San Francisco, 19 November 2018: According to a report
by Grand View Research, Inc.; the global cartilagerepair market is anticipated to reach USD 6.7 billion by 2025. Growing
prevalence of joint and bone disorders such as arthritis and osteoporosis (OA) is
anticipated to fuel market growth over the forecast period (2018 to 2025).
Increasing number of geriatric population being
prone to various bone and joint related problems can positively influence
growth of market for cartilage repair. Rising cases of obesity and diabetes
leading to cartilage loss can further surge demand. Increasing number of road
accidents and sports related injuries globally can result in severe bone and
joint related injuries. This, in turn, can fuel demand for cartilage repair
products during the forecast period.
The worldwide cartilage repair market can be
segregated on the basis of treatment modality, application, treatment type,
site, and region. Based on treatment modality, the market can be divided into
cell-based and non-cell based. In 2016, cell-based segment accounted for
largest market share. It is expected to grow at similar pace over the forecast
period. Rising preference for autologous chondrocyte transplants for surgical
treatment of damaged articular cartilage can fuel growth in near future. Non-cell
based segment can be divided further into cell-free composites and tissue
scaffolds. Tissue scaffold stimulate cartilage and bone growth when
transplanted into knees and other joints. Hence, they are extensively used as
compared to cell-free composite.
Access
Research Report of Cartilage
Repair/Regeneration Market@ www.grandviewresearch.com/industry-analysis/cartilage-repair-regeneration-market
Based on application, the market can be bifurcated
into hyaline cartilage and fibrocartilage. Hyaline cartilage is predicted to
dominate the market over the forecast period. Rising cases of physical trauma can
cause chondral lesions and osteochondral in patients. The segment is expected
to witness significant growth during the forecast period owing to high
susceptibility of damage to hyaline cartilage due to injuries. In addition,
surge in sports related traumas to can result in articular cartilage defects of
knee and other joints. This factor can further fuel market growth.
Based on treatment type, the market can be
categorized into palliative and intrinsic repair stimulus. In 2016, intrinsic
repair stimulus held the largest market share. Extensive use of microfracture
technique during cartilage repair surgeries can fuel adoption over the forecast
period. Intrinsic repair stimulus includes drilling and microfracture
techniques that stimulate Mesenchymal Stem Cells (MSC) to the site of injured
cartilage to form repair tissue.
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On the other hand, palliative segment can be
further categorized into viscosupplementation and debridement and lavage.
Viscosupplementation involves injecting hyaluronic acid into joints to replace
or supplement synovial fluid for treatment of osteoporosis of toe, thumb, and
other small joints. The segment is anticipated to witness significant growth
over the forecast period due to rising demand for hyaline-like regeneration of
cartilage.
Based on site, the market for cartilage repair can
be classified into knee cartilage repair and others. Knee cartilage repair
segment is expected to dominate the market over the forecast period attributed
to higher usage in repair procedures. Rising cases of osteoporosis and
increasing incidents of accident injuries can drive expansion over the forecast
period.
Regional segmentation includes Europe, North
America, Asia Pacific, Latin America, and Middle East and Africa (MEA). In
2016, North America dominated the market and accounted for 50% market share.
Rising cases of musculoskeletal diseases coupled with presence of target
population can fuel regional market growth. In addition, changing lifestyle of
individuals in Canada and U.S. can further augment market over the next few
years. Europe is estimated to witness significant growth owing to high
prevalence of osteoporosis in Germany, U.K., and France. According to the National
Health Service (NHS), osteoporosis affects 3 million people in U.K. every year.
Asia Pacific is predicted to expand at the highest
CAGR during the forecast period as compared to other regions. Rising cases of
diabetes in Japan, China, and Australia can fuel market growth in the region.
In addition, growing cases of osteoporosis and cartilage damage in Australia
and New Zealand are expected to stimulate growth of the regional market during
the forecast period.
Some of the leading companies in cartilage
repair market are DePuy Synthes, Smith & Nephew plc, Zimmer Biomet, Stryker
Corporation, and Vericel Corporation. Most companies adopt growth strategies
such as acquisitions and merger, product launch, and regional expansions to
sustain market competition.
Access
Press Release of Cartilage Repair/Regeneration Market@ www.grandviewresearch.com/press-release/global-cartilage-repair-regeneration-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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