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Cartilage Repair Market - Industry Size, Growth and Demand Forecast to 2023

04-11-2018 08:27 AM CET | Health & Medicine

Press release from: P&S Market Research - Healthcare

Cartilage Repair Market - Industry Size, Growth and Demand

The global cartilage repair market is witnessing considerable growth due to increasing geriatric population, increasing obesity, increasing healthcare expenditure, and growing sports related injuries. Moreover, increase in innovative product launches and growth of medical tourism leading to awareness about the cartilage treatment modalities across the globe is supporting the growth of the market. Based on the treatment modalities, cell-based approaches segment is expected to grow at the fastest rate during the forecast period, due to long term results of this treatment.

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Geographically, North America has been the largest market for cartilage repair, owing to increasing prevalence of obesity, increasing healthcare expenditure, increased awareness, and easy accessibility to advanced technologies for cartilage repair and regeneration. The U.S. contributed largest revenue to the North American as well as global cartilage repair market. The increasing prevalence of sports injuries and increase in geriatric pool is the key driving factor for the U.S. cartilage repair market.

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The key players operating in the global cartilage repair market are Zimmer Biomet Holdings, Inc., Johnson & Johnson, Vericel Corporation, Smith & Nephew PLC, Osiris Therapeutics, Inc., RTI Surgical, Conmed Linvatec, B. Braun Melsungen AG, Anika Therapeutics S. R. L. and Arthrex, Inc.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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