Allied Market Research recently published a report, titled, “Cartilage Repair Market by Modality (Chondroplasty & Microfracture, Autologous Chondrocyte Implantation, Osteochondral Allograft, and Juvenile Allograft Fragments), Type (Hyaline Cartilage and Fibrocartilage), Application (Knee, Shoulder, and Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others) – Global Opportunity Analysis and Industry Forecast, 2018-2025”. The report states that the global cartilage repair market accounted $713 million in 2017 and is projected to attain $2,195 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025.
Comprehensive Analysis of Key Players
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.
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A combination of myriad factors, such as an increase in obesity & sedentary lifestyle among the populace, rise in elderly population, and an upsurge in the occurrence of arthritis worldwide is set to drive the global cartilage repair market forward. In the forecast period, market players would receive lucrative growth opportunities owing to the emerging market in counties such as India and China. However, significant market growth would be impeded by high costs associated with cartilage repair procedures and unclear regulatory scenarios.
The report segments the global cartilage repair market based on modality, type, application, end user, and geography. By modality, the market is divided into chondroplasty & microfracture, autologous chondrocyte implantation, osteochondral allograft, and juvenile allograft fragments. Osteochondral allograft registered the largest share in the global market in 2017 due to its versatility in treating large defects of the subchondral bone and an overwhelmingly successful outcome associated with the treatment.
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Based on type, the report bifurcates the global market into hyaline cartilage and fibrocartilage. By application, the global market is segmented into knee, shoulder, and others. The knee sub-segment garnered nearly half the market share in 2017 and is expected to exhibit prominent growth rate during the forecast period due to an increase in occurrence of knee osteoarthritis globally. Awareness regarding osteoarthritis is also set to drive the Asia-Pacific market, which is projected to witness the highest regional CAGR of 16.5% from 2018 to 2025. In 2017, however, North America was the highest revenue contributor in the global market.
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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