According to a new report published by Allied Market Research, titled, “Cartilage Repair Market by Modality, Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025“, the global market was valued at $713 million in 2017, and is projected to reach $2,195 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period.
Cartilage repair is a process that encompasses treatment of the damaged cartilage through different modalities such as chondroplasty, autologous chondrocyte implantation, osteochondral allograft, and juvenile allograft fragments to restore normal functions of the connective tissue.
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North America was the leading revenue contributor to the global market in 2017, owing to high adoption rate of cartilage repair products. However, Asia-Pacific is expected to grow at the highest CAGR of 16.5% from 2018 to 2025, due to increase in disposable income; surge in research, development, & innovation activities; and rise in awareness towards cartilage repair products.
The report provides an extensive competitive analysis and profiles of the key market players such as Arthrex, Inc., B. Braun Melsungen AG, Conmed Corporation, Johnson & Johnson, Osiris Therapeutics, Inc., RTI Surgical, Inc., Smith & Nephew PLC, Stryker Corporation, Vericel Corporation, and Zimmer Biomet Holdings, Inc. The other players in the value chain (not included in the report) include Anika Therapeutics, Inc., Collagen Solutions LLP, and Histogenics Corporation.
Key Findings of the Cartilage Repair Market:
- Hyaline cartilage occupied nearly two-thirds share of in the cartilage repair market in 2017.
- Knee application is anticipated to grow with the highest CAGR throughout the forecast period.
- North America accounted for more than one-third share of the global cartilage repair market in 2017.
- Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.
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Table Of Content:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.1.1. CXO perspective
Cartilage repair is executed through modalities such as chondroplasty & microfracture, autologous chondrocyte implantation, osteochondral allograft, and others to restore the damaged cartilage tissue. The demand for cartilage repair products has increased considerably, owing to increase in prevalence of degenerative diseases such as osteoarthritis in both developed and developing economies.
The growth of the cartilage repair market is propelled by upsurge in geriatric population, increase in prevalence of obesity, and rise of sedentary lifestyle in the populace. Furthermore, increase in awareness about cartilage repair products and surge in sports-related injuries are anticipated to boost the market growth in the forecast period.
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