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What's driving the Knee Cartilage Repair Market Growth? Prominent Players: Arthrex, Medipost, Histogenics Corporation, Vericel Corporation, Osiris Therapeutics, CellGenix GmbH
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For Instance, after receiving FDA IDE approval, CartiHeal has recently performed its first cartilage repair implantation procedure using Agili-C™ at the Missouri Orthopedic Institute. The market is witness several similar endeavors undertaken by the leading players, which are paving way for its growth.
In terms of cartilage type, the market is classified into Hyaline Cartilage and Fibrocartilage. The hyaline cartilage is a progressive segment and likely to expand at a faster rate. According to the report, frequent product launches are expected to contribute towards market expansion. For instance, CO.DON AG, introduced Spherox in the Europe knee cartilage repair market. Spherox is specially developed to treat knee cartilage tear or damage and offer enhanced personalized healing. Such factor positively contributes in market expansion.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Arthrex
• Medipost
• Histogenics Corporation
• Isto Biologics (Formerly Arteriocyte)
• Vericel Corporation
• Osiris Therapeutics
• CellGenix GmbH
Increasing cases of knee injury and rising implementation of favorable reimbursement policies are factors responsible to propel growth in the global market over forecast period 2019-2026. Moreover, technological upgrades in the medical imagining technology such as MRI is expected to drive the global market.
The knee cartilage repair treatment involves consumption of regenerative stem cells. Increasing consumption of regenerative stem cells is in response anticipated to fuel the demand for knee cartilage repair treatment and therapeutics.
North America to Dominate Global Market
In the global knee cartilage repair market North America held a considerable share in 2018. Furthermore, the region is foreseen to emerge dominant in market over the forecast period 2019-2026. Increasing private and government funding to undertake research on scaffolds in the autologous chondrocyte implantation procedure is likely to enable growth. Such research being conducted is likely to enable growth in the market. B. Braun Melsungen AG company and Aesculap, Inc. are involved in a phase 3 clinical research on NOVOCART 3D.
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The product is a tissue-engineered cell-based product specially designed for treatment of knee cartilage damage. The product is yet to be approved by the Food and Drug Administration for use in the U.S. The approval will further lead to increase in demand for knee cartilage repair procedure. However, NOVOCART 3D is approved in Europe and can be used during the knee cartilage repair treatment.
By Geography:
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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