MARKET INTRODUCTION
Cartilage is a smooth, rubbery connective tissue that provides a smooth surface for joint motion. Cartilage found on the end of each bone such as ends of the ribs, ears & nose and between elbows, knees & ankles. Cartilage helps to stabilize joints and absorbs the force for easy movement. Due to some reasons, the body started to lose the cartilage component. When the water content increases, the protein makeup of cartilage degenerates. In turn, joint pain and swelling occur that leads to serious health issues including friction between the bones and limitation of joint mobility. The damage generally occurs after accidental injury or trauma to joints such as hips or knees.
MARKET DYNAMICS
Increasing prevalence of bone disorders such as arthritis, aging population, and growing advancements in cartilage regeneration are major driving factors for the growth of the market. Osteoarthritis prevalence is increasing worldwide due to the aging population. For instance, as per the CDC, during 2013-2015, approximately 54.4 million adults had a specific type of arthritis or joint disorder. Moreover, the prevalence is expected to rise in the future. As per the WHO, by 2050, around 130 million people are expected to suffer from osteoarthritis globally. Also, technological advancements and new product launches are collectively driving the growth of the market.
MARKET SCOPE
The "Global Cartilage Repair Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of cartilage repair market with detailed market segmentation by modality, type, application, end user, and geography. The global cartilage repair market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cartilage repair market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cartilage repair market is segmented on the basis of modality, type, application and end user. Based on modality, the market is segmented into chondroplasty & microfracture, autologous chondrocyte implantation, osteochondral allograft, and juvenile allograft fragments. Based on type, the market is segmented into hyaline cartilage and fibrocartilage. Based on application the market is segmented into knee, shoulder, and others. Based on end user, the market is segmented into hospitals & clinics, ambulatory surgical centers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global cartilage repair market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The cartilage repair market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting cartilage repair market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the cartilage repair market in these regions.
MARKET PLAYERS
The report covers key developments in the cartilage repair market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Cartilage Repair market are anticipated to lucrative growth opportunities in the future with the rising demand for cartilage repair market in the global market. Below mentioned is the list of few companies engaged in the Cartilage Repair market.
The report also includes the profiles of key cartilage repair market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Stryker
- Zimmer Biomet
- Smith & Nephew
- Vericel Corporation
- B. Braun Melsungen AG
- Anika Therapeutics, Inc.
- Geistlich Pharma AG
- Regentis Biomaterials Ltd.
- Arthro Kinetics
- RTI Surgical Holdings, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.