Cartilage Repair Market 2019 - Industry Analysis, Size, Share, Strategies, Demand Analysis and Projected huge Growth by 2026

Market Size - USD 4.80 Billion in 2018, Market Growth - CAGR of 5.6%, Market Trends - Product Launches and Research for Advanced Technological progressions

Based on current analysis, the global cartilage repair market was valued at USD 4.80 billion in 2018 and is expected to reach USD 7.42 billion by 2026, at a CAGR 5.6% Cartilage repair and regeneration is treatment for an otherwise healthy knee, but not for knees affected by osteoarthritis, a condition that causes natural cartilage deterioration from aging. Specifically, in the knee, the articular cartilage at the end of the thigh bone can become damaged from sports or other injuries, or even some illnesses, resulting in progressive pain and loss of mobility.

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In market segmentation by manufacturers, the report covers the following companies-

Zimmer Biomet, Stryker Corporation, DePuy Synthes, Smith & Nephew, Vericel Corporation, Osiris Therapeutics Inc., B. Braun Melsungen AG, Anika Therapeutics, Arthrex, and Collagen Solutions Plc.

For the purpose of this study, the market is segmented on the basis of treatment modality, application, treatment type, end use and regions:

Treatment modality (Revenue in USD Million; 2016-2026)
Cell-Based
Chondrocyte Transplantation
Growth Factor Technology
Non-Cell-Based
Tissue Scaffolds
Cell-Free Composites
Other

Application (Revenue in USD Million; 2016-2026)
Hyaline
Fibrocartilage
Other

Treatment type (Revenue in USD Million; 2016-2026)
Palliative
Viscosupplementation
Debridement & Lavage
Intrinsic Repair Stimulus
Other

End use (Revenue in USD Million; 2016-2026)
Hospital
Clinics
Ambulatory Surgical Centers
Other

Regional Outlook (Revenue in USD Million; 2016-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Compared with other body tissues, cartilage has a poor blood supply, and therefore limited potential to heal itself or to support donor cartilage. Cartilage, the slippery tissue on the ends of and between bones, provides cushioning and shock absorption. Cartilage is a connective tissue found in many parts of the body. Although it is a tough and flexible material, it is relatively easy to damage. Understanding the difference between cartilage damage in the knee and a sprain, or ligament damage, is not easy because the symptoms can be similar. The challenge of coming up with a better solution for cartilage regeneration is on the minds of many researchers.

Throughout the world, new research and techniques continue to look into this matter and the early results look promising. Wide-reaching intensifying occurrence of diabetes and obesity is probable to oversee the cartilage repair market growth during the forecast period. Diabetes consequences in increased cartilage loss. Moreover, the increase in overweight/obese population majorly in North American and Asian region is anticipated to fuel the demand for cartilage repair products during the forecast period.

Key findings from the report

New clinical trial is evaluating a next-generation approach to replacing damaged knee cartilage with healthy cartilage cultivated from a patient's own cells

Asia-Pacific regional segment of the cartilage repair market is expected to register itself as highest growing segment during the forecasted period, at a CAGR of 6.5%; owing it to the qualitative as well as quantitative market potential offered in developing nations such as China & India

The trial is evaluating NOVOCART3D, a combination device and procedure that develops "replacement" cartilage from a patient's own cartilage cells (chondrocytes). NOVOCART 3D builds on an established technique called autologous chondrocyte implantation

Mosaicplasty is only used for isolated areas of cartilage damage, generally limited to 10-20 millimeters in size; this technique is most commonly used in patients under the age of 50 who picked up damage from an accident

Treatment modality segment includes cell based and non-cell based. Cell based is further sub segmented into chondrocyte transplantation and growth factor technology. Cell based treatment modality dominated the cartilage repair market with a market share of 41.7%

About 14 million Americans have osteoarthritis of the knees severe enough to cause pain and inflammation, according to the Arthritis Foundation. Growing prevalence of knee severities are likely to propel the demand for cartilage repair market

The application segment comprises of hyaline cartilage, fibrocartilage and elastic cartilage. The hyaline segment is anticipated to register the largest market share and growing CAGR of 5.9%

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The report emphasizes the following key questions

Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?

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This release was published on openPR.