DUBLIN--(BUSINESS WIRE)--The "Cartilage Repair/Regeneration Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The prime factor propelling the cartilage repair/regeneration market globally is the rising prevalence of the joints and bone disorders around the world. Sports injuries, accidents, a growing geriatric and obese populace across the globe are the few other significant factors attributing the growth of the cartilage repair/regeneration market globally. Moreover, technological advancements and the development of innovative treatment approaches are also driving the growth of the market. Cartilage regeneration is presently encouraged through the use of novel medical devices and therapeutics such as platelet-rich plasma injection, allografts, marrow stimulation drills, and extracellular matrix implants. However, the high cost of the surgeries and lack of awareness may hamper the growth of the market.
Key Market Trends
Knees Holds Significant Market Share in the Application Site Segment Globally
According to the Arthritis Foundation, approximately 14 million Americans have osteoarthritis of the knees that are severe enough to cause pain and inflammation, and more people are suffering from this condition with the increase in age. Since the knee's natural cushioning i.e. the cartilage diminishes, inflammation and pain increase and people start to face problems in basic movement as well. Even though these types of disorders and other knee injuries are relatively common, yet it is important to get the actual therapy facts so that one can seek the proper treatment options for the concerned condition. Therefore, building knee cartilage has always been a major target for researchers, and now several upcoming methods for knee cartilage repair and regeneration are under research as well as a clinical study.
North America Dominates the Global Cartilage Repair/Regeneration Market
The United States had the most significant share of the cartilage repair/regeneration market in North America, due to the increasing incidence of bone and joint disorders, rising geriatric and obese population. As per the data reported by the American Orthopedic Society for Sports Medicine, about 3.5 million athletes are receiving medical treatment due to sports injuries every year in the US. Furthermore, increasing physician and patient awareness about newly introduced treatment procedures and technologies along with the substantial investments by the government for the technologies and therapies adopted for the Cartilage Repair/Regeneration is supporting the growth of the market in North America.
Market players in the Global Cartilage Repair/Regeneration Market are focusing on the expansion of their product portfolios by adopting inorganic growth strategies such as acquisitions & mergers, partnerships. Along with that, R&D activities by the research institutes and market players are also seen.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Prevalence of the Joints and Bones Disorders around the World and Increasing Geriatric Population
4.2.2 Technological Advancements in Cartilage Repair/Regeneration
4.2.3 Increasing Number of Injuries and Accidents
4.3 Market Restraints
4.3.1 High Costs of Cartilage Repair Procedures
4.3.2 Regulatory and Reimbursement Issues
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Types of Cartilage
5.1.2 Hyaline cartilage
5.2 By Treatment Modality
5.3 By Treatment Type
5.3.2 Intrinsic Repair Stimulus
5.4 By Application Site
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Anika Therapeutics, Inc.
6.1.2 Arthrex, Inc.
6.1.3 B. Braun Melsungen AG
6.1.4 Cyfuse Biomedical K.K.
6.1.5 DePuy Synthes
6.1.6 Geistlich Pharma AG
6.1.7 Smith & Nephew plc
6.1.8 Stryker Corporation
6.1.9 Vericel Corporation
6.1.10 Zimmer Biomet
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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