Cartilage is the rubbery and soft material present in bone joints and prevents the friction between the bones. The knee cartilage available in the market include fibrocartilage, articular cartilage, and elastic cartilage. Knee cartilage repair is beneficial for the conditions like delayed unions, slow healing wounds, and malunions.
Increase in obese population, increase in the geriatric population, rising incidence of sports injuries, osteoarthritis, and chondrodystrophic are leading factors which are driving the growth of knee cartilage repairing market. Technological advancements, the rise in number of accidents & related injuries and increasing demand for minimally invasive surgical products are the key factors boosting the growth of knee cartilage repairing market. However, the high cost of therapy and unfavorable reimbursement scenario are the major restraining factors of the knee cartilage repairing market. Complexities of cartilage repair surgeries are also expected to hamper the growth of knee repairing market.
• The global knee cartilage repairing market is segmented on the basis of product type, origin, livestock and geography
• The global knee cartilage repairing market is expected to reach XX USD Mn by 2024 with a growing CAGR of XX% from 2018 to 2024
• The report covers in-detail insights about the competitor’s overview, key findings and their key strategies
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The knee cartilage repairing market is divided on the basis of-
1. Treatment modality
• Cell Based Approaches
o Chondrocyte Transplantation
o Growth Factor Technology
o Stem Cells
• Non-cell Based Approaches
o Tissue Scaffolds
o Cell-free Composites
2. Applications
• Hyaline Cartilage
• Fibrocartilage
3. Procedure type
• Arthroscopic Chondroplasty
• Osteochondral Grafts Transplantation
• Autologous Chondrocyte
• Implants Transplant
• Cell-based Cartilage Resurfacing
• Microfracture
• Others
3. End-users.
Hospitals, orthopedic clinics and ambulatory surgical centers.
And lastly on the basis of geographical regions, knee cartilage repairing market has been segmented into following regions-North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
North America accounts for a major revenue share in the global market followed by Europe. The factors which are responsible for the growth of knee cartilage repairing market in the region are an increase in geriatric population and rapid degenerative changes of the knees. Furthermore, the growth of the knee cartilage repairing market is partly driven by the expanded access to health insurance coverage in the U.S. through the Medicare and the Medicaid. The presence of skilled healthcare professionals as well as rising bone and joint disorders expected to create the huge demand for surgery products in Germany.
Asia Pacific is the most profitable region for knee cartilage repairing market owing to increase in the prevalence of diabetes, rise in prevalence of osteoporosis, increase in demand for elder care and treatment for age related conditions, and rise in medical tourism in Asia Pacific region anticipated to fuel the knee cartilage repairing market.
Latin America and Middle East & Africa region are expected to fuel the demand for cartilage repair products during the forecast period due to increase in obese population.
Some of the key players in knee cartilage repairing market are Medtronic (U.S.), Biomet, Inc. (Zimmer Biomet Inc.) (U.S.), ConMed Corporation (U.S.), Depuy Synthes (Johnson and Johnson Services, Inc.) (U.S.), LifeNet Health, Inc. (U.S.), Anika Therapeutics, Inc. (U.S.), Stryker Corporation (U.S.), and Vericel Corporation (U.S.), to name a few. In 2016, FDA approved the autologous cultured chondrocytes on porcine collagen membrane (Maci) by Vericel Corporation for symptomatic repair, full-thickness cartilage defects of knee in the adults.
Rising incidence and prevalence of obesity and diabetes is expected to propel the knee cartilage repairing market. Also, developing technology, increase in the road accidents and sports-related injuries are also helping fuel the market growth of knee cartilage repair. For instance, the German firm Amedrix GmbH has developed the minimally invasive surgical procedure for the treatment of cartilage defects.
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Key Questions Answered
• What is the current and future market outlook worldwide? What trends knee cartilage repairing are affecting the global market?
• What is the competitive landscape and market share of major players in the knee cartilage repairing globally?
• What are the key, high growth markets that knee cartilage repairing manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the knee cartilage repairing currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of knee cartilage repairing?
• What are the challenges and barriers that have hindered widespread adoption of knee cartilage repairing?
Reasons to buy knee cartilage repairing market Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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