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Cartilage Repair Market Predicted to Deliver Dynamic Progression until 2025 | Global Players Osiris Therapeutics, Stryker, Vericel, RTI Surgical

03-18-2019 04:24 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Cartilage Repair Market Predicted to Deliver Dynamic

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 an increase in obesity & sedentary lifestyle among the population, rise in elderly population, an upsurge in the prevalence of arthritis globally.

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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.

Major Players:

• Conmed Corporation
• Johnson & Johnson
• Osiris Therapeutics Inc.
• RTI Surgical Inc.
• Smith & Nephew PLC
• Stryker Corporation
• Vericel Corporation
• Zimmer Biomet Holdings Inc.

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 a 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.

Key Findings of the Cartilage Repair Market:

• Hyaline cartilage occupied a nearly two-thirds share of in the cartilage repair market in 2017.
• Knee application is anticipated to grow with the highest CAGR throughout the forecast period.
• 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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About Us:

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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