Cartilage Repair/Regeneration Market Will Witness Growth Based On Surge In Number Of Accidents & Related Injuries Across The Globe Till 2025:Grand View Research,inc.
The global cartilage repair/regeneration market is
expected to reach USD 6.7 billion by 2025, according to a new report by Grand
View Research, Inc. The market is expected to witness lucrative growth over the
forecast period, owing to increasing prevalence of bone & joint disorders,
such as Osteoarthritis (OA), rising geriatric population, and surge in number
of accidents & related injuries across the globe.
Increasing number of road
accidents worldwide are causing bone and joint injuries, which is anticipated
to fuel the demand for cartilage repair products over the forecast period. For
instance, as per data published by the World Health Organization (WHO) in
November 2016, approximately 1.25 million people die each year in road
accidents worldwide, owing to the influence of alcohol & reckless driving,
use of mobile phone, and other associated factors such as bad weather
conditions & improper road construction.
Around 30.0 million children and
adolescents participate in youth sports in the U.S each year. This increase in
sports activity increases incidents of injuries in athletes, which in turn
propels demand for cartilage repair products. According to research data by the
American Orthopaedic Society for Sports Medicine, over 3.5 million athletes
receive medical treatment due to sports injuries each year.
Browse full research report on Cartilage
Repair/Regeneration Market: http://www.grandviewresearch.com/industry-analysis/cartilage-repair-regeneration-market
Further Key Findings From the Study Suggest:
- The cell-based segment held a profitable revenue
share in 2016 and is anticipated to grow at a significant rate over the
forecast period owing to rising preference for autologous chondrocyte
transplantation for surgical treatment of damaged articular cartilage
(chondral and osteochondral lesions)
- The hyaline cartilage segment is anticipated to
witness the fastest growth during the forecast period due to high
susceptibility of damage to hyaline cartilage in case cartilage-related
injuries and increase in sport injuries
- Owing to the extensive use of microfracture
techniques during cartilage repair surgeries, the intrinsic repair
stimulus segment dominated the market in 2016
- Increasing prevalence of OA and rise in accident-related
injuries are anticipated to support the growth of knee cartilage repair
segment
- North America is expected to dominate the cartilage
repair market during the forecast period, owing to the rising prevalence
of bone & joint disorders, increase in number of accidents &
injuries, and growing geriatric population in the region are expected to
spur the cartilage regeneration market growth.
- Some of the key players of cartilage repair market
are 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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global cartilage
repair/regeneration market on the basis of treatment modality, application,
treatment type, site, and region:
Treatment Modality Outlook (Revenue, USD Million, 2014 -
2025)
- Cell-Based
- Chondrocyte
Transplantation
- Growth
Factor Technology
- Non-Cell-Based
- Tissue
Scaffolds
- Cell-Free
Composites
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Hyaline
Cartilage
- Fibrocartilage
Treatment Type Outlook (Revenue, USD Million, 2014 -
2025)
- Palliative
- Viscosupplementation
- Debridement
& Lavage
- Intrinsic
Repair Stimulus
Site Outlook (Revenue, USD Million, 2014 - 2025)
- Knee
Cartilage Repair
- Arthroscopic
Chondroplasty
- Autologous
Chondrocyte
- Osteochondral
Grafts Transplantation
- Cell-based
Cartilage Resurfacing
- Microfracture
- Other
- Other
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa (MEA)
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-cartilage-repair-regeneration-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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