North America Knee Cartilage Repair Market By Treatment (Cell-based and Non-cell-based), Surgery (Osteochondral Autograft Transplantation, Osteochondral Allograft Transplantation, Micro Fracture, Drilling, Abrasion Arthroplasty, Autologous Chondrocyte Implantation, and Others), Devices (Implants, Osteotomy, Bone Grafts, Arthroscopy, Resurfacing, Arthrodesis, and Others), Application (Osteoarthritis, Rheumatoid Arthritis, Osteonecrosis, Fractures, Bone Tumors, and Others), End User (Hospital, Ambulatory Surgical Centers, and Independent Center), Distribution Channel (Third Party Distributor, Online Sales, Direct Sales, and Others), Country (U.S., Canada, and Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Knee Cartilage Repair Market
North America Knee cartilage repair market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 8.0% in the forecast period of 2021 to 2028 and is expected to reach USD 946.28 million by 2028. Increase in the number of old age population is expected to drive the growth of the knee cartilage repair market.
Cartilage is a smooth, elastic, rubber-like tissue that covers and protects the ends of knee joints. Articular cartilage, mainly found in the knee joint, has a low friction coefficient, a high wear resistance, and weak regenerating properties. It is responsible for most of the knee joint's compressive resistance and load-bearing properties, and walking without it is quite uncomfortable. Osteoarthritis is a common cartilage failing disorder that can cause a decreased range of motion, bone deterioration, and, pain. It causes the articular surface to wear away and in severe cases, bone can be exposed in the joint due to a combination of acute stress and chronic exhaustion. Cellular matrix linkage rupture, chondrocyte protein synthesis inhibition, and chondrocyte apoptosis are some a few examples of cartilage failure processes.
Key factors driving the growth of the knee cartilage repair market are rise in number of old age population, increase in investments in research and development activities, rise in popularity of minimal invasive procedures, increase in the number of road accidents and sports-related injuries, and rise in obesity concerns among the population, which eventually leads to cartilage loss, However, high cost of knee cartilage repair surgeries & treatment, complications associated with knee cartilage repair surgeries in elder population, and limited number of cartilage-based stem cell products may restrain the market growth in the coming years. Increasing technological and advancements in knee cartilage repair are expected to act as an opportunity for the Asia Pacific knee cartilage repair market. On the other hand, stringent government regulations may act as a challenge for the market growth.
The knee cartilage repair market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the knee cartilage repair market scenario contact Data Bridge Market Research for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
Knee Cartilage Repair Market Scope and Market Size
North America knee cartilage repair market is segmented based on treatment, surgery, devices, application, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of treatment, the North America knee cartilage repair market is segmented into cell-based and non-cell-based. In 2021, cell-based segment is expected to dominate the market due to increase in demand for cell-based products among people.
- On the basis of surgery, the North America knee cartilage repair market is segmented into osteochondral autograft transplantation, osteochondral allograft transplantation, micro fracture, drilling, abrasion arthroplasty, autologous chondrocyte implantation, and others. In 2021, the autologous chondrocyte implantation segment is expected to dominate the market due to fewer complications post-surgery.
- On the basis of devices, the North America knee cartilage repair market is segmented into implants, osteotomy, bone grafts, arthroscopy, resurfacing, arthrodesis, and others. In 2021, implants segment is expected to dominate the market due to several reimbursement policies for knee replacement surgeries in the region.
- On the basis of application, the North America knee cartilage repair market is segmented into osteoarthritis, rheumatoid arthritis, osteonecrosis, fractures, bone tumors, and others. In 2021, osteoarthritis segment is expected to dominate the market due to increase in the number of obesity cases, which eventually lead to osteoarthritis.
- On the basis of end user, the North America knee cartilage repair market is segmented into hospital, ambulatory surgical centers, and independent centers. In 2021, the hospital segment is expected to dominate the market due to increased road accidents and sports-related injuries in the region.
- On the basis of distribution channel, the North America knee cartilage repair market is segmented into third party distributor, online sales, direct sales, and others. In 2021, the direct sales segment is expected to dominate the market due to easy availability of the products to the end-users.
Knee cartilage repair Market Country Level Analysis
The knee cartilage repair market is analyzed and market size information is provided based on country, treatment, surgery, devices, application, end user, and distribution channel as referenced above.
Countries covered in the knee cartilage repair market report are the U.S., Canada, and Mexico.
The treatment segment in the U.S. is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increase in the number of old age population. The treatment segment in Canada is dominating the North America market owing to rise in obesity concerns among the population eventually leads to cartilage loss. Mexico is showcasing significant growth of the North America market due to increase in the number of road accidents and sports related injuries.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Investments by the key players in Knee Cartilage Repair is Boosting the Market Growth of Knee cartilage repair market.
North America knee cartilage repair market also provides you with detailed market analysis for every country growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Knee Cartilage Repair Market Share Analysis
North America knee 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America knee cartilage repair market.
Major companies operating in the North America knee cartilage repair market are Smith+Nephew, Stryker, JRI Orthopaedics, Auxein Medical, Regentis Biomaterials Ltd., EVOLUTIS INDIA PVT. LTD., Japan MDM, Inc., Zimmer Biomet, B. Braun Melsungen AG, The Future of Biotechnology, MEDIPOST, Vericel Corporation, CONMED Corporation, TEIJIN NAKASHIMA MEDICAL CO., LTD., BioTissue, ISTO Technologies, Inc., CartiHeal, Inc., Mathys AG Bettlach, DePuy Synthes (The Orthopedic franchise of Johnson & Johnson Services, Inc.), Meril Life Sciences Pvt. Ltd., Arthrex, Inc., Medacta International, and Waldemar Link GmbH & Co. KG among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Various contracts, agreements and launches are also initiated by the companies worldwide which are further accelerating the North America Knee cartilage repair market growth.
For instance,
- In September 2020, Medacta International announced that it has expanded its partial knee replacement solutions with MOTO lateral partial knee system. The product has recently received CE marking and FDA clearance. This helped the company to expand its product portfolio.
- In May 2018, Medical Devices Business Services, Inc. (DePuy Synthes) announced the launch of the TRUESPAN Meniscal repair system, a knee arthroscopy solution designed to simplify meniscal repair procedures. This helped the company to gain customer base in North America
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