Press release
Artificial Cartilage Implant Market is Expecting Worldwide Growth by 2017 – 2025
Artificial cartilage implant market revenue is growing with a significant rate, this is attributed to increasing usage of these implants to repair degenerative cartilages. In addition to this, the artificial cartilage implants are useful in delaying total and partial joint replacement surgeries in elderly. Growing healthcare expenditure and increasing awareness regarding artificial cartilage implants is expected to boost the revenue growth of artificial cartilage implant market. Increasing number of new product launches also drives the market for artificial cartilage implants. However higher pricing of cartilage replacement surgeries along with the risk factors associated with artificial cartilages is expected to hamper the growth of the artificial cartilage implant market over the forecast period.
The artificial cartilage implant market is segment based on the type of articular cartilage and end user
Artificial cartilage implant market is segmented into following type
By anatomy of joints
Upper Extremity Joints
Lower Extremity Joints
Vertebral joints
By End User
Hospitals
Clinics
Ambulatory Surgical Centers
Artificial cartilage implant market revenue is expected to grow at a healthy growth rate, over the forecast period. The market is anticipated to perform well in the near future due to increasing FDA approvals of these implants. Also the market is anticipated to grow with a fastest CAGR over the forecast period, attributed to increasing investment in R&D and increasing number of new product launches which drives the revenue growth of artificial cartilage implant market.
Depending on geographic region, the artificial cartilage implant market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
North America is occupying the largest regional market share in the global artificial cartilage implant market owing to the presence of more number of market players, high awareness levels regarding the availability of artificial implants for cartilage replacement surgeries. Rising healthcare expenditure and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region also boost the revenue growth of artificial cartilage implants market. Europe is expected to perform well in the near future due to increasing prevalence of osteoarthritis of knee joint, which in turn increases the demand for artificial cartilage implants in the near future.
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Asia Pacific is expected to grow at the fastest CAGR because of increasing prevalence of osteoarthritis of knee joint and carpometacarpal (CMC) joint. Also increase in geriatric population in the region is anticipated to fuel the demand for artificial cartilage implants over the forecast period.
Some players of artificial cartilage implant market includes Biovation UK Limited, Cartiva Inc., Stryker etc. However many established and startup players are expected to enter this lucrative market. The companies in artificial cartilage implant market are increasingly engaged in R&D activities to capture a greater pie of market share as the market is in the nascent stage.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
To view complete report @ http://www.persistencemarketresearch.com/market-research/artificial-cartilage-implant-market.asp
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