Uploaded on Jan 24, 2022
The cartilage repair market is anticipated to grow considerably in the near future, owing to different factors such as increase in obesity & sedentary lifestyle among the population, rise in elderly population, and upsurge in prevalence of arthritis globally. However, high costs associated with cartilage repair procedures and unclear regulatory scenario are the key factors that are expected to impede the market growth.
Cartilage Repair Market Ongoing Trends and Recent Developments
Cartilage Repair Market growing at a
CAGR of 15.0% | Strategic Analysis and
Future Scenarios – 2026
Cartilage Repair Market by Modality (Chondroplasty & Microfracture, Autologous Chondrocyte Implantation, Osteochondral
Allograft, and Juvenile Allograft Fragments), Type (Hyaline Cartilage and Fibrocartilage), Application (Knee, Shoulder, and
Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others) - Global Opportunity Analysis and
Industry Forecast, 2018-2026
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the market share in Cartilage repair
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Overview
According to a new report published by Allied Market
Research, titled, "Cartilage Repair Market by Modality,
Type, Application, and End User: Global Opportunity Analysis
and Industry Forecast, 2018-2025, the global market was
valued at $713 million in 2017, and is projected to reach
$2,195 million by 2025, growing at a CAGR of 15.0% from
2018 to 2025. North America is anticipated to be the highest
revenue contributor throughout the forecast period.
Cartilage repair is a process that encompasses treatment of
the damaged cartilage through different modalities such as
chondroplasty, autologous chondrocyte implantation,
osteochondral allograft, and juvenile allograft fragments to
restore normal functions of the connective tissue.
Segments
In terms of revenue, the global surgical robotics market is
segmented on the basis of modality, type, application and End
User.
By Product- Asia-Pacific is expected to grow at the highest
CAGR of 16.5% from 2018 to 2025, due to increase in disposable
income; surge in research, development, & innovation activities;
and rise in awareness towards cartilage repair products.
By modality- By modality, chondroplasty & microfracture
accounted for more than one-fourth share of the global cartilage
repair market in 2017. In terms of application, the knee segment
garnered nearly half of the market share in 2017, and is
projected to exhibit prominent growth rate, owing to surge in
prevalence of knee osteoarthritis globally.
Geography
North America dominated the Cartilage repair
market. The market growth in North America is
primarily a reflection of product innovations and
launches resulting from technological advancements.
The companies mostly adopted product launch,
acquisition, and expansion as their key strategies to
keep pace with the changing demands of consumers
and strengthen their market position.
Key Market Players
The key players operating in the global Cartilage repair market are
• Johnson & Johnson
• B. Braun Melsungen AG
• Smith & Nephew Plc
• Stryker Corporation
• Zimmer Biomet Holdings, Inc
• Conmed Corporation
• Arthrex, Inc
• RTI Surgical, Inc
• Vericel Corporation
• Osiris Therapeutics, Inc
• An in-depth market analysis includes analysis of various
regions, which is anticipated to provide a detailed
Key Findings of the understanding of the current trends to enable
stakeholders formulate region-specific plans.
Cartilage repair • A comprehensive analysis of factors that drive and
market: restrain the growth of the global is provided.
• The projections in this report are made by analyzing the
current trends and future market potential from 2021 to
2030, in terms of value.
Find out more at the Allied Market Report store
https://www.alliedmarketresearch.com/cartilage-repair-market
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