Europe Sports Medicine Market Report Analysis, Research Studies | Stryker Corporation, Smith & Nephew Plc., Karl Storz.

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.

DataM Intelligence has released a new research report on “Europe Sports Medicine Market Size 2024.” This report offers in-depth insights into key factors such as regional growth, segmentation, CAGR, and the revenue status of leading players in the industry. Its aim is to present a detailed overview of the current market size in terms of value and volume, as well as potential opportunities and development trends.

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Sports medicine primarily focuses on the prevention and treatment of sports-related injuries and conditions. It aims to enhance athletes’ performance while providing effective treatment for injuries and implementing preventive measures, such as rehabilitation and osteopathy. The field encompasses a wide range of products, including implants, fracture and ligament repair items, prostheses, body support and recovery products, compression garments, braces and supports, physiotherapy equipment, thermal therapy, electrostimulation devices, and various accessories. These solutions play a critical role in both injury recovery and overall performance optimization for athletes.

The Europe Sports Medicine Market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter’s Five Forces Analysis.

Market Dynamics:

Increasing prevalence of sports injuries

The increasing prevalence of sports injuries is a key factor driving the growth of the sports medicine market. According to the National Institute of Health, team sports like soccer, handball, basketball, and volleyball account for about two-thirds of reported injuries, despite only one-third of sports club members participating in these sports. Women’s soccer injuries have notably increased from 7.5% to 15.6%, while ankle injuries have decreased from 28.7% to 16.9%. In contrast, knee injuries have risen from 18.4% to 20.3%. However, days of disability due to sports injuries have steadily declined since the 1990s, with inpatient hospital stays dropping from 10 to 5 days. Interestingly, the proportion of injuries requiring surgery has increased from 30% to 40%.

In the European Union, sports injuries result in approximately 6.2 million individuals needing hospital treatment annually, with 7% (about 402,000 cases) requiring further hospitalization. Team ball sports contribute to 42% of all hospital-treated sports injuries, with football accounting for 71% of these cases. In Germany alone, an average of four people sustain sports injuries every minute, totaling around 2 million sports injuries each year. This growing incidence highlights the critical need for advanced sports medicine solutions.

Market Segment Analysis:

By Drug Type: Body Reconstruction and Repair, Body Support and Recovery , Body Monitoring and Evaluation Devices, Accessories.

By Application: Ankle & Foot Injuries, Back & Spine Injuries, Elbow & Wrist Injuries, Others.

By End-user: Hospitals, Specialty Clinics, Others.

Major Key players:

• Stryker Corporation

• Smith & Nephew Plc.

• Karl Storz

• Bauerfeind Inc.

• BORT GmbH

• 3M

• Zimmer Biomet

• Ossur

• Medtronic

• LimaCorporate S.p.A

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*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

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