Cartilage Repair Market Expansion during 2018-2025 | Future Growth Prospects and Industry Trends Analysis till 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 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.

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

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.

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Market Players:

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

Key Findings of the Cartilage Repair Market:

•Knee application is anticipated to grow with the highest CAGR throughout the forecast period.

•Hyaline cartilage occupied a nearly two-thirds share of in the cartilage repair market in 2017.

•North America accounted for more than one-third share of the global cartilage repair market in 2017.

•Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.

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