Cartilage Repair and Regeneration Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Global Cartilage Repair and Regeneration Market is estimated to grow at a CAGR of around 16.61% during the forecast period, i.e., 2024-30. The market growth has been primarily attributed to the rise in sports-related injuries and the growing awareness about the benefits of early intervention. Moreover, improving healthcare accessibility across developing countries like India, Australia, Mexico, etc., is leading to a surge in the aging population across the globe.

Markntel Advisor’s Cartilage Repair and Regeneration Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Cartilage Repair and Regeneration Market drivers, barriers, Cartilage Repair and Regeneration Market Trends, and Key Players in Cartilage Repair and Regeneration Market.

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Cartilage Repair and Regeneration Market Dynamics: 2024-2030

Cartilage Repair and Regeneration Market Driver:

Rising Incidences of Orthopaedic Diseases to Amplify the Demand– There have been increasing occurrences of orthopedic diseases due to obesity and repetitive motion. For instance,

In 2022, according to the World Health Organization (WHO), globally approximately 1.71 billion people are living with musculoskeletal conditions, including osteoarthritis, rheumatoid arthritis, and others.

This higher prevalence of orthopedic disorders affects the knee, hip, and the hand and the patients suffer from excruciating joint pain. Therefore, the consumers undergo cartilage repair and regeneration therapies to help in aiding the affected areas. Additionally, they also help in providing assistance in case the patients are delaying or avoiding a knee replacement, making it a primary treatment option for the consumers. Hence, with a significantly rising instance of patients with orthopedic disorders, the demand for cartilage repair and regeneration treatments has also enhanced.

Cartilage Repair and Regeneration Market Challenge:

High Cost of Cartilage Repair Surgeries Restrain Market Growth– Cartilage repair surgeries are based on a wide range of treatment modalities, like cell-based & non-cell-based, that are technologically advanced. Therefore, the cost of these surgeries is relatively higher than the conventional knee-replacement surgeries. Hence, patients with financial constraints and less per capita expenditures tend to choose a financially attractive solution, i.e., traditional orthopedic surgeries, impeding market growth.

Additionally, the consumers in the under-developed & developing nations are comparatively less aware than the individuals of developed countries. This lack of awareness creates apprehension among the end-users regarding the treatment & effectiveness of these surgeries, negatively impacting the Global Cartilage Repair and Regeneration Market.

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Cartilage Repair and Regeneration Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Treatment Modality

o   Cell-based- Market Size & Forecast 2019-2030, USD Million

§  Chondrocyte Transplantation- Market Size & Forecast 2019-2030, USD Million

§  Stem Cells- Market Size & Forecast 2019-2030, USD Million

§  Growth Factors- Market Size & Forecast 2019-2030, USD Million

o   Non-cell-based- Market Size & Forecast 2019-2030, USD Million

§  Tissue Scaffolds- Market Size & Forecast 2019-2030, USD Million

§  Cell-free Composites- Market Size & Forecast 2019-2030, USD Million

According to report, Of them all, the Cell-based segment held a major market share of the Cartilage Repair and Regeneration Market.

·       By Application Site

o   Knee- Market Size & Forecast 2019-2030, USD Million

o   Hip- Market Size & Forecast 2019-2030, USD Million

o   Ankle- Market Size & Forecast 2019-2030, USD Million

o   Spine- Market Size & Forecast 2019-2030, USD Million

o   Others (Shoulder, Elbow, etc.)- Market Size & Forecast 2019-2030, USD Million

According to report, Among them, Knee applications accounted for the largest market share in the Global Cartilage Repair and Regeneration Market.

·       By End User

o   Hospitals- Market Size & Forecast 2019-2030, USD Million

o   Specialty Clinics- Market Size & Forecast 2019-2030, USD Million

o   Others (Ambulatory Surgical Centers, Research Organizations, etc.)- Market Size & Forecast 2019-2030, USD Million

By Region

·       North America

·       South America

·       Europe

·       The Middle East & Africa

·       Asia-Pacific

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Cartilage Repair and Regeneration Market:

·        Zimmer Biomet

·        Stryker (AlloSource)

·        Arthrex, Inc.

·        Smith+Nephew

·        Anika Therapeutics, Inc.

·        B. Braun SE

·        CONMED Corporation

·        RTI Surgical

·        Vericel Corporation

·        Geistlich Pharma AG

·        Regrow Biosciences Pvt Ltd.

·        Orthocell Ltd.

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