Market Trends of Europe Sports Medicine Industry
This section covers the major market trends shaping the Europe Sports Medicine Market according to our research experts:
Implants Segment is Expected to Witness a Significant Growth Over the Forecast Period.
An implant is a medical device manufactured to replace a missing biological structure, support a damaged biological structure, or enhance an existing biological structure. Medical implants are man-made devices, in contrast to a transplant, which is transplanted biomedical tissue. Many implants are available, such as prosthetics intended to replace missing body parts, while other implants deliver medication, monitor body functions, or provide support to organs and tissues.
In major sports injuries, meniscus tears are very common, and often total knee replacement is considered for the treatment. However, in regards to the same, active implants have made significant advancements with their surface meniscus implant for the treatment of persistent knee pain. In the event of a serious joint or tissue injury during sports, medical implants are the best choices to treat the injuries, thus this segment is expected to witness significant growth over the forecast period.
The companies are developing absorbable polymer technology, such as calcium polymer composite materials for making these implants.For instance, in September 2022, Image Navigation Ltd. launched its second generation Image Guided Implantology (IGI) system during the European Association for Osseointegration (EAO) Congress in Geneva. Similarly, in May 2022, European Research and Innovation magazine reported on the new technology of using spun silk in the next generation of eye and knee implants. The silk protein implant acts as a scaffold for bone and connective tissue growth, allowing slow-repairing cartilage to regenerate.Currently, the study is under clinical trial. Such technological advancements will offer unprecedented growth opportunities for segment expansion over the forecast period.
Because of all of these factors, the segment is expected to grow significantly over the next few years.
Germany is Expected to Witness a Significant Growth Over the Forecast Period
The presence of major market players, favorable reimbursement scenarios, a rising number of medical centers, and growing investment in the development of sports medicine will result in rapid product adoption throughout the country. Furthermore, developed healthcare infrastructure, as well as increasing adoption of technologically advanced devices to treat sports injuries, are key factors driving the size of the German sports medicine market.
Key players dealing in the German market have built a vast product portfolio and established their presence in all major European countries. For instance, in June 2022, NG Medical GmbH, a medical device manufacturer exclusively focused on creating innovative technologies for spinal applications, launched its new product, the ART Fixation System, in Europe.
Furthermore, research and clinical studies are also fueling the growth of the market in the country. For instance, an article published in May 2021 by Knee Surgery, Sports Traumatology, and Arthroscopy Journal described a study conducted in Germany that reported that the arthroscopic popliteal bypass graft technique provided good-to-excellent clinical results in the mid-term follow-up of patients with posterolateral rotational instability (PLRI) and a concomitant posterior cruciate ligament (PCL) injury of the knee. Thus, due to the aforesaid reasons, the region is expected to show significant growth over the forecast period.
