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Europe Sports Medicine Market - Segmented by Product, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Europe Sports Medicine Market - Segmented by Product, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The European sports medicine market is expected to register a CAGR of 7.1% during the forecast period of 2018–2023. Germany is anticipated to dominate the market during the forecast period owing to the growing number of sports activities and injuries in the region.

Rising Incidence of Sports-related Injuries

Around 4.5 million people aged 15 and above have been treated in hospital for sports injury (as defined by the EU IDB catalog of sports). Team ball sports, the major segment of the sporting category in Europe, accounts for approximately 40% of all hospital-treated sports injuries. Out of the total population engaged in sports, including men and women, sports-related injuries is higher in men (67%) than in women, reflecting the fact that participation of men is more in sports. According to an article published by the British Journal of Sports Medicine on sports injuries, during the five competition days of EYOF (European Youth Olympic Festival) 2013, 207 injuries and 46 illnesses were reported, resulting in an incidence of 91.1 injuries and 20.2 illnesses per 1000 athletes. Almost 10% of the athletes sustained at least one injury or illness. Thus, the rising incidences of sports-related injuries are likely to drive the market in Europe. Additionally, expanding awareness of sports medicine and the rising number of sports medicine associations are further driving the market for sports medicine.

Non-recognition of Sports Medicine as Specialty

According to the European Union of Medical Specialists, sports medicine is not yet mentioned in the Addendum of the EU Directive. If sports medicine gets the honor of specialty segment it will not only be significant for medicine, but also for sports and the athletes, as there will be harmonized training, continuing medical education (CME), continuing professional development (CPD), and recognition all over Europe, which will guarantee a fair and professional approach for the specific problems encountered in the field of sports. There are no structured sports medicine subspecialties in Europe. This results in non-uniform regulations and operations in this field. There are distinct differences in all areas of sports medicine. There is a lack of consistency in training and the facilities available in the European countries. As a result of all this, there is a lack of quality sports medicine professionals and a proper sports ecosystem, which can impede the market.

Germany to Dominate the Market

Germany dominates the sports medicine market in Europe. The factor attributing to the growth of this region is an increase in awareness regarding physical fitness. The United Kingdom is anticipated to grow tremendously during the forecast period owing to factors, such as increasing participation in sports like football and basketball at a younger age, resulting in high prevalence of sports injuries in the country.

Key Developments in the Market

  • October 2017: Smith & Nephew PLC acquired Rotation Medical Inc., a developer of a novel tissue regeneration technology for shoulder rotator cuff repair.
  • September 2016: Stryker’s Endoscopy division acquired Ivy Sports Medicine, LLC, whose portfolio comprises of a comprehensive minimally invasive meniscal repair platform.

Reasons to Purchase the Report
  • Follow the current and future European sports medicine market in the developed and emerging markets.
  • Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in Excel).
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1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Drivers
6.1.1 Rising Incidence of Sports Injuries
6.1.2 Consistent Innovation of New Products and Treatment Modalities
6.1.3 Rising Demand for Minimally Invasive Surgeries
6.1.4 Increase in Awareness of Sports Medicine
6.2 Restraints
6.2.1 Unrecognition of Sports Medicine as Specialty
6.2.2 Dearth of Proper Sports Ecosystem
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Product
7.1.1 Implants
7.1.2 Arthroscopy Devices
7.1.3 Prosthetic
7.1.4 Orthobiologics
7.1.5 Braces
7.1.6 Bandages & Tapes
7.1.7 Others
7.2 By Application
7.2.1 Knee Injuries
7.2.2 Shoulder Injuries
7.2.3 Ankle & Foot Injuries
7.2.4 Back & Spine Injuries
7.2.5 Elbow & Wrist Injuries
7.2.6 Others
7.3 By Geography
7.3.1 North America United States Canada Mexico Rest of North America
7.3.2 Europe France Germany United Kingdom Italy Spain Rest of Europe
7.3.3 Asia-Pacific China Japan India Australia & New Zealand South Korea Rest of Asia-Pacific
7.3.4 Middle East & Africa GCC Countries South Africa Rest of the Middle East & Africa
7.3.5 South America Brazil Argentina Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Arthrex, Inc.
9.2 CONMED Corporation
9.3 Johnson & Johnson
9.4 Medtronic PLC
9.5 Mueller Sports Medicine, Inc.
9.6 Performance Health.
9.7 Smith & Nephew PLC
9.8 Stryker Corporation
9.9 Wright Medical Group
9.10 Zimmer Biomet Holdings, Inc.
9.11 List not Exhaustive
10. Future of the Market

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