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Cartilage Degeneration Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Cartilage Degeneration Market
As per the report, the cartilage degeneration market size has grown strongly in recent years. It will grow from $11.88 billion in 2023 to $12.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The cartilage degeneration market size is expected to see strong growth in the next few years. It will grow to $15.64 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
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Obesity-Related Factors Fueling Growth In The Cartilage Degeneration Market
The increasing prevalence of obesity is expected to propel the growth of the cartilage degeneration market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat to the extent that it may harm a person's health. Obesity can initiate and accelerate cartilage degeneration by increasing cartilage compressive forces and inflammatory cytokines. Obesity induces several pathological changes to the whole knee joint structure, including abnormal loading on the joint, joint malalignment, and muscle weakness. For instance, in May 2023, according to the Government Digital Service, a UK-based government body, in 2021-2022, around 63.8% of adults aged 18 years and over were overweight or living with obesity, an increase from 63.3% from the previous year. Further, among adults, 25.9% were estimated to be obese, which increased by 25.2% from 2020 to 2021. Therefore, the increasing prevalence of obesity is driving the growth of the cartilage degeneration market.
Innovative Products Transforming The Cartilage Degeneration Market
Major companies operating in the cartilage degeneration market are developing innovative products, such as Agili-C, to support bone remodeling and cartilage regeneration. Agili-C is a cell-free, off-the-shelf implant used to repair cartilage and osteochondral defects in traumatic and osteoarthritic joints. For instance, in July 2023, CartiHeal Ltd., an Israel-based medical device company, announced its first commercial implantation of Agili-C. The implant's goal is to encourage the natural process of articular cartilage and subchondral bone regeneration rather than relying on cells or growth factors. The implant is made from natural calcium carbonate, aragonite, derived from coral exoskeletons. The implant stimulates chondrocytes from the surrounding cartilage to migrate into the scaffold, depositing an extracellular matrix. This approval adds value to the implant by reassuring patients and healthcare providers that it is a safe and effective treatment option.
The cartilage degeneration market covered in this report is segmented -
1) By Procedure: Joint Replacements, Chondroplasty, Osteochondral Transplants, Microfracture, Meniscus Transplants, Cell-Based Cartilage Resurfacing, Autologous Chondrocyte Implantation, Other Procedures
2) By Application: Knee, Hip, Other Applications
3) By End User: Hospitals And Specialty Clinics, Ambulatory Surgical Centers, Academic And Research Institutes
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Major companies operating in the cartilage degeneration market report are Johnson & Johnson Services Inc., MEDIPOST Co. Ltd., Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew plc, B Braun Melsungen AG, Osiris Therapeutics Inc., Arthrex Inc., Conmed Corporation, Orthocell Ltd., Bioventus LLC, Aesculap Inc., Vericel Corporation, Anika Therapeutics Inc., Geistlich Pharma AG, MatTek Corporation, Breg Inc., Isto Biologics Inc., OrthoTrophix LLC, CellGenix GmbH, CartiHeal Inc., Cayenne Medical Inc., Collagen Solutions plc, Regentis Biomaterials Ltd., Histogen Inc., BioTime Inc., CollPlant Holdings Ltd., , ,
Contents of the report:
1. Executive Summary
2. Cartilage Degeneration Market Report Structure
3. Cartilage Degeneration Market Trends And Strategies
4. Cartilage Degeneration Market - Macro Economic Scenario
5. Cartilage Degeneration Market Size And Growth
…..
27. Cartilage Degeneration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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