Feb 15, 2021: The global Cartilage Repair/Regeneration Market size is expected to value at USD 6.7 billion by 2025. The market is subject to witness a substantial growth due to the increasing occurrence of bone and joint related diseases such as Osteoarthritis (OA) and arthritis, and recent technological advancements in cartilage regeneration. Growing geriatric population in across the globe, is susceptible towards Osteoarthritis (OA) and arthritis due to weakened bone structure. This in return is expected to fuel the growth of cartilage repair/regeneration industry over the forecast period.
Additionally, change in food patterns leading to obesity is considered as one of the prominent factor associated with market growth, in the recent years. Globally, the cartilage repair/regeneration market is predicted to grow at CAGR of 5.4% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.
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Growing prevalence of diabetes is considered as one of the critical factors driving the growth of cartilage regeneration industry, in recent years. Diabetes causes loss of cartilage leading to weakened bone structure which requires replacement of the cartilage or regeneration. Additionally, growing prevalence of obesity in various region across the globe is predicted to drive the growth of the market in upcoming years.
The American Heart Association (AHA) has reported that the global geriatric population is expected to account for approximately twenty percent of global population in next two decades. The geriatric population is extremely susceptible to chronic diseases and is predicted to be a critical factor in driving the demand for cartilage repair procedures, thus escalating market growth in the last few years.
Increase in number of road accidents and sports-related injuries across the globe, leading to bone and joint injuries is expected to amplify the demand for cartilage repair procedures in upcoming years. The recent technological advancements in cartilage repair and regeneration procedures coupled with inception of new techniques in the market is prompting adoption of cartilage repair and regeneration procedures in the recent years. Sports injuries are one of the prominent driver for increasing adoption of cartilage repair procedures. Sports such as bicycling, skating, and skateboarding are major sources of sports related injuries.
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The cartilage repair market is divided into two major types based on treatment modalities such as cell-based treatment and non-cell-based treatment. Cell-based treatment is considered as one of the fastest growing segment in the market with substantial revenue generation in the last couple of years. Growing popularity of the cell-based treatments are expected to provide lucrative growth opportunities for industry players.
Development of autologous chondrocyte transplants in surgical treatment of damaged articular cartilage including chondral and osteo-chondral lesions has led to growing demand for cartilage repair and regeneration procedures. The non-cell-based segment has also witnessed substantial growth due to lower cost and superior outcomes. The non-cell-based segment is further divided into tissue scaffolds and cell-free composites.
The cartilage repair is classified into palliative and intrinsic repair stimulus. Introduction of advanced treatment methodologies such as visco-supplementation and debridement & lavage procedure are expected to drive demand of palliative repair treatments. Visco-supplement requires injecting of hyaluronic acid onto a joint to isolate and separate synovial fluid during surgical procedure for Osteoarthritis (OA) disorders.
The cartilage regeneration industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to rising occurrence of musculoskeletal diseases, growing patient’s pool, and changing lifestyle among individuals. Asia-Pacific region is predicted to hold major market share in the cartilage regeneration market with massive growth in forecast period.
Countries such as India, Australia, China and New Zealand are leading the Asia-Pacific market with growing geriatric population, increasing healthcare expenditure, and significant investment by leading industry players considering potential opportunities in the region. The key players in the cartilage repair/regeneration industry are Zimmer Biomet Holdings, Inc., Stryker Co., DePuySynthes, Inc., Smith & Nephew plc, Vericel Co., Osiris Therapeutics Incorporations, B. Braun Melsungen AG, Anika Therapeutics Incorporations, Arthrex, Incorporations, and Collagen Solutions Plc.
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This report aims to provide detailed insights into the global cartilage repair market.
It provides valuable information on the type, procedure, application, and region in the market.
Expected Revenue Growth Analysis: The Cartilage Regeneration Market is projected to reach USD 1,603 million by 2025 from USD 787 million in 2020, at a CAGR of 15.3% during the forecast period.
The non-cell-based segment is divided into tissue scaffolds and cell-free composites.
Driver: Increasing Incidence of Osteoarthritis: Over the years, the incidence of osteoarthritis has increased across the globe.
The economic burden of osteoarthritis in the US is ~136.8 billion annually.
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.
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.
Compared with other body tissues, cartilage has a poor blood supply, and therefore limited potential to heal itself or to support donor cartilage.
Understanding the difference between cartilage damage in the knee and a sprain, or ligament damage, is not easy because the symptoms can be similar.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1735Key findings from the reportMosaicplasty is only used for isolated areas of cartilage damage, generally limited to 10-20 millimeters in size; this technique is most commonly used in patients under the age of 50 who picked up damage from an accidentTreatment modality segment includes cell based and non-cell based.
Growing prevalence of knee severities are likely to propel the demand for cartilage repair marketThe application segment comprises of hyaline cartilage, fibrocartilage and elastic cartilage.
Dairy Ingredients Market size was estimated at 13.7 million tons in 2015 and is expected to reach USD 86.97 billion by 2024.
Factors such as population starting to age, increased health issues, better awareness about the benefits of food products rich in nutrition, better production and sluggish lifestyle are expected to benefit the overall market.
A shift in food habits, from customary food to nutritional food has been observed.
The industry is extremely competitive with a huge number of companies trying to capture the market.
It comprises of few leading global companies and numerous minor regional companies.
The increased awareness about the health benefits of the food items rich in nutrition is expected to have positive impact on the market.
The global Scaffold Technology Market was appreciated at US$ 610.0 million in the year 2015 and is estimated to reach US$ 1.5 billion by 2024.
This represent maximum of the implantation processes.
The scaffold technology industry on the source of Type of Application could span Stem cell research, Clinical Application and Tissue Engineering, Medicine Improvement, Cancer, and Others.The subdivision of Cancer biology was responsible for the biggest stake during the year 2015.
The collective usage of stem cells and bio scaffolds offers an encouraging policy for the application of the tissue engineering and cellular distribution.
This is sequentially estimated to push the progress of this sector.The scaffold technology market on the source of Type of Product could span Nanofiber centered Scaffolds, Freeze Embryo Testing, Hydrogels, Micro patterned Surface Microplates, Polymeric Scaffolds.
Furthermore, biocompatibility and incorporation of hydrogels by means of the host tissue, is accountable for its accomplishment in measured drug delivery of medicines for the tissue engineering.The greater acceptance percentage of hydrogels is credited to its distended polymeric system construction.
