The Global Cartilage Repair Market size is expected to reach $7 billion by 2024, rising at a market growth of 5.6% CAGR during the forecast period
LONDON, June 27, 2018 /PRNewswire/ — The Global Cartilage Repair Market size is expected to reach $7 billion by 2024, rising at a market growth of 5.6% CAGR during the forecast period.
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The tissue prevents friction between the bones, by absorbing shock in the joints. When damage is caused in the cartilage, it restricts the regular movement of the knee, causing immense pain. It generally occurs after a traumatic and twisting injury to the knee. If cartilage damage remains untreated, it would lead to knee replacement surgery.
The growth of the cartilage repair market can be attributed to changing lifestyle, leading to a number of disorders such as obesity and degenerative joint diseases. The aforementioned factors have an influence on cartilage related injuries. These injuries eventually hamper productivity among the working population. Growing epidemiology of such diseases need effective treatment options, driving the demand for regenerative medicine, which are used in restoring damaged cartilage.
Based on the modality, the Cartilage Repair market is segmented into Cell-Based and Non-Cell-Based. Cell-Based Cartilage Repair further segmented into Chondrocyte Transplantation and Growth Factor Technology. Non-Cell-Based Cartilage Repair further includes Tissue Scaffolds and Cell-Free Composites. Based on the Application, the market is segmented into Hyaline Cartilage and Fibrocartilage. The treatment type segment covers Palliative and Intrinsic Repair Stimulus. Palliative further segmented into Viscosupplementation and Debridement & Lavage. The site outlook segment covers Knee Cartilage Repair and others. Whereas, Knee Cartilage Repair covers Arthroscopic Chondroplasty, Autologous Chondrocyte, Osteochondral Grafts Transplantation, Cell-based Cartilage Resurfacing, Microfracture, and Other. Based on Regions, the Cartilage Repair market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the Global Cartilage Repair Market. Key companies profiled in the report include B. Braun Melsungen AG, Zimmer Biomet, DePuy Synthes, Smith & Nephew plc, Stryker Corporation, Vericel Corporation, Osiris Therapeutics Inc., Arthrex, Inc., Collagen Solutions Plc, and Anika Therapeutics, Inc.
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