Press release
Cartilage Repair Market: Overview, Technology Advancements & Industry Perspectives 2025
It is anticipated that the cartilage repair market will grow considerably in the near future, due to different factors such as the increase in obesity and the sedentary lifestyle among the population, the increase in the elderly population and the increase in the prevalence of arthritis. Around the world.
However, the high costs associated with cartilage repair procedures and the unclear regulatory scenario are the key factors that are expected to impede market growth. On the contrary, it is anticipated that emerging markets such as India and China will provide lucrative growth opportunities to market participants during the forecast period.
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According to Allied Market Research 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.
By modality, chondroplasty and micro fracture accounted for more than a quarter of the global market for cartilage repair in 2017. In terms of application, the knee segment obtained almost half of the market share in 2017, and is projected to exhibit a prominent growth rate, due to the increase in the prevalence of knee osteoarthritis worldwide.
Among end users, hospitals and clinics generated the highest income in 2017, due to different factors such as the 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 income contributor in the global market in 2017.
North America was the main contributor of revenue to the global market in 2017, due to the high rate of adoption of cartilage repair products. However, Asia Pacific is expected to grow to the highest CAGR of 16.5% from 2018 to 2025, due to the increase in disposable income; increase in research, development and innovation activities; and increase awareness towards cartilage repair products.
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Major Companies:
• 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 Findings of the Cartilage Repair Market:
• Hyaline cartilage accounted for almost two thirds of the market share of cartilage repair in 2017.
• It is anticipated that the application of the knee will grow with the highest CAGR throughout the prognosis period.
• North America accounted for more than a third of the global cartilage repair market in 2017.
• It is anticipated that Asia-Pacific will grow at the highest rate during the analysis period, followed by LAMEA.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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