Global Cartilage Degeneration Market Growth to surge with Increasing Incidence of Obesity

Inkwood Research estimates that the Global Cartilage Degeneration Market is registered to project a CAGR of 4.64% in terms of revenue during the forecasting years of 2021-2028.

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Cartilage entails the smooth, connective tissue cushioning the meeting area of bones as well as joints. Cartilage degeneration is likely to result in chronic inflammation in the joints. The risk factors for the same include aging, sports injuries, accidental injury, weight, or trauma to joints such as knees or hips, and others.

Rising Prevalence of Obesity to Augment Market Growth

Obesity has a significant impact on the musculoskeletal system, leading to the degeneration of bones, ligaments, and cartilage.

Moreover, the condition, in addition to several other factors, is strongly associated with the augmenting risk of rapid cartilage loss. The increasing incidence of obesity is set to elevate the prevalence of cartilage degeneration, thereby fueling the market's growth. Conversely, the tremendous rate of obesity is likely to accelerate owing to unhealthy lifestyles such as the consumption of junk food, genetic conditions, sedentary lifestyle, as well as the deprivation of mental health.

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Cell-Based Cartilage Resurfacing is the Leading Procedure

Cell-based cartilage resurfacing entails cartilage repair with the assistance of tissue engineering as well as cell therapies. Generally, repairing damaged articular cartilage highlights a significant challenge of unsuccessful biological interventions, in addition to tissue repair capacity. As a result, this marks the need for improved cell-based therapeutic strategies in order to deal with cartilage repair. For instance, autologous chondrocyte implantation (ACI) is a state-of-the-art procedure recommended for treating injured full-thickness articular cartilage. While the Food and Drug Administration (FDA) approved autologous chondrocyte implantation at the end of the femur bone (thigh), the procedure is also recommended for patella (knee cap) defects.

North Market to Hold the Highest Market Share by 2028

On account of unhealthy lifestyles and imbalanced food fortification in North America, the incidence of obesity has risen and is anticipated to increase further over the upcoming years. Furthermore, obesity raises the risk of several complications like inflammatory and degenerative ailments such as joint pain and joint degeneration as well as osteoarthritis, thereby propelling the regional market's growth during the forecast years.

The competition among tier 1, 2, and 3 companies is continually rising across the global cartilage degeneration market. The threat of rivalry is also elevated among market participants, primarily within their respective segments. Besides, vendors distinguish their products based on key aspects, namely, cost, application, and quality.

The top firms in the market are Smith & Nephew PLC, Arthrex Inc, DePuy Synthes Companies, Stryker Corporation, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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