Smooth lining which act as a joint lubricant and absorbs shock on the bone surface is called cartilage. Because of getting older or traumatic injury, cartilage undergoes wear and tear and affects the loading of joints. Due to the several drawbacks of the conventional methods used for the repairing of cartilage it has been replaced by the regenerative therapy which has gained its importance with emerging technology. Cartilage repair/regeneration is a type of regenerative therapy prominently used for the regeneration of damaged cartilage. According to the NIH (National Institute of Health), one-third of the adults in America aged above 45, generally suffer from cartilage damage issue. However, the high cost of treatment is acting as a hurdle for the cartilage repair/regeneration market and may affect its growth in the long term. However, a huge speculation by the public authority for the advancement of the cycle and treatments utilized for the treatment of ligament harm alongside the developing mindfulness are probably going to reveal the new roads for the market. Global Cartilage Repair Regeneration Market was valued at just under USD 4,875 million in 2019 and is expected to reach over USD 6,750 million in 2027, growing at a CAGR of over 8% during the forecast period.
By type, global Cartilage Repair Regeneration market is segmented into Hyaline, Fibro and Elastic. In 2019, global Cartilage Repair Regeneration market was dominated by hyaline segment with almost 55% share in total revenue generation. There has been a constant rise in number of people affected with joint and bone disorders all over the world. Joint and bone disorders like osteoarthritis, rheumatoid arthritis, gout, bursitis, fibromyalgia, rotator cuff injuries, frozen shoulder, and tendonitis are on the rise mainly due to older age, previous joint injuries, family history of such disorders, and environmental factors. Osteoarthritis is the most common type of joint disorder that involves damage to the cartilage and tissues surrounding it. It is characterized by stiffness, pain, and loss of function. Osteoarthritis occurs in adults aged 60 years or older. As per World Health Organization, about 10% to 15% of all adults aged over 60 have some degree of osteoarthritis. The rise in geriatric population will lead to the increase in the cases of osteoarthritis. According to the United Nations, by 2050 people aged over 60 will account for more than 20% of the world’s population and 130 million people will suffer from osteoarthritis worldwide. The rise in cases of osteoarthritis will have a direct positive impact on the demand for cartilage repair/ cartilage regeneration therapies.
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Global Cartilage Repair Regeneration market is segmented on the basis of treatment such as Repair and Regeneration. Cartilage Repair accounted for around two third share in 2019. Global Cartilage Repair Regeneration market is segmented on the basis of treatment modalities such as Cell Based and Non-Cell Based. Global Cartilage Repair Regeneration market is segmented on the basis of applications such as Hospital and Clinic, Specialty Hospitals, Ambulatory Surgery Center and Others. Hospital and Clinic was the dominating segment with over 40% share in 2019.
Global Cartilage Repair Regeneration market is dominated by North America with over 45% share in 2019. Higher demand for Cartilage Repair Regeneration in the region can be attributed to the increasing obesity among large population in the region. Obesity is another major factor that leads to osteoarthritis in individuals. According to World Health Organization, obesity has nearly doubled since 1980. Asia Pacific is expected to show tremendous growth over the forecast period.
Major players in global Cartilage Repair Regeneration market include but not limited to Smith and Nephew, Arthrex, Inc., B. Braun Melsungen AG, DePuy Synthes, Zimmer Biomet, CONMED Corporation, Osiris Therapeutics, Inc., RTI Surgical, Inc., Anika Therapeutics, Inc., Vericel Corporation and Others. The global Cartilage Repair Regeneration market is highly concentrated with top six players accounting for just over 50% share in the global market.
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Cartilage Repair Regeneration Market by Type, 2015 – 2027 Revenue (USD Million)
Cartilage Repair Regeneration Market by Treatment Analysis, 2015 – 2027 Revenue (USD Million)
Cartilage Repair Regeneration Market by Treatment Modalities Analysis, 2015 – 2027 Revenue (USD Million)
• Cell Based
• Non-Cell Based
Cartilage Repair Regeneration Market by Application, 2015 – 2027 Revenue (USD Million)
• Hospital and Clinic
• Specialty Hospitals
• Ambulatory Surgery Center
Cartilage Repair Regeneration Market by Region, 2015 – 2027 Revenue (USD Million)
• North America
o United States
• Asia Pacific
o South Korea
o Southeast Asia
• Latin America
• Middle East and Africa
o Saudi Arabia
o South Africa
Cartilage Repair Regeneration Market by Company, 2018 – 2019 Revenue (USD Million)
• Smith and Nephew
• Arthrex, Inc.
• B. Braun Melsungen AG
• DePuy Synthes
• Zimmer Biomet
• CONMED Corporation
• Osiris Therapeutics, Inc.
• RTI Surgical, Inc
• Anika Therapeutics, Inc.
• Vericel Corporation
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