Europe Sports Medicine Market Size & Outlook, 2023-2030
Europe sports medicine market, 2018-2030 (US$M)
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Europe sports medicine market highlights
- The Europe sports medicine market generated a revenue of USD 1,236.1 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, body reconstruction & repair was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,236.1 million |
| Market revenue in 2030 | USD 2,191.9 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Body reconstruction & repair |
| Fastest growing segment | Accessories |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Body Reconstruction & Repair, Body Support & Recovery, Body Monitoring & Evaluation, Accessories |
| Key market players worldwide | Smith & Nephew PLC, Stryker Corp, Zimmer Biomet Holdings Inc, Arthrex, Enovis Corp, DePuy Synthes, Johnson & Johnson, Conmed Corp, Mueller Industries Inc, Orthofix Medical Inc, Performance Health, Karl Storz |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.6% of the global sports medicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,561.2 million by 2030.
Body reconstruction & repair was the largest segment with a revenue share of 42.51% in 2023. Horizon Databook has segmented the Europe sports medicine market based on body reconstruction & repair, body support & recovery, body monitoring & evaluation, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the second-largest regional market in the global sports medicine market, owing to the high healthcare expenditure of European countries and growing popularity of sports such as football, baseball, skiing, cricket, ice hockey, swimming, and rugby.
In 2020, healthcare expenditure in the European Union reached an unprecedented 10.9% of the GDP, with Germany and France leading the region by dedicating over 12% of their respective GDPs to health.
Across Europe, the UK and Switzerland stood out as high spenders, allocating around 12% of their GDP to healthcare, while Turkiye dedicated the lowest share at 4.6%. In addition, the growing emphasis on preventive healthcare and wellness programs is boosting the adoption of sports medicine solutions.
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Sports Medicine Market Scope
Sports Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe sports medicine market size, by country, 2018-2030 (US$M)
Europe Sports Medicine Market Outlook Share, 2023 & 2030 (US$M)
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