Damage to cartilage restricts the normal movement of knee and can cause pain. If left untreated, it may require knee replacement surgery. Damage to the articular cartilage most often occurs after a traumatic and twisting injury to the knee. Knee cartilage repair has been beneficial for conditions such as mal-unions, delayed unions, and slow healing wounds. Advances in knee cartilage repair products have bolstered the growth of this industry. The global knee cartilage repair market is predominantly driven by rise in the global geriatric population and lifestyle changes coupled with growing awareness about sports and outdoor activities among the younger as well as elderly generation. Compounding this effect, the elderly and obese populations have been observed to be highly prone to degenerative diseases such as osteoarthritis, rheumatoid arthritis, and other trauma injuries.
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The global knee cartilage repair market has been categorized into various procedure types such as arthroscopic chondroplasty, autologous chondrocyte implantation, osteochondral grafts transplantation, cell-based cartilage resurfacing, implants transplant, microfracture and others. Arthroscopic chondroplasty contributed to the largest share in 2014 in the global knee cartilage repair market and continue to dominate the market till 2023 due to faster recovery time of arthroscopic chondroplasty as compared to other traditional methods of open knee surgeries. Arthroscopic chondroplasty involves repair of a small area of damaged cartilage in the knee by removing it and allowing healthy cartilage to grow in its place. Meniscal tears is the most common reason for arthroscopic chondroplasty. .It is expected that autologous chondrocyte implantation would expand at the highest CAGR during 2015 to 2023. This is primarily due to growing preference for the procedure, short turnaround time for patient recovery, and easy availability of the procedures.
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Geographically, the global knee cartilage repair market has been differentiated into the regions: North America, Europe, Asia Pacific, Latin America and the Middle East & North Africa and Rest of the World. North America dominated the global knee cartilage repair market in 2014 and would continue to maintain its leadership till 2023 due to availability of favorable reimbursement policies after implementation of the Affordable Care Act and rising incidence of knee injuries (accident, obesity and geriatric). Additionally, rise in incidence of obesity is increasing the adoption of knee cartilage procedures due to greater tendency of developing orthopedic disorder. According to the Truven Health Market Scan Database (2014), more than 2.4 million procedures are performed annually (global) to address cartilage, meniscus, ligament and/or tendon injuries in the knee. Moreover, in the U.S. 3% to 5% falls among older population result in fractures, that leads to approximately 480,000 fall related fractures every year.
Asia Pacific is estimated as the most opportunistic market during the forecast period due to strong economic growth in countries such as India, China, Singapore, Philippines, Australia, and others. Moreover, significant rise in geriatric population is expected to boost the growth of the knee cartilage repair market in the region. Furthermore, emerging economies such as India and China, with a significantly large pool of underserved patients, offer large opportunity for the knee cartilage repair procedures.
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The global knee cartilage repair market is characterized by the presence of major companies such as DePuy Synthes, Zimmer Biomet, Stryker Corporation, Smith & Nephew plc, and B. Braun Melsungen AG. These market players are engaged in growth strategies such as acquisitions, marketing of products and introducing various awareness programs to increase the market share and sustain in the highly competitive knee cartilage repair market.
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