Report : Europe Sports Medicine Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Body Reconstruction and Repair, Body Support and Recovery, Body Monitoring and Evaluation, and Accessories), Application (Elbow and Wrist Injury, Shoulder Injury, Knee Injury, Ankle & Foot Injury, Spine Injury, and Others), and End User (Hospitals & Clinics, Physiotherapy Centers, Sports Centers, and Ambulatory Surgery Centers)
At 7.4% CAGR, the Europe Sports Medicine Devices Market is speculated to be worth US$ 2,715.00 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe sports medicine devices market was valued at US$ 1,769.49 million in 2022 and is expected to reach US$ 2,715.00 million by 2028, registering an annual growth rate of 7.4% from 2022 to 2028. Rising incidences of sports injuries and benefits of the surging demand for minimally invasive methods are the critical factors attributed to the market expansion.
Contributors to the increase in sports injuries are professional athletes, weekend athletes, young people, children playing in clubs, and sometimes adults. Most sports injuries are orthopedic injuries, including sprains, strains, fractures, broken ligaments, pain, and swelling. These injuries are roughly divided into acute and chronic. The incidence of ligament tears and fractures is high in athletes. The incidence of sports injuries increases due to increasing participation in sports and active participation in fitness activities due to the growing focus on healthy living worldwide.
In addition, the lower extremity accounts for the majority of sports injuries worldwide. According to the Federation Internationale de Football Association (FIFA), an ankle sprain is the most common injury sustained by football players worldwide. With increasing participation in sports (both children and adults) and the consequent increase in sports injuries, the demand for injury management and rehabilitation is increasing.
Sports medicine devices in the medical field are used to treat and prevent sports and movement-related injuries. Various injuries caused by sports and general exercise include head, knee, and ankle injuries, muscle spasms, sprains and strains, and torn ligaments. These devices are either surgically implanted or externally attached. This also includes using performance monitoring devices and various accessories such as bandages, bands, and slings. Recovery products include hot and cold packs, electro-stimulators, and compression garments. Also, an increase in the disposable income of people in developing countries is increasing the confidence of original equipment manufacturers' (OEM) in various countries. Therefore, the demand for sports medicine devices is increasing due to the rising number of sports injuries.
On the contrary, high cost of devices and dearth of skilled professionals hurdles the growth of Europe sports medicine devices market.
Based on product, the market is segmented into body reconstruction and repair, body support and recovery, body monitoring and evaluation, and accessories. Body reconstruction and repair held 37.6% market share in 2022, amassing US$ 664.96 million. It is projected to garner US$ 991.56 million by 2028 to expand at 7.2% CAGR during 2022–2028.
Based on application, the Europe sports medicine devices market is segmented into elbow and wrist injury, shoulder injury, knee injury, ankle and foot injury, spine injury, and others. The Knee injury segment held 29.8% market share in 2022, amassing US$ 527.44 million. It is projected to garner US$ 821.61 million by 2028 to expand at 7.7% CAGR during 2022–2028.
In terms of end user, the Europe sports medicine devices market is segmented into hospitals and clinics, physiotherapy centers, sport centers, and ambulatory surgery centers. The hospitals & clinics segment held 36.9% market share in 2022, amassing US$ 652.31 million. It is projected to garner US$ 990.40 million by 2028 to expand at 7.2% CAGR during 2022–2028.
Our regional analysis states that Germany captured 26.6% market share in 2022. It was assessed at US$ 469.87 million in 2022 and is likely to hit US$ 728.52 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
Key players dominating the Europe sports medicine devices market are Arthrex Inc.; Breg Inc.; Conmed Corporation; DePuy Synthes; DJO Europe Inc.; Karl Storz SE & Co., KG.; Medtronic; Smith & Nephew; Stryker; and Zimmer Biomet among others.
- In March 2021, In March 2022, Medtronic entered into a contract with Vizient to add Touch Surgery Enterprise to Vizient's offerings, which serve various healthcare providers.
- In December 2021, In February 2022, Stryker announced that it completed the previously announced acquisition of Vocera Communications Inc., a digital care coordination and communication company.
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