Cartilage Repair Market Witnessing Robust Growth and Growing at the CAGR of 15.0% during forecast period 2018-2025

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

The cartilage repair market is anticipated to grow considerably in the near future, owing to different factors such as the increase in obesity & sedentary lifestyle among the population, rise in elderly population, an upsurge in the prevalence of arthritis globally.

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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 projected to reach $2,195 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period.

However, high costs associated with cartilage repair procedures and unclear regulatory scenario are the key factors that are expected to impede the market growth. On the contrary, the emerging markets such as India and China are anticipated to provide lucrative growth opportunities to the market players during the forecast period.

By modality, chondroplasty & microfracture accounted for more than one-fourth share of the global cartilage repair market in 2017. In terms of application, the knee segment garnered nearly half of the market share in 2017 and is projected to exhibit prominent growth rate, owing to the surge in the prevalence of knee osteoarthritis globally.

Among end users, hospitals & clinics generated the highest revenue in 2017, due to different factors such as availability of different treatment options (chondroplasty, osteochondral autograft transplantation, and others) under one roof, palliative care, and diagnosis. By region, North America was the highest revenue contributor in the global market in 2017.

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Major Players:

•Arthrex Inc.
•B. Braun Melsungen AG
•Conmed Corporation
•Johnson & Johnson
•Osiris Therapeutics Inc.
•RTI Surgical Inc.
•Smith & Nephew PLC
•Stryker Corporation
•Vericel Corporation
•Zimmer Biomet Holdings Inc.

Key Benefits :

• This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with the strategic assessment of global cartilage repair market.

• Market size and estimations are based on a comprehensive analysis of the modalities, applications, end users, and developments in the industry.

• An in-depth analysis based on region assists to understand the regional market and facilitate the strategic business planning.

• The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

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