The global cartilage repair/regeneration market is expected to reach USD 6.7 billion by 2025,
according to a new report by Grand View Research, Inc. The market is expected
to witness lucrative growth over the forecast period, owing to increasing
prevalence of bone & joint disorders, such as Osteoarthritis (OA), rising
geriatric population, and surge in number of accidents & related injuries
across the globe.
Increasing number of road accidents
worldwide are causing bone and joint injuries, which is anticipated to fuel the
demand for cartilage repair products over the forecast period. For instance, as
per data published by the World Health Organization (WHO) in November 2016,
approximately 1.25 million people die each year in road accidents worldwide,
owing to the influence of alcohol & reckless driving, use of mobile phone,
and other associated factors such as bad weather conditions & improper road
construction.
Around 30.0 million children and
adolescents participate in youth sports in the U.S each year. This increase in
sports activity increases incidents of injuries in athletes, which in turn
propels demand for cartilage repair products. According to research data by the
American Orthopaedic Society for Sports Medicine, over 3.5 million athletes
receive medical treatment due to sports injuries each year.
Full research report on Cartilage Repair Market analysis: http://www.grandviewresearch.com/industry-analysis/cartilage-repair-regeneration-market
Further Key Findings From the Study Suggest:
·
The cell-based segment held a profitable
revenue share in 2016 and is anticipated to grow at a significant rate over the
forecast period owing to rising preference for autologous chondrocyte
transplantation for surgical treatment of damaged articular cartilage (chondral
and osteochondral lesions)
·
The hyaline cartilage segment is
anticipated to witness the fastest growth during the forecast period due to
high susceptibility of damage to hyaline cartilage in case cartilage-related
injuries and increase in sport injuries
·
Owing to the extensive use of microfracture
techniques during cartilage repair surgeries, the intrinsic repair stimulus
segment dominated the market in 2016
·
Increasing prevalence of OA and rise in
accident-related injuries are anticipated to support the growth of knee
cartilage repair segment
·
North America is expected to dominate the
cartilage repair market during the forecast period, owing to the rising
prevalence of bone & joint disorders, increase in number of accidents &
injuries, and growing geriatric population in the region are expected to spur
the cartilage regeneration market growth.
·
Some of the key players of cartilage repair
market are Zimmer Biomet; Stryker Corporation; DePuy Synthes; Smith &
Nephew plc; Vericel Corporation; Osiris Therapeutics Inc.; B. Braun Melsungen
AG; Anika Therapeutics, Inc.; Arthrex, Inc.; and Collagen Solutions Plc.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global cartilage repair/regeneration market on the basis of treatment modality,
application, treatment type, site, and region:
Treatment Modality Outlook (Revenue, USD Million, 2014 -
2025)
·
Cell-Based
o Chondrocyte Transplantation
o Growth Factor Technology
·
Non-Cell-Based
o Tissue Scaffolds
o Cell-Free Composites
Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Hyaline Cartilage
·
Fibrocartilage
Treatment Type Outlook (Revenue, USD Million, 2014 -
2025)
·
Palliative
o Viscosupplementation
o Debridement & Lavage
·
Intrinsic Repair Stimulus
Site Outlook (Revenue, USD Million, 2014 - 2025)
·
Knee Cartilage Repair
o Arthroscopic Chondroplasty
o Autologous Chondrocyte
o Osteochondral Grafts Transplantation
o Cell-based Cartilage Resurfacing
o Microfracture
o Other
·
Other
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
Middle East and Africa (MEA)
o South Africa
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-cartilage-repair-regeneration-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
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