark clearance for Regeneten Bioinductive Implant in June 2020, allowing it to be sold in key European countries.
Europe Sports Medicine Market Scope
The sports medicine market is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Body Reconstruction
- Fracture and Ligament Repair Products
- Arthroscopy Devices
- Implants
- Orthobiologics
- Prosthetics
- Body Support and Recovery
- Braces and Supports
- Physiotherapy
- Thermal Therapy
- Ultrasound Therapy
- Laser Therapy
- Electrostimulation Therapy
- Body Monitoring and Evaluation
- Cardiac Monitoring
- Respiratory Monitoring
- Hemodynamic Monitoring
- Musculoskeletal Monitoring
- Compression Clothing
- Accessories
- Bandages
- Disinfectants
- Tapes
- Others
Application:
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Hip and Groin Injuries
- Elbow and Wrist Injuries
- Back and Spine Injuries
- Others
End-User:
- Hospitals
- Orthopedic Specialty Clinics
- Fitness and Training Centers
- Ambulatory Surgical Centers (ASCs)
- Others
Sports Medicine Market Regional Analysis/Insights
The sports medicine market is analysed and market size insights and trends are provided by country, product, application and end-user as referenced above.
The countries covered in the sports medicine market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
The increased popularity of sports and physical activity, increasing awareness about the prevention and treatment of sports injuries, and growing investments in sports medicine are driving the North American sports medicine market over the forecast period.
Germany is predicted to expand at the fastest rate in the forecast period of 2022 to 2029. With increased use of sports medicine in various forms of sports injuries in the area.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The sports medicine market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sports medicine market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sports medicine market. The data is available for historic period 2010-2020.
Competitive Landscape and Sports Medicine Market Share Analysis
The sports medicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sports medicine market.
Some of the major players operating in the sports medicine market are:
- Arthrex, Inc (US)
- Smith & Nephew plc (UK)
- Stryker (US)
- Breg Inc. (US)
- DJO LLC (US)
- Mueller Sports Medicine, Inc (US)
- Wright Medical Group N.V. (US)
- Medtronic (Ireland)
- RTI Surgical (US)
- Performance Health (US)
- KARL STORZ (Germany)
- Bauerfeind (Germany)
- Össur (Iceland)
- MedShape (US)
- Cramer Products (US)
- Agilent Technologies, Inc ( India)
- RôG Sports Medicine (US)
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