Autologous Matrix-induced Chondrogenesis Market Size, Share, Growth Trends, and Forecast Analysis
                     The global market for autologous matrix-induced chondrogenesis (AMIC) is expected to witness
a high level of competition in the next few years, states a new market intelligence study by
Transparency Market Research. The key players in the market are focusing on the expansion of
the product portfolio, which is predicted to create growth opportunities for the market players
in the next few years. In addition to this,  the market players are focusing on the emerging
economies,  which  is  predicted  to  support  the  growth  of  the autologous  matrix-induced
chondrogenesis market in the next few years. Some of the leading players operating in the
autologous  matrix-induced  chondrogenesis  market  across  the  globe  are  Zimmer  Biomet
Holdings, Smith & Nephew Plc., and Geistlich Pharma AG.
According to a market research study published by Transparency Market Research, in 2015, the
global market for autologous matrix-induced chondrogenesis was worth US$89.71 mn and is
projected to reach a value of US$186.38 mn by the end of 2024. The market is anticipated to
register a strong 8.60% CAGR between 2016 and 2024.
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North America Market in Near Future
From a regional outlook, the global market for autologous matrix-induced chondrogenesis has
been classified into the Middle East and Africa, North America, Latin America, Europe, and Asia
Pacific. In the last few years, North America led the global market and is further projected to
witness a high growth in the next few years. The rising prevalence of several joint and bone
disorders, including rheumatoid and arthritis and the increasing geriatric population are some
of the major factors that are projected to accelerate the growth of the North America market in
the next few years. Furthermore, Europe is likely to witness a healthy growth in the next few
years,  thanks to the rising contribution from France and Germany. On the other hand,  Asia
Pacific is estimated to register a fast growth rate in the next few years. The rising demand for
the minimally invasive procedures and the rising disposable income of consumers are some of
the key factors that are likely to encourage the growth of the Asia Pacific market in the near
future.
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In terms of material, the global market for autologous matrix-induced chondrogenesis has been
segmented into collagen, poly lactic-co-glycolic acid (PGLA), hyaluronic acid, polyethylene glycol
(PEG),  and others.  Among  these,  the collagen segment is  anticipated  to  register  a  healthy
growth rate in the next few years and account for a large share of the overall  market. This
segment is expected to be followed by the hyaluronic acid segment in the coming years.
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Rising Demand for Minimally Invasive Surgeries to Encourage Market Growth
The sale of the autologous matrix-induced chondrogenesis materials and products is expected
to rise significantly in the next few years, thanks to the growing demand for minimally invasive
surgeries. The rising awareness among people regarding this procedure is another major factor
that is projected to enhance the growth of the overall market in the next few years. In addition
to this, the rising geriatric population across the globe is considered as a key factor, which is
estimated to accelerate the growth of the global autologous matrix-induced chondrogenesis
market throughout the forecast period.
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This  information  is  based  on  the  findings  of  a  research  report  published  by  Transparency
Market Research (TMR), titled “Autologous Matrix-induced Chondrogenesis Market (Material
- Hyaluronic Acid, Collagen, Polyethylene Glycol (PEG), and Poly Lactic-co-glycolic Acid (PGLA))
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
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