Global Cartilage Repair Market to Grow at a CAGR of 13.9% by 2028

According to the latest research by SkyQuest Technology, Global Cartilage repair market was valued at USD 1 billion in 2021 and it is expected to reach at USD 3.5 billion by 2028, with CAGR of 13.9% over the forecast period (2022-2028).
The rising prevalence of bone and joint disorders such as osteoarthritis (OA) or arthritis, as well as technological advancements in cartilage regeneration, are expected to drive market growth globally. The prevalence of OA is increasing as the geriatric population grows, as are related factors such as obesity. This condition is a major cause of disability in the United States, affecting over 20.0 million Americans in 2012, with a projected increase to 40.0 million over the next ten years. Currently, the disease has affected over 30.0 million adults in the United States. Furthermore, over 12.0 million people in the United States suffer from knee pain and seek medical attention.
Furthermore, OA affects approximately 15.0 million Indians and approximately 10.0 million people in the United Kingdom each year, driving the growth of this industry.

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Over the forecast period, the global rising prevalence of diabetes and obesity is expected to govern the cartilage repair market growth. Diabetes causes accelerated cartilage loss. Furthermore, the growing obese (overweight) population, particularly in Latin America and the Middle East and Africa, is expected to drive demand for cartilage repair products during the forecast period.
Read Market Research Report, "Global Cartilage Repair Market By Treatment Modality Type (Cell-Based (Chondrocyte Transplantation, Growth Factor Technology), Non-Cell-Based (Tissue Scaffolds, Cell-Free Composites)), Application (Hyaline, Fibrocartilage), Treatment Type (Palliative (Viscosupplementation, Debridement & Lavage), Intrinsic Repair Stimulus) Site (Knee Cartilage Repair (Arthroscopic Chondroplasty, Autologous Chondrocyte, Osteochondral Grafts Transplantation, Cell-Based Cartilage Resurfacing, Microfracture, Other), Other), and Region - Forecast and Analysis 2022-2028" by SkyQuest.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Global Cartilage repair market revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings
● Drivers- Osteoarthritis is becoming more common. Osteoarthritis has become increasingly common in recent years throughout the world. According to a University of North Carolina study, approximately 1 million knee and hip replacement procedures are performed in the United States each year. The annual cost of osteoarthritis in the United States is $136.8 billion. According to the Arthritis Foundation, degenerative joint diseases such as osteoarthritis will affect more than 130 million people worldwide by 2050. Two of the most common treatments for osteoarthritis are autologous chondrocyte implantation and Scaffolds implants.
● Restraint
Although cartilage repair surgeries provide better and longer-lasting results than total knee replacement surgeries, the cost of these therapies is a major barrier to patient adoption. Knee replacement procedures typically cost around USD 16,000, while cartilage repair procedures typically cost between USD 18,000 and USD 23,000, depending on the region where the procedure is performed. Such high costs undervalue the outcomes of cartilage repair therapies, resulting in a lower preference for these procedures over knee replacement surgeries

● What does this Report Deliver?
• Market Estimation for 20+ Countries
• Global Cartilage repair market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Global Cartilage repair market Trends
• Comprehensive Mapping of Global Cartilage repair market Parameters
• Attractive Investment Proposition in the Global Cartilage repair market Industry
• Competitive Strategies Adopted by Global Cartilage repair market Key Players
• Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Cartilage repair market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Global Cartilage repair market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Global Cartilage repair market Sales
• Parent market analysis
• Product portfolio benchmarking

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SkyQuest has segmented the Global Cartilage Repair Market based on Treatment Modality, Application, Treatent Type, Site, and Region:
● Global Cartilage repair market by treatment modality type (Revenue, USD Billion, 2021-2028)
o Cell-Based
 Chondrocyte Transplantation
 Growth Factor Technology
o Non-Cell-Based
 Tissue Scaffolds
 Cell-Free Composites

● Global Cartilage repair market by application type (Revenue, USD Billion, 2021 - 2028)
o Hyaline
o Fibrocartilage

● Global Cartilage repair market by treatment type (Revenue, USD Billion, 2021 - 2028)
o Palliative
 Viscosupplementation
 Debridement & Lavage
o Intrinsic Repair Stimulus

● Global Cartilage repair market by site (Revenue, USD Billion, 2021-2028)
o Knee Cartilage Repair
 Arthroscopic Chondroplasty
 Autologous Chondrocyte
 Osteochondral Grafts Transplantation
 Cell-based Cartilage Resurfacing
 Microfracture
 Other
● Global Cartilage repair market by Region (Revenue, USD Billion, 2021 - 2028)
o North America
o US
o Canada
o Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
o Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Colombia
o Middle East & Africa
o South Africa
o Rest of Middle East & Africa

Key Players in the Global Cartilage Repair Market
• Smith+ Nephew,
• Stryker,
• Zimmer Biomet,
• B. Braun Melsungen AG,
• The Future of Biotechnology,
• MEDIPOST,
• Vericel Corporation,
• CONMED Corporation,
• Medical Devices Business Services (DePuy Synthes),
• Meril Life Sciences Pvt. Ltd.,
• Arthrex, Inc.,
• Medacta International,
• Teijin Nakashima Medical Co., Ltd.,
• BioTissue SA,
• ISTO Technologies, Inc.,
• CartiHeal, Inc.,
• Mathys AG Bettlach,
• Waldemar Link GmbH & Co.KG,
• JRI Orthopaedics,
• Regentis Biomaterials Ltd.,
• Auxein Medical.,
• EVOLUTIS INDIA PVT. LTD., and
• Japan MDM, Inc.

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This release was published on openPR.