Cartilage Repair Market to Reach USD 1570.16 Million by 2031, Growing at 12.13% CAGR | SkyQuest Technology

Dermatological Drugs Market

Market Overview:

Cartilage Repair Market size was valued at USD 927.63 million in 2019 and is poised to grow from USD 1040.29 million in 2023 to USD 1570.16 million by 2031, growing at a CAGR of 12.13% in the forecast period (2024-2031). The Cartilage Repair Market is poised for considerable growth, propelled by several key drivers, such as rising cases of neurological disorders, continuous technological innovation, and an increasing need for minimally invasive procedures, are expected to take the Cartilage Repair Market to considerable heights.

Other factors contributing to this can be attributed to the large and rapidly growing patient population suffering from such targeted diseases in key markets, resulting in a significant rise in demand for Veterinary Needles. One of the major factors acting as a potential catalyst to drive the market growth over the forecast period is a high prevalence of acute ischemic stroke.

Market Insights:

Cartilage Repair Market Drivers

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. As a result, as the prevalence of osteoarthritis rises, so will demand for cartilage repair and regeneration products.

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Key Market Segments:
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), OtherRequest

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Regional Insights:
Based on region global cartilage repair market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. The Asia Pacific region is expected to grow at a faster rate. North America accounted for the largest share of the cartilage repair and regeneration market, owing to the high prevalence of osteoarthritis, the growing prevalence of sports injuries, and increased research funding in the United States and Canada.

In addition, increased physician and patient awareness of innovative treatment techniques and technologies, as well as significant government investments in Cartilage Repair/Regeneration technologies and therapies, are all contributing to the market’s growth in North America. Over the projection period, the Asia Pacific region is expected to grow at a faster rate than other regions. Furthermore, the increased prevalence of osteoporosis in Australia and New Zealand is leading to an increase in cartilage injury, which is expected to accelerate vertical growth. South American, Middle Eastern, and African (MEA) markets have been gradually expanding in recent years. Because of the large population suffering from chronic joint and bone problems, these markets have untapped potential.

Prominent Players in Cartilage Repair Market:

  • DePuy Synthes (a subsidiary of Johnson & Johnson)
  • Zimmer Biomet Holdings Inc.
  • Smith & Nephew plc
  • Vericel Corporation
  • Osiris Therapeutics Inc. (acquired by Smith & Nephew in 2019)
  • Histogenics Corporation
  • Anika Therapeutics Inc.
  • Arthrex Inc.
  • Braun Melsungen AG
  • Stryker Corporation
  • CONMED Corporation
  • Orthocell Limited
  • RTI Surgical Holdings Inc.
  • MEDIPOST Co. Ltd.
  • CellGenix GmbH
  • Tissue Regenix Group plc
  • CollPlant Biotechnologies Ltd.
  • ISTO Technologies Inc.
  • MTF Biologics
  • CartiHeal Ltd

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Additional Insights:

Market Penetration: Analysis of the product portfolio of different market players and the status of new product launches.

Product Development/Innovation: Assessment of R&D activities, new product development, and emerging trends.

Market Development: Analysis of regions with high growth potential.

Market Diversification: Assessment of new products, recent developments, and emerging regional markets.

Competitive Landscape: Growth strategies, revenue analysis, and product innovations by market players.

Key Questions Answered in Cartilage Repair Market Report:

What is the global market size of the Cartilage Repair Market?

Who are the key vendors in the Cartilage Repair Market?

What is the key driver of the Cartilage Repair Market?

What is the key market trend for the Cartilage Repair Market?

Which region accounted for the largest share in the Cartilage Repair Market?

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