Report ID: UCMIG35D2107 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: Figures:HLA Typing Market
Report ID: SQMIG35D2072 | Region: Global | Published Date: August, 2022 | Pages: 157 | Tables: 121 | Figures: 77
Cartilage Repair Market size was valued at USD 927.63 million in 2021 and is poised to grow from USD 1040.29 million in 2022 to USD 1570.16 million by 2030, growing at a CAGR of 12.13% in the forecast period (2023-2030).
Cartilage regeneration replaces articular cartilage, which acts as a cushion between bone terminals. When the cartilage between the bones is injured or worn down, it causes pain near the sensitive nerve ends. Because cartilage lacks a blood supply, its ability to repair itself is limited. Cartilage repair is the restoration of the cartilage (articular) surface of a joint that has been impacted by an osteochondral/chondral defect. After an accident, the injured joint usually swells, and the swelling can last for weeks or even months. Articular cartilage is a defect caused by osteoarthritis that is less important for repairs due to its vascular structure and limited mitotic capabilities. Symptoms of cartilage loss include movement restrictions, muscle stiffness, soreness, inflammation, and physical disability. The rising prevalence of diabetes and obesity worldwide is expected to drive the cartilage repair market over the forecast period. Diabetes accelerates cartilage degeneration.
US Cartilage Repair Market is poised to grow at a sustainable CAGR for the next forecast year.
To get more reports on the above market click here to Buy The Report
Global cartilage repair market is segmented based on treatment modality, application, treatment type, site, and region. Based on treatment modality market is segmented as cell-based (chondrocyte transplantation, growth factor technology), non-cell-based (tissue scaffolds, cell-free composites). Based on application market is segmented as hyaline, fibrocartilage. Based on treatment type market is segmented as palliative (viscosupplementation, debridement & lavage), intrinsic repair stimulus. Based on site, market is segmented as knee cartilage repair (arthroscopic chondroplasty, autologous chondrocyte, osteochondral grafts transplantation, cell-based cartilage resurfacing, microfracture, other), other. Based on region market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Cartilage Repair Market Analysis by Treatment Type:
The treatment is classified as palliative or intrinsic repair stimulus. Because of the widespread use of the microfracture technique during cartilage repair surgeries, the intrinsic repair stimulus segment grew to be the largest. Microfracture and drilling techniques that stimulate Mesenchymal Stem Cells (MSC) to the site of injured cartilage to form repair tissue are examples of intrinsic repair stimuli.
The palliative segment is divided into two parts: viscosupplement and debridement & lavage. In order to treat OA of the thumb, toe, or other small joints, hyaluronic acid is injected into the joint to replace or supplement synovial fluid. Because of the increase in OA-induced pain and rising demand for hyaline-like cartilage regeneration, the viscosupplement segment is expected to gain market share over the forecast period.
To get detailed analysis on other segments, Request For Sample Report
Based on region global cartilage repair market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. The Asia Pacific region is expected to grow at a faster rate. North America accounted for the largest share of the cartilage repair and regeneration market, owing to the high prevalence of osteoarthritis, the growing prevalence of sports injuries, and increased research funding in the United States and Canada. In addition, increased physician and patient awareness of innovative treatment techniques and technologies, as well as significant government investments in Cartilage Repair/Regeneration technologies and therapies, are all contributing to the market's growth in North America. Over the projection period, the Asia Pacific region is expected to grow at a faster rate than other regions. Furthermore, the increased prevalence of osteoporosis in Australia and New Zealand is leading to an increase in cartilage injury, which is expected to accelerate vertical growth. South American, Middle Eastern, and African (MEA) markets have been gradually expanding in recent years. Because of the large population suffering from chronic joint and bone problems, these markets have untapped potential.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Cartilage Repair Market Drivers
Cartilage Repair Market Restraint
Although cartilage repair surgeries provide better and longer-lasting results than total knee replacement surgeries, the cost of these therapies is a major barrier to patient adoption. Knee replacement procedures typically cost around USD 16,000, while cartilage repair procedures typically cost between USD 18,000 and USD 23,000, depending on the region where the procedure is performed. Such high costs undervalue the outcomes of cartilage repair therapies, resulting in a lower preference for these procedures over knee replacement surgeries.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global cartilage repair market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Global Cartilage Repair Market
Cartilage Repair Market Recent Developments
Stryker partnered with Minor League Baseball in April 2021 to become the official SmartRobotics joint replacement partner. Stryker has introduced Mako SmartRobotics, the latest advancement in joint replacement technology that uses 3D CT-based planning software for hip and knee replacement. It aids surgeons in creating a 3D image of each patient's distinct anatomy.
Smith-Nephew and Huma collaborated in March 2021. A remote patient monitoring app for orthopedic surgery was created using digital technology. Due to COVID-19, surgeries in the United Kingdom are operating at 50% of normal capacity, with approximately 250,000 patients on the waiting list for orthopedic operations. To reintroduce safe surgery, the company, in collaboration with Huma, devised a method for surgeons to better prepare their patients through remote monitoring app.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global cartilage repair market analysis, the market is being driven by the increasing prevalence of joint and bone disorders, as well as an aging population. Technological advancements and an increasing number of road accidents and sports-related injuries are also driving the market. The prevalence of orthopaedic injuries and osteoarthritis is expected to drive the Knee Cartilage Repair Market.
|Market size value in 2021||USD 927.63 million|
|Market size value in 2030||USD 1040.29 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Cartilage Repair Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cartilage Repair Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cartilage Repair Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cartilage Repair Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQMIG35D2072