11-May-2022 | Zion Market Research
The global Cartilage Repair/Regeneration Market was worth around USD 852.9 million in 2021 and is estimated to grow to about USD 1962.538958 million by 2028, with a compound annual growth rate (CAGR) of approximately 14.9 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.
Cartilage regeneration replaces articular cartilage, which provides a cushion between bone endings. When cartilage is injured or worn down, bone collides with bone, causing discomfort near the sensitive nerve ends. Because cartilage lacks a blood supply, its capacity to mend itself is limited. Cartilage repair means the restoration of the cartilage (articular) surface of a joint that has been affected by an osteochondral/chondral defect. The affected joint usually swells up following injury, and it may take weeks or even months before the swelling goes down. Articular cartilage is a defect caused by osteoarthritis, and it is less essential for any repairs because of its vascular structure and limited mitotic functions. Cartilage loss causes movement restrictions, muscle stiffness, discomfort, inflammation, and physical impairment. Various procedures for cartilage regeneration have been proposed, however, the perfect treatment has yet to be discovered.
Over the projected period, the cartilage repair market is expected to be governed by the rising prevalence of diabetes and obesity around the world. Diabetes leads to a greater loss of cartilage. Furthermore, throughout the forecast period, a global increase in the obese (overweight) population, primarily in Latin America and the MEA region, is likely to fuel demand for cartilage repair products. Sports injuries, accidents, and an increasingly elderly and obese population around the world are just a few of the major causes driving the cartilage repair/regeneration industry worldwide. In addition, technological developments and the development of novel therapeutic procedures are propelling the industry forward.
The global cartilage repair/regeneration market is segregated based on Treatment Modality, Application, Application Site, and End User. Based on treatment modality, the global market is distinguished into cell-based and non-cell-based. Based on application, the global market is bifurcated into hyaline cartilage and fibrocartilage. Based on the application site, the global market is segregated into Knee, Hip, Ankle and Foot, and Other Application Sites. Based on end-user, the global market is distinguished into Hospitals and Ambulatory Surgery Centers and Clinics.
North America accounted for the largest share of the cartilage repair and regeneration market owing to the high burden of osteoarthritis, increasing prevalence of sports injuries, and increasing research investments in the US and Canada. Furthermore, rising physician and patient awareness of newly introduced treatment techniques and technologies, as well as significant government investments in the technologies and therapies used in Cartilage Repair/Regeneration, are all contributing to the market's rise in North America. In comparison to other regions, the Asia Pacific area is expected to have a higher CAGR throughout the projection period. Additionally, the rising frequency of osteoporosis in Australia and New Zealand is leading to a surge in cartilage injury, which is expected to fuel the vertical's expansion. The markets in South America and the Middle East and Africa (MEA) have been steadily growing in recent years. Due to a huge population suffering from chronic joint and bone disorders, these markets have untapped potential.
Key players functioning in the global Cartilage Repair/Regeneration Market include DePuy Synthes (US), Smith & Nephew plc (UK), Zimmer Biomet (US), CONMED Corporation (US), Stryker Corporation (US), and Vericel Corporation (US).
Browse the full “Cartilage Repair/Regeneration Market By Treatment Modality (Cell-based and Non-cell-based), By Application (Hyaline cartilage and Fibrocartilage), By Application Site (Knee, Hip, Ankle and Foot, and Other Application Sites), By End User (Hospitals and Ambulatory Surgery Centers and Clinics).” Report at https://www.zionmarketresearch.com/report/cartilage-repair-cartilage-regeneration-market
Global Cartilage Repair/Regeneration Market is segmented as follows:
By Treatment Modality
By Application Site
By End User
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