Global Cartilage Repair Market: Ongoing Trends, Growth Factors, Negative Factors, Opportunities, Untapped Markets, Strategies and Developments, Product Segments, and Forecast 2019 – 2028
“Global Cartilage Repair Market Insights, Opportunities, Trends, Applications, Market Size & Share, Growth and Forecast 2019 to 2028” is an upcoming report by MarketResearch.biz. The global cartilage repair market report has been segmented on the basis of type, modality, application, end user, and region.
Cartilage Repair: Product Overview
Cartilage is an essential component of the body composed of firm tissues and is softer and flexible compared to a bone. Cartilage repair is helpful for an articular treatment in order to restore and renovate the surface of an articular joint such as hyaline cartilage. Articular cartilage is useful to cover bone endings, where they actually touch to form joints.
Cartilage function is associated with providing a smooth, lubricated surface which helps in low frictions while the movement of the bones. It also helps proper alignment of joints of two bones such as elbows, knees, ankles, spines, etc. There are three types of cartilage namely hyaline, fibro, and elastic. Cartilage can be damaged due to various health issues or injuries such as osteoarthritis.
Global Cartilage Repair Market: Dynamics
Increasing number of patients with cartilage problems and suffering from chondral/ osteochondral injuries is a major factor expected to drive growth of the global cartilage repair market. In addition, cartilage repair treatment is recommended for patients suffering from cartilage damage caused by sports injuries, abnormalities congenital, and imbalanced hormones which can directly affect bones and joints and in turn lead to osteochondritis and dissections. The aforementioned are some of the major factors expected to drive growth of the global cartilage repair market. Moreover, increasing investments by healthcare professionals in research & development activities to develop innovative repair solutions for cartilage problems and increasing prevalence of cartilage-related issues are other major factors expected to drive growth of the global cartilage repair market. Furthermore, growing popularity of minimally invasive procedures is expected to drive growth of the target market in the near future. For instance, arthroscopy, a minimally invasive procedure, is used as a treatment for cartilage injury and is considered to be a safe procedure with the same method adopted in joint repair, depending on injuries such as microfracture and mosaicplasty, and implantation of autologous chondrocyte.
Global Cartilage Repair Market: Segment Analysis
Insights by Modality Segment:
Among the modality segments, the osteochondral allograft segment is estimated to contribute significant share in terms of value in the market, due to rising awareness regarding various benefits associated with osteochondral allograft.
Insights by Application Segment:
Amid the application segments, the knee segment is estimated to record larger revenue share in the market, due to higher prevalence of knee cartilage issues among population with age above 60 and obese population.
Insights by End User Segment:
The hospital segment recorded the highest revenue share in 2018 in the market and is projected to continue to contribute the highest share in the next 10 years. This is attributable to higher number of patients admitted in hospitals globally, favorable reimbursement policies in certain countries, and availability of huge infrastructure to perform surgeries and keep patients in special post-surgery compartments or units for extra intensive care.
Global Cartilage Repair Market: Regional Analysis
The cartilage repair market in the North America is expected to account for a significant share in terms of value, owing to growing geriatric population and awareness of orthopedic surgery. For instance, as per a report by the Arthritis Foundation, around 14 Mn individuals in the US suffer from osteoarthritis of the knees, which leads to inflammation and severe pain. In addition, increasing number of patients with disorders such as orthopedic, musculoskeletal, neuromuscular and sports injuries among individuals in the US is a key factor that is expected to drive growth of the global cartilage repair market in the region. Moreover, increasing number of patients with knee cartilage disorders is another factor expected to drive growth of the global cartilage repair market during the next 10 years. The cartilage repair market in the Asia Pacific is projected to register lucrative CAGR in the global market, over the 10-year forecast period, due to increasing awareness and popularity of minimally invasive procedures and improvement in research & development activities.
Global Cartilage Repair Market Segmentation:
Segmentation by Type:
- Hyaline Cartilage
Segmentation by Modality:
- Chondroplasty & Microfracture
- Autologous Chondrocyte Implantation
- Osteochondral Allograft
- Juvenile Allograft Fragments
Segmentation by Application:
- Others (Elbow, Ear, Wrist, Ankle, Shoulder, Hip Joint, etc.)
Segmentation by End User:
- Ambulatory Surgical Centers
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Braun Melsungen AG
- CONMED Corporation
- Johnson & Johnson(JNJ: New York)
- Osiris Therapeutics, Inc.
- RTI Surgical,
- Smith & Nephew plc
- Stryker Corporation
- Vericel Corporation
- Zimmer Biomet Holdings, Inc.
- Arthrex, Inc.
- Collagen Solutions Plc.
- Anika Therapeutics, Inc.
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