Europe Sports Medicine Market 2018 – 2023, Emerging Industry Reviews - ARTHREX, CONMED CORPORATION, MEDTRONIC, MUELLER SPORTS MEDICINE, PERFORMANCE HEALTH, STRYKER CORPORATION

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.

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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.

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.

Major players-
ARTHREX, INC., CONMED CORPORATION, JOHNSON & JOHNSON, MEDTRONIC PLC, MUELLER SPORTS MEDICINE, INC., PERFORMANCE HEALTH, SMITH & NEPHEW PLC, STRYKER CORPORATION, WRIGHT MEDICAL GROUP, AND ZIMMER BIOMET HOLDINGS, INC., amongst others.

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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.

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