Cartilage Repair Market Size is Expected to Reach USD 2,268.8 Million in 2028 | Reports and Data

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Cartilage Repair Market Size is Expected to Reach USD 2,268.8 Million in 2028 | Reports and Data

September 29
16:09 2022
Cartilage Repair Market Size is Expected to Reach USD 2,268.8 Million in 2028 | Reports and Data
Cartilage Repair Market
cartilage repair market size is expected to reach USD 2,268.8 Million in 2028 and register a revenue CAGR of 14.5% over the forecast period

The global cartilage repair market size is expected to reach USD 2,268.8 Million in 2028 and register a revenue CAGR of 14.5% over the forecast period, according to the latest report by Reports and Data. Steady revenue growth of the global cartilage repair market is primarily due to rising incidence of joint injuries owing to obesity, accidents, playing sports, and some other medical conditions/diseases. In most cases, patients with cartilage damage comprise youngsters and adults suffering from knee joint injuries such as meniscal or ligament tears, need knee cartilage repair surgery. Healing of damaged cartilage is a slow process, thus, procedures such as autologous chondrocytes implantation and cell-based cartilage resurfacing are employed to stimulate growth of new cartilage in joints. Cartilage repair and restoration provides significant relief from pain and allow better joint movement, and this helps to delay or prevent onset of arthritis.

Compared with other body tissues, cartilage has a poor blood supply, and therefore has limited potential to heal itself or to support donor cartilage. It is a connective tissue found in various parts of the body, especially joints. Major players are investing in R&D of better solutions for cartilage regeneration and repair as degeneration of meniscus (fibrocartilage) tissue affects a large number of patients across the globe. Researchers have recently developed 3D technology that helps to bio-print a 3D hybrid tissue constructed for regenerating cartilage by using specialized bio-inks. These inks comprise hydrogels to develop a new formulation that creates a cell-friendly microenvironment and provides structural integrity.

However, high cost associated with cartilage repair surgeries and dearth of skilled surgeons are factors that could hamper market revenue growth over forecast period.

 

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Some Key Highlights from the Report 

  • By Application, the fibrocartilage segment accounted for significantly large revenue share in 2020. Fibrocartilage functions as a joint stabilizer and shock absorber by providing cushion layer in knee joints involved in bearing strain and load. Fibrocartilage in knee joints is much more responsive to joint instability, and hence, in many cases, it acts as an indicator of pending degeneration of cartilage.
  • By treatment modality, the cell-based segment accounted for largest revenue share in 2020. Cell-based modality is a kind of biological treatment, which encompasses process of putting new cells along with damaged tissues for treatment of age-related or degenerative diseases. Cartilage is the most appropriate tissue for regeneration purpose. The primary purpose of cell-based treatment for cartilage imperfections is to repair injured joint surfaces using healthy tissues that can endure stresses and strains caused by joint loading.
  • North America accounted for largest revenue share in 2020, owing to increasing use of more advanced technologies in the healthcare sector, rising prevalence of obesity, increasing investments in R&D of cutting-edge cartilage repair procedures, and increasing healthcare spending. Additionally, presence of various major players is also boosting revenue growth of the market in the region.
  • In April 2018, Stryker and AlloSource made an announcement about launch of a cryopreserved osteochondral allograft called ProChondrixCR. It is intended to offer better solutions to patients requiring articular cartilage repair.
  • Companies profiled in the global market report include Zimmer Biomet, Stryker Corporation, DePuy Synthes, Smith & Nephew PLC, Vericel Corporation, Osiris Therapeutics Inc., B. Braun Melsungen AG, Anika Therapeutics Inc., Arthrex Inc., and Collagen Solutions PLC.

For the purpose of this report, Reports and Data has segmented the global cartilage repair market based on treatment modality, application, treatment type, end use, and region:

Treatment Modality Outlook (Revenue, USD Billion; 2018–2028)

  • Cell-Based
    1. Chondrocyte Transplantation
    2. Growth Factor Technology
  • Non-Cell-Based
    1. Tissue Scaffolds
    2. Cell-Free Composites
  • Others

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Hyaline
  • Fibrocartilage
  • Elastic Cartilage
  • Others

Treatment Type Outlook (Revenue, USD Billion; 2018–2028)

  • Palliative
    • Viscosupplementation
    • Debridement & Lavage
  • Intrinsic Repair Stimulus
  • Others

End Use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospital
  • Clinics
  • Ambulatory Surgical Centers
  • Others

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest Of MEA

 

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