Press release
Regenerative Medicine For Cartilage Market Poised for 6.3 % Growth, Set to Hit $5.97 Billion by 2029
Regenerative Medicine For Cartilage Market Size
The escalating rates of osteoarthritis worldwide is predicted to spur the market for cartilage regenerative medicine. Osteoarthritis, a degenerative joint ailment, primarily affects the articular cartilage. The Arthritis Foundation suggests that by 2050, degenerative joint ailments like osteoarthritis will afflict at least 130 million individuals globally. Common treatments for osteoarthritis include autologous chondrocyte implantation and scaffold implants. Consequently, the anticipated growth in osteoarthritis cases is likely to catalyze demand for the market for regenerative medicine for cartilage.
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What is the future CAGR of the regenerative medicine for cartilage market, and how will it impact industry expansion?
In recent times, the market size for regenerative medicine used for cartilage has experienced significant growth. The market, valued at $4.43 billion in 2024, is anticipated to rise to $4.68 billion in 2025, marking a compound annual growth rate (CAGR) of 5.6%. The past period of growth could be traced back to the enhanced prevalence of chronic diseases, expansion of emerging markets, the execution of the 21st century cures act, an expedited surge in the aging population, and an increase in healthcare awareness and spending.
The market for regenerative medicine for cartilage is expected to witness significant expansion in the coming years, reaching $5.97 billion in 2029 with a compound annual growth rate of 6.3%. This growth during the forecast period can be attributed to factors such as increased demand for organ transplants, higher healthcare spending, advances in regenerative medicine technologies, increased funding for research into regenerative medicine, and changes in lifestyle patterns. Key trends for the forecast period include growing adoption of mesenchymal stem cell technology, increased research and development into the use of innovative gene therapy techniques, advancements in the transfer and clinical interpretation of technology, increased strategic collaborations, partnerships and agreements, the emergence and growth of new companies, the role of injectable hydrogel in cartilage repair as a regenerative medicine, and worldwide research initiatives and funding.
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How are the latest trends influencing the growth of the regenerative medicine for cartilage market?
The advancements in tissue engineering and stem cell therapy are rising trends in the regenerative medical space for the cartilage market. The evolution of tissue engineering techniques is providing potential for the restoration of cartilage. Stem cell therapy, with its merits compared to conventional orthopedic treatments, is attracting considerable interest. It not only helps in relieving knee pain but also enhances the regeneration and repair of knee cartilage. For example, injection of growth factors, like platelet-rich plasma (PRP), is employed to effectively stimulate tissue restoration. Firms engaged in the market are consistently endeavoring to bring forth new technologies for remaining viable in the regenerative medicine for cartilage market.
Which key market segments comprise the regenerative medicine for cartilage market and drive its revenue growth?
The regenerative medicine for cartilage market covered in this report is segmented -
1) By Product: Cell Based, Gene Based, Tissue Based
2) By End-Use: Ambulatory Surgical Centers, Hospitals And Clinics, Others
3) By Application: Musculoskeletal, Oncology, Dental, Wound Care, Others
Subsegments:
1) By Cell-Based: Chondrocyte-Based Therapies, Mesenchymal Stem Cell (MSC) Therapies, Induced Pluripotent Stem Cell (iPSC) Therapies, Embryonic Stem Cell (ESC) Therapies
2) By Gene-Based: Gene Modification Therapies, CRISPR-Based Gene Editing, Viral Vector Gene Therapies, Non-Viral Gene Therapies
3) By Tissue-Based: Autologous Tissue Grafts, Allogeneic Tissue Grafts, Xenogeneic Tissue Grafts, Synthetic Scaffolds
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What regions are at the forefront of regenerative medicine for cartilage market expansion?
Europe was the largest region in regenerative medicine for cartilage in 2024. The regions covered in the regenerative medicine for cartilage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the regenerative medicine for cartilage market?
Major companies operating in the regenerative medicine for cartilage market include Smith & Nephew plc, Integra LifeSciences, Stryker Corporation, MiMedx Group, Inc., Zimmer Biomet Holdings Inc., B. Braun Melsungen AG, AbbVie, CONMED Corporation, Arthrex Inc., Baxter International Inc., China Regenerative Medicine International, AstraZenaca, ABLbio, Cellgenix Gmbh, BioTissue Technologies, Corin Group, Medical Import Ltd., Orthonika, Merete, 3di GmbH, Aditus Medical GmbH, Anton Hipp GmbH, AREX SAS, Acelity L.P. Inc., Celgene Corporation, StemCells, Inc, Organogenesis Inc, NuVasive, Inc, Japan Tissue Engineering Co., Ltd, Advantagene, Inc., Mesoblast Ltd, Globus Medical, DePuy Synthes, Cryolife Inc, Johnson & Johnson, Medtronic Plc, Rti Surgical, CartiHeal, Inc., DJO Global Inc., Wright Medical Group, Auxein, Aesculap, Inc, AMEGA Biotech
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What Is Covered In The Regenerative Medicine For Cartilage Global Market Report?
• Market Size Forecast: Examine the regenerative medicine for cartilage market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the regenerative medicine for cartilage market for a structured understanding.
• Key Players Overview: Analyze major players in the regenerative medicine for cartilage market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the regenerative medicine for cartilage market.
• Segment Contributions: Evaluate how different segments drive overall growth in the regenerative medicine for cartilage market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the regenerative medicine for cartilage market.
• Industry Challenges: Identify potential risks and obstacles affecting the regenerative medicine for cartilage market.
• Competitive Landscape: Review strategic developments in the regenerative medicine for cartilage market, including expansions, agreements, and new product launches.
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