Global Cartilage Repair Market - Industry Trends and Forecast to 2029

Global Cartilage Repair Market, By Type of Cartilage (Fibrocartilage, Hyaline cartilage, Other), Treatment Modality (Cell-Based, Non-Cell Based), Treatment Type (Palliative, Intrinsic Repair Stimulus), Application Site (Knee, Spine, Ankle, Hip, Others), Surgical Procedure (Microfracture, Debridement, Abrasion Arthroplasty, Autologous Chondrocyte Implantation, Osteochondral Autograft Transplantation, Osteochondral Allograft Transplantation, Cell-Based Cartilage Resurfacing, Others)-Industry Trends and Forecast to 2029.

Global Cartilage Repair Market Analysis and Size

The most important function of cartilage is to provide a lubricated and smooth surface for bone movement. Injuries, normal wear and tear, and disorders such as osteoarthritis can all cause cartilage deterioration. According to the Arthritis Foundation, around 14 million Americans have severe osteoarthritis of the knees that causes pain and inflammation, and this condition is becoming more common as individuals become older.

• Data Bridge Market Research analyses that the cartilage repair market was valued at USD 927.63 million in 2021 and is further expected to reach USD 1570.16 million by 2029, and is likely to grow at a CAGR of 6.8% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Global Cartilage Repair Market Definition

Cartilage repair is a procedure that involves treating injured cartilage with a variety of techniques, including chondroplasty, autologous chondrocyte implantation, osteochondral allograft, and juvenile allograft fragments, in order to restore normal connective tissue functioning.

Cartilage Repair Market Dynamics

Drivers

• Rise in the Prevalence of Osteoarthritis

The prevalence of osteoarthritis is on the rise all across the world. According to a study undertaken by the University of North Carolina, around 1 million knee and hip replacement procedures are performed in the United States each year.

• Increase in the Research Funding and Investments

Major competitors in this market are investing heavily in research and development, resulting in a robust pipeline of products based on diverse cartilage restoration techniques.

• Rising Geriatric Population

The ageing population is more prone to the development of conditions such as incidence of osteoarthritis. According to the American Heart Association (AHA), by 2030, the worldwide senior population will account for roughly 20.0 percent of the overall population, which is prone to chronic diseases and is expected to be a major driver of cartilage repair treatments.

Additionally, the rise in the obese (overweight) population and growing number of road accidents and sports-related injuries around the world positively influence the growth of the cartilage repair market.

Opportunities

In addition, the technological developments will further provide potential opportunities for the growth of the cartilage repair market in the coming years.

Restraints/Challenges Global Cartilage Repair Market

On the other hand, the increase in the cost of cartilage repair surgeries is further projected to impede the growth of the cartilage repair market in the timeline period. However, the restriction of cartilage-based stem cell products which might further challenge the growth of the cartilage repair market in the near future.

This cartilage repair market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cartilage repair market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Cartilage Repair Market

The COVID-19 had a negative impact on the cartilage repair market. During the first half of the projection period, the COVID-19 outbreak will have an influence on the cartilage repair market. The cartilage repair market witnessed a decline during the first portion of the forecasted period due to state lockdowns, denied wound care services, and cancelled or postponed elective surgeries. However, demand for cartilage repair and is predicted to skyrocket in the second half of the forecast period.

Recent Development

• In June 2019, an international team of scientists lead by the University Of Granada (UGR) developed a new hydrogel that successfully helps to regenerate cartilage utilising pioneering "polymer microarrays" technology.
• Smith & Nephew purchased Osiris Therapeutics, Inc. in 2019. (US). Smith & Nephew's advanced wound care management segment was boosted as a result of this acquisition, which extended the company's customer base.

Global Cartilage Repair Market Scope and Market Size

The cartilage repair market is segmented on the basis of type of cartilage, treatment modality, treatment type, application site, and surgical procedure. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type of Cartilage

• Fibrocartilage
• Hyaline cartilage
• Other

On the basis of type of cartilage, the cartilage repair market is segmented into fibrocartilage, hyaline cartilage and other.

Treatment Modality

• Cell-Based
• Non-Cell Based

On the basis of treatment modality, the cartilage repair market is segmented into cell-based and non-cell based. Cell based is further sub segmented into chondrocyte transplantation and growth factor technology. The non-cell-based is further sub segmented into tissue scaffolds and cell- free composites.

Treatment Type

• Palliative
• Intrinsic Repair Stimulus

On the basis of treatment type, the cartilage repair market is segmented into palliative and intrinsic repair stimulus. Palliative is further sub segmented into viscosupplementation and debridement and lavage.

Application Site                                                               

• Knee
• Spine
• Ankle
• Hip
• Others

On the basis of application, the cartilage repair market is segmented into knee, spine, ankle, hip and others.

Surgical Procedure

• Microfracture
• Debridement
• Abrasion Arthroplasty
• Autologous Chondrocyte Implantation
• Osteochondral Autograft Transplantation
• Osteochondral Allograft Transplantation
• Cell-Based Cartilage Resurfacing
• Others

On the basis of surgical procedure, the cartilage repair market is segmented into microfracture, debridement, abrasion arthroplasty, autologous chondrocyte implantation, osteochondral autograft transplantation, osteochondral allograft transplantation, cell-based cartilage resurfacing and others.

Cartilage Repair Market Regional Analysis/Insights

The cartilage repair market is analysed and market size insights and trends are provided by country, type of cartilage, treatment modality, treatment type, application site, and surgical procedure as referenced above.

The countries covered in the cartilage repair market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cartilage repair market due to the rise in the incidence of musculoskeletal diseases and occurrence of target population. Furthermore, the shift in the lifestyle of individuals will further boost the growth of the cartilage repair market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth during the forecast period of 2022 to 2029 in the cartilage repair market due to the rise in the incidents of cartilage damage. Moreover, the growing number of fractures that is caused from osteoporosis at different sites in the skeleton is further anticipated to propel the growth of the cartilage repair market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The cartilage repair market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cartilage repair market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cartilage repair market. The data is available for historic period 2010-2020.

Competitive Landscape and Cartilage Repair Market Share Analysis

The cartilage repair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cartilage repair market.

Some of the major players operating in the cartilage repair market are

• Vericel (US)
• Swedish Orphan Biovitrum AB (Sweden)
• MEDIPOST Co., Ltd. (South Korea)
• Zimmer Biomet (US)
• B. Braun Melsungen AG (Germany)
• Stryker Corporation (US)
• Smith & Nephew plc (UK)
• Medtronic (US)
• CONMED Corporation. (US)
• DePuy Synthes (US)
• Arthrex, Inc. (US)
• LifeNet Health (US)
• Anika Therapeutics (US)
• Takeda Pharmaceutical Company Limited. (Japan)
• LifeLike BioTissue (Canada)