What is the global market size of Cartilage Repair Market?

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).

Global Cartilage Repair Market Size, Share, Growth Analysis, By Treatment modality type(Cell-Based (Chondrocyte Transplantation, Growth Factor Technology)), By Application(Hyaline, Fibrocartilage), By Treatment type(Palliative (Viscosupplementation, Debridement & Lavage)), By Site(Knee Cartilage Repair (Arthroscopic Chondroplasty, Autologous Chondrocyte) - Industry Forecast 2024-2031

Report ID: SQMIG35D2072 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 121 | Figures: 77

Global Cartilage Repair Market Insights

Cartilage Repair Market size was valued at USD 927.63 million in 2019 and is poised to grow from USD 1040.29 million in 2023 to USD 1570.16 million by 2031, growing at a CAGR of 12.13% in the forecast period (2024-2031).

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.

Global Cartilage Repair Market Report Snapshots

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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. 'DePuy Synthes (a subsidiary of Johnson & Johnson)', 'Zimmer Biomet Holdings Inc.', 'Smith & Nephew plc', 'Vericel Corporation', 'Osiris Therapeutics Inc. (acquired by Smith & Nephew in 2019)', 'Histogenics Corporation', 'Anika Therapeutics Inc.', 'Arthrex Inc.', 'B. Braun Melsungen AG', 'Stryker Corporation', 'CONMED Corporation', 'Orthocell Limited', 'RTI Surgical Holdings Inc.', 'MEDIPOST Co. Ltd.', 'CellGenix GmbH', 'Tissue Regenix Group plc', 'CollPlant Biotechnologies Ltd.', 'ISTO Technologies Inc.', 'MTF Biologics', 'CartiHeal Ltd'

Osteoarthritis has become increasingly common in recent years throughout the world. According to a University of North Carolina study, approximately 1 million knee and hip replacement procedures are performed in the United States each year. The annual cost of osteoarthritis in the United States is $136.8 billion. According to the Arthritis Foundation, degenerative joint diseases such as osteoarthritis will affect more than 130 million people worldwide by 2050. Two of the most common treatments for osteoarthritis are autologous chondrocyte implantation and Scaffolds implants. As a result, as the prevalence of osteoarthritis rises, so will demand for cartilage repair and regeneration products.

The number of companies focusing on the development of cartilage regeneration products has increased significantly in recent years as a result of rising government investments in regenerative medicine for cartilage regeneration research. As a result of these factors, the number of clinical trials and the development of new cartilage regeneration technologies has increased. Major market players are investing heavily in R&D, resulting in a robust pipeline of products based on various approaches to cartilage repair.

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.

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Global Cartilage Repair Market Insights

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