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