Europe Sports Medicine Market - 2024-2031

Overview

The Europe sports medicine market reached US$ 2.4 billion in 2023 and is expected to reach US$ 3.69 billion by 2031, growing at a CAGR of 5.6% during the forecast period 2024-2031.

Sports medicine is largely concerned with the prevention and treatment of sports-related injuries and illnesses. Sports injuries improve the sportsperson's performance, provide injury treatment, and provide preventive measures such as rehabilitation and osteopathy. It includes implants, fracture and ligament repair items, prostheses, body support and recovery products, compression clothes, braces and supports, physiotherapy equipment, thermal treatment, electrostimulation, and accessories.

In addition to its instantaneous impact on athletes, sports medicine benefits others as well by encouraging physical exercise and healthy lifestyles. Sports medicine experts advocate for exercise as a critical component of general health, addressing concerns such as obesity and cardiovascular disease. Their work encourages people of all ages to participate in physical activity and sports safely, establishing an atmosphere that is healthy and improving quality of life.

Market Dynamics: Drivers

Increasing prevalence of sports injuries

The rising prevalence of sports injuries propels the market growth. For instance, according to the National Institute of Health, about two-thirds of the injuries are reported in soccer, handball, basketball, and volleyball, although only one-third of all sports club members are registered in these team sports. The number of women's soccer injuries has risen from 7.5 to 15.6 %. Ankle injuries have decreased from 28.7 to 16.9 %. By contrast, the rate of knee injuries has increased from 18.4 to 20.3 %. Days of disability have dropped steadily since the 1990s. Inpatient hospital days have decreased from 10 to 5 days, whereas the share of injuries that needed surgery increased from 30 to 40 %.

In the EU, sports injuries account for around 6.2 million people annually needing hospital treatment with 7% (402,000 cases) having to be admitted for further treatment. Team ball sports account for 42% of all hospital-treated sports injuries, with 71% of these linked to football. Every minute, on average, four people get injured during sports activities in Germany, summing up to around 2,000,000 sports injuries annually in Germany.

Restraints

Factors such as shortage of skilled professionals are expected to hamper the market. First and foremost, a shortage of trained practitioners, such as sports physicians, physiotherapists, and athletic trainers, limits player's access to specialist care. This shortage can cause delays in diagnosis and treatment, affecting athlete's performance and recovery durations. As a result, the overall quality and effectiveness of sports medicine services might decline, obstructing the value provided to both professional and amateur athletes.

Segment Analysis

The Europe sports medicine market is segmented based on product, application, and end-user.

The segment body support and recovery accounted for approximately 45.8% of the Europe sports medicine market share

The body support and recovery segment is expected to hold the largest market share over the forecast period. In this segment, technological developments would drive this market. In sports medicine, recovery is the process of returning the body to its normal physiological and psychological state after exercise or injury. Recovery is important because it helps athletes avoid fatigue and muscle soreness that could impact their performance.

Physical restoration includes recovering muscles, the elastic system, and other systems like the cardiovascular, hormonal, immune, metabolic, and nervous systems. Body support involves braces. For instance, in July 2024, Germany-based startup New4med launched its basivertebral nerve ablation (BVNA) therapy in Europe. BVNA is a minimally invasive procedure aimed at relieving chronic lower back pain by targeting the basivertebral nerve. The 30-minute procedure uses radiofrequency energy and a probe inserted through a small incision that destroys the nerve and prevents it from transmitting pain signals.

Market Segmentation

By Product

Body Reconstruction and Repair

Bone Reconstruction Devices

Soft Tissue Repair

Body Support and Recovery

Braces and Other Support Devices

Hot & Cold Therapy

Body Monitoring and Evaluation Devices

Musculoskeletal

Cardiac

Others

Accessories

Bandages

Disinfectants

Others

By Application

Ankle & Foot Injuries

Back & Spine Injuries

Elbow & Wrist Injuries

Hip Injuries

Others

By End-User

Hospitals

Specialty Clinics

Others

Competitive Landscape

The major players in the Europe sports medicine market include Stryker Corporation, Smith & Nephew Plc., Karl Storz, Bauerfeind Inc., BORT GmbH, 3M, Zimmer Biomet, Ossur, Medtronic, LimaCorporate S.p.A among others.

Key Developments

In July 2024, AliveCor introduced the InstantQT solution in Europe for remote recording of a point-of-care electrocardiogram (ECG). The new technology, which works in conjunction with the KardiaMobile 6L device and the KardiaStation app, enables physicians to record ECGs and assess patients for cardiac irregularities in less than one minute.

Why Purchase the Report?

To visualize the Europe sports medicine market segmentation based on product, application, and end-user as well as understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development

Excel data sheet with numerous data points of Europe sports medicine market level with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping is available in Excel consisting of key products of all the major players.

The Europe sports medicine market report would provide approximately 51 tables, 54 figures, and 181 Pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies