Knee Cartilage Repair Market to Reach an Estimated Value of US$ 6.7 Billion by 2026

The global knee cartilage repair market continues to rise as the geriatric population of the world grows, as well as lifestyle modification and increased participation in outdoor and sports activities amongst both young and old.

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In the near future, the market is projected to be propelled by a surge in the incidence of joint and bone injuries, more knowledge about health care systems, and advancements in technology. In addition to that, the global knee cartilage repair market is expected to be driven by rising incidences of sports injuries and arthritis-related illnesses.

Some prominent players that are operating in the global knee cartilage repair market include names such as B. Braun Melsungen AG, Smith & Nephew plc., Zimmer Biomet Holdings Inc., Osiris Therapeutics, Inc., ISTO Technologies, Inc., and Vericel Corporation.

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The global knee cartilage repair market was worth more than US$ 3 Bn in 2017. It is expected to reach a value of around US$ 6.7 Bn through 2026, with a growth rate of more than 6.0 % CAGR over the forecast period, from 2018 and 2026. Due to rise in sports activity among the young generation and growing digitization of practices of pain management, the market is expected to observe high growth. Increased demand for knee cartilage repair is being driven by the development of neuromuscular diseases amongst the senior population, and surge in knee fractures amongst women and men.

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Market in the North America Region to Thrive on High Adoption of Orthopaedic Surgery

In North America, the market is largely driven by an increase in the prevalence of orthopaedic diseases, high adoption of orthopaedic surgery, and sports injuries. Furthermore, in the US, a surge in arthroscopic chondroplasty procedures has been seen, which is expected to drive the knee cartilage repair market over the forecast period, from 2018 and 2026.

In the foreseeable future, Asia Pacific is expected to be a fast rapidly growing market for knee cartilage repair. In Asia Pacific, China is likely to dominate the market over the forecast period. While rest of the regions in the Asia Pacific market is expected to grow at a considerably high CAGR over the forecast period.

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Rise in the Prevalence of Knee Arthritis and Musculoskeletal Problems to Boost Market Growth

The growth in the number of orthopaedic operations, as well as the use of various implant substances during knee surgery, is expected to boost the global knee cartilage repair market. Various knee cartilage repair technologies, such as implants, provide a number of advantages and features, including enhanced patient mobility, which may be implemented by physicians and surgeons for patients with varying abilities. Key companies offering knee cartilage restoration are coming up with value-added elements, such as synthetic or biological material characteristics. These characteristics aid in lowering overall operational expenses while also increasing the efficacy and efficiency of physiotherapy done on the knees.

The cell-based cartilage-resurfacing sector is expected to grow at a rapid pace over the forecast timeframe. The growth in the occurrence of orthopaedic operations, and the high prevalence of damaged articular cartilage and arthritis amongst the global population, are the factors contributing towards the high growth rate of the cell-based cartilage-resurfacing sector.

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Furthermore, an increase in physician and patient demand for minimally invasive orthopaedic procedures is projected to fuel demand in the market. Furthermore, cell therapy and tissue engineering approaches are having a beneficial impact on orthopaedic patients, which is expected to drive demand for cell-based cartilage resurfacing throughout the forecast timeframe. The large share held by the cell-based cartilage-resurfacing sector is due to the presence of reimbursement and Medicare benefits provided to patients for the treatment of and knee arthritis.

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