A Health Experts Guide to the Cartilage Repair Market | Amazing analysis and explanation

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Asia-Pacific is expected to see the highest growth over the analysis period, followed by LAMEA.

PORTLAND, OREGON, USA, September 8, 2022 /EINPresswire.com/ — 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 expected to reach $2,195 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025. North America is expected to be the top revenue contributor throughout the forecast period.

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https://www.alliedmarketresearch.com/cartilage-repair-market

Cartilage repair is a process that encompasses the treatment of damaged cartilage through different modalities such as chondroplasty, implantation of autologous chondrocytes, osteochondral allograft, and juvenile allograft fragments to restore normal connective tissue functions.

The cartilage repair market is expected to witness significant growth in the near future, driven by various factors such as obesity and sedentary lifestyle among people, increasing elderly population and increasing of arthritis in the world. However, the high cost associated with the cartilage repair process and an unclear regulatory environment are major factors expected to restrain the market growth. On the contrary, emerging markets such as India and China are expected to provide growth opportunities for market players over the forecast period.

By trend, chondroplasty and microfracture accounted for more than a quarter of the global cartilage repair market in 2017. In terms of applications, the knee segment accounted for nearly half of the market in 2017 and is expected to show significant growth. , due to the sharp increase in the prevalence of arthritis of the knee in ‘all over the world. .

Among end users, hospitals and clinics generate the highest revenue in 2017, due to various factors such as seeking different treatment options (chondroplasty, osteochondral autograft transplant and others) under one housing, palliative care and diagnosis. By region, North America was the largest contributor to the global market in 2017.

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Major Key Players –

The report provides in-depth competitive analysis and profiles of major market players such as Arthrex, Inc., B. Braun Melsungen AG, Conmed Corporation, Johnson & Johnson, Osiris Therapeutics, Inc., RTI Surgical, Inc., Smith & Nephew PLC. , Stryker Corporation, Vericel Corporation, and Zimmer Biomet Holdings, Inc. Other players in the value chain (not included in the report) include Anika Therapeutics, Inc., Collagen Solutions LLP, and Histogenics Corporation.

North America was the top revenue contributor in the global market in 2017, owing to the high adoption rate of cartilage repair products. However, Asia-Pacific is expected to grow at the highest CAGR of 16.5% from 2018 to 2025, due to increasing disposable income; increased research, development and innovation activities; and awareness of cartilage repair products.

Contents:

CHAPTER 1 INTRODUCTION

1.1. Description of the report
1.2. Main benefits for stakeholders
1.3. Key market segments

1.3.1. List of Key Players Featured in the Report

1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and templates

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Main results of the study

2.1.1. CXO point of view

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The growth of the cartilage repair market is propelled by the upsurge in the geriatric population, increasing prevalence of obesity, and increasing sedentary lifestyle in the population. Furthermore, increased awareness of cartilage repair products and rise in sports-related injuries are expected to drive the market growth over the forecast period.

The use of cartilage repair modalities is highest in North America, due to the availability of cartilage repair products, increased awareness of arthritis, and increased government healthcare spending, followed by Europe and Asia-Pacific. Additionally, orthopedic and medical device manufacturing companies have been focusing on expanding their presence in emerging economies, which is expected to boost the market growth.

Key Findings of the Cartilage Repair Market –

Hyaline cartilage occupied nearly two-thirds of the cartilage repair market in 2017.

The knee application is expected to grow with the highest CAGR throughout the forecast period.

North America accounted for more than a third of the global cartilage repair market in 2017.

Asia-Pacific is expected to see the highest growth over the analysis period, followed by LAMEA.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

David Correa
Allied Analytics LLP
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