Cartilage Repair Market To Reach USD 7.42 Billion By 2026
Market Summary A rise in the number of road accidents and injuries occurring due to sports activities across the globe resulting in bone and joint injuries is estimated to fuel the demand for cartilage repair products over the forecast period Market Size – USD 4.80 Billion in 2018, Market Growth – CAGR of 5.6%, Market Trends – Product Launches and Research for Advanced Technological progressions Based on current analysis, the global cartilage repair market was valued at USD 4.80 billion in 2018 and is expected to reach USD 7.42 billion by 2026, at a CAGR 5.6% Cartilage repair and regeneration is treatment for an otherwise healthy knee, but not for knees affected by osteoarthritis, a condition that causes natural cartilage deterioration from aging. Specifically, in the knee, the articular cartilage at the end of the thigh bone can become damaged from sports or other injuries, or even some illnesses, resulting in progressive pain and loss of mobility. Further key findings from the report suggest : • Asia-Pacific regional segment of the cartilage repair market is expected to register itself as highest growing segment during the forecasted period, at a CAGR of 6.5%; owing it to the qualitative as well as quantitative market potential offered in developing nations such as China & India • In 2017, stem cells were being used to grow new cartilage for arthritic hips in a technique being developed at Washington University School of Medicine in a partnership with Cytex therapeutics www.reportsanddata.com
Key Players: Zimmer Biomet, Stryker Corporation, DePuy Synthes, Smith & Nephew, Vericel Corporation, Osiris Therapeutics Inc., B. Braun Melsungen AG, Anika Therapeutics, Arthrex, and Collagen Solutions Plc
Segmentation: • Based on the Types, the market is segmented into: Cell-Based Chondrocyte Transplantation Growth Factor Technology Non-Cell-Based Tissue Scaffolds Cell-Free Composites Other • Based on Applications, the market is segmented into: Hyaline Fibrocartilage Elastic Cartilage Other www.reportsanddata.com
Regional Cartilage Repair Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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